Pipeline & Process Service Market Is Anticipated To Grow At A Cagr Of 3%-5% During 2020-2025

By Author: Lucintel LLC
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The global pipeline & process service market is projected to grow at a CAGR of 3%-5% during 2020-2025. The growth of pipeline & process service market is driven by growing concern regarding pipeline safety and energy infrastructure along with increasing exploration and production toward harsh environments, and growing recent discovery of certain new extraction techniques.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the pipeline & process service market by asset type (pipeline [transmission, and distribution], process [FPS(forties pipeline system), refinery & petrochemical, and gas storage & processing]), operation (pre-commissioning & commissioning, maintenance, and decommissioning), end use (power generation, chemicals & refined products, water & waste water, oil & gas, and others), and region (North America, Europe, Asia Pacific, and Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the pipeline & ...
... process service market?
Q.4 What are some changing demands of customers in the pipeline & process service market?
Q.5 What are the new developments in the pipeline & process service market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this pipeline & process service area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this pipeline & process service market?
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Market Segmentation:
Based on asset type, the pipeline & process service market is segmented into pipeline [transmission, and distribution], process [FPS (forties pipeline system), refinery & petrochemical, and gas storage & processing]. The pipeline segment accounted for the largest share of the market in 2020 as during the forecast period, a massive spread of around 250,000 km of pipeline are estimated to be added globally.
North America is expected to be the largest region and it is also expected to witness the highest growth over the forecast period due to the growing demand for energy produced in North America, increasing exploration and production toward harsh environments, and growing recent discovery of certain new extraction techniques.
Key Players in the pipeline & process service market are Halliburton, BHGE, EnerMech, IKM, Hydratight, Altus Intervention, Bluefin, Tucker Energy, IPEC, Trans Asia Pipelines, and Chenergy.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
To read more about this market please click on https://www.lucintel.com/pipeline-aand-process-service-market.aspx
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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