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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Pipeline monitoring systems utilize smart devices and IoT sensors to gather real-time data on factors such as temperature, pressure, flow rate, and corrosion levels. This data is then used to provide operators with operational insights.According to a recent survey by EY, in February 2023, a majority of 58% of leaders in the O&G industry believe that investments in digital technology have been accelerated by the pandemic. With over 2.5 million kilometers of hydrocarbon pipelines globally, it has become imperative for the industry to utilize Geo-AI data for continuous monitoring and maintenance. Through the use of smart devices and IoT sensors, a wide range of parameters can be captured, leading to more accurate operations management and optimization.reductase levels and lowering pro-inflammatory enzyme levels. A meta-analysis in 2018 found no significant effect of Pipeline Monitoring System on improving lipid profile, fasting insulin, systolic blood pressure, or BMI.
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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
Market Segmentation
Global Pipeline Monitoring System Market by Type
- Metallic
- Non-Metallic
- Others(Copper Pipe, Plastic Pipe and Aluminum Pipe)
Global Pipeline Monitoring System Market by Solution
- Leak Detection
- Pipeline Break Detection
- Operating Condition
- Others (Corrosion Monitoring Solutions, and Geographic InSolutionation System (GIS) Solutions)
Global Pipeline Monitoring System Market 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)
Regional Analysis
- 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
- Company Profiles
- Emerson Electric Co.
- General Electric Co.
- Honeywell International Inc.
- Huawei Technologies Co. Ltd
- ORBCOMM Inc.
- PERMA-PIPE International Holdings, Inc.
- PSI Software SE
- Pure Tech Codex Pvt. Ltd.
- QinetiQ Group
- Rockwell Automation Inc.
- Schneider Electric
- Siemens AG
- TransCanada PipeLines Ltd.
- Yokogawa Electric Corp.
- ROSEN Swiss AG
- TechnipFMC plc
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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