The global pipeline monitoring systems market size was valued at $13,867.2 million in 2020, and is projected to reach $29,115.8million by 2030, registering a CAGR of 7.6% from 2021 to 2030. Pipelines are the most dependable way to carry flammable liquids. Pipeline leakage, damage, or breaking can possibly occur owning to transportation of extremely reactive liquids and gases at high pressures. Pipeline monitoring systems are employed to avert these damages. Pipelines are monitored and tested using surveillance systems, leak detection, fiber optic pipeline monitoring, and other techniques. Such systems help to maintain the pipeline condition for long time.
The ability to identify pipe damage and leakage while simultaneously monitoring for external pipeline danger to overcome oil and gas hazard drives the pipeline monitoring systems market. Other factors that drive the market expansion include an increase in the number of crude oil and petroleum leaks during productionand storage tanks as a result of natural accidents and high pressure. Furthermore, severe government pipeline safety standards increase the demand for pipeline monitoring systems. However, issues such as a lack of understanding regarding monitoring implementation and a scarcity of funding are projected to restrict the market's growth.
Crude oil is an unrefined type of petroleum that occurs naturally. It is one of the most important energy sources in the energy and power sector. Crude oil is refined intogasoline,petrochemicals, diesel, andpetroleum when it is treated. Crude oil consists of natural gas, oil, and biofuels all of which are carried through pipelines. As a result, such factors are expected to create demand for pipeline monitoring systems as it provides end to end monitoring and safety & security solutions. Furthermore, the need for pipeline monitoring systems in the crude and refined petroleum sector has grown as a result of the increased use of oil &gas pipelines as a cost-effective, efficient, dependable, and safe route of transportation across large distances around the world.
Metallic pipes include stainless steel pipeline, ductile iron pipes,aluminum pipeline network, and othercategories such as cast-iron pipes, corrugated pipes, and copper pipes. Ironbased pipes can become corrosive when exposed to highly oxygenated water and flammable chemical liquids flow; therefore end-user sectors prefer steel-based pipes. Metallic pipes have ability to resist heat and more prone to corrosion than non-metallic pipes.
The pipeline monitoring systems market is segmented on the basis of material type, technology, end user, and region. By material type, the market is categorized into metallic and non-metallic. Depending on technology, the market is divided into ultrasonic testing, PIGs, smart ball, magnetic flux leakage technology and others. By end user, it is fragmented into petroleum, water & waste water and others. Region wise, the global market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Spain, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The ability to identify pipe damage and leakage while simultaneously monitoring for external pipeline danger to overcome oil and gas hazard drives the pipeline monitoring systems market. Other factors that drive the market expansion include an increase in the number of crude oil and petroleum leaks during productionand storage tanks as a result of natural accidents and high pressure. Furthermore, severe government pipeline safety standards increase the demand for pipeline monitoring systems. However, issues such as a lack of understanding regarding monitoring implementation and a scarcity of funding are projected to restrict the market's growth.
Crude oil is an unrefined type of petroleum that occurs naturally. It is one of the most important energy sources in the energy and power sector. Crude oil is refined intogasoline,petrochemicals, diesel, andpetroleum when it is treated. Crude oil consists of natural gas, oil, and biofuels all of which are carried through pipelines. As a result, such factors are expected to create demand for pipeline monitoring systems as it provides end to end monitoring and safety & security solutions. Furthermore, the need for pipeline monitoring systems in the crude and refined petroleum sector has grown as a result of the increased use of oil &gas pipelines as a cost-effective, efficient, dependable, and safe route of transportation across large distances around the world.
Metallic pipes include stainless steel pipeline, ductile iron pipes,aluminum pipeline network, and othercategories such as cast-iron pipes, corrugated pipes, and copper pipes. Ironbased pipes can become corrosive when exposed to highly oxygenated water and flammable chemical liquids flow; therefore end-user sectors prefer steel-based pipes. Metallic pipes have ability to resist heat and more prone to corrosion than non-metallic pipes.
