Pipeline Monitoring System Market Size and Share Analysis by Type, Solution, Technology, End Use - Global Industry Revenue Estimation and Demand Forecast to 2030

Description

Market Overview

The pipeline monitoring system market generated revenue of USD 15.8 billion in 2023, which is expected to witness a CAGR of 7.7% during 2024-2030, reaching USD 26.2 billion by 2030.

This is an expansion of the length of the oil & gas pipelines across the globe, technology integration, the usage of monitoring systems, and the need for more metallic pipelines. However, due to corrosion, structural problems, and other environmental challenges, the aging pipeline network is experiencing leakage and this explains why such systems are required.

The market for oil and gas is experiencing significant growth in global markets; therefore, the systems of pipelines are advancing. New pipelines are being constructed and the currently existing pipelines require constant upgrading, for which comprehensive monitoring technologies are needed. Optimal facilities are invested by entrepreneurs to increase the yield of hydrocarbon materials and minimize costs.

Moreover, the risks linked to terrorist and cyberattacks on the oil & gas industry are also rising and these aspects have forced E&P companies internationally to increase investment in infrastructure and networks. The previous years have witnessed various attacks on gas facilities and plants primarily in Europe and the Middle East regions.

Key Insights

During the projection period, the metallic pipeline category is projected to advance at a CAGR of 10%.

High need for hydrocarbon transport because of corrosion resistance, durability, weldability, higher yield, and tensile strength.

Extensively utilized in oil & gas fields, refineries, petrochemical plants, and power plants.

Types include stainless steel, aluminium, ductile iron, carbon steel, duplex stainless steel, alloy steel, corrugated, copper, and cast-iron pipes.

Suitable for underground and underwater transportation, capable of handling high pressures and temperatures.

Enables smooth functioning when integrated with monitoring systems.

The ultrasonic category growing at a CAGR of 7%.

Ultrasound detects flaws and leaks in pipes using high-frequency sound waves and noise patterns.

Sound emission monitors respond to modifications in background noise, distinguishing leak disturbances from regular tap water.

Ultrasonic monitoring systems identify leaks, irregularities, and structural problems by examining variations in sound patterns or frequencies.

Advancements in signal processing techniques and sensor technologies enhance the reliability and accuracy of ultrasonic systems.

Ultrasonic monitoring systems usage gaining preference for pipeline integrity assessment.

Based on the application, the crude and refined petroleum segment is anticipated to dominate the pipeline monitoring system market with a significant share of over 70%.

Crude oil is among the major sources of energy utilized in the production of electricity, in the transport sector, and for heating purposes.

These products are transported through pipelines thereby causing more demand for total security and checking services.

There is a demand in most industries for the possibility of using reliable and safe pipeline monitoring systems for the delivery of hydrocarbons over long ranges at a minimal cost.

They can track the increase in pressure, leaks inside the pipelines, thefts, impacts on the environment, and losses.

The global market for microreactors is anticipated to be dominated by the North American region during the forecast period and is expected to account for a 40% share in the year 2030.

With the progressive pipeline construction in the United States and Canada, all pipelines should be equipped with leak detection technology of the latest generation.

In the current market structures, it is evident that the U.S. occupies a bigger market share than Mexico; however, Canada is expected to mushroom within the STM industry soon.

Europe is the second global market due to the increased spending in oil & gas investment The market leaders of Europe are Germany, but the UK has the highest CAGR.

Product Code: 12866

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by type
- 1.4.2. Market size breakdown, by solution
- 1.4.3. Market size breakdown, by technology
- 1.4.4. Market size breakdown, by end use
- 1.4.5. Market size breakdown, by region
- 1.4.6. Market size breakdown, by country
1.5. Market Data Reporting Unit
- 1.5.1. Value
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
5.2. Impact of COVID-19
5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes

Chapter 6. Global Market

6.1. Overview
6.2. Market Revenue, by Type (2019-2030)
6.3. Market Revenue, by Solution (2019-2030)
6.4. Market Revenue, by Technology (2019-2030)
6.5. Market Revenue, by End Use (2019-2030)
6.6. Market Revenue, by Region (2019-2030)

Chapter 7. North America Market

7.1. Overview
7.2. Market Revenue, by Type (2019-2030)
7.3. Market Revenue, by Solution (2019-2030)
7.4. Market Revenue, by Technology (2019-2030)
7.5. Market Revenue, by End Use (2019-2030)
7.6. Market Revenue, by Country (2019-2030)

Chapter 8. Europe Market

8.1. Overview
8.2. Market Revenue, by Type (2019-2030)
8.3. Market Revenue, by Solution (2019-2030)
8.4. Market Revenue, by Technology (2019-2030)
8.5. Market Revenue, by End Use (2019-2030)
8.6. Market Revenue, by Country (2019-2030)

Chapter 9. APAC Market

9.1. Overview
9.2. Market Revenue, by Type (2019-2030)
9.3. Market Revenue, by Solution (2019-2030)
9.4. Market Revenue, by Technology (2019-2030)
9.5. Market Revenue, by End Use (2019-2030)
9.6. Market Revenue, by Country (2019-2030)

Chapter 10. LATAM Market

10.1. Overview
10.2. Market Revenue, by Type (2019-2030)
10.3. Market Revenue, by Solution (2019-2030)
10.4. Market Revenue, by Technology (2019-2030)
10.5. Market Revenue, by End Use (2019-2030)
10.6. Market Revenue, by Country (2019-2030)

Chapter 11. MEA Market

11.1. Overview
11.2. Market Revenue, by Type (2019-2030)
11.3. Market Revenue, by Solution (2019-2030)
11.4. Market Revenue, by Technology (2019-2030)
11.5. Market Revenue, by End Use (2019-2030)
11.6. Market Revenue, by Country (2019-2030)

