PUBLISHER: DataM Intelligence | PRODUCT CODE: 1304529
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1304529
Global Pipeline Monitoring System Market - 2023-2030
Market Overview
The Global Pipeline Monitoring System Market reached US$ 12.9 billion in 2022 and is expected to reach US$ 22.2 billion by 2030, growing with a CAGR of 7.1% during the forecast period 2023-2030.
The development of innovative technologies, such as fiber optic sensing, distributed acoustic sensing, and satellite monitoring, has revolutionized pipeline monitoring capabilities. These advancements enable real-time monitoring, predictive analytics, and remote operation, enhancing safety and efficiency.
China's ambitious BRI aims to enhance connectivity and trade along the Silk Road Economic Belt and the 21st Century Maritime Silk Road. China has invested heavily in constructing cross-border pipelines to facilitate energy transportation as part of this initiative.
Expanding pipeline networks necessitates implementing advanced pipeline monitoring systems to ensure safe and efficient operations, thereby contributing to market growth. Therefore, China accounted for nearly half of the regional shares and is expected to grow at the highest AGR during the forecasted period.
Market Dynamics
Increasing Incidents of Pipeline Leaks
High-profile pipeline incidents, such as major oil spills or gas leaks, receive significant media attention and public scrutiny. These incidents increase public awareness about the importance of pipeline safety and the need for effective monitoring systems.
They create a sense of urgency among pipeline operators to invest in advanced monitoring technologies to prevent such incidents in the future. The demand for reliable pipeline monitoring systems is driven by the industry's commitment to preventing accidents and minimizing environmental impact.
Therefore, the increasing incidents of pipeline leaks have heightened the awareness of pipeline safety and the need for effective monitoring systems. Environmental concerns, regulatory compliance, economic losses, and technological advancements have collectively driven the demand for pipeline monitoring systems. The industry's commitment to preventing pipeline incidents, protecting the environment, and ensuring pipelines' safe and reliable operation fueled the market growth.
Collaboration with International Companies
Collaboration allows companies to access advanced technologies developed by international partners. International companies may have expertise in fiber optic sensing, satellite monitoring, or data analytics, which can significantly enhance the monitoring capabilities of pipeline systems. Through collaborations, local companies gain access to these technologies, accelerating the adoption of advanced monitoring solutions and driving market growth.
Collaborations often involve joint research and development efforts to advance pipeline monitoring technologies. By pooling resources and expertise, companies can work together to develop innovative solutions that address industry challenges and improve monitoring accuracy, sensitivity, and efficiency. These joint R&D initiatives lead to the introduction of cutting-edge products and technologies, driving market growth.
Lack of Skilled Labors
Prompt response to pipeline incidents is crucial for minimizing the impact and mitigating risks. Skilled labor plays a vital role in detecting and responding to real-time anomalies or leaks detected by the monitoring systems.
A lack of experienced technicians can delay identifying and responding to incidents, potentially prolonging the time to initiate appropriate actions such as shutting down the pipeline or initiating repairs. This delay can increase the potential for environmental damage, operational disruptions, and safety risks.
The lack of skilled labor can hinder the innovation and development of advanced pipeline monitoring technologies. Skilled technicians and engineers are essential for conducting research, developing new monitoring techniques, and implementing technological advancements. The absence of skilled labor can limit the capacity to innovate, slowing the introduction of new and improved monitoring solutions to the market.
COVID-19 Impact Analysis
The pandemic emphasized enhanced safety and risk mitigation in pipeline operations. Pipeline monitoring systems play a critical role in ensuring the integrity of pipelines, detecting leaks, and preventing accidents. The focus on safety and risk management has led to increased investments in pipeline monitoring technologies to enhance operational resilience and minimize the environmental and financial risks associated with pipeline incidents.
Despite the initial disruptions caused by the pandemic, pipeline infrastructure projects continued in various regions. Governments and industry players recognized the long-term importance of energy transportation and continued investing in pipeline projects. These infrastructure developments created opportunities to deploy pipeline monitoring systems, contributing to the market's growth.
Segment Analysis
The Global Pipeline Monitoring System Market is segmented based on solution, operation, application, end-user and region.
Recent Laws on Utilizing Advanced Leakage Detection Systems Aids to the Surge the Demand for Pipeline Monitoring System
Recent laws and regulations prioritize safety in pipeline operations, aiming to minimize accidents and incidents. Advanced leakage detection systems are crucial in ensuring early leak detection, allowing for swift response and risk mitigation measures.
Governments and regulatory bodies have recognized the importance of these systems in preventing accidents, protecting public safety, and reducing the financial and reputational risks associated with pipeline incidents. Consequently, there is an increased demand for pipeline monitoring systems to enhance safety and risk mitigation efforts.
Geographical Analysis
North America's Extensive Pipeline Infrastructure and Advanced Monitoring Technologies
North America has been at the forefront of developing and adopting advanced monitoring technologies for pipeline systems. The region is home to several innovative companies specializing in pipeline monitoring systems, sensors, and data analytics. These companies continually invest in research and development to enhance monitoring capabilities, improve leak detection algorithms, and optimize system performance.
