Product ID: UCMIG10B2026
Report ID:
UCMIG10B2026 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global market for pipeline and process services had a total worth of USD 3.49 billion in 2022. Projections indicate that this market will experience growth, reaching USD 5.53 billion by 2030 from USD 3.63 billion in 2023, with a compounded annual growth rate (CAGR) of 6.21% during the forecast period. Within the oil and gas pipeline's lifecycle, various activities are encompassed by pipeline and process services. Among these activities is pre-commissioning, where the pipeline undergoes a series of assessments to ensure its operational capabilities and undergoes safety checks to prevent harm to the environment and living organisms.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Oil & Gas Equipment & Services by segment aggregation, the contribution of the Oil & Gas Equipment & Services in Energy Service and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG10B2026