Pipeline Monitoring System Market worth $6.5 billion by 2024 https://www.marketsandmarkets.com/Market-Reports/pipeline-monitoring-system-market-138709351.html
Scope of The Report This research report categorizes the pipeline monitoring system market based on type, technology,enduser industry, solution, and region. By Technology • • • • • •
PIG’s Smart ball Ultrasonic Magnetic flux leakage technology Fiber optic technology Others ( Beta foil technology and Leo technology)
By solution
By End-use Industry •
Crude & refined petroleum • • •
• •
•
• • • •
Oil Natural gas Biofuels
Water & wastewater Others (Beverages, drugs, and specimens)
Leak detection
• • •
Flow Pressure Temperature Density
Operating condition Pipeline break detection Others (Liquid & Material Identification)
And More… https://www.marketsandmarkets.com/Market-Reports/pipeline-monitoring-system-market-138709351.html
Key Segments 1
The report provides detailed insights into the global Pipeline Monitoring System market that has been segmented by Technology, End-use Industry, Solution, Pipe-Type and region.
2
BY type, the metallic pipe segment is projected to grow at the highest CAGR during the forecast period.
3 4 5
By solution, the leak detection segment is projected to lead the pipeline monitoring system market from 2019 to 2024.
By end-user industry, the crude & refined petroleum segment is projected to lead the pipeline monitoring system market from 2019 to 2024.
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.
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Market Growth Rate 2024
2019 Market Size of USD 4.6 billion
Market Size of USD 6.5 billion
Recent Developments • In March 2019, Siemens equipped 29 gas turbines with Remote Diagnostic Services for Gail India Limited across the Hazira-VijaipurJagdishpur(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. https://www.marketsandmarkets.com/Market-Reports/pipeline-monitoring-system-market-138709351.html
Key Vendors Vendors • Siemens AG (Germany) • Honeywell International Inc. (U.S.)
• PSI AG (Germany) • Pure Technology (Canada)
• BAE Systems (U.K) • Perma Pipes(U.S) • Transcanada ( Canada)
• Orbcomm Inc. (U.S.) • Huawei (China) • And More
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Major Regions • North America • Europe • Asia Pacific • Middle East & Africa • Latin America
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Key Questions Answered in Our 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? https://www.marketsandmarkets.com/Market-Reports/pipeline-monitoring-system-market-138709351.html
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