United States Oil and Gas Pipeline Maintenance, Repair, Overhaul (MRO) Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The market is segmented by Location of Deployment (Onshore and Offshore), and Type (Crude Oil Pipeline and Gas Pipeline)

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US Oil & Gas Pipeline MRO Market Size

United States Oil and Gas Pipeline MRO Market Size
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR > 3.00 %
Market Concentration Medium

Major Players

United States Oil and Gas Pipeline MRO Market Key players

*Disclaimer: Major Players sorted in no particular order
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US Oil & Gas Pipeline MRO Market Analysis

The United States oil and gas pipeline maintenance, repair, and overhaul (MRO) market is expected to grow at a CAGR of more than 3% during the forecast period of 2022 - 2027. The COVID-19 outbreak in Q1 of 2020 had led to delays in services contract agreements and project executions across the country. Factors, such as aging pipeline infrastructure, and the expansion of pipeline capacities, are likely to drive the United States oil and gas pipeline maintenance, repair, and overhaul (MRO) market during the forecast period. However, the shift toward renewable sources for electricity generation poses a huge threat to the demand for oil and gas, which is likely to be a major challenge for the growth of the United States oil and gas pipeline maintenance, repair, overhaul (MRO) market.

  • The gas pipeline segment is expected to witness significant growth during the forecast period. Owing to increasing demand for natural gas for domestic and export markets.
  • Increasing oil and gas exploration and production projects. This is likely to create several opportunities for the United States oil and gas pipeline maintenance, repair, and overhaul (MRO) market during the forecast period.
  • Increasing oil and gas pipeline infrastructure projects are likely to drive the United States oil and gas pipeline maintenance, repair, overhaul (MRO) market during the forecast period.

US Oil & Gas Pipeline MRO Market Trends

This section covers the major market trends shaping the US Oil & Gas Pipeline MRO Market according to our research experts:

Natural Gas Pipeline to Witness a Significant Growth

  • Natural gas consumption increased significantly, reaching 30.28 trillion cubic feet in 2021, owing to the surging demand for natural gas in numerous industries, including transportation and power generation. The consumption is expected to increase in the coming years and will likely drive the oil and gas pipeline infrastructure significantly.
  • By 2030, owing to environmental benefits and the quest for energy security in the United States, the demand for natural gas is expected to witness significant growth among all fuel types.
  • In 2021, pipeline companies completed 14 oil and gas pipeline projects in the United States. This includes seven crude oil pipeline projects and seven hydrocarbon gas liquids pipeline projects. The LNG trade is expected to witness a significant increase globally, resulting in increased demand for the natural gas pipeline network.
  • Further, in May 2022, the U.S. Department of Transportation's Pipeline and Hazardous Materials Safety Administration (PHMSA) has begun accepting applications for its new Natural Gas Distribution Infrastructure Safety and Modernization Grant program. The program offers nearly USD 200 million in grants annually over the next five years to improve the safety of high-risk, leak-prone natural gas distribution infrastructure and create good-paying jobs, benefiting underserved communities in rural and urban areas.
  • The development of new sources of natural gas, such as shale gas deposits, and the increasing the international trade of natural gas. Hence, these developments are expected to increase the demand for pipeline network expansion during the forecast period.
  • Therefore, from the above points, natural gas segment is likely to witness significant growth during the forecast period.
United States Oil and Gas Pipeline MRO Market Trends

Increasing Oil and Gas Pipeline Projects

  • Oil and gas pipelines find applications across all the three sectors in the oil and gas industry for transporting oil and gas. The upstream industry includes pipelines transporting crude oil and natural gas from the production site to a central collection point. They generally operate at low pressure and flow rate and are smaller in diameter than the transmission lines.
  • The oil and gas supply in the United States is expected to exceed the existing transportation capacity, requiring expansions as well as the construction of new pipelines. Without new pipelines, the whole of the United States oil and gas pipeline infrastructure has to run at total capacity.
  • As of 2021, there are ten petroleum pipeline projects in the United States currently in the construction phase, including new pipelines and expansions such as the Enbridge Line 3 Replacement project. Moreover, two projects have reached completion between January and June 2021. The number of natural gas pipeline projects is higher than the number of petroleum product pipelines in the United States.
  • In February 2021, Virginia natural gas company RGC Resources Inc. announced that the joint venture is building the Mountain Valley gas pipeline worth USD 5.8 billion - USD 6.0 billion from West Virginia to Virginia. The pipeline is expected to be completed by mid-2022.
  • In August 2021, the Dakota Access Pipeline (DAPL) Expansion project increased its capacity by 180,000 BPD along with the DAPL system by adding horsepower and upgrades at pump stations. The DAPL system runs from North Dakota through South Dakota and Iowa and ends near Patoka, Illinois, in the United States.
  • Therefore, the increasing new oil and gas pipeline infrastructure projects are significant factors driving the market during the forecast period.
United States Oil and Gas Pipeline MRO Market Analysis

