세계 파이프라인 모니터링 시스템 시장 : 파이프 유형별, 기술별, 용도별, 최종 사용자별, 지역별, 예측(-2030년)

According to Stratistics MRC, the Global Pipeline Monitoring System Market is accounted for $17.5 billion in 2023 and is expected to reach $33.6 billion by 2030 growing at a CAGR of 9.0% during the forecast period. A pipeline monitoring system is a comprehensive software and hardware solution designed to oversee and manage the operations of a network of pipelines. It employs advanced technologies such as sensors, data analytics, and real-time monitoring to ensure the efficient and secure transportation of fluids or gases. The system continuously tracks parameters such as pressure, temperature, and flow rates, detecting anomalies or potential issues that could impact pipeline integrity.

According to IEA, China had headed with an investment worth USD 50 billion in the year 2019 for the growth of the LNG market were pipeline monitoring would help to optimize the efficiency of transportation.

Market Dynamics:

Driver:

Aging pipeline infrastructure

Solving the problem of aging pipeline infrastructure is important as it underscores the critical need for advanced monitoring solutions to address the challenges posed by deteriorating pipelines. With many pipelines globally reaching the end of their operational life, the risk of leaks, corrosion, and other structural issues are increasing constantly. Pipeline monitoring systems play a crucial role in detecting and preventing potential failures, ensuring the integrity and safety of the aging infrastructure. This demand is propelling the growth of the market as industries prioritize the adoption of advanced monitoring technologies to safeguard their pipelines and mitigate environmental and safety risks.

Restraint:

Limited infrastructure

Limited infrastructure in remote areas leads to many problems in operating pipelines. These regions often lack the necessary connectivity, power supply, and accessibility required for the seamless deployment and operation of monitoring systems. The absence of reliable infrastructure hampers real-time data transmission, power provisioning for monitoring devices, and timely maintenance. Consequently, implementing an effective pipeline monitoring system becomes challenging, hindering the ability to detect and address issues promptly.

Opportunity:

Remote monitoring and automation

The remote monitoring and automation is the opportunity in the market which is a crucial aspect that leverages advanced technologies to enhance operational efficiency and safety. By implementing remote monitoring, operators can continuously track pipeline conditions in real-time, detecting anomalies and potential issues promptly. Automation capabilities enable swift responses to incidents, reducing downtime and minimizing the risk of environmental damage. With the growing demand for secure and efficient energy transportation, this segment presents a significant opportunity for pipeline operators to enhance performance and meet evolving industry standards.

Threat:

Economic factors

Economic downturns may lead to reduced investments in infrastructure projects, impacting the demand for pipeline monitoring systems. Fluctuations in currency exchange rates can affect the cost of imported components and the technology used in these systems, potentially increasing overall production costs. Additionally, budget constraints within industries, such as oil and gas, may lead to delayed or scaled-down deployment of pipeline monitoring solutions, limiting market growth. In essence, economic uncertainties can hinder both the initial adoption and ongoing maintenance of these systems, presenting a significant challenge to the pipeline monitoring market.

Covid-19 Impact:

Disruptions in global supply chains, restrictions on workforce mobility, and delayed infrastructure projects have slowed down the adoption of monitoring systems for pipelines. However, the pandemic has also underscored the importance of resilient and efficient infrastructure, leading to increased awareness and investments in pipeline monitoring solutions. As the industry recovers, the market is expected to witness resurgence with a growing emphasis on advanced technologies to enhance the safety, reliability, and efficiency of pipeline operations. The pandemic has served as a catalyst for innovation and digital transformation in the pipeline monitoring sector.

The pipeline inspection gauge segment is expected to be the largest during the forecast period

The Pipeline Inspection Gauge (PIG) segment is experiencing significant growth in the market due to its pivotal role in ensuring the integrity and efficiency of pipelines. PIGs are advanced devices designed for inspecting and maintaining pipelines by traveling through them and detecting issues such as corrosion, cracks, and blockages. The increased focus on pipeline safety, environmental regulations, and the need for efficient maintenance practices are driving the adoption of PIGs. Additionally, advancements in technology, such as the integration of sensors and real-time data analytics in PIGs, further enhance their capabilities, fostering their demand in the pipeline industry.

