USD 15.62 billion
Pipeline Monitoring Systems Market Size, Share, Growth Analysis, By Technology(PIGs, Smart Ball, Acoustic/Ultrasonic, Magnetic Flux Leakage Technology), By Application(Leak Detection, Operating Condition, Pipeline Break Detection, Others), By Pipe Type(Metallic, Non-metallic, Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45O2023 |
Region:
Global |
Published Date: March, 2024
Pages:
197
|Tables:
97
|Figures:
76
Pipeline Monitoring Systems Market Insights
Global Pipeline Monitoring Systems Market size was valued at USD 15.62 billion in 2022 and is poised to grow from USD 16.82 billion in 2023 to USD 30.45 billion by 2031, growing at a CAGR of 7.70% during the forecast period (2024-2031).
The expansion of the pipeline monitoring system market is attributed to the escalating installations of pipelines employed for the global transportation and distribution of oil and gas resources. This growth is further propelled by the mounting occurrences of leakages due to pipeline corrosion, thereby underscoring the imperative for pipeline monitoring systems. To curtail wastage, minimize environmental impact, and bolster safety, oil and gas manufacturers are swiftly embracing monitoring solutions. The integration of leak detection systems has ushered in a realm of safety, operational feasibility, real-time analysis, and heightened performance, largely attributed to the augmented pipeline infrastructure.
Notably, the deployment of pipeline monitoring and detection systems has yielded a multifaceted impact, encompassing the reduction of geo-hazards, internal leakage, ruptures, and thefts. Moreover, the introduction of pigging technology, seamlessly assimilated into both established and emerging pipelines, exerts a positive influence on market growth. This innovative technology undertakes a spectrum of operations, ranging from maintenance and inspection to dimensioning and pipeline testing.
The applications of pipeline monitoring systems span a diverse array, including plants, refineries, wet gas, crude pipelines, offshore platforms, and pipeline terminals. These systems facilitate the precise, real-time assessment of parameters such as internal corrosion, fluid characteristics, and gas content. The progression of technological elements within pipeline infrastructure, including Distributed Vibration Sensing (DVS)/Distributed Acoustic Sensing (DAS), Distributed Temperature Sensing (DTS), and Programmable Logic Controller (PLC), has significantly enriched downstream monitoring capabilities, interface intuitiveness, and detection algorithms. This evolving technological prowess, seamlessly embedded within monitoring systems, forms a formidable driving force behind the robust expansion of the pipeline monitoring system market.
US Pipeline Monitoring Systems Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Non-metallic
Fastest Growth
Non-metallic
Growth Rate
7.70% CAGR
Global Pipeline Monitoring Systems Market ($ Bn)
Country Share for North America Region (%)
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Pipeline Monitoring Systems Market Segmental Analysis
The global pipeline monitoring systems market is segmented on the basis of technology, application, pipe type, end - use, region. By technology, the market is segmented into pigs, smart ball, acoustic/ultrasonic, magnetic flux leakage technology, fiber optic technology, mass volume/balance, lidar, vapor sensing, others. By application, the market is segmented into leak detection, operating condition, pipeline break detection, others. By pipe type, the market is segmented into metallic, non-metallic, others. By end – use, the market is segmented into crude & refined petroleum, water & wastewater, and others .By region, the market is segmented into North America, Europe, Latin America, Asia- Pacific, Middle East and Africa.
Pipeline Monitoring Systems Market Analysis By Pipe
Within the pipeline monitoring system market, the foremost segment, as categorized by pipe type, is expected to be the metallic pipes segment. This category encompasses an array of pipe variations, including ductile iron pipes, stainless steel pipes, aluminum pipes, and other variants like cast-iron pipes, corrugated pipes, and copper pipes, all classified under the umbrella of metallic pipes.
The preference for steel-based pipes, particularly those crafted from stainless steel, is notably pronounced within end-user industries due to their enhanced resistance to corrosion. This is of paramount importance, as iron-based pipes, when exposed to highly oxygenated water steam, can potentially undergo corrosion deterioration. The intrinsic susceptibility of metallic pipes to corrosion, especially when compared to their non-metallic counterparts, underscores the significance of materials selection to ensure prolonged pipeline integrity.
Pipeline Monitoring Systems Market Analysis By End - Use
The dominant segment within the pipeline monitoring system market, based on the end-use industry, is anticipated to be the crude and refined petroleum sector. Crude oil, in its unrefined state, is a naturally occurring form of petroleum. Renowned as a primary energy source for the energy and power sectors, crude oil undergoes refining processes to yield petroleum, gasoline, diesel, and essential petrochemicals. This non-renewable resource, often referred to as a fossil fuel, is strategically categorized into oil, natural gas, and biofuels—each of these vital components is efficiently transported via expansive pipeline networks.
The demand for pipeline monitoring systems is particularly pronounced within the crude and refined petroleum domain. These systems, equipped with comprehensive end-to-end monitoring and security solutions, address the critical need for ensuring the safe, reliable, and secure transportation of oil and gas resources. The global significance of oil and gas pipelines as cost-effective, efficient, and dependable conduits for transporting energy commodities across vast distances underscores the substantial market potential for pipeline monitoring systems in this sector.
