Pipeline Monitoring System Market Analysis | 2024-2030

Market Insights

The pipeline monitoring system market was estimated at USD 15.7 billion in 2023 and is likely to grow at a CAGR of 7.65% during 2024-2030 to reach USD 26.38 billion in 2030.

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Market Dynamics

Introduction

Pipeline monitoring systems are used to evaluate corrosion and bacteriological control programs in pipelines. The system is used to collect data for pipeline risk evaluation and integrity monitoring to satisfy regulatory monitoring requirements.

COVID-19 IMPACT

The oil & gas industry has been highly affected by the global pandemic in the year 2020. The hit that the oil & gas industry took also affected the development of the pipeline monitoring system market. Monitoring system deployment projects were delayed during the pandemic due to a lack of workforce. These factors negatively affected the growth of the pipeline monitoring system market.

Market Drivers

The major factors driving the growth of the pipeline monitoring system market are:

• Rising energy demand.
• Increasing the number of oil & gas leakages during the production process.

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Key Players

Some of the major pipeline monitoring system players are-

• Orbcomm Inc.
• Transcanada
• Honeywell International Inc
• PSI AG
• Siemens AG
• Huawei Technologies Co. Ltd.
• Bae Systems Inc.
• Pure Technologies
• C-Fer Technologies
• Perma-Pipe Inc.

Note: The above list does not necessarily include all the top players in the market.

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Segments Analysis

By Pipe Type

Based on the pipe type, the market is segmented as metallic, non-metallic, and others. The metallic segment held the largest share of the market in 2023 and is expected to remain dominant during the forecast period. The significant share of the metallic segment is attributed to metals being the major materials for the construction of pipes owing to durability and corrosion resistance.

By Technology Type

Based on the technology type, the pipeline monitoring system market is segmented as ultrasonic, PIG, electronics and semiconductors, coating, fiber optic technology, energy, and others. The ultrasonic segment accounted for the largest share by technology in 2023, owing to stringent regulations for the safety and security of pipelines coupled with pipeline upgradation and expansion. The segment is likely to lead the market during the forecast period as well.

By Solution Type

Based on the solution type, the market is segmented as leak detection, operating condition, pipeline break detection, and others. The leak detection segment held the largest share of the market in 2023 and is expected to remain dominant during the forecast period. The significant share of the leak detection segment is attributed to huge investments in pipeline monitoring infrastructures by oil & gas companies.

By End-Use Industry Type

Based on the end-use industry type, the pipeline monitoring system market is segmented as crude & refined petroleum, water & wastewater, and others. The crude & refined petroleum segment accounted for the largest share in 2023, owing to the higher stakes involved, and the segment is estimated to maintain its dominance during the forecast period as well.

Regional Insights

In terms of regions, North America is estimated to be the largest market for pipeline monitoring systems during the forecast period. On the other hand, the Asia-Pacific market is expected to grow with a lucrative CAGR on account of the rapid construction of new pipelines in developing nations of the region, with China and India as the major growth engines.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s pipeline monitoring system market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The pipeline monitoring system market is segmented into the following categories:

By Pipe Type

• Metallic Pipes
• Non-Metallic Pipes
• Others

By Technology Type

• Ultrasonic
• PIG
• Smart Ball
• Magnetic Flux Leakage
• Fiber Optic Technology
• Others

By Solution Type

• Leak Detection
• Operating Condition
• Pipeline Break Detection
• Others

By End-Use Industry Type

• Crude & Refined Petroleum
• Water & Wastewater
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the pipe types by technology type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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