Global Pipeline Monitoring System Market, By Pipe Type (Metallic, Non-Metallic, Other Pipes), Technology (PIGs, Smart Ball, Ultrasonic, Magnetic Flux Leakage Technology, Others), Application (Leak Detection, Operating Condition, Pipeline Break Detection, Others), End-Use Industry (Crude and Refined Petroleum, Water and Wastewater, Others) – Industry Trends and Forecast to 2029
Pipeline Monitoring System Market Analysis and Size
Over the last few years, there has been immense growth in the chemical industry. Additionally, there has been strong development in the manufacturing sector, which have significantly contributed to the lubricants market, further increasing the overall growth for the market.
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 System Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Pipe Type (Metallic, Non-Metallic, Other Pipes), Technology (PIGs, Smart Ball, Ultrasonic, Magnetic Flux Leakage Technology, Others), Application (Leak Detection, Operating Condition, Pipeline Break Detection, Others), End-Use Industry (Crude and Refined Petroleum, Water and Wastewater, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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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) and Inductive Automation (U.S.)
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Market Opportunities
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Market Definition
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.
Pipeline Monitoring System Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Growth Of The Pipeline Infrastructure
The pipeline infrastructure has greatly grown as a result of the rise in oil and gas consumption in the majority of major nations. Installation of pipelines for the distribution and transportation of oil and gas products spans many different regions and hundreds of kilometers. Such vast networks of pipelines have increased demand for pipeline monitoring systems. Pipeline companies use sophisticated sensors and monitoring equipment to find leaks in pipeline systems. Companies are concentrating on implementing physical security solutions like aerial and ground monitoring and video surveillance to safeguard pipelines from terrorist attacks and sabotage. Growing pipeline infrastructure will provide a profitable market for monitoring system vendors over the forecasted period.
- Increased Demand for the Metallic Pipelines
The pipeline monitoring system market is largely propelling due to increased demand for metallic pipelines. Metallic pipes further include ductile iron pipes, stainless steel pipes, aluminum pipes, and other varieties such cast-iron pipes, corrugated pipes, and copper pipes. The iron-based pipes can corrode when exposed to highly oxygenated water steam; as a result, end-user industries prefer steel-based pipes. Metallic pipes are more heat-sensitive and less resistant to corrosion than non-metallic pipes. As a result, these beneficial features further boost the overall market’s demand over the forecasted period.
Furthermore, the continuous growth of oil and gas exploration and production activities will further propel the growth rate of pipeline monitoring system market. Additionally, the significant pipeline infrastructure increase will drive market value growth. The significant investments in research and development (R&D) activities are projected to bolster the growth of the market.
Opportunities
- Amplified Investments as well as Spending On Network Monitoring
Oil and gas operators all over the world have increased their spending on infrastructure and network monitoring and are increasing their investment in network monitoring as a result of the increased terrorist threats and cyberattacks on systems. This factor further extends profitable opportunities to the market players in the forecast period of 2022 to 2029. Modern pipeline facilities make extensive use of information and communication technologies such as Supervisory Control and Data Acquisition (SCADA), Intelligent Video Surveillance (IVS), Human Machine Interface (HMI) and Programmable Logic Controller (PLCs). When using these technologies, oil and gas businesses can oversee and run their operations remotely due to the creation of a digital pipeline infrastructure.
- Introduction of Advanced Solutions
Additionally, the introduction of the technologically advanced solutions will further expand the future growth of the pipeline monitoring system market. To simplify the work of O&G behemoths in lead detection, a number of leaders have been providing technologically cutting-edge solutions. For instance, Hifi HDS just unveiled a brand-new application for pipeline pig management. In addition, the business provides additional commercial applications with added value in addition to proactive pipeline leak detection.
