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Oil and Gas Integrity Market by Deployment (Onshore, Offshore) by Sector (Upstream, Midstream, Downstream)- Global Industry Overview, Market Intelligence, Future Prospects And Competitive Analysis, 2016 – 2028

Summary
Table Of Content

Market Insights

Oil and gas integrity services help track and monitor the performance of assets, improve safety plant safety, carry out routine and regular inspections, and much more. This includes services like inspecting, detecting, and preventing pipeline leaks, improving the reliability and efficiency of the equipment in use, and preventative maintenance. Onshore and Offshore are two significant types of Oil and Gas Integrity.

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The oil and gas integrity market uses equipment like cloud computing, sensor technologies, and much more to provide data analytics, fleet management, and predictive maintenance. This preventative maintenance is essential in pipelines carrying liquified natural gas as those are at higher risk due to their low temperatures at high pressures. Also, pipelines carrying natural gas usually corrode much faster than pipelines carrying other materials like water or crude oil.

There is considerable growth potential for the industry participants in the global Oil and Gas Integrity market in the years to come. The global Oil and Gas Integrity market is likely to extend growth opportunities that equal USD 182 billion for the period ranging between 2022 and 2028. The global Oil and Gas Integrity market is anticipated to post a CAGR of over 6.62% during the forecast period to generate yearly revenue of over USD 31,213 million in 2028 compared to USD 19,493 million in 2021.

Interesting Facts about the Oil and Gas Integrity Industry

As of now, there are over 2,380 operational oil & gas pipelines are there around the world
The combined length of worldwide oil & gas pipelines equals 1.18 million kilometers
North America accounted for a large share of total oil & gas pipelines installed worldwide
S. is the largest market for the Oil and Gas Integrity industry in 2021
Midstream had largest market share in revenue generation in 2021

Massive Investment in New Oil & Gas Pipelines to Dive the Demand for Oil and Gas Integrity

Upstream, Midstream, and Downstream are significant sectors where Oil and Gas Integrity solutions are deployed. Many different factors fuel the growth of the oil and gas integrity market. The first driving force is the enormous investments being made in the pipeline industry. There is a growing concern about the environmental impact of the oil and gas industry, which has led to growing government mandates and regulations over oil and gas pipelines. New safety and efficiency regulations will push the market forward as more manufacturers try to meet these more recent regulations.

Another significant driving factor of this industry is the depreciation of all assets in the oil and gas industry. This is because assets like pipelines, oil rigs, and offshore platforms are reaching the end of their designed lifecycle. But there is still a continued demand for oil and gas globally, which means all these assets will have to be repaired or replaced, which will grow this market over the forecasted period.

Efficient Asset Management Feature to Trigger the Demand for Oil and Gas Integrity

Also, there is a demand for newer, more optimized, automated oil and gas infrastructure. The oil and gas sector is moving towards modernizing its operations. The need for remote monitoring to minimize human involvement, which minimizes mistakes and manual errors, will also fuel this market over the years. There is a rising need for real-time data monitoring and asset integrity management services to improve the oil and gas industry’s overall production quality and volume.

The last major driving factor in this market will be the rise of exploration activities for finding new reserves and oilfields globally. In addition, oil prices are expected to rise in the forecasted period, increasing the number of oil field operations and investments in the industry. As a result, more and more independent exploration companies invest in oil and gas discovery and exploration services.

Russia – Ukraine War and Its Impact

Russia is one of the significant suppliers of oil & gas to Europe, and most of its export takes place through pipelines. The ongoing war has halted many new projects, including a new pipeline between Russia and Germany. Uncertainty about the economy and extending war are likely to affect the region’s growth rate of Oil and Gas Integrity.

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Volatile Prices to Offer Major Challenge to Growth of Oil and Gas Integrity

The biggest restraining factor of the oil and gas integrity market is the high volatility of oil and gas prices. These constant fluctuations in prices can hamper the growth of this market significantly. In addition, the lowered oil and gas prices have considerably reduced capital and investment spending by operators globally.

The rise of alternative energy solutions and technologies like solar, hydro, and wind significantly reduce the world’s dependency on oil and gas. In addition, the general public and manufacturers globally are working on making themselves as environmentally friendly as possible, which will significantly impact this market’s growth.

Intertek Group PLC, Oceaneering International Inc., Technip FMC, Aker Solutions ASA, Bureau Veritas SA, Genesis Oil & Gas Consultants Limited, Meridium Inc., Worley Parson Limited, Fluor Corporation, Applus RTD Group, EM&I Ltd, and ABS Consulting Inc. are major players operating in global Oil and Gas Integrity industry. North America dominated the demand for Oil and Gas Integrity in 2021. It can be attributed to the region’s most extended oil & gas pipeline installation. More than 40% of total oil & gas pipelines worldwide belong to North America. This, in turn, fuelling the demand for Oil and Gas Integrity in the region.

