Pipelines are also known as flow lines, and they transport liquid or gaseous substances. Pipelines are installed in difficult and dangerous environments, necessitating the use of precise pipeline monitoring systems to identify leaks and damages, which can have major ecological and economic effects. Due to qualities such as toughness, ductility, capacity to endure temperature variations, and cost-effectiveness when compared to stainless steel, low carbon steel is the most extensively used material for oil and gas pipelines globally. However, it is corrosive in the presence of air, soil, and water, which is a severe drawback.
Major Drivers, Restraints, Challenges and Opportunities
Factors driving the pipeline maintenance services market include the increasing development of unconventional oil and gas sources, the need to maintain output from aging pipeline systems, and the requirement to meet rising energy demand by expanding oil and gas pipeline infrastructure. High construction costs and delays in project implementation, on the other hand, are projected to limit market growth in the next years. Pipeline maintenance services, such as cleaning with magnetic pigs, are required at a higher frequency due to the properties of unconventional hydrocarbons, in order to prevent future corrosion within the pipeline and increase the efficiency of the pipeline system.
Rising unconventional oil and gas production is likely to drive demand for pipeline maintenance services. As a result, the oil and gas industry is attempting to tap into unconventional reserves in order to fulfill rising demand. However, most unconventional resources, such as US shale and Canadian oil sands, produce heavy and extra-heavy oils with high impurity levels, posing a danger to the integrity of the existing pipeline infrastructure.
Market Segmentation
The global pipeline maintenance services market is segmented on the basis of type, application, and region. In terms of type, the market is divided into the inspection services market and flushing & chemical cleaning. Based on application, the market is categorized into onshore and offshore.
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Regional Outlook
North America is expected to have the largest market for pipeline maintenance services, owing to large installed pipeline capacity and government regulations. The United States boasts the world's largest pipeline network. Crude oil transport accounts for almost a third of the country's entire pipeline business, sending millions of gallons of oil equivalent every day to refineries and export terminals.
Competitive Landscape
The pipeline maintenance services market is highly diversified and fragmented in nature. Some of the leading players operating in the market are EnerMech Ltd, Dacon Inspection Services Co. Ltd., Baker Hughes A GE Co, STATS Group, A GE Company, and Dacon Inspection Services.
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