Pipeline Monitoring System Market by Technology (Ultrasonic, PIG's, Smart ball, Magnetic Flux, Fiber Optic), End-use Industry (Crude & Refined Petroleum, Water & Wastewater), Solution, Pipe-Type, Region - Global Forecast to 2024
[178 Pages Report] The pipeline monitoring system market is projected to grow from USD 4.6 billion in 2019 to USD 6.5 billion by 2024, at a CAGR of 7.1% from 2019 to 2024. The demand for pipeline monitoring system can be attributed to high growth as a result of the increasing number of oil & gas leakages in production, pipelines, and storage tanks due to natural disasters and high pressure along with stringent government regulations for pipeline safety and security and expansion and upgradation of pipelines. The growing trend of the development of new devices and solutions to monitor pipeline performance, optimize resources, automate the functions, and safeguard the operations are resulting in the growth of pipeline monitoring system. The next-generation technologies, which are the future of the pipeline monitoring market, comprise integrated, multi-layered systems using disruptive technologies, Internet of Things (IoT), digital acoustic sensing, and connected pipelines.
BY type, the metallic pipe segment is projected to grow at the highest CAGR during the forecast period.
By type, the metallic pipe segment is projected to grow at a higher rate during the forecast period, as it is the primary material used for the construction of pipelines. Metallic pipes are predominantly preferred over other pipe types due to their high strength and durability, irrespective of the liquids that they carry. This growth can be attributed to its high pressure-carrying strength, for any material transporting through metallic pipelines.
By solution, the leak detection segment is projected to lead the pipeline monitoring system market from 2019 to 2024.
By solution, the leak detection application segment is projected to grow at the highest CAGR from 2019 to 2024. This growth can be attributed to the increasinginvestments from oil & gas companies in pipeline monitoring infrastructures for safe transportation of liquids. Pipeline leakage detection systems help in detecting damages across pipeline infrastructures. These systems detect leaks on the basis of flow, pressure, temperature, and density.
By end-user industry, the crude & refined petroleum segment is projected to lead the pipeline monitoring system market from 2019 to 2024.
The market for gas pipelines, which is covered under the crude & refined petroleum segment, accounted for a major share in the market. The market for gas pipelines has created a huge potential for growth for gas pipeline monitoring system manufacturers. Hence, it is projected to grow at a highest rate between 2019 and 2024. Also, construction of a number of pipelines in various regions may lead to the growth of pipeline monitoring systems for crude & refined oil across the globe.
In terms of both value and volume, the North America pipeline monitoring system market is projected to account for the maximum market share during the forecast period.
North America accounted for the largest share of total market of pipeline monitoring system, in terms of value, followed by Asia Pacific. However, the Asia Pacific region is projected to grow at the highest rate than Europe in the pipeline monitoring system market from 2019 to 2024. Markets in developing countries such as China, India, Japan, Australia, and countries in the Middle East are projected to grow at a higher rate from 2019 to 2024. This is because of the high population in these countries, along with the construction of new pipelines,which will increase the demand for pipeline monitoring system.
Key Market Players
The global market for pipeline monitoring system is dominated by major players who are into manufacturing pipelines and monitoring systems. Siemens AG (Germany), Honeywell International Inc. (U.S.), BAE Systems (U.K), Perma Pipes (U.S), Transcanada ( Canada), PSI AG (Germany), Pure Technology (Canada), Orbcomm Inc. (U.S.), Huawei and (China) are the major manufacturers of pipelines and monitoring systems in the pipeline monitoring system market. Other players in the pipeline monitoring system market include Atmos International (U.K.), Clampon AS (Norway), ABB Group (Switzerland), Future Fibre Technologies (Australia), Senstar Inc. (Canada), Syrinix (UK), Radiobarrier (Russia), TTK (France), Krohne Group (Germany.), and Thales Group (France).
Scope of the Report
|
Report Metric |
Details |
|
Market size available for years |
20172024 |
|
Base year considered |
2018 |
|
Forecast period |
20192024 |
|
Forecast units |
Value (USD Million) |
|
Segments covered |
Type, Technology, End-User Industry , Solution, and Region |
|
Geographies covered |
North America, Asia Pacific, Europe, Latin America, and Middle East & Africa |
|
Companies covered |
Siemens AG (Germany), Honeywell International Inc. (U.S.), Perma Pipes (U.S), Transcanada (Canada), PSI AG (Germany), and Orbcomm Inc. (U.S.) |
This research report categorizes the pipeline monitoring system market based on type, technology,end-user industry, solution, and region.
