The global pipeline integrity market size is projected to reach USD 2.14 Billion by 2024 from an estimated USD 1.80 billion at a 4.34% CAGR from 2019–2024. Pipeline integrity is a method to ensure the safety and reliance in pipelines and its components.
Pipeline integrity ensures the proper functioning of pipeline and its auxiliary components. Additionally, it also makes sure that pipelines are designed, built, and operated in a safe, sustainable, and reliable way. During the pipeline integrity process, pipelines are properly examined to detect and verify pipeline defects at any stage. The integrity of pipeline examination comprises the stages of in-line inspection, pressure-test verification, pressure-test verification, material verification, and direct assessment.
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The key players operating in the global pipeline integrity market are Rosen (Switzerland), Baker Hughes, A GE Company (US), T.D. Williamson (US), Applus (Spain), Altus Intervention (Sweden), Enermech (UK), Intertek (UK), IKM Gruppen (Norway), Lin Scan (UAE), Quest Integrity Group (US), Dacon Inspection Technologies (Thailand), Schneider Electric (France), and Emerson (US).
The global pipeline integrity market has been segmented based on service, application, product, and region.
Global Pipeline Integrity Market, By Service
- Testing Services
- Inspection Services
- Monitoring Services
- Software Services
Global Pipeline Integrity Market, By Application
Global Pipeline Integrity Market, By Product
- Refined Products
Global Pipeline Integrity Market, By Regions
- North America
- Middle East & Africa
- South America
On the basis of region, the global pipeline integrity market has been segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America.
North America holds the largest share in the pipeline integrity market due to increased upstream spending, which would boost the pipeline integrity demand in countries such as the US, Canada, and Mexico.
Moreover, increasing development and adoption of unconventional oil and gas production and transportation techniques create growth opportunities for the global pipeline integrity market. For instance, in June 2019, the US Department of Energy invested around USD 30 million in advanced technologies for the discovering and processing unconventional oil & gas resources. All these factors will boost the demand for pipeline integrity market in the region.
Scope of the Report
This report provides an in-depth analysis of the global pipeline integrity market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size and share for North America, Asia-Pacific, Europe, the Middle East & Africa, and South America. The report also presents a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global pipeline integrity market by service, application, product, and region.
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Table Of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Size Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
4 Market Insights
List of Tables
Table 1 Europe Pipeline Integrity Market, By Product, 2017–2024 (USD Million)
Table 2 Asia-Pacific Pipeline Integrity Market, By Product, 2017–2024 (USD Million)
Table 3 Middle East & Africa Pipeline Integrity Market, By Product, 2017–2024 (USD Million)
Table 4 South America Pipeline Integrity Market, By Product, 2017–2024 (USD Million)
Table 5 Global Pipeline Integrity Market: By Region, 2017–2024 (USD Million)
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