Amid the COVID-19 crisis, the global market for Pipeline Monitoring Systems estimated at US$5.3 Billion in the year 2020, is projected to reach a revised size of US$7.9 Billion by 2027, growing at a CAGR of 5.9% over the analysis period 2020-2027.Ultrasonic, one of the segments analyzed in the report, is projected to grow at a 6.6% CAGR to reach US$1.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the PIGs segment is readjusted to a revised 5.5% CAGR for the next 7-year period. This segment currently accounts for a 27.7% share of the global Pipeline Monitoring Systems market.
The U. S. Accounts for Over 27.1% of Global Market Size in 2020, While China is Forecast to Grow at a 9.1% CAGR for the Period of 2020-2027
The Pipeline Monitoring Systems market in the U. S. is estimated at US$1.4 Billion in the year 2020. The country currently accounts for a 27.07% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$1.7 Billion in the year 2027 trailing a CAGR of 9.1% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR while Rest of European market (as defined in the study) will reach US$1.7 Billion by the year 2027.
Smart Ball Segment Corners a 21.9% Share in 2020
In the global Smart Ball segment, USA, Canada, Japan, China and Europe will drive the 5.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$868.1 Million in the year 2020 will reach a projected size of US$1.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.1 Billion by the year 2027, while Latin America will expand at a 7.4% CAGR through the analysis period. The publisher brings years of research experience to this 7th edition of our report. The 480-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others
- ABB Group
- Atmos International Inc.
- BAE Systems PLC
- ClampOn AS
- Future Fibre Technologies Pty., Ltd.
- Honeywell International, Inc.
- Huawei Technologies Co., Ltd.
- KROHNE Messtechnik GmbH
- ORBCOMM, Inc.
- Pentair PLC
- Perma-Pipe, Inc.
- Pure Technologies Ltd.
- Senstar Corporation
- Siemens AG
- Thales Group
- TransCanada Corporation
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Pipeline Monitoring Systems Market: Prelude
Smart Ball Segment to Record High Growth
Global Competitor Market Shares
Pipeline Monitoring Systems Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Oil and Gas Pipeline Monitoring Systems Market: Rise in Cross-Border Pipeline Infrastructure Networks Fuels Growth
Countries with Longest Network Oil and Gas Pipelines Network
Asian Economies at the Forefront of Oil & Gas Pipeline Additions: Planned Pipeline Length Additions in km for Select Countries (2018-2022)
Natural Gas Pipeline Distribution in the US in Miles for the Period 1990-2017
Growing Risk of Pipeline Incidents Enhances Importance of Pipeline Monitoring
Oil & Gas Pipeline Incidents in the US for the Period 2010-2018
Environmental and Health Risks Associated with Natural Gas Leaks Fuels Need for Pipeline Monitoring Systems
Despite Temporary Concerns over Stalling Oil Demand, Favorable Long-term Demand Outlook and Subsequent Increase in Pipeline Length Additions Drive Growth
World Crude Oil Production: Breakdown of Production Volume in Thousand Barrels Per Day for Persian Gulf Nations and Non-OPEC Countries for the Period 2000-2018
Crude Oil Demand Worldwide in Million Barrels Per Day for the Years 2006 through 2019
As the Oil & Gas Pipeline Network Ages, Demand for Monitoring Gains Importance to Ensure Safety and Reduce Costs
Cyberattacks and Terrorism Threaten Oil & Gas Pipeline Networks, Driving Demand for Monitoring Solutions
Latest Technologies Enable Intelligent Pipeline Monitoring in Oil & Gas Industry
Rising Importance of Wireless Sensing Technologies in Managing Serviceability and Stability of Oil & Gas Pipelines
Distributed Acoustic Fiber Optic Sensing (DAS): A Versatile Technology for Pipeline Monitoring
Advancements in Oil Leakage Detection and Pipeline Monitoring Technologies: A Review
Major Causes of Pipeline Failure: Percentage Breakdown of Failures by Source of Failure in Oil & Gas Industry
IoT-Enabled Leakage Detection System and IoT Connected Pipelines Ensure Real-time Detection of Oil & Gas Pipelines
Remote Sensing for Monitoring of Oil & Gas Pipelines
Challenging Conditions of Deepwater Pipeline Inspection Necessitates Use of Advanced Technologies
UAVs Technology Promises to Supplement Existing Pipeline Monitoring Functions in Oil & Gas Sector
Water Pipeline Leak Detection Systems: Reducing Damage Costs Associated with Water Leaks in Pipelines
Global Water Leak Detection Systems Market: Percentage Breakdown of Revenues by Type for 2019 and 2025
Global Water Leak Detection Systems Market: Percentage Breakdown of Revenues by Application for 2019 and 2025
Aging Water Pipeline Infrastructure Contributes to Enhanced Focus on Monitoring
Water Utilities Leverage the Capabilities of Numerous Advanced Technologies for Pipeline Monitoring
Smart Water Monitoring Platform: A Novel Water Leak Detection Solution
IoT Technology Finds Use in Water Leakage Detection Monitoring
Remote Leak Identification to Transform Pipeline Monitoring for Water Utilities
High Signal-to-Noise Ratio Accelerometer to Detect Leak in Plastic Water Supply Pipes
Robots to Play Important Role in the Inspection and Repair of Pipelines
Pipeline Pigging Systems Market: Stable Growth Outlook
Smart PIGs Enhance Safety of Pipelines
Strict Regulations for Pipeline Security and Safety Drives Focus onto Efficient Monitoring
Innovations & Advancements
CEPA Member Tests New Technology for Rapid Detection of Pipeline Leaks
ABB Ability™ Mobile Leak Detection System: Detecting and Quantifying Gas Leaks in Pipelines
NETL Developing Fiberoptic Wires for Water Pipeline Monitoring
Wireless Sensor Network: A Promising Technology for Water Pipeline Monitoring
pipe::scan: An Innovative Sensor System to Monitor Drinking Water Quality in Pipes
Scientists Developing Living Sensors for Real-time Detection of Leaks in Gas Pipelines
Ophir Develops duoThane® for Methane Gas Detection in Natural Gas Pipelines
Pipe-Crawling Robot to Help Monitor Pipeline Infrastructure
Pipeline Monitoring Systems
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
Market Facts & Figures
US Pipeline Monitoring Systems Market Share (in %) by Company: 2019 & 2025
Oil and Gas Pipeline Leak Detection System in the US: An Overview
Need for Early Water Leak Detection Drives Demand for Monitoring Solutions
Aging Pipeline Networks Enhance Need for Monitoring to Ensure Safety
Market Facts & Figures
European Pipeline Monitoring Systems Market: Competitor Market Share Scenario (in %) for 2019 & 2025
REST OF EUROPE
Expanding City Gas Distribution (CGD) Network in India Gives Rise to Demand for Novel Pipeline Monitoring Technologies
REST OF ASIA-PACIFIC
REST OF LATIN AMERICA
Sustained Pipeline Installation Activity to Fuel Demand for Monitoring Systems
Pipeline Length Additions in km and Capital Expenditure in $ Billion in the Middle East for the Years 2016, 2018, 2020 and 2022
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
Total Companies Profiled: 42
- ABB GROUP
- ATMOS INTERNATIONAL INC.
- BAE SYSTEMS PLC
- CLAMPON AS
- FUTURE FIBRE TECHNOLOGIES LIMITED
- HONEYWELL INTERNATIONAL
- HUAWEI TECHNOLOGIES
- KROHNE MESSTECHNIK GMBH
- ORBCOMM, INC.
- PENTAIR PLC
- PERMA-PIPE, INC.
- PURE TE