According to a new market report published by Lucintel, the future of the pipeline monitoring system market looks promising with opportunities in the water and wastewater and crude and refined petroleum industries. The pipeline monitoring system market is expected to grow with a CAGR of 7% from 2019 to 2024. The major growth drivers for this market are the need for increase in pipeline infrastructure, secure transportation of resources, increase in incidence of oil and gas leakage, rising oil and gas demand in developing economies, and increased government regulations for safety and monitoring.
In this market, metallic and non-metallic are the major pipe types. Metallic pipe segment is expected to witness the highest growth rate over the forecast period due to its high pressure carrying strength, for any material transporting through metallic pipelines.
Within the pipeline monitoring system market, PIGs, smart ball, ultrasonic, and magnetic flux leakage technology are the major technologies. Small ball technology is the fastest-growing segment over the forecast period.
North America will remain the largest region over the forecast period due to continuous increase in oil and gas exploration, and production activities and many new pipelines are under construction in this region.
Atmos, Clampon, ABB Group, Future Fibre Technologies, Senstar, Syrinix, Radiobarrier, TTK (France), Krohne Group, and Thales Group are among the major manufacturers of pipeline monitoring systems.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the pipeline monitoring system market by pipe type, technology, application, end use industry, and region. Lucintel has prepared a comprehensive research report titled "Pipeline Monitoring System market 2019-2024: Trends, Forecast, and Opportunity Analysis" .The Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the pipeline monitoring system market by pipe type, technology, application, end use industry, and region as follows:
By Pipe Type [$M shipment analysis for 2013 – 2024]:
• Metallic
• Non-Metallic
• Others
By Technology [$M shipment analysis for 2013 – 2024]:
• PIGs
• Smart Ball
• Ultrasonic
• Magnetic Flux Leakage Technology
• Others
By Application [$M shipment analysis for 2013 – 2024]:
• Leak Detection
• Operating condition
• Pipeline break detection
• Others
By End-Use Industry [$M shipment analysis for 2013 – 2024]:
• Crude and Refined Petroleum
• Water and Wastewater
• Others
By Region [$M shipment analysis for 2013 – 2024]:
• North America
• United States
• Canada
• Mexico
• Europe
• UK
• Germany
• Italy
• Asia Pacific
• China
• Japan
• India
• Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this ……[email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report addresses the following key questions:
Q.1. What are some of the most promising potential, high-growth opportunities for the pipeline monitoring system market by pipe type (metallic, non-metallic, and others), technology (PIGs, smart ball, ultrasonic, magnetic flux leakage technology, and others (beta foil technology, leo technology)), application (leak detection, operating condition, pipeline break detection, and others (liquid/material identification)), end-use industry (crude & refined petroleum, water & waste water, and others (beverages, drugs & specimen, currency)), and region (North America, Europe, Asia-Pacific, and ROW)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which regions will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers and challenges of the pipeline monitoring system market?
Q.5. What are the business risks and threats to the pipeline monitoring system market?
Q.6. What are emerging trends in this pipeline monitoring system market and the reasons behind them?
Q.7. What are some changing demands of customers in the pipeline monitoring system market?
Q.8. What are the new developments in the pipeline monitoring system market? Which companies are leading these developments?
Q.9. Who are the major players in this pipeline monitoring system market? What strategic initiatives are being implemented by key players for business growth?
Q.10. What are some of the competitive products and processes in this pipeline monitoring systems area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11. What M & A activities have taken place in the last 5 years in pipeline monitoring system market?