USD 1.95 billion
Pipeline Integrity Market Size, Share, Growth Analysis, By Type(Onshore, and Offshore), By Product(Oil, Gas, and Refined Product), By Service(Inspection Services, Cleaning Services, Repair and Refurbishment Services, and Monitoring Services), By Sector(Crude Oil and Natural Gas), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15F2161 |
Region:
Global |
Published Date: March, 2024
Pages:
157
|Tables:
115
|Figures:
71
Pipeline Integrity Market Insights
Pipeline Integrity Market size was valued at USD 2.03 Billion in 2023 and is poised to grow from USD 2.12 Billion in 2024 to USD 2.98 Billion by 2032, growing at a CAGR of 4.34% during the forecast period (2025-2032).
Increased cross-border trade in oil and gas will validate the integrity of pipeline inspection services. Because not every country has reserves of crude oil and natural gas, over the past decade, cross-border oil and gas trade has grown as each country’s energy demand has increased and this has led to the construction of offshore pipelines for crude oil and natural gas. For example, oil giants such as Russia, the United States, Kuwait and Saudi Arabia drive huge demand for oil from many countries such as China and India. This trend is expected to continue in the coming years in countries where population growth is expected. This will create many pipelines for interstate commerce that will provide geographic power.
Pipeline Integrity Management (PIM) is the process of continuous inspection of pipelines that transport oil and natural gas to ensure their efficiency and reliability. Public safety and environmental concerns are factors as an important consideration when building pipelines. Since these pipelines carry flammable gases and liquids at high pressures, any leaks or accidents during operation will be harmful to the environment and great life Pipeline owners and operators and manage PIM systems. All aspects of the pipeline life cycle, from design through engineering, design, construction, operation, inspection, and finally maintenance/replacement when needed, are addressed in the operational plan.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Refined Products
Fastest Growth
Growth Rate
4.34% CAGR
Global Pipeline Integrity Market ($ Bn)
Country Share for North America Region (%)
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Pipeline Integrity Market Segmental Analysis
Based on type, the market can be bifurcated into onshore and offshore. The pipeline integrity market segmentation, based on product, includes oil, gas, and refined products. By service, the market is divided into inspection services, cleaning services, repair and refurbishment services, and monitoring services. Based on sector, the pipeline integrity management market is segmented into crude oil and natural gas. By region, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Analysis by Product
The gas segment is expected to grow at a CAGR of 4.34% during the period under review, driven by liquefied natural gas (LNG) and shale gas, which generate significant market revenue and the larger market share, because of the greater need for safety, cheap and reliable grid connectivity. Gas types such as natural gas, NGLs, shale gas, CSG and CBM are considered. Gas pipes are more susceptible to wear and tear than pipes. Pipeline manufacturers insist on ensuring that their projects comply with all applicable environmental standards.
In the context of the pipeline integrity market, the term "sophisticated segment" refers to a refined products segment of the market. The pipeline integrity market includes technologies, services and solutions aimed at maintaining flow machine operation as a safe and reliable operation. The sophisticated segment could focus on the development and deployment of advanced pipeline monitoring technologies. This can take the form of sophisticated tools such as intelligent pigs (pigs), drones, or robotic systems equipped with sophisticated sensors and imaging capabilities to better assess pipeline conditions.
Analysis by Service
Maintenance and repair lead the pipeline integrity management market in terms of value because it involves the replacement of equipment or parts for a pipeline or its maintenance system, often costing more than inspection or maintenance and can has been particularly dangerous in chemical or oil pipelines and gas fields. Maintenance and construction are essential to prevent damage or total deterioration and as such many end users are willing to invest in repairing and rebuilding water from the source.
Inspection and inspection services are also important and are expected to grow significantly as they help monitor the pipeline's condition, identify any damage or conditions such as corrosion at an early stage. Planned cleaning services are usually an action as they are routinely performed for pipelines which helps prevent corrosion and improve pipeline integrity.
Global Pipeline Integrity Market By Product
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Pipeline Integrity Market Regional Insights
North America in the pipeline integrity market will be characterized by advanced regional pipeline infrastructure, as well as the United States with highly developed oil and gas pipelines and the largest market in the world with many established companies themselves in the region. It has also helped attract investors. Canada is a formidable opponent when it comes to infrastructure to extract oil and gas. The United States leads the world in oil and gas pipeline design and has the highest market share in the country. Several key players in the market have also attracted investment. Canada is also a major force in the establishment of the oil and gas infrastructure. Oil trade with neighboring countries in the South American region also helped the market. For all these reasons, North America holds the largest share in the global market.
Asia-Pacific in the pipeline integrity market is expected to grow at the fastest CAGR from 2024 to 2031, owing to the development of pipeline infrastructure and increasing public awareness about renewable energy. Moreover, the size of pipeline integrity market and market share is the fastest growing market in Asia Pacific. Asia-Pacific is expected to grow at a healthy rate in the coming years owing to increased manufacturing and processing in India and China. The region has also risen as one of the largest energy consumers in the last decade, fueling imports from the Middle East.