Global Pipeline Monitoring Systems Market By Pipe Type
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Pipeline Monitoring Systems Market Regional Insights
In 2022, North America emerged as the dominant player, commanding a substantial market share of approximately 34.4% in terms of value. Renowned for its historical prominence, North America has consistently occupied a pivotal position within the pipeline monitoring systems market. The region's unparalleled commitment to innovation has propelled it to the forefront, boasting remarkable strides in both product excellence and real-world applicability. Notably, North America's robust oil and gas exploration and production endeavors have catalyzed a heightened demand for cutting-edge pipeline monitoring systems.
The proliferation of pipelines spanning the expanse of North American nations, including the United States, Canada, and Mexico, has triggered a collaborative effort among oil and gas enterprises, governmental entities, and environmental watchdogs. This collective initiative is geared towards averting potential catastrophes like oil spills and gas leaks. The overarching goal is to fortify safety measures and bolster environmental protection through the vigilant deployment of state-of-the-art monitoring solutions.
In a parallel narrative, the Asia-Pacific region emerges as the runner-up to North America in terms of market share. As an evolving economic powerhouse, Asia-Pacific experiences a burgeoning demand for pipeline monitoring systems, fueled by escalating industrial activities and infrastructure expansion. While North America commands the current stage, the Asia-Pacific landscape exhibits promise and potential, poised to play an increasingly pivotal role in the global pipeline monitoring systems market.
Global Pipeline Monitoring Systems Market By Geography
- Largest
- Fastest
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Pipeline Monitoring Systems Market Dynamics
Pipeline Monitoring Systems Market Drivers
Growing Pipeline Infrastructure
- Expanding pipeline networks, particularly in the oil, gas, and water sectors, drive the demand for effective monitoring systems to ensure safe and efficient transportation of resources.
Preventive Maintenance
- The need to prevent costly and hazardous pipeline failures is a major driver, as monitoring systems enable early detection of leaks, corrosion, and other issues, minimizing risks and downtime.
Pipeline Monitoring Systems Market Restraints
Data Security Concerns
- Collecting and transmitting sensitive pipeline data remotely raises cybersecurity concerns, necessitating robust measures to protect against potential breaches.
Operational Challenges
- Integrating new monitoring technologies with existing pipeline infrastructure and processes can pose operational challenges and require workforce training.
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Pipeline Monitoring Systems Market Competitive Landscape
The global pipeline monitoring systems market boasts a dynamic and competitive landscape, defined by the fusion of cutting-edge technology and an ever-growing emphasis on pipeline safety and operational optimization. Established industry players like Honeywell, Siemens, and General Electric lead the forefront with their innovative monitoring solutions. These industry giants leverage advanced sensors, data analytics, and remote monitoring capabilities to ensure real-time insights into pipeline integrity and performance.
Furthermore, a proliferation of emerging players, often specializing in niche segments, injects diversity and innovation into the market. Collaboration between traditional leaders and agile startups propels the development of comprehensive and adaptable monitoring systems. As pipeline networks expand globally, particularly in energy and hydrocarbon sectors, the demand for advanced monitoring systems surges.
Pipeline Monitoring Systems Market Top Player’s Company Profiles
- Siemens AG
- Honeywell International Inc.
- Schneider Electric SE
- Emerson Electric Co.
- ABB Ltd.
- General Electric Company
- Enbridge Inc.
- TransCanada Corporation (now known as TC Energy)
- Atmos International
- Baker Hughes Company
- Pure Technologies Ltd. (Acquired by Xylem Inc.)
- PSI AG
- Perma-Pipe International Holdings, Inc.
- Siemens AG
- Senstar Corporation
- Yokogawa Electric Corporation
- OptaSense (QinetiQ Group)
- Pentair plc
- ClampOn AS
- Rohrback Cosasco Systems (Acquired by Halma plc)
Pipeline Monitoring Systems Market Recent Developments
- In May 2021, a strategic cooperation pact was inked between Huawei and SINO-PIPELINE International in Shenzhen.
- In March 2021, the merger between TC Energy Corporation (TC Energy) and TC PipeLines, LP (TCP) was successfully concluded as per the terms laid out in the merger agreement and plan, dated December 14, 2020.
Pipeline Monitoring Systems Key Market Trends
- Remote Monitoring and Control: Remote monitoring solutions are gaining traction, allowing operators to monitor pipelines from a centralized location, enhancing operational efficiency and reducing the need for manual intervention.
- Integration of Sensors: The integration of various sensors, including leak detection, pressure, temperature, and corrosion sensors, enables comprehensive monitoring, early detection of anomalies, and timely preventive actions.
Pipeline Monitoring Systems Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global pipeline monitoring systems market analysis, the global pipeline monitoring systems market presents a landscape shaped by robust technological advancements and heightened emphasis on safety and operational efficiency. The market's evolution is underscored by the adoption of advanced sensors, real-time data analytics, and remote monitoring solutions, enabling proactive maintenance and risk mitigation. As pipeline networks expand globally, particularly in the energy and oil sectors, the demand for effective monitoring systems is set to surge. Regulatory mandates for environmental protection and pipeline integrity further bolster the market's trajectory. Collaborations between industry stakeholders and integration of artificial intelligence are poised to drive innovation and offer substantial growth opportunities. The market's future hinges on its ability to navigate these dynamics, ensuring reliable and secure transportation of resources through effective monitoring and predictive maintenance solutions.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 15.62 billion |
| Market size value in 2031 | USD 30.45 billion |
| Growth Rate | 7.70% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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 |
|
| 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 Monitoring Systems 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 Monitoring Systems 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 Monitoring Systems 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 Monitoring Systems 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 Monitoring Systems Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Pipeline Monitoring Systems 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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