US Oil & Gas Pipeline MRO Industry Overview

The United States oil and gas pipeline maintenance, repair, and overhaul (MRO) market is moderately fragmented. The key players in the market include Sulzer Ltd., National Energy Services Reunited Corp., Linde PLC, Oceaneering International, Inc., and Baker Hughes Company, among others.

US Oil & Gas Pipeline MRO Market Leaders

  1. Linde PLC

  2. Oceaneering International, Inc.

  3. Baker Hughes Company

  4. Sulzer Ltd. 

  5. National Energy Services Reunited Corp.

*Disclaimer: Major Players sorted in no particular order

Linde PLC, Oceaneering International, Inc, Baker Hughes Company, Sulzer Ltd, National Energy Services Reunited Corp.
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US Oil & Gas Pipeline MRO Market News

  • In February 2021, Virginia natural gas company RGC Resources Inc. announced that the joint venture is building the Mountain Valley gas pipeline worth USD 5.8 billion - USD 6.0 billion from West Virginia to Virginia. The pipeline is expected to be completed by mid-2022.
  • In August 2021, the Dakota Access Pipeline (DAPL) Expansion project increased its capacity by 180,000 BPD along with the DAPL system by adding horsepower and upgrades at pump stations. The DAPL system runs from North Dakota through South Dakota and Iowa and ends near Patoka, Illinois, in the United States.

US Oil & Gas Pipeline MRO Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions

  2. 2. EXECUTIVE SUMMARY

  3. 3. RESEARCH METHODOLOGY

  4. 4. MARKET OVERVIEW

    1. 4.1 Introduction

    2. 4.2 Market Size and Demand Forecast in USD billion, till 2027

    3. 4.3 Recent Trends and Developments

    4. 4.4 Government Policies and Regulations

    5. 4.5 Market Dynamics

      1. 4.5.1 Drivers

      2. 4.5.2 Restraints

    6. 4.6 Supply Chain Analysis

    7. 4.7 PESTLE Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Location of Deployment

      1. 5.1.1 Onshore

      2. 5.1.2 Offshore

    2. 5.2 Type

      1. 5.2.1 Crude Oil Pipeline

      2. 5.2.2 Gas Pipeline

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 Sulzer Ltd.

      2. 6.3.2 National Energy Services Reunited Corp.

      3. 6.3.3 Linde PLC

      4. 6.3.4 Oceaneering International, Inc.

      5. 6.3.5 Baker Hughes Company

      6. 6.3.6 EnerMech Ltd.

      7. 6.3.7 Pipergy, Inc.

      8. 6.3.8 Messer North America, Inc.

      9. 6.3.9 Advanced FRP Systems

      10. 6.3.10 Oil States Industries Inc.

      11. 6.3.11 Kinder Morgan Inc.

    4. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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US Oil & Gas Pipeline MRO Industry Segmentation

The United States oil and gas pipeline maintenance, repair, overhaul (MRO) market includes:

Location of Deployment
Onshore
Offshore
Type
Crude Oil Pipeline
Gas Pipeline
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US Oil & Gas Pipeline MRO Market Research FAQs

The United States Oil and Gas Pipeline Maintenance, Repair, Overhaul (MRO) Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)

Linde PLC, Oceaneering International, Inc. , Baker Hughes Company, Sulzer Ltd.  and National Energy Services Reunited Corp. are the major companies operating in the United States Oil and Gas Pipeline Maintenance, Repair, Overhaul (MRO) Market.

The report covers the United States Oil and Gas Pipeline Maintenance, Repair, Overhaul (MRO) Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the United States Oil and Gas Pipeline Maintenance, Repair, Overhaul (MRO) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

United States Oil and Gas Pipeline Maintenance, Repair, Overhaul (MRO) Industry Report

Statistics for the 2024 United States Oil and Gas Pipeline Maintenance, Repair, Overhaul (MRO) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. United States Oil and Gas Pipeline Maintenance, Repair, Overhaul (MRO) analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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United States Oil and Gas Pipeline Maintenance, Repair, Overhaul (MRO) Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)