Press release
Pipeline Monitoring System Market Analysis and Forecast Industry Trends, Market Segments | Industry Landscape, Key Players Strategy - 2023
Market SynopsisThe pipeline monitoring systems market is being driven majorly by its ability to detect small leaks or damages and at the same time monitoring for external pipeline threats for the prevention of leaks. Other factors driving the growth of the market are increase in number of oil & gas leakages in production, pipelines, and storage tanks due to natural disasters and high pressure along with stringent government regulations for pipeline safety. However, the growth of this market is expected to be restrained by factors such as limited awareness about monitoring implementation and availability of low funds.
Major Key Players:-
The key players of global Pipeline Monitoring System market report include- ABB (Switzerland), Emerson (U.S.), Honeywell International (U.S.), Schneider Electric (France), Siemens AG (India), Badger Meter (U.S.), Bentek Systems Ltd. (Canada), General Electric (U.S.), HollySys Automation Technologies (China) and Inductive Automation (U.S.) among others.
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Market Segmentations:-
Based on all types of pipeline monitoring systems, the market can be segmented as metallic, non-metallic, concrete pipes and asbestos cement pipes. Among these, metallic pipes segment is expected to grow the highest during the forecast period. These pipes are being preferred as compared to other pipe types due to its high strength, irrespective of the liquids that they will carry. Metallic pipes also possess high strength, making them the fastest-growing type of pipe in the pipeline monitoring systems market.
Regional Analysis:-
North America is expected to dominate global pipeline monitoring systems market followed by Europe and Asia-Pacific. The growth in North America region can be attributed to the continuous increase in oil & gas exploration & production activities in the region. The Asia-Pacific region is projected to grow at the highest CAGR due to the existence of developing nations such as India where large number of pipelines are being laid down for the purpose of oil and gas and water transportations across the nations.
LIST OF TABLES:-
TABLE 1 GLOBAL PIPELINE MONITORING SYSTEM MARKET, BY TYPE
TABLE 2 GLOBAL PIPELINE MONITORING SYSTEM MARKET, BY TECHNOLOGY
TABLE 3 GLOBAL PIPELINE MONITORING SYSTEM MARKET, BY APPLICATION
TABLE 4 GLOBAL PIPELINE MONITORING SYSTEM MARKET, BY REGIONS
TABLE 5 NORTH AMERICA PIPELINE MONITORING SYSTEM MARKET, BY TYPE
TABLE 6 NORTH AMERICA PIPELINE MONITORING SYSTEM MARKET, BY TECHNOLOGY
TABLE 7 NORTH AMERICA PIPELINE MONITORING SYSTEM MARKET, BY APPLICATION
TABLE 8 U.S. PIPELINE MONITORING SYSTEM MARKET, BY TYPE
TABLE 9 U.S. PIPELINE MONITORING SYSTEM MARKET, BY TECHNOLOGY
TABLE 10 U.S. PIPELINE MONITORING SYSTEM MARKET, BY APPLICATION
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