Skip to main content

Pipeline Monitoring Systems Market by Application (Leak Detection, Operating Efficiency, and Pipeline Break Detection)- Global Forecast to 2026


The pipeline monitoring systems market is expected to witness high growth as a result of the 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 up-gradation 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.
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 that 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. Also, the 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.
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.
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)
North America contributes a major market share in the global pipeline monitoring systems market. The North American market is projected to grow at the highest rate than other regions as many new pipelines are under construction in this region. Europe constitutes the second-largest market share in pipeline monitoring systems while Asia-Pacific is projected to register the highest growth after North America. Emerging economies such as India, China, and Japan are projected to grow at moderate CAGRs between 2016 and 2026.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Labels:

Comments

Post a Comment

Popular posts from this blog

Pipeline Monitoring System Market worth $19.2 billion by 2026

The global pipeline monitoring system market size is projected to grow from USD 13.2 billion in 2021 to USD 19.2 billion by 2026, at a CAGR of 7.8% from 2021 to 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. To know about the assumptions considered for the study download the pdf brochure In terms of value, the metallic pipes segment is estimated to lead the pipeline monitoring system market in 2020. The metallic pipes segment accounted for the largest market share ...
Post a Comment
Read more

Rise in construction and infrastructure activities is driving the Cladding Systems Market

The cladding systems market is projected to grow from USD 234.1 billion in 2021 to USD 306.9 billion by 2026, at a CAGR of 5.6% from 2021 to 2026. Cladding systems market is expected to grow in accordance to the growth of construction industry across the globe. Factors such as increase in the residential and commercial construction and infrastructure activities, along with the demand for durability of cladding systems with the ability to withstand various weathering actions and resist chemical attacks & deterioration are expected to support market growth during the forecast period. The growth of the cladding systems market is highly dependent on the growth of the construction industry. Most construction activities take place in the emerging countries of the Asia Pacific region. Construction industries in matured markets such as the US and the UK are also growing. To know about the assumptions considered for the study download the pdf brochure The rise of the middle class and its c...
Post a Comment
Read more

Pipeline Monitoring System Market Driver: Sustainable use of resources

The global pipeline monitoring system market size is projected to grow from USD 13.2 billion in 2021 to USD 19.2 billion by 2026, at a CAGR of 7.8% from 2021 to 2026. Pipeline monitoring is a single system that detects smaller leaks or damages securely and more reliably while simultaneously monitoring for third-party interference and other external pipeline threats to prevent leaks altogether. Pipeline monitoring system is widely used in end-use industries such as crude & refined petroleum, and water & wastewater, amongst others. Developing pipeline infrastructure requires a significant initial investment. Oil and gas reserves are depleting due to rising global energy demand. To address this challenge, businesses are developing highly efficient facilities to increase production technologies and lower operational expenses. Oil and gas businesses are now forced to install monitoring systems throughout their infrastructure. Due to the heightened terrorist threats and cyber-attacks...
Post a Comment
Read more