Pipeline Integrity Management Market: Growth, Outlook, Demand, Keyplayers Analysis & Opportunity 202

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Copyright © IMARC Service Pvt Ltd. All Rights Reserved Global Pipeline Integrity Management Market Research and Forecast Report 2023-2028 Author: Elena Anderson, Marketing Manager | IMARC Group © 2019 IMARC All Rights Reserved

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

Global Pipeline Integrity Management Market Research Report:

The latest report by IMARC, titled “ PipelineIntegrityManagementMarket:GlobalIndustryTrends,Share,Size,Growth,Opportunityand Forecast2023-2028

” " the global pipeline integrity management market size reached US$ 10.0 Billion in 2022.

Pipeline integrity management (PIM) is the process of ensuring that a pipeline system remains safe, reliable, and efficient throughout its operational lifespan by identifying and mitigating potential risks, such as corrosion, mechanical damage, and third party interference. It comprises surveillance cameras and sensors, fiber-optic cables, and temperature sensors that check for leakages and prevent hazards. It aids in reducing the likelihood of accidents, spills, and other incidents that can harm people, property, and the environment. It also helps in pressure testing and evaluating pipeline discontinuities and soil conditions.

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Report Description Report Description and Highlights

Report Description Report Description and Highlights

Global Pipeline Integrity Management Market Trends:

The increasing occurrences of pipe leakages, breaks, corrosion, or cracks, in oil, wastewater, and refined petroleum industries represent one of the major factors driving the demand for PIM around the world. Moreover, the rising migration of people from rural to urban areas and surging energy requirements is augmenting the growth of the market. In addition, governing agencies of numerous countries are undertaking measures to promote disaster management and workplace safety and meet operational standards. Apart from this, the growing construction of natural gas pipelines as they emit less harmful emissions associated with gasoline and coal counterparts is influencing the market positively.

Furthermore, the advent of digital integrity management systems that assists in keeping the individuals pipeline records traceable, complete, and verifiable is contributing to the market growth. Besides this, the growing utilization of PIM solutions to share real-time information of pipeline networks to control rooms is creating a positive outlook for the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 12.4 Billion by 2028, exhibiting a CAGR of 3.42% during 2023-2028.

Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).

Report Description Report Description and Highlights

MarketSummary: BreakupbySector:

• Crude Oil

• Gas

BreakupbyServiceType:

• Inspection Services

• Cleaning Services

• Repair and Refurbishment Services

BreakupbyLocationofDeployment:

• Onshore

• Offshore

BreakupbyRegion:

• North America

• United States

• Canada

• Asia-Pacific

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• China

• Japan

• India

• South Korea

• Australia

• Indonesia

• Others

• Europe

• Germany

• France

• United Kingdom

• Italy

• Spain

• Russia

• Others

• Latin America

• Brazil

• Mexico

• Others

• Middle East and Africa

Report Description Report Description and Highlights

CompetitiveLandscapewithKeyPlayers:

• Aker Solutions ASA

• Baker Hughes Company

• Bureau Veritas

• DNV AS

• Emerson Electric Co. Enbridge Inc.

• Infosys Limited

• MATCOR Inc. (Brand Industrial Services Inc.)

• Pembina Pipeline Corporation

• SGS S.A.

• Shawcor Ltd.

• T. D. Williamson Inc.

• TÜV Rheinland.

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A partial List of our Clients

Partial List of Clients

We are the trusted business partners to the world's leading corporates, governments, and institutions

Report Description Report Description and Highlights

© 2019 IMARC All Rights Reserved

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