How Has The Pipeline Integrity Management Market Size Evolved In Recent Years?
The pipeline integrity management market has seen considerable growth due to a variety of factors.
• The market size for pipeline integrity management has seen considerable growth in the past years. It is projected to increase from $10.14 billion in 2024 to $10.77 billion in 2025, with a compound annual growth rate (CAGR) of 6.1%. This growth during the historic period is due to factors such as stringent regulatory standards, the aging of pipeline infrastructure, incident prevention and safety issues, risk-bound inspection tactics, and the incorporation of data analytics.
What Is The Projected Growth Of The Pipeline Integrity Management Market?
The Pipeline Integrity Management market is expected to maintain its strong growth trajectory in upcoming years.
• The size of the pipeline integrity management market is anticipated to experience significant growth in the forthcoming years. It is projected to escalate to $13.41 billion in 2029, with a compound annual growth rate (CAGR) of 5.6%.
The surge during the forecast period can be credited to the shift towards condition-based maintenance, safety standard initiatives by the government, emphasis on remote monitoring and examination, inclusion of predictive maintenance, and increased investment in infrastructural refurbishment. The prediction phase also indicates major trends like adoption of digital twin technology, the application of risk-based integrity management, emphasis on data integration and visualization, and the advancement in leak detection technologies.
What Are The Key Drivers Fueling Growth In The Pipeline Integrity Management Market?
The pipeline integrity management (PIM) market is anticipated to grow due to the considerable enlargement of the oil and gas pipeline network. PIM is a strategy used by pipeline operators to ensure pipeline safety from its inception to retirement, and it involves a range of actions designed to maintain pipeline integrity. PIM is crucial in the oil and gas pipeline networks as it adds to the secured transportation of hazardous liquids and natural gas by enhancing integrity audits in order to prevent leaks or potential ruptures during routine operations and emergencies. For example, as per an article by Global Energy Monitor, a non-profit organization based in the U.S, in December 2023, approximately 69,700 kilometers (km) of gas transmission pipelines were being constructed worldwide, showing an 18% surge from 2022 and equating to a total investment of US$193.9 billion in 2023. Hence, the considerable expansion of the oil and gas pipeline network is fueling the growth of the pipeline integrity management (PIM) market.
What Are The Principal Market Segments In The Global Pipeline Integrity Management Industry?
The pipeline integrity management market covered in this report is segmented –
1) By Service Type: Inspection Services, Cleaning Services, Repair And Refurbishment Services
2) By Sector: Crude Oil, Natural Gas
3) By Location Of Deployment: Onshore, Offshore
Subsegments:
1) By Inspection Services: Visual Inspection, Ultrasonic Testing, Magnetic Particle Testing, Radiographic Testing, Acoustic Emission Testing, In-line Inspection (ILI)
2) By Cleaning Services: Pigging Services, Chemical Cleaning, Mechanical Cleaning, Hydro Jetting
3) By Repair And Refurbishment Services: Pipeline Rehabilitation, Leak Repair, Joint Repair And Replacement, Coating And Corrosion Protection
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Which Emerging Market Trends Are Altering The Pipeline Integrity Management Industry?
Key players in the pipeline integrity management market have been striving to maintain their market presence through the pursuit of R&D for revolutionary products like embedded computing solutions. An embedded computing solution is a distinctive computing system, embedded within larger devices or applications, designed to carry out specific functions or operations. As a perfect case in point, OKdo, a technology firm stationed in the UK, in October 2022 rolled out the Radxa ROCK 3 Compute Module (CM3). This is a robust embedded computing solution tailored to augment diverse applications, and notably, smart pipeline inspections. The Radxa Rock CM3 can be seamlessly integrated into smart pipeline inspection devices that make use of various sensors to spot leaks, corrosion, and other potentially hazardous conditions within pipelines. This unique feature is essential in upkeeping pipeline integrity and averting pipeline failures.
Who Are the Key Players In The Pipeline Integrity Management Market?
Major companies operating in the pipeline integrity management market include:
• T. D. Williamson Inc.
• Bureau Veritas Group
• Emerson Electric Co.
• Baker Hughes Company
• TÜV Rheinland Holding AG & Co. KG
• SGS SA
• Det Norske Veritas Co.
• Aegion Corporation
• Aker Solutions ASA
• Audubon Engineering Company LLC
• Matcor Inc.
• Fluor Corporation
• General Electric Company
• Halliburton Company
• Infosys Limited
• Intertek Group PLC
• Pembina Pipeline Corporation
• Shawcor Ltd.
• TechnipFMC PLC
• EnerMech Ltd.
• TWI Ltd.
• ROSEN India Private Ltd.
• NDT Global GmbH & Co. KG
• Applus+ RTD
• MISTRAS Group Inc.
• Corrpro Companies Inc.
• Quest Integrity Group LLC
• ABB Ltd.
• Wood Group Mustang PLC
• Penspen Ltd.
• Petrofac Limited
• Oceaneering International Inc.
• STATS Group Limited
• IKM Testing AS
• Enduro Pipeline Services Inc.
• Onstream Pipeline Inspection Services Inc.
• Dynamic Risk Assessment Systems Inc.
• Corrosion Service Company Limited
What Are The Regional Insights Into The Pipeline Integrity Management Market?
North America was the largest region in the pipeline integrity management market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pipeline integrity management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