Chapter 12. U.S. Market

12.1. Overview
12.2. Market Revenue, by Type (2019-2030)
12.3. Market Revenue, by Solution (2019-2030)
12.4. Market Revenue, by Technology (2019-2030)
12.5. Market Revenue, by End Use (2019-2030)

Chapter 13. Canada Market

13.1. Overview
13.2. Market Revenue, by Type (2019-2030)
13.3. Market Revenue, by Solution (2019-2030)
13.4. Market Revenue, by Technology (2019-2030)
13.5. Market Revenue, by End Use (2019-2030)

Chapter 14. Germany Market

14.1. Overview
14.2. Market Revenue, by Type (2019-2030)
14.3. Market Revenue, by Solution (2019-2030)
14.4. Market Revenue, by Technology (2019-2030)
14.5. Market Revenue, by End Use (2019-2030)

Chapter 15. France Market

15.1. Overview
15.2. Market Revenue, by Type (2019-2030)
15.3. Market Revenue, by Solution (2019-2030)
15.4. Market Revenue, by Technology (2019-2030)
15.5. Market Revenue, by End Use (2019-2030)

Chapter 16. U.K. Market

16.1. Overview
16.2. Market Revenue, by Type (2019-2030)
16.3. Market Revenue, by Solution (2019-2030)
16.4. Market Revenue, by Technology (2019-2030)
16.5. Market Revenue, by End Use (2019-2030)

Chapter 17. Italy Market

17.1. Overview
17.2. Market Revenue, by Type (2019-2030)
17.3. Market Revenue, by Solution (2019-2030)
17.4. Market Revenue, by Technology (2019-2030)
17.5. Market Revenue, by End Use (2019-2030)

Chapter 18. Spain Market

18.1. Overview
18.2. Market Revenue, by Type (2019-2030)
18.3. Market Revenue, by Solution (2019-2030)
18.4. Market Revenue, by Technology (2019-2030)
18.5. Market Revenue, by End Use (2019-2030)

Chapter 19. Japan Market

19.1. Overview
19.2. Market Revenue, by Type (2019-2030)
19.3. Market Revenue, by Solution (2019-2030)
19.4. Market Revenue, by Technology (2019-2030)
19.5. Market Revenue, by End Use (2019-2030)

Chapter 20. China Market

20.1. Overview
20.2. Market Revenue, by Type (2019-2030)
20.3. Market Revenue, by Solution (2019-2030)
20.4. Market Revenue, by Technology (2019-2030)
20.5. Market Revenue, by End Use (2019-2030)

Chapter 21. India Market

21.1. Overview
21.2. Market Revenue, by Type (2019-2030)
21.3. Market Revenue, by Solution (2019-2030)
21.4. Market Revenue, by Technology (2019-2030)
21.5. Market Revenue, by End Use (2019-2030)

Chapter 22. Australia Market

22.1. Overview
22.2. Market Revenue, by Type (2019-2030)
22.3. Market Revenue, by Solution (2019-2030)
22.4. Market Revenue, by Technology (2019-2030)
22.5. Market Revenue, by End Use (2019-2030)

Chapter 23. South Korea Market

23.1. Overview
23.2. Market Revenue, by Type (2019-2030)
23.3. Market Revenue, by Solution (2019-2030)
23.4. Market Revenue, by Technology (2019-2030)
23.5. Market Revenue, by End Use (2019-2030)

Chapter 24. Brazil Market

24.1. Overview
24.2. Market Revenue, by Type (2019-2030)
24.3. Market Revenue, by Solution (2019-2030)
24.4. Market Revenue, by Technology (2019-2030)
24.5. Market Revenue, by End Use (2019-2030)

Chapter 25. Mexico Market

25.1. Overview
25.2. Market Revenue, by Type (2019-2030)
25.3. Market Revenue, by Solution (2019-2030)
25.4. Market Revenue, by Technology (2019-2030)
25.5. Market Revenue, by End Use (2019-2030)

Chapter 26. Saudi Arabia Market

26.1. Overview
26.2. Market Revenue, by Type (2019-2030)
26.3. Market Revenue, by Solution (2019-2030)
26.4. Market Revenue, by Technology (2019-2030)
26.5. Market Revenue, by End Use (2019-2030)

Chapter 27. South Africa Market

27.1. Overview
27.2. Market Revenue, by Type (2019-2030)
27.3. Market Revenue, by Solution (2019-2030)
27.4. Market Revenue, by Technology (2019-2030)
27.5. Market Revenue, by End Use (2019-2030)

Chapter 28. U.A.E. Market

28.1. Overview
28.2. Market Revenue, by Type (2019-2030)
28.3. Market Revenue, by Solution (2019-2030)
28.4. Market Revenue, by Technology (2019-2030)
28.5. Market Revenue, by End Use (2019-2030)

Chapter 29. Competitive Landscape

29.1. List of Market Players and their Offerings
29.2. Competitive Benchmarking of Key Players
29.3. Product Benchmarking of Key Players
29.4. Recent Strategic Developments

Chapter 30. Company Profiles

30.1. Siemens AG
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
30.2. Honeywell International Inc.
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
30.3. Huawei Technologies Co. Ltd.
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
30.4. ABB Ltd.
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
30.5. Emerson Electric Co.
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
30.6. Schneider Electric SE
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
30.7. General Electric Company
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
30.8. ORBCOMM Inc.
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
30.9. TransCanada PipeLines Limited
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
30.10. PSI Software SE
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
30.11. BAE Systems
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary
30.12. Xylem Inc.
- 30.12.1. Business overview
- 30.12.2. Product and service offerings
- 30.12.3. Key financial summary

Chapter 31. Appendix

31.1. Abbreviations
31.2. Sources and References
31.3. Related Reports