Target audience
- Raw material and manufacturing equipment suppliers
- Semiconductor foundries
- Original equipment manufacturers (OEMs) (end-user application or electronic product manufacturers)
- Product manufacturers
- Original device manufacturers (ODMs) and OEM technology solution providers
- Research organizations
- Technology standards organizations, forums, alliances, and associations
- Technology investors
- Government, financial institutions, and investor communities
- Analysts and strategic business planners
- End users
On the basis of type the pipeline monitoring system market has been categorized as follows:
- Metallic
- Ductile iron pipe
- Stainless steel pipe
- Aluminum pipe
- Other metal pipes (Cast iron pipe, corrugated steel pipe, and copper pipe)
- Non-metallic
- Plastic pipe
- Glass pipe
- Others (Cement pipe, concrete pipe, asbestos cement pipe, and pneumatic pipe)
On the basis of technology the pipeline monitoring system market has been categorized as follows:
- PIGs
- Smart ball
- Ultrasonic
- Magnetic flux leakage technology
- Fiber optic technology
- Others ( Beta foil technology and Leo technology)
On the basis of solution the pipeline monitoring system market has been categorized as follows:
- Leak detection
- Flow
- Pressure
- Temperature
- Density
- Operating condition
- Pipeline break detection
- Others (Liquid & Material Identification)
On the basis of end-user industry the pipeline monitoring system market has been categorized as follows:
- Introduction
- Crude & refined petroleum
- Oil
- Natural gas
- Biofuels
- Water & wastewater
- Others (Beverages, drugs, and specimens)
On the basis of region the pipeline monitoring system market has been categorized as follows:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Recent Developments
- In March 2019, Siemens equipped 29 gas turbines with Remote Diagnostic Services for Gail India Limited across the Hazira-Vijaipur-Jagdishpur(HVJ) pipeline and the Vijaipur C2/C3 plant to provide advanced software services for an easy manufacturing process.
- In January 2019, Transcanda started a new project named Mountaineer Xpress (MXP), a Columbia Gas project, designed to transport supply from the Marcellus and Utica shale plays to points along the system and to the Leach interconnect with Columbia Gulf. Approximately 45 per cent of this project was placed in service on January 18, 2019, with the remainder to be placed in service in February and March 2019, along with Gulf Xpress, a Columbia Gulf project.
- In September 2018, Perma-Pipe Saudi Arabia was awarded a contract by Italys Saipem S.p.A for a thermal insulation system, field joints, and a leak detection system for two 55kms, 30 inch diameter, low Sulphur fuel oil lines for Kuwait Oil Companys (KOC) new refinery project in Kuwait. The contract was valued approximately at USD 15 Million.
Key Questions Addressed by the Report:
- What are the global trends in the pipeline monitoring system market? Would the market witness an increase or decline in demand in the coming years?
- What is the estimated demand for different materials of pipeline monitoring system products?
- Where will the strategic developments take the industry in the mid-to-long term?
- What are the upcoming industry applications and trends for pipeline monitoring systems?
- Who are the major players in the pipeline monitoring system market globally?
Frequently Asked Questions (FAQ):
What are the different types of Pipeline monitoring systems technologies?
The different technologies for pipeline monitoring systems include PIGs, Smart ball, Ultrasonic ,Magnetic flux leakage ,Fiber optic Beta-foil technology ,and Leo technology
What are the different categories of materials that are used to produce pipes for pipeline monitoring systems?
The different categories of materials that are used to produce pipes for pipeline monitoring systems are Metallic, Non-metallic Cement, pneumatic, concrete, and asbestos.
Which are the key applications of pipeline monitoring systems?
The key applications of pipeline monitoring system are Crude & refined petroleum, Water & wastewater, Beverages, drugs, and specimens
Which are the emerging countries for pipeline monitoring market?
