Pipeline Monitoring Systems Market by Technology (Ultrasonic, PIGs, Smart Ball, and Magnetic Flux Leakage), Application (Leak Detection, Operating Efficiency, and Pipeline Break Detection), End-Use Industry, and Pipe Type - Global Forecast to 2026

The pipeline monitoring systems market size is estimated to grow from USD 4.13 Billion in 2015 to USD 8.72 Billion by 2026, at a CAGR of 7.1% from 2016 to 2026. The base year considered for the study is 2015 and the market size is projected from 2016 to 2026.

The report aims at estimating the market size and future growth potential of the pipeline monitoring systems market across different segments such as pipe type, application, technology, end-use industry, and region. The other objectives include providing detailed information regarding the main factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges). It also aims to study the individual growth trends, future prospects, and contribution of various segments to the total market. The study also analyzes opportunities in the market for stakeholders and details of competitive landscape for the market leaders. It strategically profiles key players and comprehensively analyzes their core competencies.

The research methodology used to estimate and forecast the pipeline monitoring systems market begins with capturing data on key vendor revenues through secondary research and associations such as the Drilling Crew Association - Oil & Gas Networking, the Louisiana Oil & Gas Association, the Canadian Association of Pipeline and Utility Locating Contractors, the Appalachian Pipeliners Association, and the Colorado Pipeline Association. The vendor offerings are also taken into consideration to determine the market segmentation. A bottom-up procedure was conducted to arrive at the overall size of the global pipeline monitoring systems market from the revenue of the key players. After arriving at the overall market size, the total market was split into several segments and subsegments, 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 subsegments. The breakdown of the profiles of primaries is depicted in the figure below:

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The pipeline monitoring systems market includes pipe and monitoring system manufacturers such as Siemens AG (Germany), Honeywell International Inc. (U.S.), Perma Pipes (U.S.), Transcanada (Canada), PSI AG (Germany), and Orbcomm Inc. (U.S.). Further, the monitoring systems manufactured by these companies are used for pipeline monitoring system companies. The global market for the pipeline monitoring systems market is dominated by players such as 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 (China), and Pentair PLC. (U.K.), Atmos International (U.K.), Clampon AS (Norway), ABB Group (Switzerland), Future Fibre Technologies (Australia), Senstar Inc. (Canada), Syrinix (U.K.), Radiobarrier (Russia), TTK (France), Krohne Group (Germany), and Thales Group (France).

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 standard organizations, forums, alliances, and associations
• Technology investors
• Government, financial institutions, and investor communities
• Analysts and strategic business planners
• End users

Scope of the Report

The research report segments the pervious construction market into the following submarkets:

Pipeline Monitoring Systems Market: By Pipe Type

• Introduction
• Metallic
  • Ductile iron pipe
  • Stainless steel pipe
  • Aluminum pipe
  • Other metal pipes (cast iron pipe, corrugated steel pipe, copper pipe)
• Non-metallic
  • Plastic pipe
  • Glass pipe
• Other pipes
  • Concrete pipes
  • Asbestos cement pipes
  • Pneumatic pipe

Pipeline Monitoring Systems Market: By Technology

• Introduction
• PIGs
• Smart ball
• Ultrasonic
• Magnetic flux leakage technology
• Others (beta foil technology, leo technology)

Pipeline Monitoring Systems Market: By Application

• Introduction
• Leak detection
  • Flow
  • Pressure
  • Temperature
  • Density
• Operating condition
• Pipeline break detection
• Others (liquid/material identification)

Pipeline Monitoring Systems Market: By End-Use Industry

• Introduction
• Crude & refined petroleum
  • Oil
  • Natural gas
  • Biofuel
• Water & wastewater
• Others (beverages, drugs & specimen, currency)

Pipeline Monitoring Systems Market: By Region

• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to client-specific needs. The following customization options are available for the report:

Product Analysis

• Product Matrix, which gives a detailed comparison of the product portfolio of each company

Geographic Analysis

• Further analysis of the pipeline monitoring systems market for additional countries

