Pipeline Monitoring System Market Is Likely to Experience a Strong Growth During 2021-26

June 07, 2022

A report on the Pipeline Monitoring System Market has been recently published by Stratview Research. This Market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the Pipeline Monitoring System Market. The historic years considered for the study are 2015-2020 the base year is 2021, and the forecast period is 2021-2026.

The study includes an in-depth analysis of type, application, and regional segments. It also includes a Market channel, distribution, and customer analysis, industry cost analysis, Market analysis by application, production, revenue, and price trend analysis by type, production and consumption analysis by region, and various other Market studies.

Market Analysis

Pipeline Monitoring System Market is likely to witness an impressive CAGR of 7.3% during the forecast period. The prime factor that is contributing to the demand for pipeline monitoring system is the increasing number of oil & gas leakages during the production process.

The Market is segmented by Pipe Type (Metallic Pipes, Non-Metallic Pipes, and Others), by Technology Type (Ultrasonic, PIG, Smart Ball, Magnetic Flux Leakage, Fiber Optic Technology, and Others), by Solution Type (Leak Detection, Operating Condition, Pipeline Break Detection, and Others), by End-Use Industry Type (Crude & Refined Petroleum, Water & Wastewater, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

This report also focuses on the short- and long-term implications of the novel Coronavirus pandemic on Pipeline Monitoring System Market at the global, and regional dimensions. To evaluate the percentage of loss or profit to the industry, the report also compares pre-COVID and post-COVID scenarios.

Report Features

The report delivers a detailed view of the industry based on Pipeline Monitoring System Market size, Market growth, and opportunities. The report also analyses Market key aspects such as-

-           Market structure: Overview, industry life cycle analysis, supply chain analysis

-           Covid-19 Impact analysis.

-           Market environment analysis: Growth drivers and constraints, and SWOT analysis.

-           Market trend and forecast analysis.

-           Market segment trend and forecast.

-           Competitive landscape and dynamics: Market share, product launches, etc.

-           Attractive Market segments and associated growth opportunities.

-           Emerging trends.

-           Strategic growth opportunities for the existing and new players.

The research provides in-depth analysis of the important elements that drive Market growth, including growth potential, opportunities, current Market trends, industry-specific obstacles, and dangers.

Key Segments Pipeline Monitoring System Market Report Covers:

Based on the pipe type, the market is segmented as metallic, non-metallic, and others. The metallic segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. The significant share of the metallic segment is attributed to metals being the major materials for construction of pipes owing to durability and corrosion resistance.

Based on the technology type, the pipeline monitoring system market is segmented as ultrasonic, PIG, electronics and semiconductors, coating, fiber optic technology, energy, and others. The ultrasonic segment accounted for the largest share by technology in 2019, owing to stringent regulations for safety and security of pipelines coupled with pipeline upgradation and expansion. The segment is likely to lead the market during the forecast period as well.

Based on the solution type, the market is segmented as leak detection, operating condition, pipeline break detection, and others. The leak detection segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. The significant share of the leak detection segment is attributed to huge investments in pipeline monitoring infrastructures by oil & gas companies.

Based on the end-use industry type, the pipeline monitoring system market is segmented as crude & refined petroleum, water & wastewater, and others. The crude & refined petroleum segment accounted for the largest share in 2019, owing to the higher stakes involved, and the segment is estimated to maintain its dominance during the forecast period as well.

In terms of regions, North America is estimated to be the largest market for pipeline monitoring systems during the forecast period. On the other hand, the Asia-Pacific market is expected to grow with a lucrative CAGR on account of the rapid construction of new pipelines in developing nations of the region, with China and India as the major growth engines.

According to the report, brands or companies that are leading globally in this Market are –

• Orbcomm Inc.
• Transcanada
• Honeywell International Inc
• PSI AG
• Siemens AG
• Huawei Technologies Co. Ltd.
• Bae Systems Inc.
• Pure Technologies
• C-Fer Technologies
• Perma-Pipe Inc.

Report Customization –

This report can be customized to meet the client’s obligations. Please get along with our sales team (sales@stratviewresearch.com), who will ensure that you get a report that fits your needs. You can also touch a chord with our executives on +1-313-307-4176 to share your research constraints.

About Us –

Stratviewresearch.com is a leading global Market Research firm providing expert research solutions, trusted by clients worldwide. Stratview Research possesses a global presence to enable current Market information using the most up-to-date methodology, best-in-class research techniques, and cost-effective approaches. We survey clients in several countries to provide you with the most comprehensive illustration of global trends and behaviours.

Author : Chandana Patnaik