Building and Construction

  Pipeline monitoring is a single system that detects smaller leaks or damages in pipelines securely and more reliably, while, simultaneously, monitoring them for third-party interferences and other external threats to prevent leaks. MarketsandMarkets projects that pipeline monitoring system market size will grow from USD 4.6 billion in 2019 to USD 6.5 billion by 2024, at a compound annual growth rate (CAGR) of 7.1% from 2019 to 2024. The increase in demand for pipeline monitoring systems for crude & refined oil is driving the growth of the pipeline monitoring system market. To know about the assumptions considered for the study download the pdf brochure North America contributes a major market share in the global pipeline monitoring system market. The North American market is projected to grow at the highest rate than the other region, as many new pipelines are under construction in this region. Asia Pacific is projected to register the highest growth after North America from...

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 compound annual growth rate (CAGR) of 7.1% from 2016 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. Download the PDF Brochure https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=138709351 Ultrasonic technology sector to gain maximum traction during the forecast period The ultrasonic technology segment d...