Helical Pile in Oil and Gas Industry Market

Helical Pile in Oil and Gas Industry Market Synopsis

Helical Pile in Oil and Gas Industry Market Size Was Valued at USD 390.10 Million in 2023, and is Projected to Reach USD 513.46 Million by 2032, Growing at a CAGR of 3.10 % From 2024-2032.

Helical piles or helical piers, are deep foundation systems employed in the oil and gas sector where the ground is weak or unsuitable in one way or the other to support structures. These piles involve a steel shaft with helical plates that are screwed into the ground and give an immediate fully-loaded load-bearing capacity. They are flexible and easy to install in various soil types; thus, suitable for several oil and gas activities, such as exploration, drilling, and production. 

The market for Helical Pile is growing in the oil and gas industry as the infrastructure project has increased and customers want economical, efficient and intelligent foundation system. These piles can be installed comparatively easily minimizing the interference with the surrounding ground, which makes sense in hard-to-reach locations in onshore and offshore oil and gas development. The global market is ever growing given the fact that oil and gas companies are currently we’re focusing on adopting sustainable and efficient construction solutions.

North America region presently dominates the overall consumption, due to the growing demand from countries including United States of America and Canada, engaged in drilling and production operations. Europe and Asia Pacific stands second in terms of growth because the energy requirements for foundations have gone up and several modern technologies have emerged in the recent past. The development in the market is motivated by high demand for dependable solutions in the treatment of oil and gas applications to monitor, reduce, and mitigate adverse effects on the environment and obtain lasting structures.

Helical Pile in Oil and Gas Industry Market Outlook, 2023 and 2032: Future Outlook

Helical Pile in Oil and Gas Industry Market Trend Analysis

Shifting Focus to Offshore Applications and Automation

The latest trend that is emerging in the global Helical Pile market, especially the system of foundation, is its propensity for adoption in the offshore oil and gas business. Marine applications require durable and long-lasting support systems, and largely owing to the need to provide stable foundations for offshore oil rigs and platforms, corrosion-resistive materials and methods of pile installation have over time been developed for helical piles. Increased exploration of in-accessible areas is also a factor that is making contractors to opt for the helical piles since the construction method does not require many tools and equipment.

The last but not the least unique trend is digitization and automation in installation process. It is possible to increase accuracy, decrease the time necessary to install structures and, in general, bring the price down due to the usage of complex equipment and sensors. This trend is expanding the usage of helical piles in multiple large-scale projects and greatly helping the market.

Rising Demand for Efficient and Sustainable Foundation Systems

The 3 major factors inspiring the Helical Pile market are the advancement of infrastructure demand and the rising requirement for foundation solutions in the oil and gas industry. With the expansion of new and greater end applications of the oil and gas projects especially in hard-to-access areas or hostile environments like remote and deep-water offshore structures, there is a great increase in the need for cost effective and efficient ground improvement solutions like the helical piles. These solutions offer significant superiorities in viewpoints of installation efficiency, influence to environment, and offered load-carrying capacity in various type of soil.

Moreover, the raising trend of sustainability in the oil and gas industry is encouraging the use of helical piles. They are quite unique in that the installation of these systems disturbs the environment least as compared to other general foundation systems. This environmental aspect is turning out to be more sensitive due to the increasing measures being placed by firms and governments on environmentally sustainable energy production.

Challenges with Market Adoption and Technological Transition

However, there is still some restriction in the market of Helical Pile, especially in some areas where the traditional pile foundations construction method are highly popular in the industries. In some industries, the companies may fear to adopt the helical piles because they can be costly to change to newer technology or the companies may not know much about the system. In addition, the application of helical piles can be restrained in selected geotechnical conditions, since not all ground types are appropriate for such piles.

