Market Size of MEA Pipeline Maintenance Industry
| 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 |
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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 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 |
MEA Pipeline Maintenance Market Size Summary
The Middle East & Africa Pipeline Maintenance market is poised for growth, driven by increasing domestic natural gas demand, aging infrastructure, and the expansion of oil and gas production from unconventional reserves. Despite the challenges posed by high construction costs and project delays, the market is expected to benefit from the rise in offshore exploration and production projects. These developments are anticipated to create significant opportunities for market players. The pigging segment, which involves the maintenance of both new and old pipelines, is expected to hold a substantial share of the market. This segment's growth is fueled by the need to transport refined products and the increasing demand for pipeline repair and maintenance services, particularly in regions with high concentrations of impurities from unconventional offshore reserves.
Saudi Arabia plays a pivotal role in the pipeline maintenance market within the region, given its status as a leading crude oil producer and exporter. The country's extensive pipeline network, including the Master Gas System, supports its growing natural gas demand, especially for petrochemical feedstock. The ongoing expansion of this system, along with the development of shale gas reserves, presents significant growth potential for the pipeline maintenance sector. Key players in the fragmented market include OLEUM Process & Pipeline Services, Arabian Pipes Company, and others, who are actively involved in various projects to enhance pipeline infrastructure and maintenance capabilities. Recent developments, such as Seplat Petroleum Development Company's new pipeline and Aramco's lease and leaseback deal, underscore the dynamic nature of the market and its potential for future expansion.
MEA 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 2028
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 Porter's Five Forces Analysis
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1.7.1 Bargaining Power of Suppliers
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1.7.2 Bargaining Power of Consumers
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1.7.3 Threat of New Entrants
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1.7.4 Threat of Substitutes Products and Services
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1.7.5 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 UAE
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2.3.2 Algeria
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2.3.3 Nigeria
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2.3.4 Saudi Arabia
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2.3.5 Rest of Middle East & Africa
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MEA Pipeline Maintenance Market Size FAQs
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.
