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 2024-2031

Global Pipeline Integrity Market size was valued at USD 1.95 billion in 2022 and is poised to grow from USD 2.03 billion in 2023 to USD 2.86 billion by 2031, growing at a CAGR of 4.34% in the forecast period (2024-2031).

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.