Restraints/Challenges
- Lack of concerns About Monitoring System Implementation By Operators
The pipeline companies have been reluctant to use cyber and network security solutions for a long time due to a lack of knowledge and exposure. Additionally, the network security solutions provided by IT organizations were largely compartmentalized and lacked depth. As a result, choosing a particular pipeline network monitoring technology is challenging for pipeline operators. Additionally, IT security companies struggle to persuade operators of the importance of physical and network monitoring systems. A significant barrier for monitoring solution providers in the oil and gas sector is operators' lack of knowledge and anxiety about the implementation of monitoring systems.
- Dearth of Funds
The lack of funding prevents the development of ageing infrastructure, leading to poor metering, leaks, and poor management of essential pipeline infrastructures like pipelines, valves, and hydrants. This factor further challenges the pipeline monitoring system market growth rate. Ageing has become a problem for several industries, including water, oil, gas, and chemicals pipelines. The primary cause of the lack of funding for the pipeline monitoring system is the unwillingness of federal agencies to support research and development. Many small and medium-sized utilities are unwilling to pay these solutions' hefty starting costs. Additionally, the infrastructure for pipelines develops slowly. Infrastructure parts like pipeline pipes, valves, and meters last for decades after installation. As the older solutions are expensive and durable, utilities are reluctant to upgrade pipeline systems.
This pipeline monitoring system market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the pipeline monitoring system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Pipeline Monitoring System Market
The novel coronavirus has rapidly spread throughout many nations and regions, profoundly affecting both individual lives and the community as a whole. It started off as a human health issue and is now a serious threat to international trade, the economy, and the financial system. The coronavirus had a negative impact on the pipeline monitoring system market as due to the lockdown brought on by the COVID-19 pandemic, several items in the pipeline monitoring systems industry are no longer being produced.
However, with the decline of COVID-19 patients and loosening restrictions, pipeline monitoring systems are anticipated to recover. As a result, pipeline monitoring system businesses are now operating at full capacity. By the beginning of 2022, the market will recover as a result. Equipment and machinery manufacturers must concentrate on safeguarding their personnel, operations, and supply networks in order to deal with urgent problems and implement new working procedures once COVID-19 infection cases start to diminish.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In September 2021, A $5.0 million contract was given to Perma-Pipe Egypt by Consolidated Contractors Company and Gascool Company. Perma-Pipe Egypt would provide district cooling networks with field joints, leak monitoring systems, and thermal insulation systems under this contract. Additionally, a contract would enable suppliers to work on initiatives that would be better able to meet Egyptian consumers' desires.
- In June 2021, ABB and EuRoPol GAZ S.A., the owner of the Polish section of the Yamal-Europe gas pipeline, signed a service agreement. EuRoPol GAZ S.A. would strengthen reliability and heighten security levels under the terms of this collaboration for all five gas compressor stations located in the Polish portion of the gas pipeline.
- In November 2021, ProFlex Technologies, a company that offers pipeline operators spontaneous leak detection services, and Siemens Energy have partnered. ProFlex Technologies' digital Pipe-Safe leading leak detection technology, created to help gas, oil, and petrochemical employees reduce inadvertent product leaks and minimise ecosystem reach, would be made available to Siemens Energy under the terms of this deal.
Global Pipeline Monitoring System Market Scope
The pipeline monitoring system market is segmented on the basis of pipe type, technology, end-use industry and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
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
End-Use Industry
- Crude and Refined Petroleum
- Oil, Natural Gas
- Biofuel
- Water and Wastewater
- Others
- Beverages
- Drugs and Specimen
Pipeline Monitoring System Market Regional Analysis/Insights
The pipeline monitoring system market is analyzed and market size insights and trends are provided by country, pipe type, technology, end-use industry and application 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, Israel, Egypt, South Africa, 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.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the increasing number of oil exploration activities within the region.
Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the rising number of pipelines in the region. The existence of emerging nations like India, where numerous pipelines are being constructed down for the purpose of oil, gas, and water transmission between the nations, is what causes the Asia-Pacific region to grow at the highest CAGR.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Pipeline Monitoring System Market Share Analysis
The pipeline monitoring system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to pipeline monitoring system market.
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)
- Inductive Automation (U.S.)
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