Dublin, April 24, 2023 (GLOBE NEWSWIRE) -- The "Pipeline Monitoring Systems: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Pipeline Monitoring Systems estimated at US$12.8 Billion in the year 2022, is projected to reach a revised size of US$19.3 Billion by 2030, growing at a CAGR of 5.2% over the analysis period 2022-2030.
Ultrasonic, one of the segments analyzed in the report, is projected to record a 7.4% CAGR and reach US$7.6 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Magnetic Flux Leakage segment is readjusted to a revised 4.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $3.5 Billion, While China is Forecast to Grow at 9.1% CAGR
The Pipeline Monitoring Systems market in the U.S. is estimated at US$3.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.3 Billion by the year 2030 trailing a CAGR of 9.1% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.7% and 5.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.6 Billion by the year 2030.
Select Competitors (Total 42 Featured) -
- ABB Group
- Atmos International Inc.
- BAE Systems PLC
- ClampOn AS
- Future Fibre Technologies Pty., Ltd.
- Honeywell International, Inc.
- Huawei Technologies Co., Ltd.
- KROHNE Messtechnik GmbH
- ORBCOMM, Inc.
- Pentair PLC
- Perma-Pipe, Inc.
- Pure Technologies Ltd.
- Radiobarrier
- Senstar Corporation
- Siemens AG
- Syrinix
- Thales Group
- TransCanada Corporation
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 194 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $12.8 Billion |
| Forecasted Market Value (USD) by 2030 | $19.3 Billion |
| Compound Annual Growth Rate | 5.3% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Pipeline Monitoring Systems Market: Prelude
- Smart Ball Segment to Record High Growth
- Pipeline Monitoring Systems - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Oil and Gas Pipeline Monitoring Systems Market: Rise in Cross-Border Pipeline Infrastructure Networks Fuels Growth
- Countries with Longest Network Oil and Gas Pipelines Network
- Asian Economies at the Forefront of Oil & Gas Pipeline Additions: Planned Pipeline Length Additions in km for Select Countries (2018-2022)
- Natural Gas Pipeline Distribution in the US in Miles for the Period 1990-2017
- Growing Risk of Pipeline Incidents Enhances Importance of Pipeline Monitoring
- Oil & Gas Pipeline Incidents in the US for the Period 2010-2018
- Environmental and Health Risks Associated with Natural Gas Leaks Fuels Need for Pipeline Monitoring Systems
- Despite Temporary Concerns over Stalling Oil Demand, Favorable Long-term Demand Outlook and Subsequent Increase in Pipeline Length Additions Drive Growth
- World Crude Oil Production: Breakdown of Production Volume in Thousand Barrels Per Day for Persian Gulf Nations and Non-OPEC Countries for the Period 2000-2018
- Crude Oil Demand Worldwide in Million Barrels Per Day for the Years 2006 through 2019
- As the Oil & Gas Pipeline Network Ages, Demand for Monitoring Gains Importance to Ensure Safety and Reduce Costs
- Cyberattacks and Terrorism Threaten Oil & Gas Pipeline Networks, Driving Demand for Monitoring Solutions
- Latest Technologies Enable Intelligent Pipeline Monitoring in Oil & Gas Industry
- Rising Importance of Wireless Sensing Technologies in Managing Serviceability and Stability of Oil & Gas Pipelines
- Distributed Acoustic Fiber Optic Sensing (DAS): A Versatile Technology for Pipeline Monitoring
- Advancements in Oil Leakage Detection and Pipeline Monitoring Technologies: A Review
- Major Causes of Pipeline Failure: Percentage Breakdown of Failures by Source of Failure in Oil & Gas Industry
- IoT-Enabled Leakage Detection System and IoT Connected Pipelines Ensure Real-time Detection of Oil & Gas Pipelines
- Remote Sensing for Monitoring of Oil & Gas Pipelines
- Challenging Conditions of Deepwater Pipeline Inspection Necessitates Use of Advanced Technologies
- UAVs Technology Promises to Supplement Existing Pipeline Monitoring Functions in Oil & Gas Sector
- Water Pipeline Leak Detection Systems: Reducing Damage Costs Associated with Water Leaks in Pipelines
- Global Water Leak Detection Systems Market: Percentage Breakdown of Revenues by Type for 2019 and 2025
- Global Water Leak Detection Systems Market: Percentage Breakdown of Revenues by Application for 2019 and 2025
- Aging Water Pipeline Infrastructure Contributes to Enhanced Focus on Monitoring
- Water Utilities Leverage the Capabilities of Numerous Advanced Technologies for Pipeline Monitoring
- Smart Water Monitoring Platform: A Novel Water Leak Detection Solution
- IoT Technology Finds Use in Water Leakage Detection Monitoring
- Remote Leak Identification to Transform Pipeline Monitoring for Water Utilities
- High Signal-to-Noise Ratio Accelerometer to Detect Leak in Plastic Water Supply Pipes
- Robots to Play Important Role in the Inspection and Repair of Pipelines
- Pipeline Pigging Systems Market: Stable Growth Outlook
- Smart PIGs Enhance Safety of Pipelines
- Strict Regulations for Pipeline Security and Safety Drives Focus onto Efficient Monitoring
- Innovations & Advancements
- CEPA Member Tests New Technology for Rapid Detection of Pipeline Leaks
- ABB AbilityT Mobile Leak Detection System: Detecting and Quantifying Gas Leaks in Pipelines
- NETL Developing Fiberoptic Wires for Water Pipeline Monitoring
- Wireless Sensor Network: A Promising Technology for Water Pipeline Monitoring
- pipe::scan: An Innovative Sensor System to Monitor Drinking Water Quality in Pipes
- Scientists Developing Living Sensors for Real-time Detection of Leaks in Gas Pipelines
- Ophir Develops duoThane for Methane Gas Detection in Natural Gas Pipelines
- Pipe-Crawling Robot to Help Monitor Pipeline Infrastructure
- PRODUCT OVERVIEW
- Pipeline Monitoring Systems
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/gp1fdh
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