This is due to the relatively high cost of materials and installation equipment which may discourage some of the small or financially constrained oil and gas firms from using helical piles. In the same respect, despite the advantages of increased product durability and lower costs over the long run, the initial capital expenses can be mis-estimated by many organizations with capital constraints especially when dealing with developing markets or relatively small projects.

Expanding Market Potential in Asia Pacific and the Middle East

The market has the potential to grow especially in the Asia Pacific and Middle Eastern regions due to high growth of the oil and gas markets. These areas are experiencing growing exploration and production activities thus the need for well-suited foundation systems required for operation in harsh environments. Growing energy demand and development towards sustainability also presents new opportunities for market players: these are the regions where there is an increasing use of helical piles as more and more constructions require additional energy sources and move to helical piles foundation.

One of the critical opportunities is strictly connected with the tendencies for getting technological progress. Research on development of better material for fabricating helical piles also gives a future technological innovation including corrosion-resistant alloys and environmentally friendly material for helical pile coatings. Those industries which will be able to incorporate these developments in their products may have a competitive advantage especially in onshore projects where the conditions are unfavorable for foundation systems.

Helical Pile in Oil and Gas Industry Market Segment Analysis

Helical Pile in Oil and Gas Industry Market Segmented on the basis of By Type, By Application and By End-Use.

By Type

o   Screw Piles

o   Disc Piles

o   Helical Pier Foundations

By End Use

o   Exploration

o   Drilling

o   Production

By Application

o   Onshore

o   Offshore

By Region

o   North America (U.S., Canada, Mexico)

o   Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

o   Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

o   Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)

o   Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

o   South America (Brazil, Argentina, Rest of SA)

By Type, Screw Piles segment is expected to dominate the market during the forecast period

The Helical Pile market in the oil and gas industry is segmented into three primary types: Screw piles also known as disc piles and helical pier foundations are innovative and efficient foundation systems. Screw piles are the most frequent type and widely applied in different utilizations since this kind of piles has a great load-carrying capacity and is transferred easily. Disc piles, on the other hand, are expected to be used in hostile soil conditions and offer higher values of resistance to lateral load. Helical pier supports are often utilised in large structures where more load-bearing capacity is required including; oil rigs and explorations.

By Application, Onshore segment expected to held the largest share 

The market is also divided based on its application including Onshore and Offshore. Onshore application is mainly used with oil and gas exploration and production in onshore terrains while offshore is used with marine based rigs and platforms such as those depicted below. In onshore application, application of these piles is characterized by easy installation and provision of flexibility while in offshore application additional considerations like use of special coat on piles due to corrosive nature of sea water prevalent.

Helical Pile in Oil and Gas Industry Market Regional Insights

North America is Expected to Dominate the Market Over the Forecast period 

North America is the most commanding market for Helical Pile in the oil and gas sector based on exploration, drilling, and production activities conducted in the region. U.S. and Canada has many companies of oil and gas industries and many of such Industries require helical piles for their foundations such as on shore oil rig and off shore structures. This gives this region a competitive advantage since many innovations in pile installation techniques and other factors such as economical and suitable legislation on sustainable solutions are experienced here.

The increasing need for energy and the pace of industrialization in North American countries also makes it a leader of the market. Thirdly, the focus is placed on the development of innovation, and the implementation of new technologies in construction continuously supports the given geographical sector’s leadership in the global Helical Pile market.

Helical Pile in Oil and Gas Industry Market Share, by Geography, 2023 (%)

Active Key Players in the Helical Pile in Oil and Gas Industry Market

o   Atlas Foundation Company (USA)

o   Chance Civil Construction (USA)

o   Earth Anchors (New Zealand)

o   Foundation Supportworks (USA)

o   Helical Anchors (Australia)

o   Helical Pile Solutions (Canada)

o   Helical Pile World (USA)

o   O'Neill Contracting (USA)

o   Southern Foundations (Canada)

o   Terra Firma Foundations (UK)

o   Other key Players

Global Helical Pile in Oil and Gas Industry Market Scope