Pipeline Monitoring System Market Highlights:-
The pipeline monitoring system market is expected to be driven by the huge investments in the research and development of the pipeline monitoring system technology by the oil and gas industries. The increase in use of electronics and the sensors which will facilitate the monitoring and control of the operating conditions, thereby reducing the damage from internal factors such as nozzle stress and corrosion are further expected to contribute to the growth of the market. The pipeline monitoring systems also provide numerous advantages such as good longevity, cost effectiveness, enhanced reliability, and ease in maintenance.
The Pipeline Monitoring System Market is expected to witness significant growth as a result of increased number of oil & gas leakages in production, pipelines, and storage tanks due to natural disasters and high pressure along with stringent government regulations for pipeline safety and security and expansion and upgradation of pipelines. The rise in concerns about pipeline security has led to increased expenditure for reliable monitoring networks by oil & gas companies. Furthermore, enhanced adoption of pipelines on a global level is expected to result in increased market size.
Global Pipeline Monitoring System Market – Segments
Global Pipeline Monitoring System Market is segmented in to 4 Key dynamics for an easy grasp and enhanced understanding.
Segmentation By Type : Comprises – Metallic, Non-metallic, Concrete pipes, Asbestos cement pipes
Segmentation By Technology : Comprises – Ultrasonic testing, Smart ball, Magnetic flux leakage technology and others
Segmentation By Application : Comprises – Operating Efficiency, Leak Detection, Pipeline Break Detection
Segmentation By Regions : Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
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Top key players:-
The key players of global Pipeline Monitoring System market report include- ABB (Switzerland), Emerson (U.S.), Honeywell International (U.S.), Schneider Electric (France), Siemens AG (India), Badger Meter (U.S.), Bentek Systems Ltd. (Canada), General Electric (U.S.), HollySys Automation Technologies (China) and Inductive Automation (U.S.) among others.
Major Points From TOC:-
1 Executive Summary
2 Research Methodology
3 Market Dynamics
4 Global Pipeline Monitoring System Market, By Type
5 Global Pipeline Monitoring System Market, By Technology
5.1 Asbestos Cement Pipes
5.2 Smart Ball
5.3 Magnetic Flux Leakage Technology
Scope of the Report:-
This study provides an overview of the global Pipeline Monitoring System market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Pipeline Monitoring System market by its type, technology, application and region
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Asia pacific will be the largest market:-
North America is expected to exhibit the highest growth in the global pipeline monitoring system market during the forecast period owing to factors such as the increase in demand of oil & gas, technological advancements and enhancements in infrastructure of the pipelines laid. Vast chemical industries and oil fields are existing in the regions of North America and Europe, which lead to an increase in requirement of pipelines and their tracking systems. Asia Pacific is expected to grow significantly owing to the increase in use of monitoring systems and heavy fuel consumption for petrochemical industries in emerging economies.
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