Global Pipeline Monitoring System Market By Technology (Ultrasonic, Smart Ball, and Other Technologies), By Pipe Type (Metallic and Non-Metallic), By Application, By End-Use Industry, By Region and Companies – Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032
- Published date: Sep 2023
- Report ID: 25961
- Number of Pages: 376
- Format:
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Report Overview
The Global Pipeline Monitoring Systems Market size is expected to be worth around USD 31.10 Billion by 2032 from USD 15.1 Billion in 2022, growing at a CAGR of 7.70% during the forecast period from 2023 to 2032.
Pipeline monitoring and safety has become an important part of sectors like energy, petroleum, oil & gas, and many such sectors.
This high importance of the pipeline monitoring system among these sectors is due to the benefits of these pipeline monitoring systems to prevent pipeline leakage and breaking of the pipeline. The breaking of a pipeline or leakage in the pipe can cause severe effects like adverse impacts on the environment. If the pipeline carrying liquid or gas is flammable, then its leakage can also catch fire. To avoid such incidents from happening, the pipeline monitoring system has huge importance among industries.
Sometimes the liquid or gas in the pipeline is very reactive, and it can develop high pressure on the pipes. This can result in unwanted incidents like pipe leakage and pipe breakage. These incidents directly affect the prices of oil and gas across the world. Pipe leakage or pipe breakage can result in the loss of huge amounts of oil and gas. This results in high prices of oil and gas in the global market. Due to this, many companies are adopting the pipeline monitoring system to avoid such incidents.
Driving Factors
High Energy Demand and Rising Oil and Gas Prices Have Forced the Companies to Adopt the Pipeline Monitoring System.
With rising energy demand across the world, the oil and gas reserves have been depleting drastically over the last few years. The companies are adopting the pipeline monitoring system in their operations to meet this high market demand. It helps companies monitor oil and gas transportation efficiently and keep track of it. This is driving the growth of the pipeline monitoring system market.
Also, the Increased terrorist attacks on the oil and gas carrying pipelines in the last few years have forced the companies to adopt the pipeline monitoring system. Terrorists are rising threats to the oil and gas industry as they steal gas and oil from the pipeline. To avoid such incidents, the companies are adopting the pipeline monitoring system. The rising prices from the last few years have forced companies to develop the best technologies to track and monitor oil and gas transportation through pipes. These key factors are driving the growth of the pipeline monitoring systems market.
Restraining Factors
Lack of Skilled Personnel and Funding are Restricting the Growth of the Pipeline Monitoring System.
The pipeline monitoring systems require skilled and trained employees for their operations. However, a lack of proper understanding and exposure to the pipeline monitoring system is restricting companies from adopting the pipeline monitoring systems. This is restraining the growth of pipeline monitoring systems in the market.
Also, the lack of funding for the pipeline monitoring system from the oil and gas industry is hindering the growth of the pipeline monitoring systems market. The federal authorities’ unwillingness to develop an advanced pipeline monitoring system is also obstructing companies from adopting advanced technologies like pipeline monitoring systems in their companies.
Growth Opportunities
Increased Pipeline Network Infrastructure Across the World to Create Many Lucrative Opportunities
The pipeline infrastructure has increased significantly in the last few years. The rising energy demand across the world has forced companies to develop the oil and gas transporting pipeline network across the world. The companies have installed thousands of miles of pipeline network to distribute and transport oil and gas between the countries. This increased pipeline network demands a proper pipeline monitoring system to avoid pipeline breakage, pipeline leakage, or the stealing of oil and gas. Therefore, with the increasing pipeline network infrastructure, is anticipated to create many lucrative opportunities in the market for companies to develop efficient pipeline monitoring systems.
Latest Trends
Integration of Advanced Technology in the Pipeline Monitoring System is Attracting the Companies for Adoption.
The ongoing trend of integrating advanced technologies like human-machine interface, distributed vibration sensing, distributed vibration sensing, and programmable logic controllers in pipeline monitoring has positively affected the pipeline monitoring systems market growth of pipeline monitoring systems. Many companies offer advanced features in the pipeline monitoring system that can efficiently function and provide accurate monitoring data to the user. This is attracting more companies to adopt the pipeline monitoring system in their companies to avoid unwanted incidents and monitor the flow through the pipe.
By Technology Analysis
Ultrasonic monitoring System Dominates the Technology Segment of the Global Pipeline Monitoring System Market.
The pipeline monitoring systems market is classified on the basis of technology into ultrasonic, LiDAR, smart ball, PIG, magnetic flux leakage technology, and other technologies. Out of these technologies, ultrasonic leads the global pipeline monitoring system market by accounting for a major revenue share of 23.8%. The exponential growth of the ultrasonic in the technology segment is due to the ability of ultrasonic monitoring technology to detect the location of the leak in the pipeline or the flaw in the pipeline with the help of noise patterns and high-frequency sound waves.
It uses different sensors to differentiate between leak sound from the normal flow. This helps the companies to detect the leak or flaw and repair it before further loss. This promotes the adoption of the ultrasonic monitoring system in the technology segment of the global pipeline monitoring systems market.
