Reliable Data You Can Trust
Reliable Data You Can Trust
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.
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
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.
Please Choose One of them.