Report ID: UCMIG45O2019
Report ID:
UCMIG45O2019 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The market size of global pipeline monitoring systems was estimated at USD 14.12 billion in 2021 and is projected to grow at a CAGR of 7.7% from 2022 to 2030. The growth of the pipeline monitoring system market is primarily driven by the increasing installation of pipelines for the transportation and distribution of oil and gas worldwide. Additionally, the rising incidence of pipeline leakages caused by corrosion is boosting the demand for pipeline monitoring systems.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Semiconductors by segment aggregation, the contribution of the Semiconductors in Semiconductors & Semiconductor Equipment and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG45O2019