The latest report on the Pipeline Monitoring System Market is 250 pages long and includes a number of tables and figures. This report covers the period from 2023 to 2030 and offers valuable insights into the market landscape.
Global pipeline monitoring system market to reach USD 20.6 billion by 2027. Global pipeline monitoring system market is valued approximately at USD 12.2 billion in 2020 and is anticipated to grow with a healthy growth rate of about 7.8% over the forecast period 2021-2027.
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Pipeline monitoring system is used to evaluate bacteriological and corrosion control programs, offer online analysis of chemical treatment program, collect samples without hazardous waste generation, to collect data for pipeline risk evaluation and integrity monitoring as well as satisfies regulatory monitoring requirements. These monitoring systems can be installed on existing or new lines both offshore and onshore. The global pipeline monitoring system market is being driven by increase in the number of oil & gas leakage incidences/ accidents and increasing maintenance and government regulations for pipeline safety and monitoring. Furthermore, augmented demand of pipeline monitoring due to increase in pipeline infrastructure will provide new opportunities for the global pipeline monitoring system industry.
Also, market players across the globe are undertaking a range of strategic initiatives in order to strengthen their presence in the market which offers growth prospects for the market. For instance, in 2021, TC PipeLines, LP (TCP) and TC Energy Corporation (TC Energy) completed the merger pursuant (to plan and agreement of merger) dated December 14, 2020. With this merger, TC Energy aims to acquire all publicly held common units of TC PipeLines and become wholly owned, indirect subsidiary of TC Energy. Also, in 2019, PERMA-PIPE International Holdings establishes new subsidiary, Perma-Pipe Egypt and announced plans to establish a new production facility in Beni Suef. This expansion was undertaken with the intent to meet the increasing demand for the containment piping and leak detection systems of the company in Egypt. Such factors are expected to supplement the market growth. However, lack of apprehensions about monitoring system implementation by operators may impede market growth over the forecast period of 2021-2027.
The regional analysis of the global pipeline monitoring system market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific accounts for the largest share in terms of market revenue in the global pipeline monitoring system market over the forecast period 2021-2027. Factors such as product innovation, increasing oil & gas exploration and production activities, etc. contribute towards the largest market share of the region in the forecast years
Key Companies Covered in the Pipeline Monitoring System Market Research are Orbcomm Inc., Transcanada Pipelines Limited, Honeywell International Inc., PSI Software AG, Siemens AG, Huawei Technologies Co. Ltd., BAE Systems, Pure Technologies, C-FER Technologies, Perma-Pipe and other key market players.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Pipe Type:
Metallic
Non-Metallic
Others
By Solution:
Leak Detection
Pipeline Break Detection
Operating Condition
Others
By Technology:
Ultrasonic
PIGs
Smart Ball
Magnetic Flux Leakage
Fiber Optic Technology
Others
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By End-Use Industry:
Crude & Refined Petroleum
Water & Wastewater
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Core Chapters:
Chapter 1: Introduction: This chapter outlines the scope of the report and provides an executive summary of the different market segments, including the market size, future development potential, and evolution of the market in the short to mid-term and long term.
Chapter 2: Competitive Landscape: Here, we conduct a detailed analysis of the competitive landscape of market manufacturers, including price, output, and revenue market share, latest development plans, mergers, and acquisition information.
Chapter 3: Production and Value Analysis: This chapter provides a quantitative analysis of the production/output and value of market by region/country, identifying the market size and development potential of each region in the next six years.
Chapter 4: Consumption Analysis: We analyze the consumption of market in different regions and countries, introducing the market development, future prospects, market space, and capacity of each country in the world.
Chapter 5: Product Segment Analysis: This chapter provides an analysis of various market segments according to product type, covering the market size and development potential of each market segment.
Chapter 6: Application Segment Analysis: We analyze various market segments according to application, covering the market size and development potential of each market segment.
Chapter 7: Company Profiles: This chapter provides detailed profiles of key players in the market, including product production/output, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Industrial Chain Analysis: Here, we analyze the industrial chain, including the upstream and downstream of the industry.
Chapter 9: Sales Channel Analysis: We analyze the sales channel, distributors, and customers in this chapter.
Chapter 10: Market Dynamics Analysis: This chapter introduces the market dynamics, latest developments, driving factors, restrictive factors, challenges, and risks faced by manufacturers in the industry, along with an analysis of relevant policies.
Chapter 11: Production and Supply Forecast: We provide a production and supply forecast for the global and regional market.
Chapter 12: Consumption and Demand Forecast: This chapter provides a consumption and demand forecast for the global and regional market.
Chapter 13: Type and Application Forecast: We provide a quantitative analysis of the market size and development potential of each market segment in the next six years.
Chapter 14: Conclusion: Finally, we present the main points and conclusions of the report, providing readers with a comprehensive understanding of the market and its potential growth prospects.
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