Countries like China, U.S, India, Russia, Iran, Canada, Saudi Arabia, UK, Japan emerged as growing market pipeline monitoring systems market.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 16)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Regional Scope
1.3.2 Years Considered
1.4 Currency
1.5 Units
1.6 Stakeholders
2 Research Methodology (Page No. - 20)
2.1 Research Data
2.2 Market Size Estimation
2.2.1 Approach
2.2.1.1 Volume Market
2.2.1.1.1 Approach 1 (Based on End-Use Industry, By Country)
2.2.1.1.2 Approach 2 (Based on Technological Application)
2.3 Data Triangulation
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 Executive Summary (Page No. - 26)
4 Premium Insights (Page No. - 31)
4.1 Attractive Opportunities in the Pipeline Monitoring System Market
4.2 North America: Pipeline Monitoring System Market, By End-Use Industry
4.3 Pipeline Monitoring System Market, By End-Use Industry
4.4 Pipeline Monitoring System Market, By Technology
5 Market Overview (Page No. - 34)
5.1 Introduction
5.2 Pipeline Monitoring System Market has Evolved Significantly Since the Early 1900s
5.3 YC-YCC Analysis
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Sustainable Use of Resources
5.4.1.2 Increased Spending By A Majority of Oil & Gas Companies for Pipeline Infrastructure, Network Monitoring, and Leak Detection
5.4.1.3 Increase in the Number of Oil & Gas Leakage Incidence/Accidents
5.4.1.4 Increased Maintenance and Government Regulations for Pipeline Safety and Monitoring
5.4.2 Restraints
5.4.2.1 Lack of Apprehensions About Monitoring System Implementation By Operators
5.4.2.2 Cost of Monitoring Systems for Oil & Gas Pipelines Varies With Technology
5.4.3 Opportunities
5.4.3.1 Internet of Things (IoT) Proving to Be Attractive in Pipeline Leak Detection
5.4.3.2 Augmented Demand in Pipeline Monitoring Solutions Due to Increased Pipeline Infrastructure
5.4.3.3 Rising Oil & Gas Demand in Developing Countries
5.4.4 Challenges
5.4.4.1 Lack of Funds Hampering the Development of Aging Infrastructure
5.4.4.2 Multi-Site Facilities Pose A Challenge for Implementing A Comprehensive Monitoring System
6 Pipeline Monitoring System Market, By Pipe Type (Page No. - 42)
6.1 Introduction
6.2 Metallic Pipes
6.2.1 The Metallic Pipes Segment Dominated the Pipeline Monitoring System Market in 2018
6.2.1.1 Ductile Iron Pipes
6.2.1.2 Stainless Steel Pipes
6.2.1.3 Aluminum Pipes
6.2.1.4 Other Metal Pipes
6.3 Non-Metallic Pipes
6.3.1 Non-Metallic Pipes Segment Estimated to Be the Second-Largest Segment in the Pipeline Monitoring System Market in 2018
6.3.1.1 Plastic Pipes
6.3.1.2 Glass Pipes
6.4 Others
6.4.1 Less Growth for Pipeline Monitoring Systems for Other Pipe Types
7 Pipeline Monitoring System Market, By Technology (Page No. - 47)
7.1 Introduction
7.2 Ultrasonic
7.2.1 Ultrasonic Segment to Dominate the Pipeline Monitoring System Market in 2018, in Terms of Value
7.3 PIG
7.3.1 PIG Technology Projected to Be the Fastest-Growing Segment in the Pipeline Monitoring System Market During the Forecast Period
7.4 Smart Ball
7.4.1 Various Applications of Smart Ball Technology in Petroleum Products and Water & Wastewater Pipelines
7.5 Magnetic Flux Leakage
7.5.1 Magnetic Flux Leakage Segment Estimated to Be the Second-Largest Segment in the Pipeline Monitoring System Market in 2019, in Terms of Value
7.6 Fiber Optic Technology
7.6.1 Fiber Optic Technology Market Projected to Register High Growth in the Pipeline Monitoring System During the Forecast Period
7.7 Others
7.7.1 Lowest Growth for Pipeline Monitoring Systems for Other Technologies
8 Pipeline Monitoring System Market, By Solution (Page No. - 51)
8.1 Introduction
8.2 Leak Detection
8.2.1 The Leak Detection Segment Dominated the Pipeline Monitoring System Market, in Terms of Value, in 2018
8.2.1.1 Flow
8.2.1.2 Pressure
8.2.1.3 Temperature
8.2.1.4 Density
8.3 Operating Condition
8.3.1 In Terms of Value, the Operating Condition Segment Was the Third-Largest in the Pipeline Monitoring System Market in 2018
8.4 Pipeline Break Detection
8.4.1 In Terms of Value, the Pipeline Break Detection Segment is Projected to Register the Second-Fastest Growth in the Pipeline Monitoring System Market During the Forecast Period
