The pipeline monitoring systems market growth is driven by the increased oil & gas leakages, stringent government regulations concerning safety & monitoring, and growth in prevention of large storage tanks from natural disasters. In addition, high investments made in pipeline infrastructure are expected to propel the pipeline monitoring systems market growth. However, political instability is expected to hamper the pipeline monitoring systems market growth.
Pipeline monitoring systems are used to collect samples without production of hazardous waste and thus take precautionary measures for both onshore and offshore oil fields.
The global pipeline monitoring systems market is segmented on the basis of pipe, technology, end user, and geography. Based on pipe type, itis bifurcated into metallic and non-metallic pipe. By technology, itis categorized into ultrasonic testing, pipeline inspection gauges (PIGs), smart ball, magnetic flux leakage technology, and others.
The pipeline monitoring systems market is analyzed across four regions, namely, North America, Europe, Asia-Pacific, and LAMEA. North America is expected to dominate the global market during the analysis period, due to the presence of large number of pipeline networks. In addition, North America is preventing pipelines from terrorist attacks and other uncertain disasters, thereby investing high amounts on pipeline safety and monitoring systems. The market in Asia-Pacific is expected to grow at a significant rate due to upcoming pipeline projects undertaken by China, Japan, Malaysia, and India among others.
The report includes comprehensive analysis of the key players in this pipeline monitoring systems market such as Orbcomm Inc., Transcanada Company, PSI AG, Pure Technologies, Honeywell International Inc., Perma Pipe Inc., Siemens AG, Huawei Technologies Co. Ltd., BAE Systems, Inc., and Pentair PLC.
The other prominent players in the pipeline monitoring systems industry include Atmos International, Clampon AS, ABB Group, Future Fibre Technologies, Senstar Inc., Syrinix, Radiobarrier, TTK, Krohne Group, and Thales Group.
KEY BENEFITS FOR STAKEHOLDERS
The report includes an in-depth analysis of the global pipeline monitoring systems market along with the current trends, drivers, restraints, and growth opportunities.
Porter’s Five Forces model of the market illustrates the potency of buyers and sellers to formulate effective growth strategies.
Key market players and their strategies are provided.
The current trends are quantitatively analyzed and estimated from 2017 to 2023 to highlight the financial competency of the market.
KEY MARKET SEGMENTS
Magnetic Flux Leakage Technology
By End User
Water & Wastewater
Rest of Europe
Rest of Asia-Pacific
Honeywell International Inc.
Huawei Technologies Co. Ltd.
BAE Systems, Inc.
