A recent report published by Infinium Global Research on pipeline
integrity market provides an in-depth analysis of segments and sub-segments in the
global as well as regional pipeline integrity market. The study also highlights
the impact of drivers, restraints, and macro indicators on the global and
regional pipeline integrity market over the short term as well as long term.
The report is a comprehensive presentation of trends, forecast and dollar
values of global pipeline integrity market. According to the report, the global
pipeline integrity market is projected to grow at a CAGR of 4.0% over the
forecast period of 2019-2025.
The primary concern of pipeline operators is to ensure continuously,
safe and consistent operation while improving asset integrity and operational
efficiency. Pipelines are a critical link in the oil and gas supply chain and
are the safest method of transportation to carry petroleum products to market.
Pipeline integrity is the application of selected engineering and management
disciplines to ensure that a pipeline performs in accordance with its
appropriate and planned functions. As the energy industry is preparing for a
consistent digital transformation, another big development for improving the
integrity of the pipeline systems by big data analytics is expected. As
measurement technologies and techniques have developed, the capability to
measure internal pipe corrosion and erosion directly has also developed.
Computational pipeline monitoring standard recommends the use of real-time
transient modeling as the most correct and consistent method for leak
Increasing demand for oil & gas and huge investment pool in
the pipeline business are the major driving factors of the pipeline integrity
market. Furthermore, factors such as government regulations for pipeline
assessment and safety of pipelines and energy infrastructure are also driving
the growth of the market. Rising investments in pipeline infrastructure and
advancements in the field of integrity management are fueling the growth of the
pipeline integrity market. The demand for pipeline development is increased due
to aggressive exploration projects around the world uncover new hydrocarbon
sources. However, cross-border pipelines and difficulty in pipeline assessment
are restraining market growth. Moreover, an introduction of the digital twin
technology in pipeline operation is expected to provide growth opportunities to
Geographically, North America dominates the global pipeline
integrity market due to the increasing shale gas & oil production and
favorable regulations related to the licensing of Exploration & Production
(E&P) activities. The United States has a highly integrated network of
pipelines for transferring natural gas throughout the continent.
The report on global pipeline integrity market covers segments
such as type, service, and applications. On the basis of type, the sub-markets
include oil, gas, and refined products. On the basis of service, the
sub-markets include testing services, monitoring services, inspection services,
and software services. On the basis of applications, the sub-markets include
onshore, and offshore.
The report provides profiles of the companies in the market such
as NDT Global, ROSEN Group, Baker Hughes, a GE Company, T. D. Williamson, Inc.,
SGS, Schneider Electric SE, Applus Services, Altus Intervention AS, EnerMech
Limited, The Emerson Electric Co., and other companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of pipeline
integrity market. Moreover, the study highlights current market trends and
provides forecast from 2019-2025. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.