8.5 Others
8.5.1 Low Growth Rate of the Pipeline Monitoring System Market for Other Solutions
9 Pipeline Monitoring System Market, By End-Use Industry (Page No. - 55)
9.1 Introduction
9.2 Crude & Refined Petroleum
9.2.1 In Terms of Value, the Crude & Refined Petroleum Segment Dominated the Pipeline Monitoring System Market in 2018
9.2.1.1 Oil
9.2.1.2 Natural Gas
9.2.1.3 Biofuel
9.3 Water & Wastewater
9.3.1 The Water & Wastewater Segment is Projected to Register Least Growth in the Pipeline Monitoring System Market During the Forecast Period, in Terms of Value
9.4 Others
9.4.1 Moderate Growth for Pipeline Monitoring Systems for Other End-Use Industries
10 Pipeline Monitoring System Market, By Region (Page No. - 59)
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Asia Pacific
10.3.1 China
10.3.2 Japan
10.3.3 Australia
10.3.4 India
10.3.5 Rest of Asia Pacific
10.4 Europe
10.4.1 Germany
10.4.2 Russia
10.4.3 UK
10.4.4 France
10.4.5 Italy
10.4.6 Rest of Europe
10.5 Middle East & Africa
10.5.1 Iran
10.5.2 Saudi Arabia
10.5.3 Oman
10.5.4 South Africa
10.5.5 UAE
10.5.6 Rest of Middle East & Africa
10.6 South America
10.6.1 Argentina
10.6.2 Brazil
10.6.3 Chile
10.6.4 Peru
10.6.5 Rest of South America
11 Competitive Landscape (Page No. - 96)
11.1 Overview
11.2 Competitive Scenario
11.2.1 Mergers & Acquisitions
11.2.2 Expansions & Investments
11.2.3 Partnerships
11.2.4 New Product Developments
11.3 Competitive Leadership Mapping
11.3.1 Visionary Leaders
11.3.2 Innovators
11.3.3 Dynamic Differentiators
11.3.4 Emerging Companies
11.4 Strength of Product Portfolio
11.5 Business Strategy Excellence
12 Company Profiles (Page No. - 108)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
12.1 Orbcomm Inc.
12.2 Transcanada
12.3 Honeywell International Inc
12.4 PSI AG
12.5 Siemens AG
12.6 Huawei Technologies Co. Ltd.
12.7 Bae Systems Inc.
12.8 Pure Technologies
12.9 C-Fer Technologies
12.10 Perma-Pipe Inc.
12.11 Additional Company Profiles
12.11.1 Thales Group
12.11.2 ABB Group
12.11.3 Krohne Group
12.11.4 Atmos International
12.11.5 Clampon As
12.11.6 Future Fibre Technologies
12.11.7 Senstar, Inc.
12.11.8 Syrinix
12.11.9 Radiobarrier
12.11.10 TTK
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
13 Appendix (Page No. - 151)
13.1 Discussion Guide
13.2 Knowledge Store: Marketsandmarkets Subscription Portal
13.3 Available Customizations
13.4 Related Reports
13.5 Author Details
List of Tables (75 Tables)
Table 1 Oil & Gas/Natural Gas Leak Accidents
Table 2 Pipeline Monitoring System Market Size, By Pipe Type, 20172024 (USD Million)
Table 3 Pipeline Monitoring System Market Size, By Technology, 20172024 (USD Million)
Table 4 Pipeline Monitoring System Market Size, By Solution, 20172024 (USD Million)
Table 5 Pipeline Monitoring System Market Size, By End-Use Industry, 20172024 (USD Million)
Table 6 Crude & Refined Petroleum Pipeline Monitoring System Market Size, By Product Type, 20172024 (USD Million)
Table 7 North America: Pipeline Monitoring System Market Size, By Country, 20172024 (USD Million)
Table 8 North America: Pipeline Monitoring System Market Size, By End-Use Industry, 20172024 (USD Million)
Table 9 North America: Pipeline Monitoring System Market Size, By Technology, 20172024 (USD Million)
Table 10 US: Pipeline Monitoring System Market Size, By End-Use Industry, 20172024 (USD Million)
Table 11 US: Pipeline Monitoring System Market Size, By Technology, 20172024 (USD Million)
Table 12 Canada: Pipeline Monitoring System Market Size, By End-Use Industry, 20172024 (USD Million)
Table 13 Canada: Pipeline Monitoring System Market Size, By Technology, 20172024 (USD Million)
Table 14 Mexico: Pipeline Monitoring System Market Size, By End-Use Industry, 20172024 (USD Million)
Table 15 Mexico: Pipeline Monitoring System Market Size, By Technology, 20172024 (USD Million)
Table 16 Asia Pacific: Pipeline Monitoring System Market Size, By Country, 20172024 (USD Million)
Table 17 Asia Pacific: Pipeline Monitoring System Market Size, By End-Use Industry, 20172024 (USD Million)
Table 18 Asia Pacific: Pipeline Monitoring System Market Size, By Technology, 20172024 (USD Million)
Table 19 China: Pipeline Monitoring System Market Size, By End-Use Industry, 20172024 (USD Million)
