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The Pipeline Integrity Market Size was estimated in 2022 to be around USD 1.95 billion. During the projection period (2023 - 2030), the Pipeline Integrity market industry is anticipated to expand from USD 2.03 billion in 2023 to USD 2.86 billion, at a compound yearly growth rate (CAGR) of 5.34%. The main factors promoting market expansion are increased government pressure, pipeline evaluation restrictions, and public awareness of renewable energy.
The increase in energy consumption, which results in more oil and gas being extracted and used, is what is driving the market CAGR for pipeline integrity. The demand for pipelines to transport gas and oil has grown. Governments all across the world are updating the rules that require operators to apply integrity management processes with regard to gas transmission pipelines, where a leak or rupture would cause the most harm. These regulations require operators of oil and gas pipelines to perform routine inspections of pipeline integrity. To improve data collection, integration, analysis, and pipeline maintenance, guidelines are also needed. As a result, more rules and pipeline review mandates are needed to increase pipeline integrity over the course of the market's predicted time frame.
Additionally, there has been a significant growth in the number of oil and gas pipelines because of the world's population's growing urbanisation and the associated rise in energy demand. This is one of the main factors driving the market right now. Additionally, governments around the world are passing strict legislation to ensure the greatest degree of safety, uninterrupted operations, and rapid pipeline inspection to avoid spills and accidents. Additionally beneficial for the industry is the rising construction of natural gas pipelines, which are more reliable than coal and create fewer harmful pollutants than either petrol or diesel. Demand is being driven by this as well as the fact that more businesses are employing pipeline integrity solutions to broadcast network data in real-time from pipelines to command centres. Therefore, the expansion of the global market is being fueled by the rising prevalence of energy supply.
For instance, top-notch training and project simulation have been initially adopted in Guyana to address the growing need for skilled professionals. Due to a partnership between Caribbean Subsea Specialist Inc. (CSSI) and 3t EnerMech (ODITC), the Schilling Heavy Duty remotely operated underwater vehicle (ROV) simulator is now available during the anticipated time frame in the market at the ODITC 3t EnerMech Training Centre of Excellence in Lusignan, Ontario. Due to the increasing requirement for pipelines, it is expected that demand for pipeline integrity would increase throughout the course of the forecasted time. Revenue from the pipeline integrity market is therefore the motivating driver.
Testing, monitoring, inspection, and software service are all included in the service-based pipeline integrity market segmentation. The pipeline integrity market's software service segment had the highest revenue in 2022. With the capacity to manage pipeline integrity, record risk, monitor regulatory compliance, and give a thorough overview of pipeline and gas distribution system reliability, this software system enables safe and effective pipeline operations.
Report Coverage
Global Pipeline Integrity research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Pipeline Integrity report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Pipeline Integrity competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Pipeline Integrity market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Pipeline Integrity market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Pipeline Integrity market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
ROSEN Group (Switzerland), Baker Hughes (US), NDT Gmbh & Co. Kg. (UAE), Emerson Electric Co. (US), Applus+ (Spain), Intertek Group Plc (UK), and EnerMech (UK), Schneider Electric (Japan), T.D WilliAMSON Inc. (US), and Altus Intervention (Norway)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Pipeline Integrity market based on the below-mentioned segments:
Global Pipeline Integrity Market, By Product
Oil
Gas
Refined Product
Global Pipeline Integrity market, By Application
Onshore
Offshore
Global Pipeline Integrity Market, By Service
Testing
Monitoring
Inspection
Software Service
Global Pipeline Integrity market, Regional Analysis
The increase in energy consumption, which results in more oil and gas being extracted and used, is what is driving the market CAGR for pipeline integrity. The demand for pipelines to transport gas and oil has grown. Governments all across the world are updating the rules that require operators to apply integrity management processes with regard to gas transmission pipelines, where a leak or rupture would cause the most harm. These regulations require operators of oil and gas pipelines to perform routine inspections of pipeline integrity. To improve data collection, integration, analysis, and pipeline maintenance, guidelines are also needed. As a result, more rules and pipeline review mandates are needed to increase pipeline integrity over the course of the market's predicted time frame.
Additionally, there has been a significant growth in the number of oil and gas pipelines because of the world's population's growing urbanisation and the associated rise in energy demand. This is one of the main factors driving the market right now. Additionally, governments around the world are passing strict legislation to ensure the greatest degree of safety, uninterrupted operations, and rapid pipeline inspection to avoid spills and accidents. Additionally beneficial for the industry is the rising construction of natural gas pipelines, which are more reliable than coal and create fewer harmful pollutants than either petrol or diesel. Demand is being driven by this as well as the fact that more businesses are employing pipeline integrity solutions to broadcast network data in real-time from pipelines to command centres. Therefore, the expansion of the global market is being fueled by the rising prevalence of energy supply.
For instance, top-notch training and project simulation have been initially adopted in Guyana to address the growing need for skilled professionals. Due to a partnership between Caribbean Subsea Specialist Inc. (CSSI) and 3t EnerMech (ODITC), the Schilling Heavy Duty remotely operated underwater vehicle (ROV) simulator is now available during the anticipated time frame in the market at the ODITC 3t EnerMech Training Centre of Excellence in Lusignan, Ontario. Due to the increasing requirement for pipelines, it is expected that demand for pipeline integrity would increase throughout the course of the forecasted time. Revenue from the pipeline integrity market is therefore the motivating driver.
Testing, monitoring, inspection, and software service are all included in the service-based pipeline integrity market segmentation. The pipeline integrity market's software service segment had the highest revenue in 2022. With the capacity to manage pipeline integrity, record risk, monitor regulatory compliance, and give a thorough overview of pipeline and gas distribution system reliability, this software system enables safe and effective pipeline operations.
Report Coverage
Global Pipeline Integrity research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Pipeline Integrity report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Pipeline Integrity competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Pipeline Integrity market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | ROSEN Group (Switzerland), Baker Hughes (US), NDT Gmbh & Co. Kg. (UAE), Emerson Electric Co. (US), Applus+ (Spain), Intertek Group Plc (UK), and EnerMech (UK), Schneider Electric (Japan), T.D WilliAMSON Inc. (US), and Altus Intervention (Norway) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Pipeline Integrity Market from 2021 to 2030.
- Market Forecast for Pipeline Integrity Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Pipeline Integrity competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Pipeline Integrity
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Pipeline Integrity market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Pipeline Integrity market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
ROSEN Group (Switzerland), Baker Hughes (US), NDT Gmbh & Co. Kg. (UAE), Emerson Electric Co. (US), Applus+ (Spain), Intertek Group Plc (UK), and EnerMech (UK), Schneider Electric (Japan), T.D WilliAMSON Inc. (US), and Altus Intervention (Norway)
Primary Target Market
- Market Players of Pipeline Integrity
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Pipeline Integrity market based on the below-mentioned segments:
Global Pipeline Integrity Market, By Product
Oil
Gas
Refined Product
Global Pipeline Integrity market, By Application
Onshore
Offshore
Global Pipeline Integrity Market, By Service
Testing
Monitoring
Inspection
Software Service
Global Pipeline Integrity market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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