The pipeline monitoring systems market is segmented on the basis of material type, technology, end user, and region. By material type, the market is categorized into metallic and non-metallic. Depending on technology, the market is divided into ultrasonic testing, PIGs, smart ball, magnetic flux leakage technology and others. By end user, it is fragmented into petroleum, water & waste water and others. Region wise, the global market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Spain, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
COMPETITION ANALYSIS
Key companies profiled in the pipeline monitoring systems market 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.KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive analysis of the current and emerging Pipeline monitoring systemsmarkettrends and dynamics
- In-depth market analysis is conducted by constructing market estimations for the key market segments between 2020and 2030
- Extensive analysis of the Pipeline monitoring systemsmarketis conducted by following key product positioning and monitoring of the top competitors within the market framework
- A comprehensive analysis of all regions is provided to determine the prevailing opportunities
- The global Pipeline monitoring systemsmarketforecast analysis from 2021 to 2030 is included in the report
- The key market players within Pipeline monitoring systemsmarketare profiled in this report and their strategies are analyzed thoroughly, which helpunderstand the competitive outlook of the Pipeline monitoring systems industry
KEY SEGMENTS
By MATERIAL TYPE
- Metallic Pipe
- Non-metallic Pipe
By Technology
- Ultrasonic Testing
- Smart Ball
- Magnetic Flux Leakage Technology
- PIGs
- Others
By End User
- Petroleum
- Water & Waste Water
- Others
By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- - Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
KEY PLAYERS
- Orbcomm Inc
- Transcanada Company
- PSI AG
- Pure Technologies
- Honeywell International Inc
- Perma Pipe Inc
- Siemens AG
- Huawei Technologies Co Ltd
- BAE Systems, Inc
- Pentair PLC
Table of Contents
Chapter 1 Introduction
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 Pipeline Monitoring Systems Market, by Pipe
Chapter 5 Pipeline Monitoring Systems Market, by Technology
Chapter 6 Pipeline Monitoring Systems Market, by End-user
Chapter 7 Pipeline Monitoring Systems Market, by Geography
Chapter 8 Company Profiles
List of Tables
List of Figures
Executive Summary
According to a new report titled, “Pipeline Monitoring Systems Market by Material Type, Technology, and End User: Global Opportunity Analysis and Industry Forecast, 2021–2030,” The global pipeline monitoring systems market size was valued at $13.8 billion in 2020, and is projected to reach $29.1 billion by 2030, registering a CAGR of 7.6% from 2021 to 2030. A pipeline is a type of infrastructure that allows liquid to be carried from its source to a refinery and then back to the distribution network. It is a convenient and cost-effective method of transporting liquids. Waste water, natural gas, crude oil, liquefied gas, petrochemical products, and other liquid or gaseous items are among the move along pipelines. Various materials such as aluminum, plastic, cement, steel, and stainless-steel are used to construct pipeline network. Various monitoring technologies like Intelligent Video Surveillance Supervisory Control and Data Acquisition (SCADA), Programmable Logic Control and Human Machine Interface (HMI), are being adopted widely to overcome oil & gas and petroleum leakage hazards.Heat and pressure are frequently created in huge amount inside the pipelines network, which can result in pipeline damage such as fracture or leaking. Highly reactive fluids are frequently transferred through these pipes, and if they leak, they may cause significant harm to the environment as well as waste. Hence such factors are expected to create demand for adoption of pipeline monitoring systems market growth in oil & gas and other liquid plants. Further, oil and gas industries are being pushed to install monitoring systems across their infrastructure. Following an increase in terrorist threats and cyber-attacks on oil and gas infrastructure systems, oil and gas operators throughout the world have boosted their investment on infrastructure and network monitoring.
In addition, these technologies create a digital pipeline infrastructure for oil and gas companies who wish to monitor and operate their operations remotely. As a result, organizations have increased their investment on network monitoring and are implementing comprehensive monitoring solutions to prevent making systems vulnerable to cyber-attacks and defend networks. For instance, in September 2021, Huawei Technologies has launched Optical Transport Network that are expected to speed up digital transformation in industries including electric power, oil and gas, coal mining, and manufacturing.
However, during the pandemic lockdown, various manufacturers in the pipeline monitoring systems had to stop their business in countries such as China, the U.S., and India. This break directly impacted sales of pipeline monitoring systems companies. In addition, lack of manpower and raw materials also constricted supply of equipment of pipeline monitoring systems has negatively influenced the growth of the market. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of pipeline monitoring systems companies.
Competition Analysis
Key companies profiled in the pipeline monitoring systems research 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.
Key Findings Of The Study
- The report provides an extensive analysis of the current and emerging pipeline monitoring systems market trends and dynamics
- In-depth pipeline monitoring systems market analysis is conducted by constructing estimations for the key segments between 2021 and 2030
- Depending on material type, the metallic pipe segment dominated the pipeline monitoring systems market, in terms of revenue in 2020 and the non-metallic pipe segment is projected to grow at a significant CAGR during the forecast period
- By technology, the ultrasonic testing segment has registered highest revenue in 2020
- By end user, the water and wastewater segment has registered highest revenue in2020
- Asia-Pacific is projected to register highest growth rate in the coming years
- The key players within the pipeline monitoring systems are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the pipeline monitoring systems industry
- The report provides an extensive analysis of the current trends and emerging pipeline monitoring systems market opportunities
Companies Mentioned
- Orbcomm Inc.
- Transcanada Company
- PSI AG
- Pure Technologies
- Honeywell International Inc.
- Perma Pipe Inc.
- Siemens AG
- Huawei Technologies Co. Ltd.
- BAE Systems, Inc.
- Pentair PLC.
Methodology
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.
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