MEA Pipeline Maintenance Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 3.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
MEA Pipeline Maintenance Market Analysis
The Middle East & Africa Pipeline Maintenance market is projected to register a CAGR of over 3.0% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Presently the market has reached pre-pandemic levels.
- Over the medium term, Increasing domestic natural gas demand, aging pipeline infrastructure, and the increase in oil and gas production caused by unconventional reserve development are expected to drive the growth of the market studied.
- On the other hand, high construction costs and delays in implementing projects may restrain market growth.
- Nevertheless, the rise in offshore exploration and production projects is expected to create an excellent opportunity for the market players in the forecast period, as these projects are paving the way for the pipeline industry to grow more.
MEA Pipeline Maintenance Market Trends
Pigging Segment to have a Significant Share in the Market
- The pigging segment is expected to have a significant market share during the forecast period. In 2021, the pigging segment held a major share of the market, and the claim is expected to grow. Furthermore, The application of pipelines as oil transport dates back to 1859. The increasing demand for refined products, like kerosene, led to more production wells and a rising need to transport the products to the markets.
- The two pipeline pigging services applications are the new and old pipelines. During the construction of the new pipeline, every section of the pipeline must be pigged using an intelligent and utility pigging tool before the line-filling phase. For the old pipelines, the operators must carry out pigging in pluggable sections after a while. This interval of time varies significantly from country to country and depends on each country's regulatory bodies.
- One of the major drivers for the pipeline-pigging market is the development of new pipelines. Since the oil price crisis in 2014, major countries, which have been historically dependent on the oil and gas upstream industry, are facing problems finding consumers for the crude oil produced.
- Production from unconventional reserves is witnessing widespread growth, which presents massive opportunities for the pipeline-pigging equipment business. The oil and gas extraction from unconventional offshore reserves leads to the production of a high concentration of impurities, such as bitumen, water, and carbon dioxide, which threaten the integrity of the pipeline system. This leads to the increased requirement for pipeline pigging services, which will demand the use of pipeline repair & maintenance services across the Middle East and Africa.
- Oil consumption globally increased by 5.3 million barrels per day in 2021 but remained 3.7 million barrels per day below 2019 levels.
- Hence, owing to the above points, increasing investment in Pipeline Maintenance services will drive the market during the forecast period.
Saudi Arabia fastest growing region in the Pipeline Maintenance market
- According to the Statistical review of World Energy, Saudi Arabia is the world's second-largest crude oil producer, accounting for about 12.90% of the total oil produced globally in 2022. The country is also one of the largest crude oil exporters in the world. Moreover, Saudi Arabia accounted for the second-largest proven oil reserves in the world, after Venezuela, in 2020.
- As per the Statistical review of World Energy, In Saudi Arabia, natural gas liquid production reached 1560 thousand barrels per day in 2021, a 0.3% increase from 2010.
- As of 2021, Saudi Aramco, the national oil company, operated more than 90 pipelines and 12,000 miles of crude oil and petroleum product pipelines throughout the country, all of which linked the production areas to the processing facilities, export terminals, and consumption centers.
- The country has an extensive natural gas distribution network. Built in 1975, Master Gas System (MGS), transports natural gas from associated and non-associated fields to natural gas processing plants, which separate the NGLs. The NGLs are then transported to the fractionation plants in Ju'aymah, Yanbu, and the Shaybah field plant.
- The demand for natural gas, particularly feedstock delivery to petrochemical plants, has driven the expansion of MGS over the past few years. Driven by the country's increasing consumption of natural gas, the development of MGS is essential in the coming years. Furthermore, several additions to MGS are in the planning or construction phases. The expansion plans include installing about 250 miles of natural gas lines along the East-West oil pipeline. The pipeline will transport gas to plants at Yanbu, and natural gas lines in Central Saudi Arabia, and the pipeline connecting Riyadh and the Shedgum natural gas plant.
- Addtionally, Saudi Arabia also has the world's fifth-largest estimated shale gas reserve. Thus, it has great potential to replicate North America's unconventional reserve development which is expected to create tremendous oppurtunities for the pipline maintenaince market.
- Hence, owing to the above points, Saudi Arabia is expected to see significant market growth in the Pipeline Maintenance market during the forecast period.
MEA Pipeline Maintenance Industry Overview
The Middle East & Africa Pipeline Maintenance market is fragmented. Some of the key players in this market (in no particular order) includes are OLEUM Process & Pipeline Services, Arabian Pipes Company, Frontier Pipeline Services, Rezayat Group, and Southern Engineering Co. Ltd.