Table 20 China: Pipeline Monitoring System Market Size, By Technology, 20172024 (USD Million)
Table 21 Japan: Pipeline Monitoring System Market Size, By End-Use Industry, 20172024 (USD Million)
Table 22 Japan: Pipeline Monitoring System Market Size, By Technology, 20172024 (USD Million)
Table 23 Australia: Pipeline Monitoring System Market Size, By End-Use Industry, 20172024 (USD Million)
Table 24 Australia: Pipeline Monitoring System Market Size, By Technology, 20172024 (USD Million)
Table 25 India: Pipeline Monitoring System Market Size, By End-Use Industry, 20172024 (USD Million)
Table 26 India: Pipeline Monitoring System Market Size, By Technology, 20172024 (USD Million)
Table 27 Rest of Asia Pacific: Pipeline Monitoring System Market Size, By End-Use Industry, 20172024 (USD Million)
Table 28 Rest of Asia Pacific: Pipeline Monitoring System Market Size, By Technology, 20172024 (USD Million)
Table 29 Europe: Pipeline Monitoring System Market Size, By Country, 20172024 (USD Million)
Table 30 Europe: Pipeline Monitoring System Market Size, By End-Use Industry, 20172024 (USD Million)
Table 31 Europe: Pipeline Monitoring System Market Size, By Technology, 20172024 (USD Million)
Table 32 Germany: Pipeline Monitoring System Market Size, By End-Use Industry, 20172024 (USD Million)
Table 33 Germany: Pipeline Monitoring System Market Size, By Technology, 20172024 (USD Million)
Table 34 Russia: Pipeline Monitoring System Market Size, By End-Use Industry, 20172024 (USD Million)
Table 35 Russia: Pipeline Monitoring System Market Size, By Technology, 20172024 (USD Million)
Table 36 UK: Pipeline Monitoring System Market Size, By End-Use Industry, 20172024 (USD Million)
Table 37 UK: Pipeline Monitoring System Market Size, By Technology, 20172024 (USD Million)
Table 38 France: Pipeline Monitoring System Market Size, By End-Use Industry, 20172024 (USD Million)
Table 39 France: Pipeline Monitoring System Market Size, By Technology, 20172024 (USD Million)
Table 40 Italy: Pipeline Monitoring System Market Size, By End-Use Industry, 20172024 (USD Million)
Table 41 Italy: Pipeline Monitoring System Market Size, By Technology, 20172024 (USD Million)
Table 42 Rest of Europe: Pipeline Monitoring System Market Size, By End-Use Industry, 20172024 (USD Million)
Table 43 Rest of Europe: Pipeline Monitoring System Market Size, By Technology, 20172024 (USD Million)
Table 44 MEA: Pipeline Monitoring System Market Size, By Country, 20172024 (USD Million)
Table 45 MEA: Pipeline Monitoring System Market Size, By End-User Industry, 20172024 (USD Million)
Table 46 MEA: Pipeline Monitoring System Market Size, By Technology, 20172024 (USD Million)
Table 47 Iran: Pipeline Monitoring System Market Size, By End-User Industry, 20172024 (USD Million)
Table 48 Iran: Pipeline Monitoring System Market Size, By Technology, 20172024 (USD Million)
Table 49 Saudi Arabia: Pipeline Monitoring System Market Size, By End-User Industry, 20172024 (USD Million)
Table 50 Saudi Arabia: Pipeline Monitoring System Market Size, By Technology, 20172024 (USD Million)
Table 51 Oman: Pipeline Monitoring System Market Size, By End-User Industry, 20172024 (USD Million)
Table 52 Oman: Pipeline Monitoring System Market Size, By Technology, 20172024 (USD Million)
Table 53 South Africa: Pipeline Monitoring System Market Size, By End-User Industry, 20172024 (USD Million)
Table 54 South Africa: Pipeline Monitoring System Market Size, By Technology, 20172024 (USD Million)
Table 55 UAE: Pipeline Monitoring System Market Size, By End-User Industry, 20172024 (USD Million)
Table 56 UAE: Pipeline Monitoring System Market Size, By Technology, 20172024 (USD Million)
Table 57 Rest of MEA: Pipeline Monitoring System Market Size, By End-User Industry, 20172024 (USD Million)
Table 58 Rest of MEA: Pipeline Monitoring System Market Size, By Technology, 20172024 (USD Million)
Table 59 South America: Pipeline Monitoring System Market Size, By Country, 20172024 (USD Million)
Table 60 South America: Pipeline Monitoring System Market Size, By End-User Industry, 20172024 (USD Million)
Table 61 South America: Pipeline Monitoring System Market Size, By Technology, 20172024 (USD Million)
