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Pipeline Integrity Market worth $4.08 billion by 2030, growing at a CAGR of 6.44% - Exclusive Report by 360iResearch
Pipeline Integrity Market | 360iResearch
The Global Pipeline Integrity Market to grow from USD 2.64 billion in 2023 to USD 4.08 billion by 2030, at a CAGR of 6.44%.
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The pipeline integrity encompasses products and services to ensure safe, efficient, and reliable transportation of fluids through pipelines. These fluids include crude oil, natural gas, refined petroleum products, water, and chemicals. Pipeline integrity services are significantly adopted by chemicals, construction, oil & gas power generation industries for the maintenance and inspection of pipelines and to ensure their safe and efficient operation. The increasing energy demand, the need for reliable and safe oil & gas transportation, and the aging infrastructure of existing pipelines significantly boost the market growth. However, the high cost of pipeline integrity services and limited technical expertise make it difficult for the market players to provide high-quality pipeline integrity services in these areas. Furthermore, the development of new sources of natural gas, including shale gas deposits, and the resulting price pressure are increasing the international trade of natural gas and the need for pipeline integrity solutions. The new technological advancements in the market, including in-line inspection tools, drone technology, and advanced corrosion monitoring, are helping pipeline operators improve the safety and efficiency of their operations, reduce downtime, and increase the lifespan of the pipelines.
The demand and usage of pipeline integrity products are high across North America, Europe, and developed parts of the Middle East and Asia-Pacific. Major proposed and under construction oil & gas projects in the United States, India, China, Russia, Tanzania, Canada, Iran, Kenya, and other countries, including Ridgeline Expansion Project in Tennessee, Driftwood Pipeline expansion in Louisiana, 2,775-km Iran-Pakistan Pipeline, and the 2,655-km Jagdishpur-Haldia-Bokaro-Dhamra Natural Gas Pipeline (JHBDPL) in India to meet the growing demand for energy from manufacturing, metallurgy, and other energy-intensive sectors provide huge opportunities for the pipeline integrity market players. The monetary and resource loss incurred due to leaks and attacks on oil & gas pipelines in economies worldwide has encouraged the regulatory bodies to strengthen pipeline integrity management requirements. Unregulated pipelines are being converted into regulated pipelines with the implementation of expedited reporting requirements and increased cathodic protection requirements. As a result, pipeline operators are working with vendors to reevaluate and upgrade their pipeline networks.
Market Segmentation & Coverage:
This research report categorizes the Pipeline Integrity Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Gas, Oil, and Refined Products. The Gas commanded largest market share of 42.00% in 2023, followed by Oil.
Based on Service, market is studied across Inspection Services, Monitoring Services, and Testing Services. The Monitoring Services commanded largest market share of 35.29% in 2023, followed by Inspection Services.
Based on Application, market is studied across Offshore and Onshore. The Onshore commanded largest market share of 72.70% in 2023, followed by Offshore.
Based on End Use, market is studied across Chemicals, Construction, Oil & Gas, Power Generation, and Water & Waste. The Oil & Gas commanded largest market share of 41.24% in 2023, followed by Power Generation.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 35.95% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Pipeline Integrity Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Pipeline Integrity Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Pipeline Integrity Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Aegion Corporation, Applus+ Group, Asset Integrity Engineering (Fze), Audubon Inspection Solutions LLC, Black Hills Corporation, DNV AS, Dominion Energy, Inc., Emerson Electric Co., ENBRIDGE Inc., EnerMech, Force Technology, General Electric Company, H&M Shared Services, Inc., Hyundai Steel, IKM Gruppen AS, Infosys Limited, Intero Integrity Services B.V., Intertek Group PLC, JAN X-Ray Services, Inc., Larsen & Toubro Infotech Limited, LIN SCAN, Matcor, Inc., NDT Global, NiGen International L.L.C., NW Natural, Pond & Company, ROSEN Swiss AG, Schlumberger Limited, Schneider Electric SE, SGS SA, T.D. Williamson, Inc., Thyssengas GmbH, TÜV Rheinland, and USA DeBusk.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Pipeline Integrity Market, by Product
7. Pipeline Integrity Market, by Service
8. Pipeline Integrity Market, by Application
9. Pipeline Integrity Market, by End Use
10. Americas Pipeline Integrity Market
11. Asia-Pacific Pipeline Integrity Market
12. Europe, Middle East & Africa Pipeline Integrity Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Pipeline Integrity Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Pipeline Integrity Market?
3. What is the competitive strategic window for opportunities in the Pipeline Integrity Market?
4. What are the technology trends and regulatory frameworks in the Pipeline Integrity Market?
5. What is the market share of the leading vendors in the Pipeline Integrity Market?
6. What modes and strategic moves are considered suitable for entering the Pipeline Integrity Market?
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About 360iResearch
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