In comparison, Europe is sitting in the second position. There is a strong network of oil & gas pipelines between Russia and the Rest of Europe, as well as between Northern Europe and other European countries. On the other hand, Asia Pacific is growing in several oil & gas pipeline projects and will likely experience rising demand for Oil and Gas Integrity in the coming years.

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Oil and Gas Integrity Market

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Oil and Gas Integrity Market Value, 2016-2028, (US$ Bn)
3.2. Market Dynamics
3.2.1. Key Growth Trends
3.2.2. Major Industry Challenges
3.2.3. Key Growth Pockets
3.3. Attractive Investment Proposition,2021
3.3.1. Deployment
3.3.2. Sector
3.3.3. Geography
3.4. Porter’s Five Forces Analysis
3.4.1. Threat of New Entrants
3.4.2. Bargaining Power of Buyers/Consumers
3.4.3. Bargaining Power of Suppliers
3.4.4. Threat of Substitute Deployments
3.4.5. Intensity of Competitive Rivalry
3.5. Value Chain Analysis

4. Market Positioning of Key Players, 2021
4.1. Company market share of key players, 2021
4.2. Top 6 Players
4.3. Top 3 Players
4.4. Major Strategies Adopted by Key Players

5. COVID 19 Impact Analysis
5.1. Global Oil and Gas Integrity Market Pre Vs Post COVID 19, 2019 – 2028
5.2. Impact on Import & Export
5.3. Impact on Demand & Supply

6. North America
6.1. North America Oil and Gas Integrity Market, by Country, 2016-2028(US$ Bn)
6.1.1. U.S.
6.1.2. Canada
6.1.3. Mexico
6.2. North America Oil and Gas Integrity Market, by Deployment, 2016-2028(US$ Bn)
6.2.1. Overview
6.2.2. Onshore
6.2.3. Offshore
6.3. North America Oil and Gas Integrity Market, by Sector, 2016-2028(US$ Bn)
6.3.1. Overview
6.3.2. Upstream
6.3.3. Midstream
6.3.4. Downstream

7. Europe
7.1. Europe Oil and Gas Integrity Market, by Country, 2016-2028(US$ Bn)
7.1.1. UK
7.1.2. France
7.1.3. Germany
7.1.4. Italy
7.1.5. Russia
7.1.6. Ukraine
7.1.7. Spain
7.1.8. Belgium
7.1.9. Netherland
7.1.10. Austria
7.1.11. Sweden
7.1.12. Poland
7.1.13. Denmark
7.1.14. Switzerland
7.1.15. Rest of Europe
7.2. Europe Oil and Gas Integrity Market, by Deployment, 2016-2028(US$ Bn)
7.2.1. Overview
7.2.2. Onshore
7.2.3. Offshore
7.3. Europe Oil and Gas Integrity Market, by Sector, 2016-2028(US$ Bn)
7.3.1. Overview
7.3.2. Upstream
7.3.3. Midstream
7.3.4. Downstream

8. Asia Pacific
8.1. Asia Pacific Oil and Gas Integrity Market, by Country, 2016-2028(US$ Bn)
8.1.1. China
8.1.2. Japan
8.1.3. South Korea
8.1.4. India
8.1.5. Australia
8.1.6. New Zealand
8.1.7. Taiwan
8.1.8. Indonesia
8.1.9. Malaysia
8.1.10. Philippine
8.1.11. Rest of Asia Pacific
8.2. Asia Pacific Oil and Gas Integrity Market, by Deployment, 2016-2028(US$ Bn)
8.2.1. Overview
8.2.2. Onshore
8.2.3. Offshore
8.3. Asia Pacific Oil and Gas Integrity Market, by Sector, 2016-2028(US$ Bn)
8.3.1. Overview
8.3.2. Upstream
8.3.3. Midstream
8.3.4. Downstream

9. Latin America
9.1. Latin America Oil and Gas Integrity Market, by Country, 2016-2028(US$ Bn)
9.1.1. Brazil
9.1.2. Argentina
9.1.3. Peru
9.1.4. Chile
9.1.5. Colombia
9.1.6. Rest of Latin America
9.2. Latin America Oil and Gas Integrity Market, by Deployment, 2016-2028(US$ Bn)
9.2.1. Overview
9.2.2. Onshore
9.2.3. Offshore
9.3. Latin America Oil and Gas Integrity Market, by Sector, 2016-2028(US$ Bn)
9.3.1. Overview
9.3.2. Upstream
9.3.3. Midstream
9.3.4. Downstream

