The Pipeline Integrity Management Global Market Report 2023, provides comprehensive information on the pipeline integrity management market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Pipeline Integrity Management Global Market Report 2023, the market is expected to grow from $9.06 billion in 2022 to $9.60 billion in 2023 at a compound annual growth rate (CAGR) of 6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global pipeline integrity management market is expected to grow to $11.63 billion in 2027 at a CAGR of 4.9%.
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Product innovations are the key trend that is gaining popularity in the pipeline integrity management (PIM) market going forward. Major companies operating in the market are focused on research and development for product innovations to sustain their position in the pipeline integrity management (PIM) market. For instance, in November 2021, Schneider Electric SE, a France-based company operating in the digital transformation of energy management and automation, partnered with Prisma Photonics, an Israel-based company operating in designing and manufacturing fiber sensing for oil and gas infrastructure, and introduced PrismaFlow with its Hyper-ScanTM technology and the integration of real-time intelligence and precise monitoring to prevent accidental and malicious activity, which enhances efficiency and sustainability in energy transportation via pipelines and avoids resource loss. It also integrates an innovative pay-as-you-grow model. PrismaFlow is a pipeline monitoring solution made up of both hardware and software, significantly lowering positive and negative false alarm rates as compared to other fiber-sensing technologies. PrismaFlow offers improved event classification and detection with a precision of resolution of fewer than 10m and can recognize multiple simultaneous events without interference or crosstalk.
The pipeline integrity management market is segmented:
1) By Service Type: Inspection Services, Cleaning Services, Repair and Refurbishment Services
2) By Sector: Crude Oil, Natural Gas
3) By Location of Deployment: Onshore, Offshore
North America was the largest region in the pipeline integrity management market in 2022.
The table of contents in TBRC’s pipeline integrity management market report includes:
1. Executive Summary
2. Pipeline Integrity Management Market Characteristics
3. Pipeline Integrity Management Market Trends And Strategies
4. Pipeline Integrity Management Market – Macro Economic Scenario
5. Pipeline Integrity Management Market Size And Growth
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26. Africa Pipeline Integrity Management Market
27. Pipeline Integrity Management Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Pipeline Integrity Management Market
29. Pipeline Integrity Management Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
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