Company Information

• Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Regional Scope
           1.3.2 Periodization
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Data Triangulation
    2.4 Research Assumptions & Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 34)
    4.1 Pipeline Monitoring Systems Market Overview, 2016 vs 2021
    4.2 Pipeline Monitoring Systems Market, By Technology
    4.3 Pipeline Monitoring Systems Market, By Application
    4.4 Pipeline Monitoring Systems Market, By End-Use Industry
    4.5 North America: Pipeline Monitoring Systems Market
    4.6 Pipeline Monitoring Systems Market: Regional Snapshot

5 Market Overview (Page No. - 39)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
           5.3.1 By Pipe Type
           5.3.2 By Technology
           5.3.3 By Application
           5.3.4 By End-Use Industry
           5.3.5 By Region
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Need for Secure Transportation of Resources
                    5.4.1.2 Increase in Incidence of Oil & Gas Leakage
                    5.4.1.3 Rising Oil & Gas Demand in Developing Economies
                    5.4.1.4 Increased Government Regulations for Safety and Monitoring
           5.4.2 Restraints
                    5.4.2.1 Limited Awareness About Monitoring System Implementation Among Operators
           5.4.3 Opportunities
                    5.4.3.1 Increase in Demand in Pipeline Monitoring Solutions Due to Enhanced Pipeline Infrastructure
           5.4.4 Challenges
                    5.4.4.1 Limited Funds for Development of Aging Infrastructure
                    5.4.4.2 Multi-Site Facilities Posing Challenges for Implementation of Comprehensive Monitoring System
    5.5 Innovation Spotlight

6 Pipeline Monitoring Systems Market, By Technology (Page No. - 50)
    6.1 Introduction
    6.2 Ultrasonic
    6.3 Pig
    6.4 Smart Ball
    6.5 Magnetic Flux Leakage
    6.6 Others

7 Pipeline Monitoring Systems Market, By Application (Page No. - 53)
    7.1 Introduction
    7.2 Leak Detection
           7.2.1 Flow
           7.2.2 Pressure
           7.2.3 Temperature
           7.2.4 Density
    7.3 Operating Condition
    7.4 Pipeline Break Detection
    7.5 Others

8 Pipeline Monitoring Systems Market, By End-Use Industry (Page No. - 57)
    8.1 Introduction
    8.2 Crude & Refined Petroleum
           8.2.1 Oil
           8.2.2 Natural Gas
           8.2.3 Biofuel
    8.3 Water & Wastewater
    8.4 Others

9 Pipeline Monitoring System Market, By Pipe Type (Page No. - 61)
    9.1 Introduction
    9.2 Metallic Pipe
           9.2.1 Ductile Iron Pipe
           9.2.2 Stainless Steel Pipe
           9.2.3 Aluminum Pipe
           9.2.4 Other Metal Pipes
    9.3 Non-Metallic Pipe
           9.3.1 Plastic Pipe
           9.3.2 Glass Pipe
    9.4 Others

10 Pipeline Monitoring Systems Market, By Region (Page No. - 65)
     10.1 Introduction
     10.2 North America
             10.2.1 U.S.
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 Germany
             10.3.2 Russia
             10.3.3 U.K.
             10.3.4 France
             10.3.5 Ukraine
             10.3.6 Rest of Europe
     10.4 Asia-Pacific
             10.4.1 China
             10.4.2 Japan
             10.4.3 Australia
             10.4.4 India
             10.4.5 Rest of Asia-Pacific
     10.5 Middle East and 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
     10.6 Latin America
             10.6.1 Argentina
             10.6.2 Brazil
             10.6.3 Chile
             10.6.4 Peru
             10.6.5 Rest of Latin America

11 Competitive Landscape (Page No. - 110)
     11.1 Overview
     11.2 Market Share of Key Players
             11.2.1 Siemens
             11.2.2 Honeywell International Inc.
             11.2.3 BAE Systems
             11.2.4 Transcanada
             11.2.5 Perma Pipes
     11.3 Competitive Situation & Trends
             11.3.1 Contracts & Agreements Was the Key Strategy Adopted By Major Players in the Pipeline Monitoring Systems Market
             11.3.2 Agreements & Contracts
             11.3.3 Expansions & Investments
             11.3.4 New Product Launches
             11.3.5 Mergers & Acquisitions