10. Middle East
10.1. Middle East Oil and Gas Integrity Market, by Country, 2016-2028(US$ Bn)
10.1.1. UAE
10.1.2.
10.1.3. KSA
10.1.4. Israel
10.1.5. Turkey
10.1.6. Iran
10.1.7. Rest of Middle East
10.2. Middle East Oil and Gas Integrity Market, by Deployment, 2016-2028(US$ Bn)
10.2.1. Overview
10.2.2. Onshore
10.2.3. Offshore
10.3. Middle East Oil and Gas Integrity Market, by Sector, 2016-2028(US$ Bn)
10.3.1. Overview
10.3.2. Upstream
10.3.3. Midstream
10.3.4. Downstream

11. Africa
11.1. Africa Oil and Gas Integrity Market, by Country, 2016-2028(US$ Bn)
11.1.1. South Africa
11.1.2. Egypt
11.1.3. Nigeria
11.1.4. Rest of Africa
11.2. Africa Oil and Gas Integrity Market, by Deployment, 2016-2028(US$ Bn)
11.2.1. Overview
11.2.2. Onshore
11.2.3. Offshore
11.3. Africa Oil and Gas Integrity Market, by Sector, 2016-2028(US$ Bn)
11.3.1. Overview
11.3.2. Upstream
11.3.3. Midstream
11.3.4. Downstream
12. Global
12.1. Global Oil and Gas Integrity Market, by Deployment, 2016-2028(US$ Bn)
12.1.1. Overview
12.1.2. Onshore
12.1.3. Offshore
12.2. Global Oil and Gas Integrity Market, by Sector, 2016-2028(US$ Bn)
12.2.1. Overview
12.2.2. Upstream
12.2.3. Midstream
12.2.4. Downstream

13. Company Profiles
13.1. Intertek Group PLC
13.2. Oceaneering International Inc.
13.3. Technip FMC
13.4. Aker Solutions ASA
13.5. Bureau Veritas S A
13.6. Genesis Oil & Gas Consultants Limited
13.7. Meridium Inc.
13.8. Worley Parson Limited
13.9. Fluor Corporation
13.10. Applus RTD Group
13.11. EM&I Ltd
13.12. ABS Consulting Inc.
13.13. Others