Also, the LiDAR is expected to grow at a high CAGR of 8.6% over the forecast period. LiDAR is an optical technology that uses pulsed lasers from the transmitter. The system receiver receives the reflected light and develops the distance map. It helps the pipeline monitoring system by avoiding incidents of leakage, corrosion, and contamination in the pipeline, helping in the increasing demand for LiDAR and, eventually, the market growth.
By Pipe Type Analysis
The Metallic Pipes Segment Dominates the Non-Metallic Pipes Segment
Based on pipe type, the pipeline monitoring system is divided into metallic and non-metallic. Among these pipe types, the metallic dominates the pipe type segment of the pipeline monitoring systems market by covering the major revenue share of 74.4%. This exceptional growth of metallic pipes is due to the wide use of these pipes in oil and gas, power plants, and many such industries for transportation and distribution.
The use of metallic pipes like carbon steel, alloy, stainless, and duplex steel pipes offers high strength, great corrosion resistance, and weldability. The metallic pipes can be used underground as well as underwater due to their capability of handling high pressure. All these key factors are driving the growth of the metallic in the pipe-type segment of the global pipeline monitoring system.
By Application Analysis
Leak Detection Is Mostly Identified and Fixed with the Help of a Pipeline Monitoring System
The global pipeline monitoring systems market is classified on the basis of application into operating conditions, leak detection, pipe leakage detection, and other applications. From these applications, leak detection leads the application segment by accounting for the major revenue share of 42.6%. Leak detection is the most used application of the pipeline monitoring system. The system detects the location of the pipe leak and alerts the operator of the pipe leak to avoid the spillage of oil and gases. This is driving the growth of leak detection in the application segment of the global pipeline monitoring system market.
By End-Use Industry Analysis
The Oil and Gas Segment Leads by Covering a Massive Share of the Market
The pipeline monitoring system is classified into water and wastewater, oil and gas, and other end-use industries. Among these industries, oil and gas lead with the highest share of 66.8%. This exponential growth of the oil and gas industry is attributed to the increased adoption of the pipeline monitoring system in the oil and gas industry for monitoring the transportation and distribution of oil and gases. The increasing losses to the oil and gas industry companies due to leakage, breaking of pipelines, and stealing of oil from terrorists have forced the companies to adopt the pipeline monitoring system market.
Market Key Segments:
By Technology
- Ultrasonic
- LIDAR
- Smart Ball
- PIG
- Magnetic Flux Leakage Technology
- Other Technologies
By Pipe Type
- Metallic
- Non-Metallic
By Application
- Operating Condition
- Pipe Leakage Detection
- Leak Detection
- Other Applications
By End-Use Industry
- Water and Wastewater
- Oil and Gas
- Other End-Use Industries
COVID-19 Impact Analysis:
COVID-19 Impacted Negatively on the Pipeline Monitoring System Market.
During the COVID-19 pandemic, the governments of many countries have imposed various rules and regulations to restrict the spread of the virus. This halted the manufacturing and transporting facilities across the world. As a result of this, the pipeline monitoring system also got setback during the pandemic. The pandemic delayed the pipeline infrastructure projects due to the unavailability of the workforce. This resulted in low demand for pipeline monitoring systems throughout the pandemic. Therefore, the COVID-19 pandemic has negatively impacted the pipeline monitoring system market.
Regional Analysis:
North America Leads the Pipeline Monitoring System Market with a Major Share in Account
North America dominates the global pipeline monitoring systems market by accounting for a major revenue share of 32.8%. The availability of advanced infrastructure in North America is driving the growth of the pipeline monitoring system market within the region.
The increasing oil and gas pipeline networks across countries like the United States, Mexico, and Canada have been driving the growth of North America’s pipeline monitoring system market. With the increasing pipeline network across the region, oil leaks, gas leaks, and pipeline breakage incidents have also risen. Therefore, to prevent these incidents, the companies are adopting the pipeline monitoring system in their companies.
After North America, the Asia Pacific region is expected to grow at a CAGR of 7.6%. The presence of many companies offering the pipeline monitoring system is driving the growth of the Asia Pacific region.
Key Regions and Countries:
- North America
- The US
- Canada
- Mexico
- Western Europe
- Germany
- France
- The UK
- Spain
- Italy
- Portugal
- Ireland
- Austria
- Switzerland
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- The Czech Republic
- Greece
- Rest of Eastern Europe
- APAC
- China
- Japan
- South Korea
- India
- Australia & New Zealand
- Indonesia
- Malaysia
- Philippines
- Singapore
- Thailand
- Vietnam
- Rest of APAC
- Latin America
- Brazil
- Colombia
- Chile
- Argentina
- Costa Rica
- Rest of Latin America
- Middle East & Africa
- Algeria
- Egypt
- Israel
- Kuwait
- Nigeria
- Saudi Arabia
- South Africa
- Turkey
- United Arab Emirates
- Rest of MEA
The pipeline monitoring system market is fragmented into many companies. Key players in the market are investing in research and development for the integration of advanced technologies in the pipeline monitoring system. The companies are adopting various strategies like collaboration, partnership, acquisition, and mergers to expand their market share across regions and strengthen their position in the market.
