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ResearchAndMarkets offers new report on global pipeline and process services market 2019-2024

Published by , Editorial Assistant
World Pipelines,

The ‘Pipeline & Process Services Market by Asset Type (Pipeline: Transmission, Distribution; Process: FPS, Refinery & Petrochemical, Gas Storage & Processing), Operation, Region - Global Forecast to 2024’ report has been added to's offering.

The pipeline and process services market is projected to reach US$4 billion by 2024 from an estimated US$3.3 billion in 2019, at a CAGR of 4.3%.

Increasing demand for crude oil and natural gas, especially from the Asia Pacific region; increase in demand for safe, economical, and reliable connectivity; and high investments lined up for pipeline business are driving the pipeline and process services market. However, problems faced by cross-border oil and gas pipeline projects due to technical and political instability in the Middle East and Asia Pacific regions and shift towards renewable energy are expected to restrict the growth of the pipeline and process services market.

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