Mexico Pipeline Services Market Size (2024 - 2029)

The Mexico Pipeline Services Market is poised for growth, driven by factors such as increased natural gas imports and efforts to enhance infrastructure and accessibility. Despite challenges like crude oil theft and the financial struggles of national entities, the market has rebounded to pre-pandemic levels. The potential opening of the upstream oil and gas sector presents opportunities for technological and service partnerships, particularly with U.S. companies, which could further influence the market's expansion.

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Market Size of Mexico Pipeline Services Industry

Mexico Pipeline Services Market Summary
Study Period 2021 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2021 - 2022
CAGR 2.34 %
Market Concentration Medium

Major Players

Mexico Pipeline Services Market Major Players

*Disclaimer: Major Players sorted in no particular order

Mexico Pipeline Services Market Analysis

The Mexico Pipeline Services Market is expected to register a CAGR of over 2.34% during the forecast period.

The market was negatively impacted by COVID-19 in 2020. Presently the market has now reached pre-pandemic levels.

  • Over the medium term, factors such as increasing natural gas imports from the United States through cross-border pipelines, aging midstream pipeline infrastructure, and plans to improve natural gas accessibility across the country, are expected to boost the demand for the Mexican pipeline services market during the forecast period.
  • On the other hand, increasing crude oil theft from national oil and gas pipelines, disappointing results from the private oil and gas companies, and Pemex is the most indebted oil company across the world (over USD 100 billion in debt). This, in turn, hindered the growth of the pipeline services market in the country.
  • Nevertheless, opening the upstream oil and gas market is expected to provide opportunities to sell technology and services to private companies or for joint ventures and partnerships between the United States companies and Pemex.

Mexico Pipeline Services Industry Segmentation

Pipeline services include the design and building of pump stations and compressor stations, the storage of pipeline breakouts, pipeline modeling, pipeline design, gathering systems, cathodic protection, and leak detection.

The Mexico Pipeline Services Market is segmented by service type into pre-commissioning and commissioning services, maintenance services, inspection services, and decommissioning services. For each segment, the market sizing and forecasts have been done based on revenue (USD Million).

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Mexico Pipeline Services Market Size Summary

The Mexico Pipeline Services Market is poised for growth, driven by several key factors. The increasing import of natural gas from the United States through cross-border pipelines is a significant contributor to the market's expansion. This is complemented by the aging midstream pipeline infrastructure and initiatives aimed at enhancing natural gas accessibility across the country. Despite challenges such as crude oil theft and the financial struggles of Pemex, the opening of the upstream oil and gas market presents opportunities for technology and service sales, particularly through partnerships with U.S. companies. Pre-commissioning and commissioning services are expected to maintain a dominant position in the market, supported by the growing crude oil production and the deployment of new pipelines.

The use of low carbon steel in pipeline construction remains prevalent due to its favorable properties, although its susceptibility to corrosion poses challenges. Corrosion repair systems are essential in maintaining pipeline integrity. The natural gas pipeline infrastructure is a cost-effective solution for connecting gas sources to consumption markets, with significant growth in pipeline imports from the United States. The electric power and industrial sectors in Mexico are key drivers of increased natural gas consumption, further bolstering the demand for pipeline services. The market is characterized by partial fragmentation, with major players like MasTec Inc., SGS SA, and Fluor Corporation actively participating in significant projects, such as the expansion of the Mayakan gas pipeline and the construction of the Southeast Gateway Pipeline.

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Mexico Pipeline Services Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD million, till 2027

    3. 1.3 Pipeline Transportation

      1. 1.3.1 Transmission Pipeline Scenario

      2. 1.3.2 Distribution Pipeline Scenario

    4. 1.4 Mexico Natural Gas Production, till 2021

    5. 1.5 Mexico Crude Oil Production, till 2021

    6. 1.6 Refined Petroleum Production and Consumption Trend, till 2021

    7. 1.7 Recent Trends and Developments

    8. 1.8 Government Policies and Regulations

    9. 1.9 Key Pipeline Projects

      1. 1.9.1 Existing Infrastructure

      2. 1.9.2 Upcoming Projects and Projects in Pipeline

    10. 1.10 Market Dynamics

      1. 1.10.1 Drivers

      2. 1.10.2 Restraints

    11. 1.11 PESTLE Analysis

  2. 2. MARKET SEGMENTATION BY SERVICE

    1. 2.1 Pre-commissioning and Commissioning Services

    2. 2.2 Maintenance Services

    3. 2.3 Inspection Services

    4. 2.4 Decommissioning Services

Mexico Pipeline Services Market Size FAQs

The Mexico Pipeline Services Market is projected to register a CAGR of greater than 2.34% during the forecast period (2024-2029)

MasTec Inc., SGS SA, OCA Global, Intertek Group PLC and Fluor Corporation are the major companies operating in the Mexico Pipeline Services Market.

Mexico Pipeline Services Report Snapshots

Mexico Pipeline Services Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)