Some of the key players in the market are ABB Ltd., Honeywell International Inc., Emerson Electric Co., Huawei Investment and Holding Co. Ltd., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Generic Electric Co., ORBCOMM Inc., QinetiQ Group Plc, Xylem Inc., etc.
Market Key Players:
- ABB Ltd.
- Honeywell International Inc.
- Emerson Electric Co.
- Huawei Investment and Holding Co. Ltd.
- Rockwell Automation Inc.
- Schneider Electric SE
- Siemens AG
- Generic Electric Co.
- ORBCOMM Inc.
- QinetiQ Group Plc
- Xylem Inc.
- Other Key Players
Recent Developments:
- In June 2021, EuRoPol GAZ S.A. collaborated with ABB to strengthen the reliability and upgrade the security levels for all five gas compressor stations of the EuRoPol GAZ S.A. located in the Polish region of the gas pipeline.
- In November 2021, ProFlex Technologies and Siemens AG partnered. In this partnership, ProFlex Technologies is providing the digital Pipe-Safe leading leak detection technology to Siemens AG, which provides help to the employees monitoring the gas, oil, and petrochemicals and preventing the leaks.
Report Scope:
Report Features Description Market Value (2022) USD 15.1 Bn Forecast Revenue (2032) USD 31.1 Bn CAGR (2023-2032) 7.7% Base Year for Estimation 2022 Historic Period 2016-2022 Forecast Period 2023-2032 Report Coverage Revenue Forecast, Market Dynamics, COVID-19 Impact, Competitive Landscape, Recent Developments Segments Covered By Technology – Ultrasonic, Smart Ball, PIG, LiDAR, Magnetic Flux Leakage Technology, and Other Technologies; By Pipe Type – Metallic and Non-Metallic; By Application – Operating Condition, Leak Detection, Pipe Leakage Detection. and Other Applications; By End-Use Industry – Water and Wastewater, Oil & Gas, and Other End-Uses Industries. Regional Analysis North America – The US, Canada, & Mexico; Western Europe – Germany, France, The UK, Spain, Italy, Portugal, Ireland, Austria, Switzerland, Benelux, Nordic, and rest of Western Europe; Eastern Europe – Russia, Poland, The Czech Republic, Greece, & Rest of Eastern Europe; APAC – China, Japan, South Korea, India, Australia & New Zealand, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, & Rest of APAC; Latin America – Brazil, Colombia, Chile, Argentina, Costa Rica, & Rest of Latin America; the Middle East & Africa – Algeria, Egypt, Israel, Kuwait, Nigeria, Saudi Arabia, South Africa, Turkey, United Arab Emirates, & Rest of MEA Competitive Landscape ABB Ltd., Honeywell International Inc., Emerson Electric Co., Huawei Investment and Holding Co. Ltd., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Generic Electric Co., ORBCOMM Inc., QinetiQ Group Plc, Xylem Inc., and other key players. Customization Scope Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements. Purchase Options We have three licenses to opt for: Single User License, Multi-User License (Up to 5 Users), Corporate Use License (Unlimited User and Printable PDF) Frequently Asked Questions (FAQ)
What will be the market size for Pipeline Monitoring System Market in 2032?In 2032, the Pipeline Monitoring System Market will reach USD 31.1 billion.
What CAGR is projected for the Pipeline Monitoring System Market?The Pipeline Monitoring System Market is expected to grow at 7.7% CAGR (2023-2032).
List the segments encompassed in this report on the Pipeline Monitoring System Market?Market.US has segmented the Pipeline Monitoring System Market Market by geographic (North America, Europe, APAC, South America, and MEA). By Technology, market has been segmented into Ultrasonic, LIDAR, Smart Ball, PIG, Magnetic Flux Leakage Technology and Other Technologies. By Pipe Type, the market has been further divided into Metallic and Non-Metallic.
Which segment dominate the Pipeline Monitoring System industry?With respect to the Pipeline Monitoring System industry, vendors can expect to leverage greater prospective business opportunities through the Metallic Pipes segment, as this dominate this industry.
Name the major industry players in the Pipeline Monitoring System Market.ABB Ltd., Honeywell International Inc., Emerson Electric Co., Huawei Investment and Holding Co. Ltd., Rockwell Automation Inc. and Other Key Players are the main vendors in this market.
Pipeline Monitoring Systems MarketPublished date: Sep 2023add_shopping_cartBuy Now get_appDownload Sample - ABB Ltd.
- Honeywell International Inc.
- Emerson Electric Co. Company Profile
- Huawei Investment and Holding Co. Ltd.
- Rockwell Automation Inc.
- Schneider Electric SE. Company Profile
- Siemens AG
- Generic Electric Co.
- ORBCOMM Inc.
- QinetiQ Group Plc
- Xylem Inc.
- Other Key Players
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