Pipeline Monitoring System Market by Technology (Ultrasonic Testing, PIGs, Smart Ball, and Others), and End-users (Oil & Gas, Manufacturing, Public Utilities, and Others) and Geography: Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026068 | Pages: 100 | Industry: Manufacturing and Construction | Date: Sep 2022 | Type: Global

The market crossed US$ 15.2 billion mark in 2022 and is expected to hit US$ 26.8 billion by 2030, recording a CAGR of 7.3% during the forecast period.

Pipeline Monitoring System Market has been significantly growing with Sustainable use of resources.

Developing pipeline infrastructure requires a significant and initial investment. Oil and gas reserves are depleting because of rising global energy demand. Businesses are keen to develop highly efficient facilities that will increase their lower operational expenses and production of technologies. Oil and gas businesses are forced to install monitoring systems throughout their infrastructure. Due to the increasing terrorist threats and cyber-attacks on oil and gas infrastructure systems, oil and gas operators worldwide have increased their spendings on infrastructure as well as network monitoring. Frequent accidents in gas facilities and refineries have occurred in Europe and the Middle East in last few years. Information and communication technologies such as Intelligent Video Surveillance (IVS), Human Machine Interface (HMI), Supervisory Control and Data Acquisition (SCADA), and Programmable Logic Controller are increasingly adopted in modern pipeline facilities. These technologies are creating an infrastructure of digital pipeline for oil and gas companies to manage and operate remotely. Therefore, corporations have increased their investments in network monitoring and are implementing comprehensive monitoring solutions to avoid making systems vulnerable to cyber-attacks and to safeguard networks

Within the report, the market is segmented by technology, end users and geography. By Technology, the market is further segmented into Ultrasonic Testing, PIGs, Smart Ball, and Others. Based on end user, the market is segmented into Oil & Gas, Manufacturing, Public Utilities, and others. Geographically, the market is sub-segmented into North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM) 

Growing adoption of metallic pipes in pipeline monitoring systems.

On the basis of pipe type, the metallic pipes segment have been analyzed to be the largest revenue generating segments in the pipeline monitoring system market. Stainless steel pipes, aluminum pipes, ductile iron pipes, and other types, such as corrugated pipes, cast-iron pipes, and copper pipes, are considered to be a part of metallic pipes. When these are treated with highly oxygenated water steam, iron-based pipes can become corrosive. Therefore, end-user industries choose steel-based pipes. Metallic pipes are also less corrosion resistant than non-metallic pipes and are more receptive to heat.

Get more information on this report :

The rapid adoption of coating equipment in North America

North America is the key market for pipeline monitoring systems. The region has been a global leader in product innovation, in terms of product quality and product end use. The rising activities in oil and gas exploration and production are driving up market demand for pipeline monitoring systems in North America. A rise in the number of pipelines across North American countries such as the US, Canada, and Mexico, has propelled oil and gas corporations, government bodies, and environmental organizations to work on prevention of oil spills, gas leaks, and other mishaps.

Recent strategic developments in the Pipeline monitoring system market

The  Pipeline monitoring system market has undergone several significant developments, and a few of these have been mentioned below:

  • In Aug 2022, CSNRI partnered with Inductosense Ltd., a leading monitoring company, to improve integrity management for repaired pipelines. This partnership will enable pipeline operators an enhanced pipe integrity solution to monitor wall thickness.
  • In Sept 2022, Universiti Teknologi Malaysia (UTM) and Ventura IoT Sdn. Bhd. collaborated in the field of Internet of Things (IoT), Communication Networks, Engineering and Technology. Ventura IoT Sdn. Bhd. is a solution provider of Systems Integration, Fiber Optic Sensing Solutions, Pipeline Integrity Monitoring System, Surveillance Systems, Fire & Gas Systems, High-Level Security Systems and IOT
  • In April 2022, the company Weir Minerals launched Synertrex IntelliWear, a new digital wear monitoring system for spools and hoses in slurry pipelines. The solution enables mine sites to monitor the condition and wear performance of their hoses and spools via a network of smart sensors connected to their Digital Control System.

The Pipeline monitoring system market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Bae Systems, Inc., Huawei Technologies Co. Ltd., Pentair PLC, Orbcomm Inc., Transcanada Company, PSI AG, Pure Technologies, Honeywell International Inc., Perma Pipe Inc., and Siemens AG. are among the prominent players operating in the market.

The target audience for the report:

  • Pipeline monitoring system providers
  • Pipeline monitoring system -related service providers
  • Pipeline monitoring system manufacturers
  • Pipeline monitoring system -related organizations and alliances
  • Venture capitalists, private equity firms, and start-up companies
  • Pipeline monitoring system component suppliers
  • Pipeline monitoring system distributors and sales firms
  • End users of Pipeline monitoring system

Scope of the report:

In this report, the market has been segmented based on:

  • Based on Technology:
    • Ultrasonic
    • PIGs
    • Smart Ball
    • Magnetic Flux Leakage
    • Fiber Optic Technology
    • Others
  • Based on End-use Industry:
    • Crude & Refined Petroleum
    • Water & Wastewater
    • Others
  • Region
    • North America
    • Europe
    • APAC
    • Middle East & Africa
    • South America
  • Companies profiled
    • Bae Systems, Inc.
    •  Huawei Technologies Co. Ltd.
    • Pentair PLC, Orbcomm Inc.
    •  Transcanada Company
    •  PSI AG
    • Pure Technologies
    • Honeywell International Inc.
    • Perma Pipe Inc.
    • Siemens AG

Companies profiled

- Bae Systems, Inc.

- Huawei Technologies Co. Ltd.

- Pentair PLC, Orbcomm Inc.

- Transcanada Company

- PSI AG

- Pure Technologies

- Honeywell International Inc.

- Perma Pipe Inc.

- Siemens AG

Report Code
Full Name
Country Name
Email Id
Phone Number
Job Title
Company
Requirement

Note : Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.


Purchase Options
Single User License
$1500
Site License
$2500
Enterprise License
$3500