12 Company Profiles (Page No. - 118)
     12.1 Orbcomm Inc.
     12.2 Transcanada Company
     12.3 PSI AG
     12.4 Pure Technologies
     12.5 Honeywell International Inc
     12.6 Perma Pipe Inc.
     12.7 Siemens AG
     12.8 Huawei Technologies Co. Ltd.
     12.9 BAE Systems, Inc.
     12.10 Pentair PLC
     12.11 Other Key Players
             12.11.1 Atmos International
             12.11.2 Clampon As
             12.11.3 ABB Group
             12.11.4 Future Fibre Technologies
             12.11.5 Senstar, Inc.
             12.11.6 Syrinix
             12.11.7 Radiobarrier
             12.11.8 TTK
             12.11.9 Krohne Group
             12.11.10 Thales Group
             12.11.11 ABB Group

13 Appendix (Page No. - 153)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Introducing RT: Real-Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details

List of Tables (77 Tables)

Table 1 Pipeline Monitoring System Market, By Technology
Table 2 Pipeline Monitoring System Market, By Application
Table 3 Pipeline Monitoring System Market, By End-Use Industry
Table 4 U.S. Oil & Gas Leak Accidents (2014–2015)
Table 5 Pipeline Monitoring Systems Market: Innovation Spotlight
Table 6 Pipeline Monitoring Systems Market Size, By Technology, 2014–2026 (USD Million)
Table 7 Pipeline Monitoring Systems Market Size, By Application, 2014–2026 (USD Million)
Table 8 Pipeline Monitoring Systems Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 9 Pipeline Monitoring Systems Market Size, By Crude & Refined Petroleum, 2014–2026 (USD Million)
Table 10 Pipeline Monitoring System Market Size, By Pipe Type, 2014–2026 (USD Million)
Table 11 North America: By Market Size, By Country, 2014–2026 (USD Million)
Table 12 North America: By Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 13 North America: By Market Size, By Application, 2014–2026 (USD Million)
Table 14 U.S.: By Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 15 U.S.: By Market Size, By Application, 2014–2026 (USD Million)
Table 16 Canada: By Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 17 Canada: By Market Size, By Application, 2014–2026 (USD Million)
Table 18 Mexico: By Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 19 Mexico: By Market Size, By Application, 2014–2026 (USD Million)
Table 20 Europe: By Market Size, By Country, 2014–2026 (USD Million)
Table 21 Europe: By Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 22 Europe: By Market Size, By Application, 2014–2026 (USD Million)
Table 23 Germany: By Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 24 Germany: By Market Size, By Application, 2014–2026 (USD Million)
Table 25 Russia: By Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 26 Russia: By Market Size, By Application, 2014–2026 (USD Million)
Table 27 U.K.: By Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 28 U.K.: By Market Size, By Application, 2014–2026 (USD Million)
Table 29 France: By Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 30 France: By Market Size, By Application, 2014–2026 (USD Million)
Table 31 Ukraine: By Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 32 Ukraine: By Market Size, By Application, 2014–2026 (USD Million)
Table 33 Rest of Europe: By Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 34 Rest of Europe: By Market Size, By Application, 2014–2026 (USD Million)
Table 35 Asia-Pacific: By Market Size, By Country, 2014–2026 (USD Million)
Table 36 Asia-Pacific: By Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 37 Asia-Pacific: By Market Size, By Application, 2014–2026 (USD Million)
Table 38 China: By Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 39 China: By Market Size, By Application, 2014–2026 (USD Million)
Table 40 Japan: By Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 41 Japan: By Market Size, By Application, 2014–2026 (USD Million)
Table 42 Australia: By Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 43 Australia: By Market Size, By Application, 2014–2026 (USD Million)
Table 44 India: By Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 45 India: By Market Size, By Application, 2014–2026 (USD Million)
Table 46 Rest of Asia-Pacific: By Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 47 Rest of Asia-Pacific: By Market Size, By Application, 2014–2026 (USD Million)
Table 48 Middle East & Africa: By Market Size, By Country, 2014–2026 (USD Million)
Table 49 Middle East & Africa: By Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 50 Middle East & Africa: By Market Size, By Application, 2014–2026 (USD Million)
Table 51 Iran: By Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 52 Iran: By Market Size, By Application, 2014–2026 (USD Million)
Table 53 Oman: By Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 54 Oman: By Market Size, By Application, 2014–2026 (USD Million)
Table 55 South Africa: By Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 56 South Africa: By Market Size, By Application, 2014–2026 (USD Million)
Table 57 UAE: By Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 58 UAE: By Market Size, By Application, 2014–2026 (USD Million)
Table 59 Rest of Middle East & Africa: By Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 60 Rest of Middle East & Africa: By Market Size, By Application, 2014–2026 (USD Million)
Table 61 Latin America: By Market Size, By Country, 2014–2026 (USD Million)
Table 62 Latin America: By Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 63 Latin America: By Market Size, By Application, 2014–2026 (USD Million)
Table 64 Argentina: By Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 65 Argentina: By Market Size, By Application, 2014–2026 (USD Million)
Table 66 Brazil: By Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 67 Brazil: By Market Size, By Application, 2014–2026 (USD Million)
Table 68 Chile: By Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 69 Chile: By Market Size, By Application, 2014–2026 (USD Million)
Table 70 Peru: By Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 71 Peru: By Market Size, By Application, 2014–2026 (USD Million)
Table 72 Rest of Latin America: By Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 73 Rest of Latin America: By Market Size, By Application, 2014–2026 (USD Million)
Table 74 Honeywell Dominated With Maximum Market Developments From 2012–2016
Table 75 Expansions & Investments, 2015–2016
Table 76 New Product Launches, 2015–2016
Table 77 Mergers & Acquisitions, 2015–2016

