United States Oil and Gas Pipeline Maintenance, Repair, Overhaul (MRO) Market Size

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.