Press release
Pipeline Integrity Management Market Global Report 2022-27 | Size is Estimated to Cross US$ 11.93 Billion By 2027
Industry Definition and Application:
Pipeline integrity management (PIM) refers to a system that comprises of surveillance cameras, temperature sensors, and fiber-optic cables custom-built for inspecting leakages and preventing hazards. It aids in pressure testing, evaluating soil conditions and discontinuities in the pipelines. PIM ensures the operators can determine the time of a failure based on the corrosion rate and spots on a pipeline that are most susceptible to corrosion. Consequently, it finds widespread applications across numerous pipeline processes, such as Healthy, Safety, and Environment (HSE) engineering, inspection services, repair and refurbishment services, etc.
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What are the major drivers for the pipeline integrity management market?
The expanding oil and gas pipeline networks to cater to the growing energy requirements of people migrating from rural to urban areas are primarily driving the global pipeline integrity management market. Besides this, the implementation of various stringent regulations by the government bodies aimed at restricting mishappenings, including leakages and accidents, in operations of the pipeline is further augmenting the market growth. Additionally, the escalating construction of natural gas pipelines that emit less harmful emissions as compared to coal and gasoline is acting as another significant growth-inducing factor.
Apart from this, the inflating need for sharing real-time information of pipeline networks to control rooms and the launch of digital integrity management systems by the key market players that keep individual pipeline records traceable, complete, and verifiable are anticipated to stimulate the pipeline integrity management market over the forecasted period.
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Report Segmentation:
The report has segmented the market on the basis of region, sector, service type and location of deployment.
Breakup by Sector:
• Crude Oil
• Gas
Breakup by Service Type:
• Inspection Services
• Cleaning Services
• Repair and Refurbishment Services
Breakup by Location of Deployment:
• Onshore
• Offshore
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
List of Major Key Players:
• Aker Solutions ASA
• Baker Hughes Company
• Bureau Veritas
• DNV AS
• Emerson Electric Co.
• Enbridge Inc.
• Infosys Limited
• MATCOR Inc. (Brand Industrial Services Inc.)
• Pembina Pipeline Corporation
• SGS S.A.
• Shawcor Ltd.
• T. D. Williamson Inc.
• TÜV Rheinland.
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