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The market for pipeline monitoring systems is anticipated to grow at a CAGR of 8.80% from 2023 to 2030, reaching an estimated value of USD 13,749.90 million.
Leak detection systems have enhanced pipeline safety, feasibility, real-time analysis, and efficiency as a result of infrastructure upgrades. Pipeline monitoring and detection technologies have also decreased the risk of geohazards, theft, internal leakage, and ruptures. The development of pigging technology for use in both new and old pipelines is also contributing to the expansion of the market. Operations like cleaning, inspecting, clearing, measuring, and testing pipelines are all possible thanks to pigging technology. Corrosion, flow restrictions, and liquid accumulations can all be found with the use of pipeline monitoring devices, and samples can be collected for analysis of risk and bacteriological control programmes. Plants and refineries, finished goods, wet gas and petroleum pipelines, water and wastewater, offshore platforms and pipeline terminals are typical users of pipeline monitoring systems. The internal corrosion, gases, fluids, and oil contamination can all be tracked in real time by the monitoring/detection systems.
Due to the rising need for metallic pipelines, the market for pipeline monitoring systems is booming. Ductile iron, stainless steel, aluminium, and other types of metallic pipes like cast iron, corrugated, and copper pipes are among them. End users prefer steel-based pipes because iron-based pipes can corrode when exposed to highly oxygenated water steam. In comparison to other pipes, metallic pipes are more heat-sensitive and less corrosion-resistant. As a result, during the Pipeline Monitoring System market prediction period, these improved characteristics further increase market demand as a whole.
The COVID-19 epidemic has caused numerous items in the pipeline monitoring systems industry to stop being produced during the lockdown. Equipment and machinery manufacturers concentrated on securing their operations, personnel, and supply networks once COVID-19 infection instances started to fall. This allowed them to react quickly to situations and implement new operating procedures. As oil and gas demand has surged throughout most major regions, pipeline infrastructure has grown dramatically. Installation of pipelines for the distribution and conveyance of oil and gas pipeline monitoring systems is taking place over thousands of kilometres in a number of different places. For instance, Honeywell International will supply UOP technology to Numaligarh Refinery Ltd., the Indian Ministry of Petroleum and Natural Gas, in May 2021 to expand crude oil conversion and produce cleaner-burning diesel fuel in accordance with India's BS-VI emission standards. Therefore, the extensive networks of pipelines for the oil and gas and petroleum industries have driven the need for pipeline integrity monitoring systems.
The increase in oil and gas consumption in most major countries has resulted in a significant expansion of the pipeline system. Several regions and hundreds of kilometres have been covered by the installation of pipelines for the distribution and transportation of oil and gas products. The need for pipeline integrity monitoring technology has increased due to the size of pipeline networks. To detect leaks in pipeline systems, pipeline companies use sophisticated sensors and monitoring equipment. To protect pipelines from terrorist assaults and sabotage, Scada pipeline monitoring firms are concentrating on developing physical security solutions, such as aerial & ground monitoring and video surveillance.
Due to the need for greater vulnerability and comprehension, pipeline businesses have long been reluctant to use cyber and network security solutions. Additionally, the network security solutions offered by IT organisations were few and primarily presented in silos. Because of this, choosing precise pipeline network monitoring technologies is difficult for pipeline operators. Additionally, IT security companies need assistance persuading operators of the importance of physical and network monitoring devices. For manufacturers of monitoring solutions in the oil and gas sector, overcoming the need for increased knowledge among operators as well as their reluctance to implement monitoring systems is a major challenge.
Report Coverage
Global Pipeline Monitoring System research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Pipeline Monitoring System report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Pipeline Monitoring System 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 Monitoring System 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 Monitoring System market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Pipeline Monitoring System 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
Orbcomm Inc., PSI AG, TransCanada Company, Pure Technologies, and Honeywell International Inc.
