Pipeline Monitoring System market is anticipated to grow at a CAGR of 7.6% during the forecast period (2024-2031). The market for pipeline monitoring systems has increased as a result of increasing pipeline installations, leaks owing to corrosion, and growing environmental concerns, which are driving monitoring system adoption by the oil and gas industry.
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The demand for monitoring systems for secure and effective resource transportation is rising as pipeline networks spread across the globe, especially in developing nations.According to the National Institute of Health (gov.) in August 2023, the aging and development of the the globe’s pipeline network has placed more regulatory pressure on pipeline safety and dependability. The Pipeline and Hazardous Materials Safety Administration (PHMSA) reports that there have been 1052 excavation damage occurrences in the US, resulting in 1.5 billion in economic loss and 183 fatalities. The pipeline infrastructure needs to be timely and continuously inspected in order to maintain high standards of safety, dependability, and compliance with national and state regulatory requirements.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Pipeline Monitoring System Market Report Segment
By Type
- Metallic
- Non-Metallic
- Others(Copper Pipe,Plastic Pipe and Aluminum Pipe)
By Solution
- Leak Detection
- Pipeline Break Detection
- Operating Condition
- Others (Corrosion Monitoring Solutions, and Geographic Information System (GIS) Solutions)
By Technology
- Ultrasonic Testing (UT) Technology
- Pipeline Inspection Gauges (PIGs)
- Smart Ball Technology
- Magnetic Flux Leakage (MFL) Technology
- Fiber Optic Technology
- Others (Acoustic Emission Testing, and Electromagnetic Inspection)
Global Pipeline Monitoring System Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global pipeline monitoring system market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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