Uploaded on Apr 22, 2021
The global pipeline monitoring systems market size is projected to reach over USD 7 billion by 2025. Pipelines are long, narrow tubes which carry fluids in a gaseous or liquid state. These pipelines are placed in hazardous and different extreme weather conditions which in turn actuates the demand for pipeline monitoring system in order to detect damages, leakages; and other defects.
Pipeline Monitoring System Market: Key Growth Drivers, Challenges, Opportunities and Future Developments 2021-2027
Adroit Market Research
Pipeline Monitoring System Market
by Technology (Ultrasonic, Smart Ball, Magnetic Flux, PIG’s, Fiber
Optic), Pipe Type (Metallic, Non Metallic, Others), End-User
Industry (Crude & Refined Petroleum, Water & Waste Water,
Others), Solution (Operating Condition, Leak Detection, Pipeline
Leak Detection, Others), and Region, Global Forecasts 2018 to 2025
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Adroit Market Research
Growing Focus Toward Sustainable Consumption Of Fossil Fuels Along
With Regulatory Mandates For Pipeline Safety Is Driving The Pipeline
Monitoring Systems Market Growth
• Rising oil & gas demand from developing countries, coupled with the ongoing proliferation across
automation and Internet of Thing (IoT) will stimulate the global pipeline monitoring systems
industry
• The global pipeline monitoring systems market size is projected to reach over USD 7 billion
by 2025. Pipelines are long, narrow tubes which carry fluids in a gaseous or liquid state. These
pipelines are placed in hazardous and different extreme weather conditions which in turn actuates
the demand for pipeline monitoring system in order to detect damages, leakages; and other
defects. The objective of pipeline monitoring inspection is to locate the exact affected area along
with the formulation of a solution; in order to reduce the hazards from the leakage. Furthermore,
electrical measurements are recorded to detect accurate location of defected areas across the
pipelines. Rising technological advancements along with growing automation across the
technology are anticipated to escalate the overall pipeline monitoring system in the coming years.
• Increasing focus to prevent oil & gas leakages in pipes & storage tanks due to external and internal
factor is driving the industry outlook. Shifting focus on innovative production of fuel and operation
for pipeline monitoring, contributing for safe and secure transportation of fuel has reinforced the
industry growth. Furthermore, strict government policies for safe and secure monitoring coupled
with a focus toward integration of upgrade technology will further proliferate the pipeline
monitoring industry size.
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https://www.adroitmarketresearch.com/industry-reports/pipeline-monitoring-system-market
Adroit Market Research
Growing Focus Toward Sustainable Consumption Of Fossil Fuels Along With
Regulatory Mandates For Pipeline Safety Is Driving The Pipeline Monitoring
Systems Market Growth
• The report also throws light on various aspects of the global pipeline monitoring system industry by
assessing the market using value chain analysis. The report covers several qualitative aspects of
the pipeline monitoring system industry in market drivers, market restraints and key industry
trends. Furthermore, the report provides an in-depth assessment of the market competition with
company profiles of global as well as local vendors.
• The pipeline monitoring systems market holds a strong competition among the well-established and
new emerging players. These market players target to gain a competitive advantage over the other
players by participating in partnerships, mergers, and acquisitions and expanding their businesses.
• The pipeline monitoring systems market is categorized into ultrasonic, smart ball, PIG’s, and fiber
optic on the basis of technology. The smart ball segment is expected to expand at a growth rate of
over 7% over the forecast period on account of its rising demand from oil & gas sector. Long service
and easy installation are the prime features which are expected to catapult the industry size over
the forecast timeframe.
• The major players operating across the global pipeline monitoring systems market include
Honeywell International, Siemens AG, BAE, ABB group, Schneider, Pure technology, GE, Perma
Pipes, TransCanada Pipelines Ltd., Orbcomm Inc., Huawei, Pentair PLC, Atmos International, Senstar
Inc., Syrinix, and Future Fiber technologies, including others. The industry for pipeline monitoring
systems is integrated with the participation of established global players across the globe. In
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inorganic as well as organic strategies which in turn is proliferating the business outlook.
Adroit Market Research
Segment overview of pipeline monitoring systems market
Technology Overview, 2018-2025, (USD Million)
• Ultrasonic
• Smart Ball
• Magnetic Flux
• PIG's
• Fiber Optic
Pipe Type Overview, 2018-2025, (USD Million)
• Metallic Pipes
• Stainless Steel Pipes
• Ductile Iron Pipes
• Aluminum Pipes
• Other Metal Pipes
• Non-Metallic Pipes
• Plastic Pipes
• Glass Pipes
• Others
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Adroit Market Research
Segment overview of pipeline monitoring systems market
End-User Overview, 2018-2025, (USD Million)
• Crude & Refined Petroleum
• Oil
• Natural Gas
• Biofuel
• Water & Waste Water
• Others
Solution Overview, 2018-2025, (USD Million)
• Operating Condition
• Leak Detection
• Pipeline Leak Detection
• Others
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