According to the latest report by IMARC Group, titled “Global Pipeline Monitoring Systems Market Growth, Size, Share, Industry Trends, Opportunity and Forecast 2022-2027“, the global pipeline monitoring systems market reached a value of US$ 13.72 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 20.58 Billion by 2027 exhibiting a CAGR of 6.70% during 2022-2027.
Pipeline monitoring systems are advanced solutions that enable fast and accurate monitoring of internal corrosion and bacterial activity in pipelines. They collect samples without generating hazardous waste and provide precise data to meet regulatory monitoring requirements. They are widely used for pipeline risk evaluation, integrity monitoring, leak detection, analysis of chemical treatment programs, and evaluating operating conditions. They assist in enhancing productivity and production process, improving asset lifespan, ensuring safety and compliance, and mitigating the risks of potential disasters, such as fire and explosion. As a result, pipeline monitoring systems find extensive applications across the oil and gas, crude and refined petroleum, and water and wastewater industries.
|Base Year: 2021|
|Forecast Year: 2022-2027|
Pipeline Monitoring Systems Market Trends and Drivers:
The global pipeline monitoring systems market is primarily driven by the rising instances of pipe leakages, breaks, corrosion, or cracks in end use sectors. Additionally, several favorable initiatives undertaken by governments of various countries to ensure workplace safety, promote disaster management, and meet working standards have augmented the product demand.
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Furthermore, recent technological advancements, such as the integration of pipeline monitoring systems with pipeline inspection gauges (PIGs), magnetic flux leakage technology, smart ball, and communication solutions like supervisory control and data acquisition (SCADA) for remote management and efficient operations, have catalyzed the market growth.
Other factors, including the aging pipeline infrastructure, increasing oil and gas exploration activities, and ongoing research and development (R&D) activities, are also anticipated to drive the market further.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Pipeline Monitoring Systems Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
ABB Ltd., Honeywell International Inc., Huawei Technologies Co. Ltd., Orbcomm Inc., Pentair plc, PERMA-PIPE International Holdings Inc., PSI Software AG, Siemens AG, TC Energy Corporation, Thales Group and Xylem Inc.
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The report has segmented the market on the basis of region, pipe type, technology, application and end use industry.
Breakup by Pipe Type:
- Metallic Pipe
- Non-metallic Pipe
Breakup by Technology:
- Ultrasonic Testing
- Smart Ball
- Magnetic Flux Leakage Technology
- Pipeline Inspection Gauges (PIGs)
Breakup by Application:
- Leak Detection
- Pipeline Break Detection
- Operating Condition
Breakup by End Use Industry:
- Oil and Gas
- Water and Wastewater
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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