Table 62 Argentina: Pipeline Monitoring System Market Size, By End-User Industry, 20172024 (USD Million)
Table 63 Argentina: Pipeline Monitoring System Market Size, By Technology, 20172024 (USD Million)
Table 64 Brazil: Pipeline Monitoring System Market Size, By End-User Industry, 20172024 (USD Million)
Table 65 Brazil: Pipeline Monitoring System Market Size, By Technology, 20172024 (USD Million)
Table 66 Chile: Pipeline Monitoring System Market Size, By End-User Industry, 20172024 (USD Million)
Table 67 Chile: Pipeline Monitoring System Market Size, By Technology, 20172024 (USD Million)
Table 68 Peru: Pipeline Monitoring System Market Size, By End-User Industry, 20172024 (USD Million)
Table 69 Peru: Pipeline Monitoring System Market Size, By Technology, 20172024 (USD Million)
Table 70 Rest of South America: Pipeline Monitoring System Market Size, By End-User Industry, 20172024 (USD Million)
Table 71 Rest of South America: Pipeline Monitoring System Market Size, By Technology, 20172024 (USD Million)
Table 72 Companies Adopted Mergers & Acquisitions as the Key Growth Strategy Between 2016 and 2019
Table 73 Mergers & Acquisitions
Table 74 Partnerships
Table 75 New Product Developments
List of Figures (36 Figures)
Figure 1 Pipeline Monitoring System: Market Segmentation
Figure 2 Pipeline Monitoring System Market, By Region
Figure 3 Pipeline Monitoring System Market: Data Triangulation
Figure 4 List of Stakeholders Involved and Breakdown of Primary Interviews
Figure 5 The Metallic Segment is Projected to Lead the Market for Pipeline Monitoring System Through 2024
Figure 6 The Leak Detection Segment is Projected to Remain the Largest Through 2024
Figure 7 Crude & Refined Petroleum is Estimated to Account for the Largest Share in the Pipeline Monitoring System Market Through 2024
Figure 8 Ultrasonic Technology is Projected to Dominate the Pipeline Monitoring System Market Through 2024
Figure 9 North America is Estimated to Dominate the Pipeline Monitoring System Market in 2019
Figure 10 Rise in Demand for Crude & Refined Petroleum is Projected to Drive the Pipeline Monitoring System Market
Figure 11 The US is Estimated to Be the Largest Market in North America By End-Use Industry in 2019
Figure 12 Natural Gas Subsegment of the Crude & Refined Petroleum Segment to Lead the Pipeline Monitoring System Market During the Forecast Period
Figure 13 Ultrasonic Segment to Lead the Pipeline Monitoring System Market
Figure 14 Evolution of the Pipeline Monitoring System Market
Figure 15 Technological Advancement, Increased Spending on Pipeline Infrastructure, and Sustainable Use of Resources are the Key Drivers of the Pipeline Monitoring System Market
Figure 16 Pipeline Monitoring System Market Size, By Pipe Type, 2019 vs 2024 (USD Million)
Figure 17 Pipeline Monitoring System Market Size, By Technology, 2019 vs 2024 (USD Million)
Figure 18 Pipeline Monitoring System Market Size, By Solution, 2019 vs 2024 (USD Million)
Figure 19 Pipeline Monitoring System Market Size, By End-Use Industry, 2019 vs 2024 (USD Million)
Figure 20 North America: Pipeline Monitoring System Market Snapshot
Figure 21 Pipeline Monitoring System Market (Global): Competitive Leadership Mapping, 2018
Figure 22 Orbcomm Inc: Company Snapshot
Figure 23 Orbcomm, Inc.: SWOT Analysis
Figure 24 Transcanada: Company Snapshot
Figure 25 Transcanada: SWOT Analysis
Figure 26 Honeywell International Inc.: Company Snapshot
Figure 27 Honeywell International Inc.: SWOT Analysis
Figure 28 PSI Solutions for Oil & Gas: Company Snapshot
Figure 29 PSI AG: SWOT Analysis
Figure 30 Siemens AG: Company Snapshot
Figure 31 Siemens AG: SWOT Analysis
Figure 32 Huawei Technologies Co. Ltd.: Company Snapshot
Figure 33 Huawei Technologies: SWOT Analysis
Figure 34 BAE Systems: Company Snapshot
Figure 35 BAE Systems: SWOT Analysis
Figure 36 Perma-Pipe Inc.: Company Snapshot
The study involved four major activities for estimating the current global size of the pipeline monitoring systems market. The exhaustive secondary research was carried out to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizes with the industry experts across the value chain of pipeline monitoring through primary research. Both top-down and bottom-up approaches were employed to estimate the overall size of the pipeline monitoring market. After that, market breakdown and data triangulation procedures were used to determine the extent of different segments and sub-segments of the market.