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 Monitoring System market based on the below-mentioned segments:
Global Pipeline Monitoring System Market, By Type
Metallic
Non-Metallic
Others
Global Pipeline Monitoring System market, By Solution
Leak Detection
Pipeline Break Detection
Operating Condition
Others
Global Pipeline Monitoring System Market, By End User
Crude & Refined Petroleum
Water & Wastewater
Others
Global Pipeline Monitoring System market, Regional Analysis
Leak detection systems have enhanced pipeline safety, feasibility, real-time analysis, and efficiency as a result of infrastructure upgrades. Pipeline monitoring and detection technologies have also decreased the risk of geohazards, theft, internal leakage, and ruptures. The development of pigging technology for use in both new and old pipelines is also contributing to the expansion of the market. Operations like cleaning, inspecting, clearing, measuring, and testing pipelines are all possible thanks to pigging technology. Corrosion, flow restrictions, and liquid accumulations can all be found with the use of pipeline monitoring devices, and samples can be collected for analysis of risk and bacteriological control programmes. Plants and refineries, finished goods, wet gas and petroleum pipelines, water and wastewater, offshore platforms and pipeline terminals are typical users of pipeline monitoring systems. The internal corrosion, gases, fluids, and oil contamination can all be tracked in real time by the monitoring/detection systems.
Due to the rising need for metallic pipelines, the market for pipeline monitoring systems is booming. Ductile iron, stainless steel, aluminium, and other types of metallic pipes like cast iron, corrugated, and copper pipes are among them. End users prefer steel-based pipes because iron-based pipes can corrode when exposed to highly oxygenated water steam. In comparison to other pipes, metallic pipes are more heat-sensitive and less corrosion-resistant. As a result, during the Pipeline Monitoring System market prediction period, these improved characteristics further increase market demand as a whole.
The COVID-19 epidemic has caused numerous items in the pipeline monitoring systems industry to stop being produced during the lockdown. Equipment and machinery manufacturers concentrated on securing their operations, personnel, and supply networks once COVID-19 infection instances started to fall. This allowed them to react quickly to situations and implement new operating procedures. As oil and gas demand has surged throughout most major regions, pipeline infrastructure has grown dramatically. Installation of pipelines for the distribution and conveyance of oil and gas pipeline monitoring systems is taking place over thousands of kilometres in a number of different places. For instance, Honeywell International will supply UOP technology to Numaligarh Refinery Ltd., the Indian Ministry of Petroleum and Natural Gas, in May 2021 to expand crude oil conversion and produce cleaner-burning diesel fuel in accordance with India's BS-VI emission standards. Therefore, the extensive networks of pipelines for the oil and gas and petroleum industries have driven the need for pipeline integrity monitoring systems.
The increase in oil and gas consumption in most major countries has resulted in a significant expansion of the pipeline system. Several regions and hundreds of kilometres have been covered by the installation of pipelines for the distribution and transportation of oil and gas products. The need for pipeline integrity monitoring technology has increased due to the size of pipeline networks. To detect leaks in pipeline systems, pipeline companies use sophisticated sensors and monitoring equipment. To protect pipelines from terrorist assaults and sabotage, Scada pipeline monitoring firms are concentrating on developing physical security solutions, such as aerial & ground monitoring and video surveillance.
Due to the need for greater vulnerability and comprehension, pipeline businesses have long been reluctant to use cyber and network security solutions. Additionally, the network security solutions offered by IT organisations were few and primarily presented in silos. Because of this, choosing precise pipeline network monitoring technologies is difficult for pipeline operators. Additionally, IT security companies need assistance persuading operators of the importance of physical and network monitoring devices. For manufacturers of monitoring solutions in the oil and gas sector, overcoming the need for increased knowledge among operators as well as their reluctance to implement monitoring systems is a major challenge.
Report Coverage
Global Pipeline Monitoring System research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Pipeline Monitoring System report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Pipeline Monitoring System 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 Monitoring System 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 | Orbcomm Inc., PSI AG, TransCanada Company, Pure Technologies, and Honeywell International Inc. |
| 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 Monitoring System Market from 2021 to 2030.
- Market Forecast for Pipeline Monitoring System 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 Monitoring System competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Pipeline Monitoring System
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Pipeline Monitoring System market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Pipeline Monitoring System 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
Orbcomm Inc., PSI AG, TransCanada Company, Pure Technologies, and Honeywell International Inc.
Primary Target Market
- Market Players of Pipeline Monitoring System
- 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 Monitoring System market based on the below-mentioned segments:
Global Pipeline Monitoring System Market, By Type
Metallic
Non-Metallic
Others
Global Pipeline Monitoring System market, By Solution
Leak Detection
Pipeline Break Detection
Operating Condition
Others
Global Pipeline Monitoring System Market, By End User
Crude & Refined Petroleum
Water & Wastewater
Others
Global Pipeline Monitoring System 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
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