Report ID: SQMIG15F2161
Report ID:
SQMIG15F2161 |
Region:
Global |
Published Date: March, 2024
Pages:
157
|
Tables:
115 |
Figures:
71
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.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG15F2161