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Pipeline Integrity Management Market 2023 - Industry Size, Business Segments, Innovative Strategies And Outlook by 2032
Pipeline Integrity Management Market
Pipeline Integrity Management Market Size, Growth Rate, And Forecast
The global pipeline integrity management market is expected to grow from $9.06 billion in 2022 to $9.60 billion in 2023 at a compound annual growth rate (CAGR) of 6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The pipeline integrity management market is expected to grow to $11.63 billion in 2027 at a CAGR of 4.9%.
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Pipeline Integrity Management Market Drivers
The significant expansion of the oil and gas pipeline network is driving the growth of the pipeline integrity management (PIM) market going forward. Pipeline integrity management (PIM) is a method that pipeline operators employ to assure the safety of a pipeline from conception through retirement. It is a collection of activities aimed at ensuring pipeline integrity.
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Pipeline Integrity Management Market Segments
• By Service Type: Inspection Services, Cleaning Services, Repair and Refurbishment Services
• By Sector: Crude Oil, Natural Gas
• By Location of Deployment: Onshore, Offshore
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Pipeline Integrity Management market.
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Pipeline Integrity Management Market Key Players
Major competitors in the Pipeline Integrity Management market include T. D. Williamson Inc., Bureau Veritas, Emerson Electric Co., Baker Hughes Company, TÜV Rheinland, SGS S A.
The Business Research Company's "Global Pipeline Integrity Management Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Pipeline Integrity Management Market Include:
1. Executive Summary
2. Pipeline Integrity Management Market Characteristics
3. Pipeline Integrity Management Market Trends And Strategies
4. Pipeline Integrity Management Market - Macro Economic Scenario
5. Pipeline Integrity Management Market Size And Growth
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26. Africa Pipeline Integrity Management Market
27. Pipeline Integrity Management Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Pipeline Integrity Management Market
29. Pipeline Integrity Management Market Future Outlook and Potential Analysis
30. Appendix
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