Pipeline Monitoring System Market Insights, Scope And Forecast By 2018-2025
Pipeline Monitoring System Market Insights:
The GMI Research report provides an overall outlook of the industry through a detailed market segmentation. The report offers thorough information related to the overview and scope of the market, including the market drivers, restraints and emerging trends in the industry. This report is especially designed to include both qualitative and quantitative aspects of the industry in each region and country participating in the study.
Competitive Rivalry of the Pipeline Monitoring System Market:
The leading players in the pipeline monitoring system market include PSI Software AG, TransCanada Pipelines Limited, Honeywell International Inc, ORBCOMM, Huawei Technologies Co., Ltd., Siemens, Xylem Inc., PERMA-PIPE International Holdings, Inc., C-FER Technologies Inc, and BAE Systems, among others.
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Drivers of the Pipeline Monitoring System Market:
The pipeline monitoring system market is witnessing strong growth during the forecast period due to the rising adoption of these systems across various industries owing to the growing incidences of leakage in the oil & gas sector. Furthermore, various research & development activities and technological advancements for the development of pipeline monitoring systems such as the implementation of the internet of things (IoT), which is leading to saving of costs, less human errors, improvement in the level of detection and productivity are certain factors surging the growth of the global pipeline monitoring system market in the forecast period.
Several government regulations regarding the safety & monitoring of the pipeline and growth in the pipeline infrastructure due to the various factors such as an upsurge in demand for oil & gas across various countries owing to the rapid urbanization and the increasing population are further fuelling the growth of the global pipeline monitoring system in the market across the world. Several advantages provided by the pipeline monitoring system, such as third-party interference protection, assurance of flow, leakage detection, coupled with improved operational efficiency and safety, are promoting many consumers to opt for these systems. On the other hand, the factors hampering the growth of the global pipeline monitoring system market include the fluctuations in the cost of the monitoring systems owing to the various technological advancements for oil & gas pipelines and limitations of funds for the growth of proper infrastructure.
Market Segmentation:
The main objective of the study is to define market sizes of the different market segments & countries during the forecast period and analyze the values in the next six years. The detailed segments and sub-segments of the market are explained below:
Breakup by Pipe Type:
- Non-Metallic Pipes
- Metallic Pipes
- Others
Breakup by Technology:
- PIG
- Ultrasonic
- Magnetic Flux Leakage
- Smart Ball
- Fiber Optic Technology
- Others
Breakup by Solution:
- Operating Condition
- Leak Detection
- Pipeline Break Detection
- Others
Breakup by End-Use Industry:
- Water & Wastewater
- Crude & Refined Petroleum
- Others
Breakup by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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