OTHER PLAYERS IN THE MARKET
Future Fibre Technologies
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
188.8.131.52. Secondary research
184.108.40.206. Primary research
220.127.116.11. Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE
CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top impacting factors
3.2.2. Top winning strategies
3.2.3. Top investment pockets
3.3. PORTERS FIVE FORCES ANALYSIS
3.4. MARKET SHARE ANALYSIS, 2016
3.5. MARKET DYNAMICS
18.104.22.168. Increased oil & gas leakages
22.214.171.124. Stringent government regulations
126.96.36.199. Increased need of preventing storage tanks
188.8.131.52. Political instability
184.108.40.206. Increased investments in pipeline infrastructure
CHAPTER 4 PIPELINE MONITORING SYSTEMS MARKET, BY PIPE
4.1.1. Market size and forecast
4.2. METALLIC PIPE
4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast
4.3. NON-METALLIC PIPE
4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast
CHAPTER 5 PIPELINE MONITORING SYSTEMS MARKET, BY TECHNOLOGY
5.1.1. Market size and forecast
5.2. ULTRASONIC TESTING
5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast
5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast
5.4. SMART BALL
5.4.1. Key market trends
5.4.2. Key growth factors and opportunities
5.4.3. Market size and forecast
5.5. MAGNETIC FLUX LEAKAGE TECHNOLOGY
5.5.1. Key market trends
5.5.2. Key growth factors and opportunities
5.5.3. Market size and forecast
5.6.1. Key market trends
5.6.2. Key growth factors and opportunities
5.6.3. Market size and forecast
CHAPTER 6 PIPELINE MONITORING SYSTEMS MARKET, BY END USER
6.1.1. Market size and forecast
6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size and forecast
6.3. WATER & WASTEWATER
6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast
6.4.1. Key market trends
6.4.2. Key growth factors and opportunities
6.4.3. Market size and forecast
CHAPTER 7 PIPELINE MONITORING SYSTEMS MARKET, BY GEOGRAPHY
7.1.1. Market size and forecast
7.2. NORTH AMERICA
7.2.1. Key market trends
7.2.2. Key growth factors and opportunities
7.2.3. Market size and forecast
7.3.1. Key market trends
7.3.2. Key growth factors and opportunities
7.3.3. Market size and forecast
220.127.116.11. Rest of Europe
7.4.1. Key market trends
7.4.2. Key growth factors and opportunities
7.4.3. Market size and forecast
18.104.22.168. South Korea
22.214.171.124. Rest of Asia-Pacific
7.5.1. Key market trends
7.5.2. Key growth factors and opportunities
7.5.3. Market size and forecast
126.96.36.199. Latin America
188.8.131.52. Middle East
CHAPTER 8 COMPANY PROFILES
8.1. ORBCOMM INC.
8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Operating business segments
8.1.4. Product portfolio
8.1.5. Business performance
8.1.6. Key strategic moves & developments, 2014-2016
8.2. TRANSCANADA COMPANY
8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Operating business segments
8.2.4. Product portfolio
8.2.5. Business performance
8.2.6. Key strategic moves & developments, 2014-2016
8.3. PSI AG
8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Operating business segments
8.3.4. Product portfolio
8.3.5. Business performance
8.3.6. Key strategic moves & developments, 2014-2016
8.4. PURE TECHNOLOGIES
8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Operating business segments
8.4.4. Product portfolio
8.4.5. Business performance
8.4.6. Key strategic moves & developments, 2014-2016
8.5. HONEYWELL INTERNATIONAL INC.
8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Operating business segments
8.5.4. Product portfolio
8.5.5. Business performance
8.5.6. Key strategic moves & developments, 2014-2016
8.6. PERMA PIPE INC.
8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Operating business segments
8.6.4. Product portfolio
8.6.5. Business performance
8.6.6. Key strategic moves & developments, 2014-2016
8.7. SIEMENS AG
8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Operating business segments
8.7.4. Product portfolio
8.7.5. Business performance
8.7.6. Key strategic moves & developments, 2014-2016
8.8. HUAWEI TECHNOLOGIES CO. LTD.
8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Operating business segments
8.8.4. Product portfolio
8.8.5. Business performance
8.8.6. Key strategic moves & developments, 2014-2016
8.9. BAE SYSTEMS, INC.
8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Operating business segments
8.9.4. Product portfolio
8.9.5. Business performance
8.9.6. Key strategic moves & developments, 2014-2016
8.10. PENTAIR PLC
8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Operating business segments
8.10.4. Product portfolio
8.10.5. Business performance
8.10.6. Key strategic moves & developments, 2014-2016
The factors that drive the growth of the pipeline monitoring systems market are increased oil & gas leakages, government regulations concerning safety, and higher need to prevent storage tanks from natural disasters. In addition, high investments in pipeline infrastructure acts as an opportunity to the pipeline monitoring systems market growth. However, political instability is expected to impede the market growth. Innovative production for pipeline monitoring fuels the global pipeline monitoring systems market growth. Many oil & gas companies prefer ultrasonic testing technology as it detects small & large leakages, which generated highest revenue in 2016.
Non-metallic pipe is the most commonly used pipe in the pipeline monitoring systems industry as it costs lower than the metallic pipe and requires low maintenance. However, metallic pipes are expected to exhibit the highest growth rate such pipe types are stronger and more fracture resistant than non-metallic pipes. Therefore, several petroleum companies use metallic pipes for better transmission of water and sewage.
The end users of the pipeline monitoring systems industry are petroleum, water & wastewater, and others. The petroleum industry generated the highest revenue in 2016, and is expected to maintain this trend during the forecast period. With the growing focus towards pipeline safety and monitoring in petroleum sector, the industry is expected to grow at the notable rate by 2023.
Asia-Pacific is expected to grow at the highest CAGR of 9.4%, owing to the increased investments in pipeline infrastructure in countries, such as China, Japan, and India among others. However, LAMEA is the second highest growing region due to strong growth in oil & gas sector in the Middle East and Africa, which has further led to expansion of pipeline network.
Key Findings of the Pipeline Monitoring Systems Market:
LAMEA is projected to be the second highest growing region in the global pipeline monitoring systems market, in terms of revenue, registering a CAGR of 8.7% from 2017 to 2023.
Smart ball witnessed significant growth in 2016, and is anticipated to grow at the highest CAGR of 9.2%.
Non-metallic pipe was the highest revenue contributor to the market with 67.0% share in 2016, and is expected to maintain its dominance throughout the forecast period.
Petroleum industry in the pipeline monitoring systems market generated the highest revenue in 2016, and is expected to grow at a CAGR of 6.1%.
The key pipeline monitoring systems industry players profiled in the report include Orbcomm Inc., Transcanada Company, PSI AG, Pure Technologies, Honeywell International Inc., Perma Pipe Inc., Siemens AG, Huawei Technologies Co. Ltd., BAE Systems, Inc., and Pentair PLC.
- Orbcomm Inc.
- Transcanada Company
- PSI AG
- Pure Technologies
- Honeywell International Inc.
- Siemens AG
- Huawei Technologies Co. Ltd.
- BAE Systems, Inc.
- Pentair PLC.
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.