PIPELINE MONITORING SYSTEMS MARKET– TOP KEY PLAYER AND MARKET TRENDS ANALYSIS REPORT

Pipeline monitoring system Market Research Report- Forecast to 2023

PIPELINE MONITORING SYSTEMS MARKET– TOP

KEY PLAYER AND MARKET TRENDS ANALYSIS REPORT

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Copyright © 2018 Market Research Future.

Pipeline monitoring system Market Research Report- Forecast to 2023

1 Summary The pipeline monitoring systems market is expected to grow during the forecast period owing to increase in number of oil & gas leakages in production, pipelines, and storage tanks caused by the natural disasters and high pressure in the pipelines. The introduction of stringent government regulations for pipeline safety and security and the rapid expansion and up gradation of pipelines is further contributing to the growth of the market. The growth of pipeline monitoring systems is further contributed by the development of new devices and solutions for the monitoring of pipeline performance, optimization of resources, automating the functions, and safeguarding the operations.

Key Players: The key players of global Pipeline Monitoring System market report includes ABB (Switzerland), Emerson (U.S.), Honeywell International (U.S.), Schneider Electric (France), Siemens AG (India), Badger Meter (U.S.), Bentek Systems Ltd. (Canada), General Electric (U.S.), HollySys Automation Technologies (China) and Inductive Automation (U.S.) among others.

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Copyright Š 2018 Market Research Future.

Pipeline monitoring system Market Research Report- Forecast to 2023

2 Market Overview The pipeline monitoring system market is expected to be driven by the huge investments in the research and development of the pipeline monitoring system technology by the oil and gas industries. The increase in use of electronics and the sensors which will facilitate the monitoring and control of the operating conditions, thereby reducing the damage from internal factors such as nozzle stress and corrosion are further expected to contribute to the growth of the market. The pipeline monitoring systems also provide numerous advantages such as good longevity, cost effectiveness, enhanced reliability, and ease in maintenance.

The report has analyzed the market based on the three segments: type, technology and application in the regions of North America, Europe, APAC and rest of the world. On the basis of type it includes Metallic, Non-metallic, Concrete pipes and Asbestos cement pipes. On basis of technology, the global pipeline monitoring system market has been segmented as Ultrasonic testing, Smart ball, Magnetic flux leakage technology and others. Moreover on the basis of application it includes Operating Efficiency, Leak Detection and Pipeline Break Detection.

Drivers of Global Pipeline Monitoring System market

Increase in the volume of pipelines laid

Increasing demand of monitoring pipeline performance

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Copyright Š 2018 Market Research Future.

Pipeline monitoring system Market Research Report- Forecast to 2023

Market Research Analysis: Based on technology, the ultrasonic testing segment is expected to dominate the market owing to its increased use by the oil and gas companies for detecting the small and large leakages. The small ball technology is also expected to grow and the growth of this technology can be attributed to the effective utilization of these balls through pipelines with long inspection capability from single deployment.

On the basis of application, the leak detection segment is expected to grow at the highest CAGR owing to the increase in focus on improving the control over pipeline infrastructure and automation of the process for improving the productivity, which would enable the monitoring of conditions of assets and alert the authorities in case of unauthorized events. The increase in investments by the oil & gas companies in pipeline monitoring infrastructures and safe transportation of the material through it is also fuelling the growth of the leak detection systems in the market.

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Copyright Š 2018 Market Research Future.

Pipeline monitoring system Market Research Report- Forecast to 2023

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Copyright Š 2018 Market Research Future.