List of Figures (47 Figures)

Figure 1 Pipeline Monitoring System: Market Segmentation
Figure 2 Pipeline Monitoring Systems Market, By Region
Figure 3 Pipeline Monitoring Systems Market: Research Design
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Pipeline Monitoring Systems: Data Triangulation Methodology
Figure 7 Leak Detection Segment is Projected to Remain the Largest Application Through 2021
Figure 8 Crude & Refined Oil is Estimated to Account for the Largest Share in the Pipeline Monitoring Systems Market Through 2021
Figure 9 Metallic Pipes Application is Expected to Lead the Market for Pipeline Monitoring Systems Through 2021
Figure 10 Ultrasonic Technology is Projected to Dominate the Pipeline Monitoring Systems Market Through 2021
Figure 11 North America Dominated the Pipeline Monitoring Systems Market in 2015
Figure 12 Emerging Economies Offer Attractive Opportunities in the Pipeline Monitoring Systems Market
Figure 13 Ultrasonic Segment to Lead the Market for Pipeline Monitoring Systems Through 2021
Figure 14 Leak Detection Segment to Grow at the Highest Rate During the Forecast Period
Figure 15 Crude & Refined Petroleum Segment to Grow at the Highest Rate During the Forecast Period
Figure 16 Leak Detection Segment Captured the Largest Share in the North America Market in 2015
Figure 17 Market in China and U.S. Projected to Grow at the Highest Rate From 2016 to 2021
Figure 18 Evolution of the Pipeline Monitoring System Market
Figure 19 Pipeline Monitoring System Market, By Region
Figure 20 Market Dynamics
Figure 21 Smart Ball Technology is Projected to Grow at the Highest Rate From 2016 to 2021
Figure 22 The Leak Detection Segment is Projected to Grow at the Highest Rate From 2016 to 2021
Figure 23 Crude & Refined Petroleum Segment is Projected to Grow at the Highest Rate From 2016 to 2021
Figure 24 Metallic Pipes to Dominate Pipeline Monitoring System Market Through 2016 to 2021
Figure 25 Geographic Snapshot (2016–2021): the Market in the U.S. is Projected to Have the Highest Rate
Figure 26 North America Pipeline Monitoring System Market Snapshot: the U.S. is Projected to Be the Fastest-Growing Market Between 2016 & 2021
Figure 27 Europe Pipeline Monitoring System: Market Snapshot
Figure 28 Asia-Pacific Pipeline Monitoring System: Market Snapshot
Figure 29 Companies Adopted Contracts & Agreements as the Key Growth Strategies Between 2012 and 2016
Figure 30 Pipeline Monitoring Systems Market, 2015
Figure 31 2015 has Been an Active Year for the Companies in the Pipeline Monitoring Systems Market, in Terms of Number of Developments
Figure 32 Contracts & Agreements: the Key Strategy, 2012–2016
Figure 33 Orbcomm Inc. : Company Snapshot
Figure 34 SWOT Analysis: Orbcomm Inc.
Figure 35 Transcanada : Company Snapshot
Figure 36 Trancanada Company : SWOT Analysis
Figure 37 PSI AG : Company Snapshot
Figure 38 PSI AG : SWOT Analysis
Figure 39 Pure Technology: Company Snapshot
Figure 40 Pure Technology: SWOT Analysis
Figure 41 Honeywell International Inc. : Company Snapshot
Figure 42 Honeywell International Inc.: SWOT Analysis
Figure 43 Perma Pipe Inc.: Company Snapshot
Figure 44 Siemens AG: Company Snapshot
Figure 45 Huawei Technologies Co Ltd.: Company Snapshot
Figure 46 BAE Systems : Company Snapshot
Figure 47 Pentair PLC: Company Snapshot