MEA Pipeline Maintenance Market Leaders
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OLEUM Process & Pipeline Services
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Arabian Pipes Company
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Rezayat Group
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Frontier Pipeline Services
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Southern Engineering Co. Ltd.
*Disclaimer: Major Players sorted in no particular order
MEA Pipeline Maintenance Market News
- August 2022: Seplat Petroleum Development Company began commercial injection of crude oil through the new Amukpe-Escravos Pipeline. The 67-kilo-meter, mostly underground pipeline is expected to provide a more reliable and secure export route for liquids from Seplat Energy's major assets.
- February 2022: Aramco announced that it had signed USD 15.5 billion lease and leaseback deal involving its gas pipeline network in Saudi Arabia with a consortium led by BlackRock Real Assets and Hassana Investment Company.
Table of Contents
1. INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
4. MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2028
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Consumers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitutes Products and Services
4.7.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Service Type
5.1.1 Pigging
5.1.2 Flushing & Chemical Cleaning
5.1.3 Pipeline Repair & Maintenance
5.1.4 Drying
5.1.5 Others
5.2 Location of Deployment
5.2.1 Onshore
5.2.2 Offshore
5.3 Geography
5.3.1 UAE
5.3.2 Algeria
5.3.3 Nigeria
5.3.4 Saudi Arabia
5.3.5 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers, Acquisitions, Collaboration and Joint Ventures
6.2 Strategies Adopted by Key Players
6.3 Company Profiles
6.3.1 Pipeline Operators
6.3.1.1 ExxonMobil Corporation
6.3.1.2 BP PLC
6.3.1.3 Saudi Aramco
6.3.1.4 Egyptian General Petroleum Corporation
6.3.1.5 East Mediterranean Gas Company
6.3.1.6 Chevron Corporation
6.3.1.7 West African Gas Pipeline Company
6.3.1.8 SECO
6.3.2 Pipeline Maintenance Services Providers
6.3.2.1 Arabian Pipes Company
6.3.2.2 Abu Dhabi Metal Pipes & Profiles Industries Complex LLC
6.3.2.3 Rezayat Group
6.3.2.4 Vallourec SA
6.3.2.5 EEW Group
6.3.2.6 Frontier Pipeline services
6.3.2.7 OLEUM Process & Pipeline Services
6.3.2.8 STATS Group
6.3.2.9 Halliburton Company
6.3.2.10 T. D. Williamson Inc
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
MEA Pipeline Maintenance Industry Segmentation
The pipeline network serves as a means of transportation for resources and goods. However, the most frequently transported goods are those used in the energy sector, such as liquid petroleum, natural gas, and biofuels. In the oil and gas sector, the pipeline infrastructure is crucial in transporting crude oil to refineries and refined products to the market. The pipeline maintenance market is segmented by service type, location of deployment, and geography. By service type, the market is segmented into pigging, flushing & chemical cleaning, pipeline repair & maintenance, drying, and others. By location of deployment, the market is segmented into onshore and offshore. The report also covers the market size and forecasts for the pipeline maintenance market across major regions. For each segment, the market sizing and forecasts have been done based on revenue.
| Service Type | |
| Pigging | |
| Flushing & Chemical Cleaning | |
| Pipeline Repair & Maintenance | |
| Drying | |
| Others |
| Location of Deployment | |
| Onshore | |
| Offshore |
| Geography | |
| UAE | |
| Algeria | |
| Nigeria | |
| Saudi Arabia | |
| Rest of Middle East & Africa |
Frequently Asked Questions
What is the current MEA Pipeline Maintenance Market size?
The MEA Pipeline Maintenance Market is projected to register a CAGR of 3% during the forecast period (2024-2029)
Who are the key players in MEA Pipeline Maintenance Market?
OLEUM Process & Pipeline Services, Arabian Pipes Company, Rezayat Group, Frontier Pipeline Services and Southern Engineering Co. Ltd. are the major companies operating in the MEA Pipeline Maintenance Market.
What years does this MEA Pipeline Maintenance Market cover?
The report covers the MEA Pipeline Maintenance Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the MEA Pipeline Maintenance Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
MEA Pipeline Maintenance Industry Report
Statistics for the 2024 MEA Pipeline Maintenance market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. MEA Pipeline Maintenance analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
