Oil & Gas Pipeline Monitoring Systems Market: Introduction

  • The pipeline network plays a vital role in the transport of crude oil and natural gas across the globe, with connections to critical infrastructure such as oilfields and storage units. Oil and gas activities have been expanding in the last few years, owing to an increase in investments in oil & gas exploration activities around the globe.
  • A wide network of thousands of miles of pipelines is being installed for oil & gas transportation. These pipelines are a safer and efficient option to transport products across the world.
  • A pipeline monitoring system are crucial to monitor, maintain, and prevent leakage from the pipeline, as a leakage could lead to financial losses and environmental pollution
  • Rise in environmental concerns and stringent rules and regulations enacted by governments & international agencies about oil & gas spills are compelling companies to develop effective and efficient technologies to prevent any leakage in pipelines. Companies are also actively investing to develop efficient pipeline monitoring solutions.

Key Drivers and Restraints of Oil & Gas Pipeline Monitoring Systems Market

  • Rise in incidents of accidental leakage is a major factor driving the oil & gas pipeline monitoring systems market. Leakage of oil or gas due to pipeline failure results in irreversible damages, such as financial loss and significant environmental pollution. Oil & gas pipeline monitoring systems help companies to prevent leakage, which in turn is likely to avoid financial losses and environmental pollutions
  • Rise in import and export of oil & gas, globally, is another driver of the oil & gas pipeline monitoring systems market. Demand for import and export of oil & gas through pipelines has been rising significantly in the last few years, as pipelines provide continues and safe transportation. Rise in demand for transportation of oil & gas through pipelines from several countries is expected to boost the oil & gas pipeline monitoring systems market.
  • High cost of installation and land acquisition is a major restraint of the oil & gas pipeline monitoring systems market. Initial investment required for laying of pipelines, is high, as compared to the cost of other options for the transport of hydrocarbon products; however, pipelines are considered as a cost-effective mode of transport in the long run.

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Global Oil & Gas Pipeline Monitoring Systems Market Segmentation

  • The global oil & gas pipeline monitoring systems market can be segmented based on technology, application, and pipe type
  • In terms of technology, the oil & gas pipeline monitoring systems market can be segmented into ultrasonic, pipeline inspection gauges, smart ball, magnetic flux leakage and others. Magnetic flux detection of leakage is most efficiently used for both liquid and gas pipelines; hence, the magnetic flux leakage segment is estimated to expand at a rapid pace during the forecast period.
  • Based on application, the oil & gas pipeline monitoring systems market can be divided into leak detection, operating condition monitoring, corrosion detection, and others. The operating condition monitoring segment is expected to dominate the oil & gas pipeline monitoring systems market and expand at a notable CAGR during the forecast period. The operating condition monitoring system can detect slight changes in the pipe conditions, which can prevent any leakage in the pipeline. Consequently, the operating condition monitoring segment is projected to gain market share during the forecast period.
  • Based on pipe type, the global market can be classified into ductile iron, stainless steel, aluminum, plastic, and others. Metal pipes, such as ductile iron, steel and aluminum, are extensively utilized in the industry, due to easy installation and safety offered by metal pipes.

Global Oil & Gas Pipeline Monitoring Systems Market: Regional Segmentation

  • Based on region, the global oil & gas pipeline monitoring systems market can be classified into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa
  • North America dominated the global oil & gas pipeline monitoring systems market in 2018. The market in the region is expected to expand at a significant pace during the forecast period. The U.S. is a leading oil producer of oil & gas, globally, and hence, it is expected to lead the global market in near future.
  • The market in Europe is projected to expand at a significant CAGR in the near future. This is attributed to an increase in investment in long-distance export pipelines owing to a rise in the demand for the oil & gas in the region.
  • Middle East & Africa is the third-largest market for oil & gas pipeline monitoring systems, globally, due to the presence of shallow water oil reservoirs across Saudi Arabia, Qatar, Kazakhstan and Iran, which led to extensive utilization of pipelines for transportation of oil & gas in these countries.

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Key Players Operating in Market:

  • Honeywell International Inc
  • Siemens AG
  • Orbcomm Inc
  • OptaSense
  • Sensornet Limited
  • ORBCOMM
  • Skymap Global.
  • SenseGrow Inc
  • Huawei Technologies Co. Ltd.
  • BAE Systems, Inc

Global Oil & Gas Pipeline Monitoring Systems Market: Research Scope

Global Oil & Gas Pipeline Monitoring Systems Market, by Technology

  • Ultrasonic
  • PIGS
  • Smart Ball
  • Magnetic Flux Leakage
  • Others

Global Oil & Gas Pipeline Monitoring Systems Market, by Application

  • Leak Detection
  • Operating Condition Monitoring
  • Corrosion detection
  • Others

Global Oil & Gas Pipeline Monitoring Systems Market, by Pipe Type

  • Ductile Iron
  • Stainless Steel
  • Aluminum
  • Plastic
  • Others

Global Oil & Gas Pipeline Monitoring Systems Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • South Korea
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Oil Gas Pipeline Monitoring Systems Market

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