Pipeline Monitoring System Market

Pipeline Monitoring System Market size reached USD 13.5 billion in 2021 and is estimated to reach USD 23.7 billion in 2029 and the market is estimated to grow at a CAGR of 7.3% from 2022-2029

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Major Pipeline Monitoring System Market Drivers

The pipeline monitoring system market is likely to experience a high growth in the upcoming years owing to the increasing adoption of these systems across several industries as a result of the rising incidences of leakage in the oil & gas sector. In addition to this, several research & development activities and technological advancements for the development of pipeline monitoring systems such as the implementation of internet of things (IoT) which is leading to less human errors, saving of costs, enhancement in the level of detection and productivity are some other factors fuelling the growth of the global pipeline monitoring system market during the forecast period.

Various government regulations related to the safety & monitoring of the pipeline and expansion in the pipeline infrastructure owing to the numerous factors such as the increase in the demand for oil & gas across several countries as a result of the rapid urbanization & the growing population are further bolstering the growth of the global pipeline monitoring system in the market worldwide. Various advantages offered by the pipeline monitoring system such as leakage detection, third-party interference protection, assurance of flow, along with enhanced operational efficiency and safety are encouraging a large number of consumers to opt for these systems. The factors that are restraining the growth of the global pipeline monitoring system market include the varying cost of the monitoring systems due to the different technological advancements for oil & gas pipelines and lack of funds for the development of proper infrastructure.

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Pipe Type – Segment Analysis

Based on pipe type, the Metallic Pipes segment is expected to increase at a higher CAGR during the forecast period owing to the rising adoption of these pipes for the construction of pipelines. In addition to this, several benefits associated with the use of metallic pipes as compared to the other pipes such as high durability & elasticity, easy maintenance, environment-friendly nature, along with enhanced strength regardless of the liquids being carried are certain factors that are driving the growth of the segment.

Technology  – Segment Analysis

Based on the technology, the Ultrasonic segment is anticipated to grow at a higher compound annual growth rate over the forecast period due to the rising implementation of this technology in various applications across several industries such as oil & gas. Moreover, the various advantages offered by ultrasonic technology in the pipe monitoring system, such as enhanced reliability, accuracy, ability to offer early detection of deviating conditions, along with small & large leakages, and reduced power consumption are further surging the demand for this technology in the market.

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Regional – Segment Analysis

Based on the region, the Asia-Pacific region is expected to grow at a higher compound annual growth rate during the forecast period owing to the rising adoption of the pipeline monitoring system as a result of the growing development of new pipelines and the increasing population across several countries such as China, India, and other countries. In addition to this, an increase in the demand for these systems in the petrochemical industry for ensuring the safety of humans is also a key factor fuelling the growth of the pipeline monitoring system market in this region.

Top Market Players

Various notable players operating in the market include TransCanada Pipelines Limited, ORBCOMM, PSI Software AG, Honeywell International Inc, Huawei Technologies Co., Ltd., Siemens, Xylem Inc., BAE Systems, PERMA-PIPE International Holdings, Inc., and C-FER Technologies Inc, among others.

Key Developments:

• • In 2019, Honeywell International Inc. acquired Rebellion Photonics, which is a provider of intelligent, innovative, and visual gas monitoring solutions. Through this acquisition, the company strengthened its portfolio of process technologies, automation, and gas detection solutions and fastened the transformation process to a software-industrial company.
  • In 2019, TransCanada Pipelines Limited completed the trail of IntelliView real-time pipeline leak detection and site security systems for real-time perimeter intrusion detection at one of the company’s Alberta Keystone Pipeline pump stations.

Segments covered in the Report:

The global pipeline monitoring system market has been segmented on the basis of pipe type, technology, solution, end-use industry, and region. Based on the pipe type, the market is non-metallic pipes, metallic pipes, and others. Based on the technology, the market is segmented into PIG, ultrasonic, magnetic flux leakage, smart ball, fiber optic technology, and others. Based on the solution, the market is segmented into operating condition, leak detection, pipeline break detection, and others. Based on the end-use industry, the market is segmented into water & wastewater, crude & refined petroleum, and others.

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Key questions answered in this research report:

• • At what pace is the global pipeline monitoring system market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global pipeline monitoring system market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global pipeline monitoring system market?
  • Which technology generated maximum revenues in 2021 and identify the most promising technology during the forecast period?
  • What are the various types of the pipeline monitoring system, and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Revenues (2021)	USD 13.5 billion
Market Base Year	2021
Market Forecast Period	2022-2029
Base Year & Forecast Units	Revenues (USD Billion)
Market Segment	By Pipe Type, By Technology, By Solution, By End-Use Industry, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	TransCanada Pipelines Limited, ORBCOMM, PSI Software AG, Honeywell International Inc, Huawei Technologies Co., Ltd., Siemens, Xylem Inc., BAE Systems, PERMA-PIPE International Holdings, Inc., and C-FER Technologies Inc, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Pipeline Monitoring System Market by Pipe Type

• • Non-Metallic Pipes
  • Metallic Pipes
  • Others

Global Pipeline Monitoring System Market by Technology

• • PIG
  • Ultrasonic
  • Magnetic Flux Leakage
  • Smart Ball
  • Fiber Optic Technology
  • Others

Global Pipeline Monitoring System Market by Solution

• • Operating Condition
  • Leak Detection
  • Pipeline Break Detection
  • Others

Global Pipeline Monitoring System Market by End-Use Industry

• • Water & Wastewater
  • Crude & Refined Petroleum
  • Others

Global Pipeline Monitoring System Market by Region

• • North America Pipeline Monitoring System Market (Option 1: As a part of the free 25% customization)

    • By Pipe Type
    • By Technology
    • By Solution
    • By End-Use Industry
    • US Market All-Up
    • Canada Market All-Up

  • Europe Pipeline Monitoring System Market (Option 2: As a part of the free 25% Customization)

    • By Pipe Type
    • By Technology
    • By Solution
    • By End-Use Industry
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Pipeline Monitoring System Market (Option 3: As a part of the free 25% Customization)

    • By Pipe Type
    • By Technology
    • By Solution
    • By End-Use Industry
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Pipeline Monitoring System Market (Option 4: As a part of the free 25% Customization)

    • By Pipe Type
    • By Technology
    • By Solution
    • By End-Use Industry
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Global Pipeline Monitoring System Leading Market Players (Option 5: As a part of the free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • TransCanada Pipelines Limited
  • ORBCOMM
  • PSI Software AG
  • Honeywell International Inc
  • Huawei Technologies Co., Ltd.
  • Siemens
  • Xylem Inc.
  • BAE Systems
  • PERMA-PIPE International Holdings, Inc.
  • C-FER Technologies Inc