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Pipeline Monitoring Systems Market by Pipe, Technology, Analysis, 2023 | Key Drivers, Restraints, Opportunities
Pipeline Monitoring Systems Market
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The factors that drive the global pipeline monitoring systems industry include growth in leakages in oil & gas industry, government regulations for safety and monitoring, and the need to prevent large storage tanks. In addition, investments made by governments in pipeline infrastructure are expected to boost the pipeline monitoring systems market growth. However, political instability is expected to hamper the pipeline monitoring systems market growth.
The rise in concerns about pipeline security has led to increased expenditure for reliable and authentic monitoring networks by oil & gas companies. Moreover, enhanced adoption of pipelines globally is expected to result in increase in market size by 2022.
Key Segments
The global pipeline monitoring systems market is segmented on the basis of pipe, technology, end user, and geography. Based on pipe, it is divided into metallic pipe and non-metallic pipe. By technology, it is classified into ultrasonic, smart ball, magnetic flux leakage technology, pipeline inspection gauges (PIGs), and others. Based on end user, it is categorized into petroleum, water & wastewater, and others.
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By Region
The pipeline monitoring systems market is analyzed across four regions, namely, North America, Europe, Asia-Pacific, and LAMEA. In addition, rapid development in food & beverage and oil & gas sectors in the emerging areas of Asia-Pacific offers development potential outcomes for market players. Thus, the region is anticipated to grow at the highest rate by 2023.
Key Players
The key pipeline monitoring systems industry players profiled in the report include Orbcomm Inc., Transcanada Company, PSI AG, Pure Technologies, Honeywell International Inc., Perma Pipe Inc., Siemens AG, Huawei Technologies Co. Ltd., BAE Systems, Inc., and Pentair PLC.
Key Benefits
This report provides an in-depth analysis of the global pipeline monitoring systems market to identify the potential investment pockets.
It outlines the current trends and future scenarios to determine the overall market potential and gain stronger market foothold.
Key drivers, restraints, and opportunities and their detailed impact analysis are elucidated.
Quantitative analysis of the market from 2017 to 2023 is highlighted to recognize the financial competency of the market.
Porters Five Forces model illustrates the threat of new entrants and substitutes and strength of the buyers and suppliers.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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