MarketsandMarkets projects that the pipeline monitoring systems market size will grow from USD 4.13 Billion in 2015 to USD 8.72 Billion by 2026, at an estimated CAGR of 7.1% between 2016 and 2026. The pipeline monitoring systems market is expected to witness high growth as a result of increased 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 growth in trend of the development of new devices and solutions to monitor the pipeline performance, optimize the resources, automate the functions, and safeguard the operations fuels the growth of pipeline monitoring systems. 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.

This report has been segmented on the basis of technology, pipe type, application, end-use industry, and region. The ultrasonic technology is projected to be the fastest-growing segment in the pipeline monitoring systems market during the forecast period. There is a growth in demand for ultrasonic technology in the pipeline monitoring systems sector as it is preferred by major oil & gas companies to detect small and large leakages.

On the basis of pipe type, the metallic pipes segment is projected to grow at a higher rate in the forecast period as it is the primary material used in a pipeline industry. This growth can be attributed to its high pressure carrying strength, for any material transporting through metallic pipelines.

In terms of application, the leak detection application is projected to grow at a higher CAGR from 2016 to 2026. This growth can be attributed to the increasing investments from oil & gas companies in pipeline monitoring infrastructures and safe transportation of the material through it. Pipeline leakage detection systems help in detecting damages across the pipeline infrastructure. These systems detect leaks on the basis of flow, pressure, temperature, and density.

Gas pipelines which are covered under the crude & refined petroleum segment accounted for a major share, which creates a huge potential for pipeline monitoring systems for gas pipelines; this is projected to grow at a higher rate between 2016 and 2021. Also, the construction of number of pipelines in various regions may lead to the growth of pipeline monitoring systems for crude & refined oil across the globe.

In 2015, the North American market accounted for the largest share of total market of pipeline monitoring systems, in terms of value, followed by Europe. However, the Asia-Pacific region is projected to grow at the fastest rate than Europe in the pipeline monitoring systems market from 2016 to 2026. 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 2016 to 2026. This is because of the high population in these country, along with new pipelines under construction, which will increase the demand for pipeline monitoring systems.

The global market for pipeline monitoring systems is dominated by major manufacturers of 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 (China), and Pentair PLC. (U.K.) are the major manufacturers of pipelines and monitoring systems in the pipeline monitoring systems market. Other players include Atmos International (U.K.), Clampon AS (Norway), ABB Group (Switzerland), Future Fibre Technologies (Australia), Senstar Inc. (Canada), Syrinix (U.K.), Radiobarrier (Russia), TTK (France), Krohne Group (Germany), and Thales Group (France). These companies use various strategies such as mergers & acquisitions, expansions, new product launches, and partnerships to strengthen their position in the market.

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