Pipeline Monitoring System Industry Size, Growth, Demand, Opportunities and Forecast By 2029
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Global pipeline monitoring system market was valued at USD 14893.37 million in 2021 and is expected to reach USD 26364.97 million by 2029, registering a CAGR of 7.40% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Pipeline monitoring systems are the solutions deployed for evaluating bacteriological control programs and corrosions in pipelines. For the most part, they collect samples or data without producing hazardous wastes in order to satisfy regulatory oversight requirements. Pipeline monitoring systems work to reduce the danger of potential catastrophes like explosions and fire by assisting in leak detection, analyzing operating conditions, monitoring pipeline networks, and break discovery. This helps increase asset lifespan, optimize productivity, enhance safety and compliance, and improve production. Pipeline monitoring systems are currently offered commercially in a variety of forms, including metallic and non-metallic.
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Some of the major players operating in the pipeline monitoring system market are:
ABB (Switzerland)
Emerson (U.S.)
Honeywell International Inc., (U.S.)
Huawei Technologies Co. Ltd. (China)
BAE Systems (U.K.)
Schneider Electric (France)
Yokogawa Electric Corporation (Japan)
Siemens (India)
Badger Meter, Inc., (U.S.)
AVEVA Group plc (U.K.)
IBM (U.S.)
Bentek Systems (Canada)
General Electric (U.S.)
TransCanada PipeLines Limited (Canada)
HollySys Group Beijing (China)
Global Pipeline Monitoring System Market Scope:
Pipe Type
Metallic
Ductile Iron Pipes
Stainless Steel Pipe
Aluminum Pipe
Other Metal Pipes
Cast Iron Pipe
Corrugated Steel Pipe
Copper Pipe
Non-Metallic
Plastic Pipe
Glass Pipe
Other Pipes
Concrete Pipes
Asbestos Cement Pipes
Pneumatic Pipe
Technology
PIGs
Smart Ball
Ultrasonic
Magnetic Flux Leakage Technology
Others
Beta Foil Technology
Leo Technology
Application
Leak Detection
Operating Condition
Pipeline Break Detection
Others
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Pipeline Monitoring System Market Regional Analysis/Insights:
The Pipeline Monitoring System market is analysed and market size insights and trends are provided by country, material, type, application and process as referenced above.
The countries covered in the Pipeline Monitoring System market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the Pipeline Monitoring System market in terms of market share during the forecast period. This is due to the increasing demand for Pipeline Monitoring System in this region. The Asia-Pacific region leads the Pipeline Monitoring System market because this region is the demand centre of most of the petroleum fuels due to large number of vehicle population in this region.
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