Pipeline Integrity Market to experience a healthy CAGR of 4.5%
February 18, 2020
Pipeline Integrity Market Overview:
Pipeline Integrity Market is likely to witness an impressive CAGR of 4.5% during the forecast period. This growth of the pipeline integrity market can be attributed to the enormous investment pool in the pipeline business, growing government mandate and regulations for pipeline assessment, concern over environmental impact, the safety of pipelines and energy infrastructure, and rising focus on the remote management of oil & gas pipeline for process optimization & automation.
Report Overview:
This report, from Stratview Research, studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
Get a free sample of the report here:
https://www.stratviewresearch.com/Request-Sample/680/pipeline-integrity-market.html
Pipeline Integrity Market Segment Insights:
Inspection Segment: The growth engine
Based on the service type, the market is segmented as testing, inspection, monitoring, and software. The inspection segment led the market in 2019, and is estimated to dominate the market during the forecast period. Increasing government regulations associated with the inspection of pipelines are the major factors expected to drive the market during the forecast period. Magnetic flux is the most used technology in inspection services. It is an obnoxious method of testing, which is used to detect corrosion, surface pitting, cracks, and weld defects. It scans the periphery and length of the pipeline helping determine the remaining wall thickness, depth, and location of metal, which is lost due to deterioration mechanisms.
Click below to run through the detailed ToC of the report:
https://www.stratviewresearch.com/toc/680/pipeline-integrity-market.html
Dominance of: The Gas Segment
Based on the product type, the market is segmented as oil, gas, and refined product. The gas segment is estimated to lead the market owing to rise in demand for safe, economical, and reliable connectivity. The natural gas market has become more globalized, driven by the availability of shale gas and the increasing supplies of liquefied natural gas.
A highly/moderately/fragment consolidated Market
Some of the major players in the pipeline integrity market are Rosen, Baker Hughes, a GE Company, NDT Global, T.D. Williamson, SGS, Schneider Electric, Emerson, Applus, Altus Intervention, Enermech, Intertek, IKM Gruppen, and Lin Scan.
Regional Hegemony of North America
North America is estimated to lead the pipeline integrity market during the forecast period. In the US, nearly 70% of the crude oil and petroleum products are shipped through pipelines; and in Canada, around 97% of natural gas and petroleum products are shipped through pipelines. As the demand for energy produced in the Americas continues to increase, the E&P activities would continue to surge further toward harsh environments. For example, most of recent oil & gas shale discoveries has been in remote areas. Transportation of these reserves from the harsh environment till storage locations needs more focus, which is expected to increase demand for pipeline integrity services in the region.
Click here for other high value market reports from Stratview Research in the Oil &b Gas Industry: https://www.stratviewresearch.com/market-reports/Oil-Gas.html
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
We have a strong team of industry veterans and analysts with an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, Go to Market Strategy, and Voice of Customer studies.
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
For enquiries,
Contact:
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176