List of Figures
FIG. 1 Global Oil and Gas Integrity Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Oil and Gas Integrity Market Segmentation
FIG. 4 Global Oil and Gas Integrity Market, by Deployment, 2019 (US$ Bn)
FIG. 5 Global Oil and Gas Integrity Market, by Sector, 2021 (US$ Bn)
FIG. 6 Global Oil and Gas Integrity Market, by Geography, 2021 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Geography, 2021
FIG. 8 Global Market Positioning of Key Oil and Gas Integrity Market Manufacturers, 2019
FIG. 9 Global Oil and Gas Integrity Market Value Contribution, By Deployment, 2021 & 2028 (Value %)
FIG. 10 Global Oil and Gas Integrity Market, by Onshore, Value, 2016-2028 (US$ Bn)
FIG. 11 Global Oil and Gas Integrity Market, by Offshore, Value, 2016-2028 (US$ Bn)
FIG. 12 Global Oil and Gas Integrity Market Value Contribution, By Sector, 2021 & 2028 (Value %)
FIG. 13 Global Oil and Gas Integrity Market, by Midstream, Value, 2016-2028 (US$ Bn)
FIG. 14 Global Oil and Gas Integrity Market, by Upstream, Value, 2016-2028 (US$ Bn)
FIG. 15 Global Oil and Gas Integrity Market, by Downstream, Value, 2016-2028 (US$ Bn)
FIG. 16 U.S. Oil and Gas Integrity Market, 2016-2028 (US$ Bn)
FIG. 17 Rest of North America Oil and Gas Integrity Market, 2016-2028 (US$ Bn)
FIG. 18 U.K. Oil and Gas Integrity Market, 2016-2028 (US$ Bn)
FIG. 19 Germany Oil and Gas Integrity Market, 2016-2028 (US$ Bn)
FIG. 20 France Oil and Gas Integrity Market, 2016-2028 (US$ Bn)
FIG. 21 Italy Oil and Gas Integrity Market, 2016-2028 (US$ Bn)
FIG. 22 Spain Oil and Gas Integrity Market, 2016-2028 (US$ Bn)
FIG. 23 Russia Oil and Gas Integrity Market, 2016-2028 (US$ Bn)
FIG. 24 BENELUX Oil and Gas Integrity Market, 2016-2028 (US$ Bn)
FIG. 25 Poland Oil and Gas Integrity Market, 2016-2028 (US$ Bn)
FIG. 26 Austria Oil and Gas Integrity Market, 2016-2028 (US$ Bn)
FIG. 27 Rest of Europe Oil and Gas Integrity Market, 2016-2028 (US$ Bn)
FIG. 28 Japan Oil and Gas Integrity Market, 2016-2028 (US$ Bn)
FIG. 29 China Oil and Gas Integrity Market, 2016-2028 (US$ Bn)
FIG. 30 India Oil and Gas Integrity Market, 2016-2028 (US$ Bn)
FIG. 31 South Korea Oil and Gas Integrity Market, 2016-2028 (US$ Bn)
FIG. 32 Australia Oil and Gas Integrity Market, 2016-2028 (US$ Bn)
FIG. 33 Southeast Asia Oil and Gas Integrity Market, 2016-2028 (US$ Bn)
FIG. 34 Rest of Asia Pacific Oil and Gas Integrity Market, 2016-2028 (US$ Bn)
FIG. 35 Middle East & Africa Oil and Gas Integrity Market, 2016-2028 (US$ Bn)
FIG. 36 South Africa Oil and Gas Integrity Market, 2016-2028 (US$ Bn)
FIG. 37 Nigeria Oil and Gas Integrity Market, 2016-2028 (US$ Bn)
FIG. 38 Egypt Oil and Gas Integrity Market, 2016-2028 (US$ Bn)
FIG. 39 GCC Oil and Gas Integrity Market, 2016-2028 (US$ Bn)
FIG. 40 Israel Oil and Gas Integrity Market, 2016-2028 (US$ Bn)
FIG. 41 Latin America Oil and Gas Integrity Market, 2016-2028 (US$ Bn)
FIG. 42 Mechanicalzil Oil and Gas Integrity Market, 2016-2028 (US$ Bn)
FIG. 43 Argentina Oil and Gas Integrity Market, 2016-2028 (US$ Bn)
FIG. 44 Colombia Oil and Gas Integrity Market, 2016-2028 (US$ Bn)
FIG. 45 Peru Oil and Gas Integrity Market, 2016-2028 (US$ Bn)
FIG. 46 Chile Oil and Gas Integrity Market, 2016-2028 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Beauty Devices (Oil and Gas Integrity) Market
TABLE 2 Global Oil and Gas Integrity Market, by Deployment, 2016-2028 (US$ Bn)
TABLE 3 Global Oil and Gas Integrity Market, by Sector, 2016-2028 (US$ Bn)
TABLE 4 Global Oil and Gas Integrity Market, by Geography, 2016-2028 (US$ Bn)
TABLE 5 North America Oil and Gas Integrity Market, by Deployment, 2016-2028 (US$ Bn)
TABLE 6 North America Oil and Gas Integrity Market, by Sector, 2016-2028 (US$ Bn)
TABLE 7 North America Oil and Gas Integrity Market, by Country, 2016-2028 (US$ Bn)
TABLE 8 Europe Oil and Gas Integrity Market, by Deployment, 2016-2028 (US$ Bn)
TABLE 9 Europe Oil and Gas Integrity Market, by Sector, 2016-2028 (US$ Bn)
TABLE 10 Europe Oil and Gas Integrity Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 11 Asia Pacific Oil and Gas Integrity Market, by Deployment, 2016-2028 (US$ Bn)
TABLE 12 Asia Pacific Oil and Gas Integrity Market, by Sector, 2016-2028 (US$ Bn)
TABLE 13 Asia Pacific Oil and Gas Integrity Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 14 Latin America Oil and Gas Integrity Market, by Deployment, 2016-2028 (US$ Bn)
TABLE 15 Latin America Oil and Gas Integrity Market, by Sector, 2016-2028 (US$ Bn)
TABLE 16 Latin America Oil and Gas Integrity Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 17 Middle East Oil and Gas Integrity Market, by Deployment, 2016-2028 (US$ Bn)
TABLE 18 Middle East Oil and Gas Integrity Market, by Sector, 2016-2028 (US$ Bn)
TABLE 19 Middle East Oil and Gas Integrity Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 20 Africa Oil and Gas Integrity Market, by Deployment, 2016-2028 (US$ Bn)
TABLE 21 Africa Oil and Gas Integrity Market, by Sector, 2016-2028 (US$ Bn)
TABLE 22 Africa Oil and Gas Integrity Market, by Country/Region, 2016-2028 (US$ Bn)

Frequently Asked Questions

How COVID 19 Impacted Oil and Gas Integrity Market?

Like other industries, Oil and Gas Integrity market also suffered from COVID 19 pandemic which resulted into decline of over 8.46% in revenue generated in 2020

Which is the leading regional market for Oil and Gas Integrity?

North America is the largest regional market with highest share in the total volume of Oil and Gas Integrity consumed in 2021

What is the major growth driving factors for global Oil and Gas Integrity market?

Growing Oil and Gas pipeline across the world coupled with new safety guidelines and efficiency regulations is driving the demand for Oil and Gas Integrity

Which is major segment in Oil and Gas Integrity market by Deployment?

Onshore segment dominated the Oil and Gas Integrity market in 2021 with over 55% share

Which is major segment in Oil and Gas Integrity market by application?

Midstream segment was the largest application of Oil and Gas Integrity in 2021 with over 40% share

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