The availability of innovative technologies in North America has positioned the region as a Global Pipeline Monitoring Systems Market leader. Furthermore, the U.S. accounts for over 3/4th of the regional shares and is expected to dominate the regional market with the highest CAGR during the forecasted period.
Competitive Landscape
The major global players include: Hifi Engineering Inc., Honeywell International, Siemens AG, AP Sensing, Schneider Electric, OptaSense Ltd, Huawei, TransCanada Pipelines Ltd, ABB Ltd and Omnisens SA.
Why Purchase the Report?
- To visualize the Global Pipeline Monitoring System Market segmentation based on solution, operation, application, end-user and region and understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous pipeline monitoring system market-level data points with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as Excel consisting of key products of all the major players.
The Global Pipeline Monitoring System Market Report Would Provide Approximately 69 Tables, 74 Figures And 202 pages.
Application 2023
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
Table of Contents
1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
2. Definition and Overview
3. Executive Summary
- 3.1. Snippet by Solution
- 3.2. Snippet by Operation
- 3.3. Snippet by Application
- 3.4. Snippet by End-User
- 3.5. Snippet by Region
4. Dynamics
- 4.1. Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. Increasing Incidents of Pipeline Leaks
- 4.1.1.2. Collaboration with International Companies
- 4.1.2. Restraints
- 4.1.2.1. Lack of Skilled Labors
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis
- 4.1.1. Drivers
5. Industry Analysis
- 5.1. Porter's Five Force Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
6. COVID-19 Analysis
- 6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID
- 6.1.2. Scenario During COVID
- 6.1.3. Scenario Post COVID
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
7. By Solution
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Solution
- 7.1.2. Market Attractiveness Index, By Solution
- 7.2. Remote Sensors*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. Ultrasonic Monitoring System
- 7.4. Fiber Optics
- 7.5. Smart Ball
- 7.6. Magnetic Flux Leakage
- 7.7. PIG Systems
- 7.8. Smart Membranes
- 7.9. Others
8. By Operation
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Operation
- 8.1.2. Market Attractiveness Index, By Operation
- 8.2. Onshore*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Offshore
9. By Application
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.1.2. Market Attractiveness Index, By Application
- 9.2. Leak Detection*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3. Pig Tracking
- 9.4. Pipeline Intrusion Monitoring
- 9.5. Detection of Geohazard
- 9.6. Slug Tracking
- 9.7. Others
10. By End-User
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.1.2. Market Attractiveness Index, By End-User
- 10.2. Oil and Gas*
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.3. Water & Wastewater
- 10.4. Others
11. By Region
- 11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 11.1.2. Market Attractiveness Index, By Region
- 11.2. North America
- 11.2.1. Introduction
- 11.2.2. Key Region-Specific Dynamics
- 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Solution
- 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Operation
- 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.2.7.1. The U.S.
- 11.2.7.2. Canada
- 11.2.7.3. Mexico
- 11.3. Europe
- 11.3.1. Introduction
- 11.3.2. Key Region-Specific Dynamics
- 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Solution
- 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Operation
- 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.3.7.1. Germany
- 11.3.7.2. The UK
- 11.3.7.3. France
- 11.3.7.4. Italy
- 11.3.7.5. Russia
- 11.3.7.6. Rest of Europe
- 11.4. South America
- 11.4.1. Introduction
- 11.4.2. Key Region-Specific Dynamics
- 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Solution
- 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Operation
- 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.4.7.1. Brazil
- 11.4.7.2. Argentina
- 11.4.7.3. Rest of South America
- 11.5. Asia-Pacific
- 11.5.1. Introduction
- 11.5.2. Key Region-Specific Dynamics
- 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Solution
- 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Operation
- 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.5.7.1. China
- 11.5.7.2. India
- 11.5.7.3. Japan
- 11.5.7.4. Australia
- 11.5.7.5. Rest of Asia-Pacific
- 11.6. Middle East and Africa
- 11.6.1. Introduction
- 11.6.2. Key Region-Specific Dynamics
- 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Solution
- 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Operation
- 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
12. Competitive Landscape
- 12.1. Competitive Scenario
- 12.2. Market Positioning/Share Analysis
- 12.3. Mergers and Acquisitions Analysis
13. Company Profiles
- 13.1. Hifi Engineering Inc.*
- 13.1.1. Company Overview
- 13.1.2. Product Portfolio and Description
- 13.1.3. Financial Overview
- 13.1.4. Recent Developments
- 13.2. Honeywell International
- 13.3. Siemens AG
- 13.4. AP Sensing
- 13.5. Schneider Electric
- 13.6. OptaSense Ltd
- 13.7. Huawei
- 13.8. TransCanada Pipelines Ltd
- 13.9. ABB Ltd
- 13.10. Omnisens SA
LIST NOT EXHAUSTIVE
14. Appendix
- 14.1. About Us and Services
- 14.2. Contact Us
