The Pipeline Monitoring System Global Market Report 2023, provides comprehensive information on the pipeline monitoring system 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 Monitoring System Global Market Report 2023, the global pipeline monitoring system market size is expected to grow from $13.88 billion in 2022 to $15.05 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. 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 global pipeline monitoring system market is expected to grow to $20.27 billion in 2027 at a CAGR of 7.7%.
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Technological advancements have emerged as a key trend gaining popularity in the pipeline monitoring system market. Major companies operating in the pipeline monitoring system market are focused on innovating new technologies to sustain their position in the market. For instance, in April 2021, ABB Ltd., a Switzerland-based digital technologies provider, launched the world’s fastest and most sensitive drone-based gas leak detection system, called Mobile Gas Leak Detection System, HoverGuard. The innovative system rapidly, safely, and accurately finds, measures, and maps leaks up to 100 meters away from the natural gas transmission and distribution pipelines, collecting lines, storage areas, and other possible causes. After a survey, it instantly creates precise digital reports that summarize the results and may be shared. HoverGuard is a significant advancement for the environment and in the detection of gas leaks.
The pipeline monitoring system market 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 2022.
The table of contents in TBRC’s pipeline monitoring system market report 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. Pipeline Monitoring System Market Size And Growth
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26. Africa Pipeline Monitoring System Market
27. Pipeline Monitoring System Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Pipeline Monitoring System Market
29. Pipeline Monitoring System Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- ABB Ltd
- Emerson Electric Co
- Honeywell International Inc
- Huawei Investment & Holding Co. Ltd
- ORBCOMM Inc
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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