Secondary Research
In the secondary research process, various secondary sources such as Hoovers, Factiva, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to, to identify and collect information for this study on the pipeline monitoring systems market. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, regulatory bodies, trade directories, and databases.
Primary Research
Various primary sources from both the supply and demand sides of the pipeline monitoring systems market were interviewed to obtain qualitative and quantitative information. The primary sources from the supply-side included industry experts such as Chief Executive Officers (CEOs), vice presidents, marketing directors, sales professionals, and related key executives from various leading companies and organizations operating in the pipeline monitoring market. The primary sources from the demand-side included key executives from banks, government organizations, and educational institutions. The breakdown of the profiles of primary respondents is as follows:
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Research Methodology
The research methodology used to estimate and forecast the pipeline monitoring system market begins with the capturing of data on key vendor revenues through secondary research and associations such as Drilling Crew Association - Oil & Gas Networking, Louisiana Oil & Gas Association, Canadian Association of Pipeline and Utility Locating Contractors, Appalachian Pipelines Association, and Colorado Pipeline Association. The vendor offerings are also taken into consideration to determine the market segmentation. A bottom-up procedure was employed to arrive at the overall size of the global pipeline monitoring system market from the revenue of the key players. After arriving at the overall market size, the total market was split into several segments and sub-segments, which were then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives. These data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments.
Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the global size of the pipeline monitoring systems market. These approaches were also used extensively to estimate the size of various dependent segments of the market. The research methodology used to estimate the market size included the following details:
- The key players were identified through extensive secondary research.
- The industrys supply chain and market size, in terms of value, were determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and sub-segments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments of the pipeline monitoring system market. The data was triangulated by studying various factors and trends from both the demand- and supply-sides.
Research Objectives
- To define, analyze, and project the size of the pipeline monitoring system market in terms of value based on type, solution, end-user industry, technology, and region
- To project the size of the market and its segments in terms of value, concerning the five main regions, namely, North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America
- To provide detailed information about the key factors such as drivers, restraints, opportunities, and challenges influencing the growth of the market
- To strategically analyze the micro-markets for individual growth trends, prospects, and their contribution to the total market
- To analyze the opportunities in the market for stakeholders and provide a detailed competitive landscape of the market leaders
- To analyze the competitive developments such as new product launches, expansions, investments, contracts, acquisitions, partnerships, agreements, and joint ventures in the pipeline monitoring system market
- To strategically profile the key players operating in the market and comprehensively analyze their market shares and core competencies
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