Global Pipeline Integrity Market By Region
- Largest
- Fastest
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Pipeline Integrity Market Dynamics
Drivers
- Increased Energy Requirements from Multiple Industries
The growing population and the migration of people from rural to urban areas increases the demand for energy from any utility industry. Currently, renewable energy is in the early stages of adoption, and oil and gas still fill a significant portion of electricity generation and energy. This resource will undoubtedly boost global oil and gas demand to higher levels in the coming years. According to a United Nations report, 68% of the world’s total population is expected to live in cities by 2050, which is currently 55% by 2018. This will affect manufacturing, supply chains, transportation networks, therefore increasing market growth.
Increased Cross-border Trade in Oil and Gas
- Not every country has reserves of crude oil and natural gas, over the past decade, cross-border oil and gas trade has grown as each country’s energy demand has grown has increased and this has led to the construction of offshore pipelines for crude oil and natural gas. For example, oil giants such as Russia, the United States, Kuwait and Saudi Arabia drive huge demand for oil from many countries such as China and India. This trend is expected to continue in the coming years in countries where population growth is expected. This will create a large number of pipelines for interstate commerce that will provide geographic power.
Restraints
- Innovative Products are Increasingly being Adopted
The increasing adoption of renewable energy sources such as solar and wind is one of the biggest risks in the PIM market. Widespread use of these resources due to their environmental and economic benefits would directly eliminate unnecessary oil and gas. This will directly affect oil and gas production negatively, thereby restricting market growth. Here are some of the renewable energy targets that countries have set out to achieve in the coming years. Brazil aims to have 42.5% of its primary energy supply by the end of 2023 renewable.
High Maintenance and Repair Costs
- Maintenance and repair are basically replacing parts or equipment in pipelines and maintenance, which costs more than inspection and cleaning so maintenance and repair parts have been a key segment in the market for years, and this trend is mandated will continue during the forecast period.
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Pipeline Integrity Market Competitive Landscape
The competitive environment of the global Pipeline Integrity market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Established organizations within the industry leverage techniques inclusive of product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market position. Additionally, the market is witnessing elevated opposition from local and neighborhood producers supplying cost-powerful options.
Top Player’s Company Profiles
- Anderson Group (Taiwan)
- MultiCam Inc. (U.S.)
- The Shoda Company (Japan)
- Exel CNC Ltd (U.K.)
- Carbide 3D LLC (U.S.)
- Biesse Group (Italy)
- Thermwood Corporation (U.S.)
- HOMAG Group (Germany)
- ShopSabre (U.S.)
- Komo Machine (U.S.)
- AXYZ Automation Group (Canada)
- Laguna Tools (U.S.)
- Onsrud (U.S.)
- Precix (U.S.)
Recent Developments
- May 2023: ADNOC and Baker Hughes announce an agreement to develop low-carbon, environmentally friendly hydrogen and graphene technology solutions. ADNOC will collaborate with Baker Hughes as a strategic partner to explore and test the use of innovative technologies from Baker Hughes' hydrogen portfolio, followed by a strategic technology cooperation agreement between the two companies signed in February 2022.
- January 2023: Wolftank Group and Enermec agree to a distribution agreement. The partnership will see fueled hydrogen delivered to industrial sites across Australia and New Zealand as companies work to reduce their reliance on fossil fuels in their transport fleets for consumption meeting the zero-carbon goals.
- January 2021 - Awarded Integrity management and fabric protection contract for Neptune Energy-powered gas production platform Cygnus to Oceaneering & Stork Following the contract, the company delivers integrity services to cover pressure systems, construction integrity, pipelines, sediment management and coastal management will provide services. The contracts are for three years and are worth approximately US$100,000. $6.5 million with two one-year options for extension.
Pipeline Integrity Key Market Trends
Rise in the Use of Natural Gases
- Gasoline has lower levels of harmful natural gas than other petroleum products. This has made natural gas the fuel of choice in the transportation (CNG) industry, power generation and industrial sectors. Developed and developing countries are looking to increase the use of natural gas in various end-use industries by replacing coal and oil with natural gas in possible scenarios in all cases. This has led to the construction of new natural gas pipelines in various countries and opened opportunities for market players to offer their pipeline integrity measures.
Pipeline Integrity Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Increasing energy demand has led to the expansion of oil and gas pipelines in various countries. Besides, the safety of the pipeline industry is one of the major concerns and the government has put in place stringent regulations to ensure maximum safety, efficiency and timely inspections adequately to avoid accidents such as slippage accidents. The increasing adoption of renewable energy sources such as solar and wind is one of the biggest risks in the PIM market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.95 billion |
| Market size value in 2031 | USD 2.86 billion |
| Growth Rate | 4.34% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Pipeline Integrity Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Pipeline Integrity Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Pipeline Integrity Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Pipeline Integrity Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Pipeline Integrity Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Pipeline Integrity Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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