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Pipeline Monitoring System Market (Pipe Type - Metallic, Non-metallic, and Other Pipes; Technology - PIGs, Smart Ball, Ultrasonic, Magnetic Flux Leakage Technology, and Others; Application - Leak Detection, Operating Condition, Pipeline Break Detection, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : April, 2022

  • Rep Id : EIM0307

  • Category : Energy, Mining and Infrastructure

  • Status : Published

A recent report published by Infinium Global Research on the pipeline monitoring system market provides in-depth analysis of segments and sub-segments in the global as well as regional pipeline monitoring system market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional pipeline monitoring system market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global pipeline monitoring system market. According to the report, the global pipeline monitoring system market is projected to grow at a CAGR of 8.38% over the forecast period of 2021-2027. The pipeline monitoring system market growing from nearly USD 13.2 million in 2021 to about USD 21.5 million in 2027.

 

Market Insight

Pipeline Monitoring Systems are used to evaluate corrosion and bacteriological control programs, to collect samples without generating hazardous wastes, to provide on-line analysis of chemical treatment programs, to collect data that satisfies regulatory monitoring requirements, and for pipeline risk evaluation and integrity monitoring. Pipeline Monitoring Systems can be installed on new or existing lines both on and offshore. Permanent, portable, insulated and trailer-mounted systems are available. The pipeline monitoring system is done to monitor the increasing number of leakage of oil and gas in pipelines and storage tanks due to high pressure and natural disasters. Pipelines are considered the major globally recognized means of transporting petroleum products. These pipelines are usually damaged as a result of natural events (erosion, earthquakes, etc.) or due to third-party activities (explosions, drilling activities, vehicular movement, etc.)

 

The development of pipeline infrastructure, requires high costs, the demand for oil and gas is increasing in various countries. Due to the rising investment and increasing production and exploration activities occurring in oil and gas industries the will boost in the forecasting period. Lack of funding for the development of the aging infrastructure in developing and underdeveloped countries is likely to adversely affect the global pipeline monitoring system market in the near future. High cost, planning complexity, and lack of proper access routes are major drawbacks for these monitoring methods. Companies nowadays are focusing more on the implementation of physical security solutions such as aerial and ground surveillance and video surveillance to protect pipelines from terrorist attacks and sabotage. This growth in pipeline infrastructure will present lucrative opportunities for the market for monitoring system vendors in the coming years

 

North America is expected to dominate the global pipeline monitoring system market followed by Europe and Asia-Pacific. The growth in the North American region can be attributed to the continuous increase in oil & gas exploration & production activities in the region. The Asia-Pacific region is projected to grow at the highest CAGR due to the existence of developing nations such as India where a large number of pipelines are being laid down for the purpose of oil and gas and water transportation across the nations. The expansion of existing pipelines and development of new ones increased incidents of oil and gas leakages in pipelines and storage tanks at production facilities, and formulation of stringent regulations by the governments for the implementation of leak detection technologies and systems in different countries of APAC, and rapidly growing industrial sectors are expected to drive the market in APAC


Pipeline Monitoring System Market

 

Segment Covered

The report on global pipeline monitoring system market covers segments such as pipe type, technology, and application. On the basis of pipe type, the sub-markets include metallic, non-metallic, and other pipes. On the basis of technology, the sub-markets include PIGs, smart ball, ultrasonic, magnetic flux leakage technology, and others. On the basis of application, the sub-markets include leak detection, operating condition, pipeline break detection, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Siemens AG, Honeywell International Inc, Huawei Technologies Co. Ltd, BAE Systems, TransCanada PipeLines Limited, Perma Pipes, Atmos International, Pentair PLC, HollySys Automation Technologies, and Senstar Corporation.

 

Report Highlights:

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 the pipeline monitoring system market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. 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.


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