Pipeline Services Market Size & Share Analysis| Halliburton Company, Baker Hughes Company, EnerMech Ltd., IKM Gruppen AS, Altus Intervention

The Pipeline And Process Services Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

Learn More On The Pipeline And Process Services Market:
https://www.thebusinessresearchcompany.com/report/pipeline-and-process-services-global-market-report

According to The Business Research Company’s Pipeline And Process Services Global Market Report 2024, The pipeline and process services market size has grown strongly in recent years. It will grow from $3.78 billion in 2023 to $4.02 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%.  The  growth in the historic period can be attributed to infrastructure rehabilitation, globalization of energy trade, shifts in energy sources, economic factors, infrastructure expansion..

The pipeline and process services market size is expected to see strong growth in the next few years. It will grow to $5.2 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%.  The growth in the forecast period can be attributed to efficiency and cost reduction, water infrastructure services, geopolitical factors, increasing global energy demand, smart infrastructure development.. Major trends in the forecast period include energy transition,maintenance and integrity, automation and digitalization, pipeline expansion projects, environmental regulations..

The increasing demand for oil and natural gas is expected to propel the pipeline and process services market growth. Oil and natural gas are energy resources derived from fossil fuels formed from the underground decomposition of prehistoric organisms for several to tens of millions of years. The pipeline and processes services are essential for the upkeep of pipes during the life cycle of an oil and gas pipeline so that transportation of the essential fuels can continue without any hindrance. For instance, according to India Brand Equity Foundation (IBEF), an India-based government export promotion agency, in India, the oil demand is expected to register double growth to reach 11 million barrels per day by 2045. Therefore, the increasing demand for oil and natural gas is driving the pipeline and process services market growth.

Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample_request?id=8210&type=smp

The pipeline and process services market covered in this report is segmented –

1) By Operation: Pre-Commissioning And Commissioning, Maintenance, Decommissioning
2) By Asset Type: Pipeline, Process
3) By Raw Material: Plastic, Carbon Steel, Steel
4) By End-Users: Oil And Gas Industry, Chemical Industry, Water Treatment Industry, Construction And Manufacturing Industry, Other By End-Users

Technological advancement is a key trend in the pipeline and process services market. Major companies operating in the market are developing innovative technologies such as, artificial intelligence, fast digital imaging, in-line robot inspections, magnetic flux leakage (MFL), and ultrasonic testing (UT) to sustain their position in the market. For instance, in September 2022, The Dacon Pipeline Services, a Thailand-based company that offers inspection of plastics and concrete material pipelines, launched 3” multi-channel ultrasonic pipeline inspection tool. The device goes through a pipeline while continuously taking measurements at very brief intervals to gather information and turn it into a high-resolution picture of the pipeline. The software then processes the pipeline data to create a readable and precise representation of the pipeline.

Major Players:

• Halliburton Company
• Baker Hughes Company
• EnerMech Ltd.
• IKM Gruppen AS
• Altus Intervention

The pipeline and process services market report table of contents includes:

1. Executive Summary
2. Pipeline And Process Services Market Characteristics
3. Pipeline And Process Services Market Trends And Strategies
4. Pipeline And Process Services Market – Macro Economic Scenario
5. Global Pipeline And Process Services Market Size and Growth
.
.
.

27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Related Reports:

https://goodprnews.com/in-vitro-toxicology-and-toxicity-testing-market-size-and-forecasts/
https://goodprnews.com/iot-based-asset-tracking-and-monitoring/
https://goodprnews.com/iot-identity-and-access-management-iam-market-size/
https://topprnews.com/in-vitro-toxicology-testing-market-size/
https://topprnews.com/iot-based-asset-tracking-monitoring-market/
https://topprnews.com/iot-identity-and-access-management-iam-market/

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQBlog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model