Pipeline Integrity Management Market Report 2023-2032: Market Size, Growth Drivers And Key Trends

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Pipeline Integrity Management Global Market Report 2023 identifies expansion of the oil and gas pipeline network as the major driver for the Pipeline Integrity Management market's growth in the forecast period. 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. Pipeline integrity management in oil and gas pipeline networks contributes to the safety of hazardous liquids and natural gas transportation by increasing integrity assessments to avoid leaks or ruptures during routine operations and emergencies.

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 market size of global pipeline integrity management market is expected to grow to $11.63 billion in 2027 at a CAGR of 4.9%.

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Major competitors in the Pipeline Integrity Management market are T. D. Williamson Inc., Bureau Veritas, Emerson Electric Co., Baker Hughes Company, TÜV Rheinland, SGS S A.

A key trend in the Pipeline Integrity Management market includes product innovations. Major companies operating in the market are focused on research and development for product innovations to sustain their position in the pipeline integrity management (PIM) market. For instance, in November 2021, Schneider Electric SE, a France-based company operating in the digital transformation of energy management and automation, partnered with Prisma Photonics, an Israel-based company operating in designing and manufacturing fiber sensing for oil and gas infrastructure, and introduced PrismaFlow with its Hyper-ScanTM technology and the integration of real-time intelligence and precise monitoring to prevent accidental and malicious activity, which enhances efficiency and sustainability in energy transportation via pipelines and avoids resource loss.

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The Pipeline Integrity Management market is segmented -

• 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. Asia-Pacific was the largest region in the Pipeline Integrity Management market.

The Business Research Company's "Global Pipeline Integrity Management Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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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
……
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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