Global Pipeline Integrity Market

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.

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FAQs

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).

The competitive environment of the 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. '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.)'

Increased Energy Requirements from Multiple Industries

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.

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 market.

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Global Pipeline Integrity Market

Report ID: SQMIG15F2161

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