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
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Report Metric |
Details |
|
Market size available for years |
2017–2024 |
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Base year considered |
2018 |
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Forecast period |
2019–2024 |
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Forecast units |
Value (USD Million) |
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Segments covered |
Type, Technology, End-User Industry , Solution, and Region |
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Geographies covered |
North America, Asia Pacific, Europe, Latin America, and Middle East & Africa |
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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:
- PIG’s
- 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 Italy’s 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 Company’s (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?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction
1.1. Key Objectives
1.2. Report Description
1.3. Markets Covered
1.4. Scope of Research
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
5.1. Introduction
5.2. Evolution of Pipeline Monitoring Systems
5.3. YC-YCC Analysis
5.4. Industry Trends
5.4.1. Market Dynamics
5.4.1.1. Market Drivers
5.4.1.2. Market Restraints
5.4.1.3. Market Opportunities
5.4.1.4. Market Challenges
5.5. Regulations in the Industry
6 Pipeline Monitoring System, By Pipe Type, 2018-2024 (Value)
6.1. Introduction
6.2. Metallic
6.2.1. Ductile Iron Pipe
6.2.2. Stainless Steel Pipe
6.2.3. Aluminium Pipe
6.2.4. Other Metal Pipes (Cast Iron Pipe, Corrugated Steel Pipe, Copper Pipe)
6.3. Non Metallic
6.3.1. Plastic Pipe
6.3.2. Rubber and Elastomer Pipe
6.3.3. Glass Pipe
6.4. Others (Pneumatic Pipe, Cement Pipe, Concrete Pipe, Asbestos Pipe )
7 Pipeline Monitoring System Market, By Technology, 2018-2024 (Value)
7.1. Introduction
7.2. Pigs
7.3. Smart Ball
7.4. Ultrasonic
7.5. Magnetic Flux Leakage Technology
7.6. Fibre Optic Technology
7.7. Others (Beta-Foil Technology, Leo Technology)
8 Pipeline Monitoring System Market, By Solution, 2018-2024 (Value)
8.1. Introduction
8.2. Leak Detection
10.2.1. Flow
10.2.2. Pressure
10.2.3. Temperature
10.2.4. Density
8.3. Operating Condition
8.4. Pipeline Break Detection
8.5. Others (Liquid and Material Identification)
9 Pipeline Monitoring System Market, By End-Use Industry, 2018-2024 (Value)
9.1. Introduction
9.2. Crude & Refined Petroleum
9.3. Water & Waste Water
9.4. Others (Beverages and Drugs & Specimen)
10 Pipeline Monitoring System Market, By Geography , 2018-2024 (Value & Volume)
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. Russia
10.3.2. UK
10.3.3. France
10.3.4. Ukraine
10.3.5. Others
10.4. Asia-Pacific
10.4.1. China
10.4.2. Japan
10.4.3. Australia
10.4.4. India
10.4.5. Others
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
10.6. South & Latin America
10.6.1 Argentina
10.6.2 Brazil
10.6.3 Chile
10.6.4 Peru
10.6.5 Rest of America
11 Competitive Landscape
11.1. Introduction
11.2. Competitive Scenario
11.2.1. Mergers & Acquisitions
11.2.2. Investments & Expansions
11.2.3. Agreements, Collaborations, Partnerships & Joint Ventures
11.2.4. New Product Launches
11.3. Competitive Leadership Mapping (Global)
11.3.1. Innovators
11.3.2. Visionary Leaders
11.3.3. Dynamic Differentiators
11.3.4. Emerging Companies
11.4. Strength of Product Portfolio
11.5. Business Strategy Excellence
12 Company Profiles
12.1. Transcanada
12.1.1. Business Overview
12.1.2. Financial Assessment*
12.1.3. Operational Assessment*
12.1.4. Product Portfolio
12.1.5. Recent Development
12.1.6. SWOT*
12.1.7. Current Focus & Strategy*
12.1.8. Wining Imperatives*
12.1.9. Right to Win*
12.2. Orbcomm Inc.
12.3. PSI AG
12.4. Pure Technologies
12.5. C-FER Technologies
12.6. Honeywell International Inc
12.7. Perma Pipe Inc
12.8. Siemens AG
12.9. Huawei Technologies Co. Ltd
12.10. BAE Systems, Inc.
12.11. Others 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
* These Will Be Provided for Top 10 Based on Data Availability.
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:
To know about the assumptions considered for the study, download the pdf brochure
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 industry’s 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
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 product portfolio of each company
Geographic Analysis
- Further analysis of the pipeline monitoring system market for additional countries
Company Information
- Detailed analysis and profiling of additional market players
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Pipeline Monitoring System Market
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- Who will be your Top Customer; what will make them switch?
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Growth opportunities and latent adjacency in Pipeline Monitoring System Market