Press release
Comprehensive Real-Time Pipeline Monitoring Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034
Real Time Pipeline Monitoring Market
The real-time pipeline monitoring market has grown strongly in recent years. It will rise from $9.44 billion in 2024 to $10.17 billion in 2025, at a CAGR of 7.7%. This growth is attributed to adherence to pipeline safety guidelines, an increasing demand for real-time monitoring, the need for advanced monitoring systems, and the desire to identify cost-reduction measures.
The real-time pipeline monitoring market is projected to grow strongly, reaching $13.49 billion by 2029 at a CAGR of 7.3%. This growth is driven by stringent government regulations, the adoption of real-time monitoring solutions, growing environmental awareness, the need to mitigate the environmental impact of pipeline incidents, and rising demand for monitoring technologies. Major trends include advancements in IoT, big data analytics, and AI, as well as product innovation, technology for improved accuracy and efficiency.
What Is Stimulating Growth in the Real-Time Pipeline Monitoring Market?
The global expansion of pipeline networks is projected to boost the growth of the real-time pipeline monitoring market. Pipeline networks are interconnected systems of pipes designed to transport fluids, gases, or other substances over long distances. The increasing demand for pipeline networks stems from their ability to efficiently and cost-effectively transport fluids and gases, making them a crucial component of multiple industries. Real-time pipeline monitoring systems help ensure the safety and efficiency of these networks by continuously tracking parameters like pressure, flow rates, and temperature, allowing for the early detection and resolution of potential issues such as leaks or blockages, thereby minimizing accidents and operational disruptions. For instance, in December 2023, the Global Energy Monitor, a US-based non-governmental organization, reported that 69,700 kilometers of gas transmission pipelines were under construction globally, amounting to $193.9 billion-an 18% increase compared to the previous year. Asia accounted for 82% of this construction, totaling $117.2 billion, primarily driven by China and India. Additionally, there are plans for an extra 228,700 kilometers of pipelines, valued at $723 billion. Thus, the global expansion of pipeline networks is accelerating the growth of the real-time pipeline monitoring market.
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Which Key Market Leaders Are Driving Real-Time Pipeline Monitoring Industry Growth?
Major companies operating in the real-time pipeline monitoring market report are Huawei Technologies Co. Ltd.; Hitachi Ltd.; Siemens AG; General Electric Company; Cisco Systems Inc.; Mitsubishi Electric Corporation; Schneider Electric SE; Honeywell International Inc.; Enbridge Inc.; ABB Ltd.; Toshiba Corporation; Emerson Electric Co.; TC Energy Corporation; Wabtec Corporation; Rockwell Automation Inc.; Xylem; Atmos Energy Corporation; Yokogawa Electric Corporation; QinetiQ Group plc; Kamstrup AS; ORBCOMM Inc.; Perma-Pipe International Holdings Inc.; Syrinix Ltd.
What Are the Emerging Trends in the Real-Time Pipeline Monitoring Industry?
Major companies in the real-time pipeline monitoring market are focusing on high-frame-rate cameras to improve detection capabilities. A camera with 150 frames per second (fps) ensures rapid and accurate event capture, which is crucial for identifying changes in flow and pipeline issues. For example, in February 2024, Process Vision Ltd, a UK-based industrial equipment manufacturer, launched the LineVu camera. This high-resolution imaging system operates 24/7 and includes automatic contamination detection alarms. With a thermal performance range of 30°C (86°F) to 55°C (131°F), the camera offers superior clarity for gas pipeline monitoring. It can be easily mounted using a 3" #900 RTJ flanged connection, with additional options for threaded or other flange connections via adapters.
What Are the Main Segments in the Real-Time Pipeline Monitoring Market?
The real-time pipeline monitoring market covered in this report is segmented -
1) By Technology: Pipeline Inspection Gauges (PIGs), Smart Ball, Acoustic, Fiber Optic Technology, Mass Volume, Light Detection And Ranging (LIDAR), Vapor Sensing, Other Technologies
2) By Pipe Type: Metallic, Non-Metallic, Other Pipes
3) By Application: Leak Detection, Operating Condition, Pipeline Break Detection, Other Applications
4) By Industrial Vertical: Oil And Gas, Water And Wastewater, Other Industrial Verticals
Subsegments:
1) By Pipeline Inspection Gauges (Pigs): Magnetic Flux Leakage (MFL) Pigs, Ultrasonic Pigs, Eddy Current Pigs
2) By Smart Ball: Battery-Powered Smart Ball, Gas Leak Detection Smart Ball, Pipeline Integrity Smart Ball
3) By Acoustic: Acoustic Emission Technology, Ultrasonic Acoustic Monitoring, Acoustic Leak Detection
4) By Fiber Optic Technology: Distributed Temperature Sensing (DTS), Distributed Acoustic Sensing (DAS), Fiber Optic Pressure Sensors
5) By Mass Volume: Mass Flow Measurement, Volume Flow Monitoring Systems
6) By Light Detection And Ranging (LIDAR): Lidar For Pipeline Inspection, Lidar For Topography And Mapping
7) By Vapor Sensing: Gas Vapor Detection Systems, VOC (Volatile Organic Compound) Sensors
8) By Other Technologies: Remote Sensing Technologies, Drone-Based Monitoring Systems
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Which Geographic Area Leads the Real-Time Pipeline Monitoring Market?
North America was the largest region in the real-time pipeline monitoring market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the real-time pipeline monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Real-Time Pipeline Monitoring Global Market Report?
- Market Size Analysis: Analyze the Real-Time Pipeline Monitoring Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Real-Time Pipeline Monitoring Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Real-Time Pipeline Monitoring Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Real-Time Pipeline Monitoring Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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