Market Size of Asia Pacific Pipeline Maintenance Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 2.20 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
APAC Pipeline Maintenance Market Analysis
The Asia Pacific pipeline market is expected to record a CAGR of more than 2.2% throughout 2022-2027. The outbreak of COVID-19 in Q1 of 2020 negatively impacted the market. Lockdown restrictions imposed by various regions have caused a delay in pipeline construction and maintenance activities across the Asia Pacific. As an example, the Oil and Natural Gas Corporation (ONGC) in India delayed the pipeline replacement project phase in May 2020 because of the COVID-19 outbreak. Order to keep output from ageing pipeline systems and cater to the growing energy demand by expanding oil and gas pipeline infrastructure are just a few of the factors driving the pipeline maintenance services market. Other factors include the development of unconventional oil and gas sources leading to pipeline expansion. In the coming years, high construction costs and delays in implementing projects may restrain market growth.
- The pipeline repair & maintenance segment is expected to have a significant market share. Globally, corrosion is the leading cause of pipeline damage. Corrosion is estimated to account for the majority of pipeline operational and maintenance costs, indicating corrosion control services' importance.
- Existing old pipeline is likely to offer ample opportunities to the market studied.
- China is expected to dominate the market, due to the increasing government invesments in natural gas pipeline insfrastructure.
APAC Pipeline Maintenance Industry Segmentation
Asia Pacific pipeline maintenance market report includes:
| Service Type | |
| Pigging | |
| Flushing & Chemical Cleaning | |
| Pipeline Repair & Maintenance | |
| Drying | |
| Others |
| Location of Deployment | |
| Onshore | |
| Offshore |
| Geography | |
| China | |
| India | |
| Malaysia | |
| Indonesia | |
| Australia | |
| Rest of Asia Pacific |
Asia Pacific Pipeline Maintenance Market Size Summary
The Asia Pacific pipeline maintenance market is poised for growth, driven by the need to maintain aging infrastructure and expand oil and gas pipeline systems to meet increasing energy demands. The market experienced setbacks due to COVID-19, which caused delays in construction and maintenance activities. However, the development of unconventional oil and gas sources is expected to spur pipeline expansion, despite challenges such as high construction costs and project delays. The pipeline repair and maintenance segment is anticipated to hold a significant share of the market, with corrosion control services being crucial due to their impact on operational and maintenance costs. The demand for these services is further fueled by the growing share of heavy crude oil, which poses more frequent corrosion issues for pipelines.
China is expected to dominate the Asia Pacific pipeline maintenance market, supported by substantial government investments in natural gas pipeline infrastructure. The country's extensive installed pipeline capacity and ongoing projects position it as a leader in the region. The forecast period will see China investing heavily in expanding its natural gas pipeline system, creating opportunities for increased pipeline capacity and maintenance services. The market is moderately fragmented, with key players such as Dacon Inspection Services Co. Ltd, EnerMech Ltd, and China Petroleum Pipeline Engineering Co., Ltd. actively participating in the region. Recent contracts and projects, such as those awarded to the POSH and Seamec Limited consortium, highlight the ongoing demand for pipeline maintenance services in the region.
Asia Pacific Pipeline Maintenance Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, till 2027
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1.3 Installed Pipeline Historic Capacity and Forecast in Kilometers, Until 2027
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1.4 Recent Trends and Developments
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1.5 Government Policies and Regulations
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1.6 Market Dynamics
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1.6.1 Drivers
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1.6.2 Restraints
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1.7 Supply Chain Analysis
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1.8 Porter's Five Forces Analysis
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1.8.1 Bargaining Power of Suppliers
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1.8.2 Bargaining Power of Consumers
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1.8.3 Threat of New Entrants
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1.8.4 Threat of Substitute Products and Services
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1.8.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Service Type
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2.1.1 Pigging
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2.1.2 Flushing & Chemical Cleaning
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2.1.3 Pipeline Repair & Maintenance
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2.1.4 Drying
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2.1.5 Others
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2.2 Location of Deployment
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2.2.1 Onshore
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2.2.2 Offshore
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2.3 Geography
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2.3.1 China
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2.3.2 India
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2.3.3 Malaysia
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2.3.4 Indonesia
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2.3.5 Australia
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2.3.6 Rest of Asia Pacific
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Asia Pacific Pipeline Maintenance Market Size FAQs
What is the current Asia Pacific Pipeline Maintenance Market size?
The Asia Pacific Pipeline Maintenance Market is projected to register a CAGR of greater than 2.20% during the forecast period (2024-2029)
Who are the key players in Asia Pacific Pipeline Maintenance Market?
Dacon Inspection Services Co. Ltd, EnerMech Ltd, T. D. Williamson Inc, STATS Group and China Petroleum Pipeline Engineering Co., Ltd are the major companies operating in the Asia Pacific Pipeline Maintenance Market.
