Overview and Scope
Pipeline monitoring system refers to system tools that are used to evaluate the corrosive environment and bacteriological control programs, to collect samples without creating harmful byproducts, to provide online analysis of chemical drug treatment, to collect data that complies with regulations assessment tasks, and to evaluate pipeline threat. While in operation, these systems provide continuous, real-time monitoring of the gases and liquids in pipelines.
Sizing and Forecast
The pipeline monitoring system market size has grown strongly in recent years. It will grow from $15.06 billion in 2023 to $16.33 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to rise in pipeline expansion projects, incident prevention, infrastructure aging, risk management, operational optimizationenvironmental awareness.
The pipeline monitoring system market size is expected to see strong growth in the next few years. It will grow to $22.42 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to big data analytics, iot integration, climate change adaptation, cybersecurity focus, global energy transition. Major trends in the forecast period include advanced analytics and ai, remote monitoring and control, cybersecurity measures, integration of drones and uavspredictive maintenance, environmental monitoring.
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Segmentation & Regional Insights
The pipeline monitoring system market covered in this report is segmented –
1) By Type: Metallic, Non-Metallic, Concrete Pipes, Asbestos Cement Pipes
2) By Technology: Ultrasonic, PIG (Pipeline Inspection Gauge), Small Ball, Magnetic Flux Leakage, Fiber Optic, Other Technologies
3) By Application: Operating Efficiency, Leak Detection, Pipeline Break Detection
4) By End-User: Oil And Gas, Water And Wastewater, Other End-Users
North America was the largest region in the pipeline monitoring system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the pipeline monitoring system market report during the forecast period. The regions covered in the pipeline monitoring system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The growth of pipeline infrastructure is expected to propel the growth of the pipeline monitoring system market going forward. Pipeline infrastructure refers to a category of infrastructure that encompasses all related infrastructure, including all privately, publicly, or cooperatively owned lines, facilities, or systems for transmitting or distributing gas, oil, and petroleum products, as well as other comparable goods or substances that either directly or indirectly serve the public. Pipeline monitoring systems help the pipeline infrastructure by developing IoT sensors to promote monitoring solutions, alerting pipelines, and dispatching technicians to pinpoint locations. For instance, in May 2021, according to a research report issued by Australia and New Zealand Banking Group Limited (ANZ), an Australian-based banking and financial services company, Australia’s major infrastructure project pipeline ramped up with an increase of up to $21 billion year-on-year in 2021–22 alone. In Australia, 600 kilometers of pipeline were being constructed, with an additional 12,200 kilometers of infrastructure being considered, the total cost of this work was $18.6 billion. In addition, by 2022–23, the potential investment pipeline swells to almost $93 billion, including the $90 billion Job Keeper program. Further, Australia’s construction boom coincides with $485.8 billion in pipeline development activity worldwide, consisting of 408 new pipelines, of which 70,900 km were being built and additional 122,500 km planned. Therefore, the growth of the pipeline infrastructure is driving the market for pipeline monitoring systems.
Key Industry Players
Major companies operating in the pipeline monitoring system market are focusing on launch of new product to sustain their market position. For instance, in March 2023, Eni, an Italian multinational energy company, launched a technology, Enivibes, to focus on increasing the market value of vibroacoustic pipeline monitoring system. The technology, Eni Vibroacoustic Pipeline Monitoring System (E-VPMS), has been designed to support real-time analysis and monitoring activities on new or existing pipelines used for water and hydrocarbon transportation.
The pipeline monitoring system market report table of contents includes:
1. Executive Summary
2. Pipeline Monitoring System Market Characteristics
3. Pipeline Monitoring System Market Trends And Strategies
4. Pipeline Monitoring System Market – Macro Economic Scenario
5. Global Pipeline Monitoring System Market Size and Growth
…..
31. Global Pipeline Monitoring System Market Competitive Benchmarking
32. Global Pipeline Monitoring System Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Pipeline Monitoring System Market
34. Pipeline Monitoring System Market Future Outlook and Potential Analysis
35. Appendix
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