Global Pipeline Monitoring System Market Segments 2024, Forecast To 2033
5 Mar, 2024
The pipeline monitoring system market has witnessed robust growth, surging from $15.06 billion in 2023 to $16.33 billion in 2024, achieving an 8.5% CAGR. Historic growth is attributed to the rise in pipeline expansion projects, incident prevention, infrastructure aging, risk management, and environmental awareness. The market is expected to sustain strong growth, reaching $22.42 billion in 2028 with an 8.2% CAGR. Anticipated growth is fueled by big data analytics, IoT integration, climate change adaptation, a focus on cybersecurity, and the global energy transition, with major trends including advanced analytics and AI, remote monitoring and control, cybersecurity measures, integration of drones and UAVs, predictive maintenance, and environmental monitoring.
Global Pipeline Monitoring System Market Key Driver
Pipeline monitoring system market growth is linked to the expansion of pipeline infrastructure. Australia experiences a $21 billion increase in infrastructure projects, including 600 kilometers of pipeline construction. The global pipeline development activity reaches $485.8 billion, with substantial investments in new and planned pipelines.
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The pipeline monitoring system market covered in this report is segmented –
1) By Type: Metallic, Non-Metallic, Concrete Pipes, Asbestos Cement Pipes
2) By Technology: Ultrasonic, PIG (Pipeline Inspection Gauge), Small Ball, Magnetic Flux Leakage, Fiber Optic, Other Technologies
3) By Application: Operating Efficiency, Leak Detection, Pipeline Break Detection
4) By End-User: Oil And Gas, Water And Wastewater, Other End-Users
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the pipeline monitoring system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the pipeline monitoring system market report during the forecast period. The regions covered in the pipeline monitoring system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Pipeline Monitoring System Industry Players
ABB Ltd.; Emerson Electric Company; Honeywell International Inc.; Huawei Investment & Holding Co. Ltd.; ORBCOMM Inc.; Siemens AG; Schneider Electric SE; QinetiQ Group plc; Rockwell Automation Inc.; TransCanada PipeLines Limited; PSI Group Inc.; Pure Technologies Ltd.; BAE Systems Inc.; Pentair plc; Badger Meter Inc.; Bentek Systems Ltd.; General Electric Company; Perma-Pipe International Holdings Inc.; AVEVA Group plc; Yokogawa Electric Corporation; OptaSense Ltd.; International Business Machines Corporation; HollySys Automation Technology Co. Ltd.; Inductive Automation Software LLC; Atmos International plc; Syrinix Ltd.; Hifi Engineering (China) Co. Ltd.; KROHNE Messtechnik GmbH; Sensornet Ltd.; TTK Corporation
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AIOps Pipeline Monitoring System Market Overview
Pipeline monitoring system refers to system tools that are used to evaluate the corrosive environment and bacteriological control programs, to collect samples without creating harmful byproducts, to provide online analysis of chemical drug treatment, to collect data that complies with regulations assessment tasks, and to evaluate pipeline threat. While in operation, these systems provide continuous, real-time monitoring of the gases and liquids in pipelines.
Pipeline Monitoring System Global Market Report 2023 provides data on the global pipeline monitoring system market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The pipeline monitoring system market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.