Pipeline Monitoring System Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027 Segmented By Type (Metallic, Non-metallic, Others), By Technology (Ultrasonic testing, Smart ball, Magnetic flux leakage technology and Others), By End-User Industry (Crude & Petroleum, Water & Wastewater, Others), By Application (Operating Efficiency, Leak Detection, Pipeline Break Detecti

Global pipeline monitoring system market is expected to grow at a rate of steady CAGR for the forecast period, 2023-2027. The rise in incidences of gas and oil leakage in the pipeline, storage tanks, and production and the growing energy requirements around the globe is driving the demand for the global pipeline monitoring system market. Increasing investments for efficient oil and gas extraction and strict government restrictions to ensure safety and security and the expansion and up-gradation of pipelines significantly contributes to the market growth.

The surge in the discovery of oil and gas fields and the development of required infrastructure is expected to fuel the market demand. Increasing industrialization and globalization around the globe, owing to the high demand for water and wastewater and oil and gas, is boosting the demand for the global pipeline monitoring system market to avoid leakage.

Global pipeline monitoring system market is segmented into type, technology, end-user industry, application, regional distribution, and company. On the basis of regional analysis, North America followed closely Asia-pacific is expected to dominate the market for the next five years, 2023-2027. High-end investments by the government and the rise in the construction of pipelines due to growing population and energy requirements are driving the demand for the global pipeline monitoring system market. Also, the construction of new pipelines boosts the development and increases investments in oil and gas and water and wastewater industries in countries like China, India is impacting the global pipeline monitoring system market demand.

The major players operating in the global pipeline monitoring system market are Orbcomm Inc., Transcanada, Honeywell International Inc, PSI AG, Siemens AG, Huawei Technologies Co. Ltd., Bae Systems Inc., Pure Technologies, C-Fer Technologies, Perma-Pipe Inc., and others. Major companies are developing advanced technologies and launching new services to stay competitive in the market.

Objective of the Study

• To analyze and estimate the market size of global pipeline monitoring system market from 2017 to 2020.
• To estimate and forecast the market size of global pipeline monitoring system from 2021 to 2027 and growth rate until 2027.
• To classify and forecast global pipeline monitoring system based on type, technology, end-user industry, application, regional distribution, and company.
• To identify dominant region or segment in the global pipeline monitoring system market.
• To identify drivers and challenges for global pipeline monitoring system market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global pipeline monitoring system market.
• To identify and analyze the profile of leading players operating in global pipeline monitoring system market.
• To identify key sustainable strategies adopted by market players in global pipeline monitoring system market.

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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of manufacturers across the globe. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufacturers who could not be identified due to the limitations of secondary research. Market insights research analyzed the manufacturers, distribution channels and presence of all major players across the globe.

Market insights research calculated the market size of

Key Target Audience

• Pipeline monitoring system manufacturing companies
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums, and alliances related to pipeline monitoring system market

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.