The water & wastewater management segment is expected to have the highest CAGR during the forecast period

The Water & Wastewater Management segment is experiencing robust growth in the market due to increasing awareness of environmental concerns and the need for efficient water resource management. Governments and regulatory bodies are increasingly emphasizing the importance of monitoring and maintaining water and wastewater pipelines to prevent leaks and contamination and ensure overall system integrity. Additionally, the implementation of advanced sensor technologies and real-time monitoring solutions in water and wastewater infrastructure has become crucial for preventing environmental hazards and optimizing operational efficiency.

Region with largest share:

The North American region has experienced significant growth in the market, driven by the increasing demand for efficient and secure energy transportation infrastructure. Factors such as the expansion of oil and gas exploration activities, rising concerns about pipeline safety, and regulatory initiatives promoting the adoption of advanced monitoring technologies have fueled this growth. Additionally, the region's robust investment in pipeline infrastructure upgrades, coupled with a focus on environmental sustainability, has further propelled the adoption of advanced monitoring systems.

Region with highest CAGR:

The Asia Pacific region has witnessed substantial growth in the market, driven by a surge in oil and gas infrastructure development, increasing demand for energy, and stringent regulations for pipeline safety. Countries like China and India are investing heavily in pipeline networks to meet rising energy needs, fostering the adoption of advanced monitoring technologies. Additionally, the region's focus on smart infrastructure and the incorporation of innovative technologies further contribute to the robust expansion of the market.

Key players in the market

Some of the key players in Pipeline Monitoring System market include ABB, Atmos International, AVEVA Group, Badger Meter , BAE Systems , Bentek Systems, Emerson, General Electric, HollySys Group, Honeywell International , Inductive Automation, Orbcommm INC., Perma-Pipe, Schneider Electric, Siemens, TransCanada PipeLines Limited and Yokogawa Electric Corporation.

Key Developments:

In December 2023, BAE Systems has received $35 million in initial funding from The U.S. Department of Commerce to modernize the Microelectronics Center (MEC) in Nashua, New Hampshire. This is the first funding announcement as part of the CHIPS and Science Act, which was designed to strengthen American manufacturing, supply chains, and national security. Modernizing BAE Systems' microelectronics center helps support this vision and the continued development and manufacturing of cutting-edge technology to serve customers' missions.

In October 2023, AVEVA, a global leader in industrial software, driving digital transformation and sustainability, has signed two contracts with Kent, the leading engineering company in oil and gas and low-carbon energy. As part of a system integrator agreement, Kent will be enabled to implement life cycle digital solutions to industrial customers. The second contract is an enterprise agreement for engineering, procurement and construction (EPC) for Kent digital projects delivery.

Pipe Types Covered:

• Metallic
• Non-Metallic
• Other Pipe Types

Technologies Covered:

• Light Detection and Ranging
• Fiber Optic Technology
• Magnetic Flux Leakage
• Ultrasonic
• Smart Ball
• Pipeline Inspection Gauge
• Vapor Sensing
• Other Technologies

Applications Covered:

• Leak Detection
• Operating Condition
• Pipeline Break Detection
• Other Applications

End Users Covered:

• Water & Wastewater Management
• Crude & Refined Petroleum
• Hospitals
• Residential
• Commercial
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Technology Analysis
• 3.7 Application Analysis
• 3.8 End User Analysis
• 3.9 Emerging Markets
• 3.10 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Pipeline Monitoring System Market, By Pipe Type

• 5.1 Introduction
• 5.2 Metallic
• 5.3 Non-Metallic
• 5.4 Other Pipe Types

6 Global Pipeline Monitoring System Market, By Technology

• 6.1 Introduction
• 6.2 Light Detection and Ranging
• 6.3 Fiber Optic Technology
• 6.4 Magnetic Flux Leakage
• 6.5 Ultrasonic
• 6.6 Smart Ball
• 6.7 Pipeline Inspection Gauge
• 6.8 Vapor Sensing
• 6.9 Other Technologies

7 Global Pipeline Monitoring System Market, By Application

• 7.1 Introduction
• 7.2 Leak Detection
• 7.3 Operating Condition
• 7.4 Pipeline Break Detection
• 7.5 Other Applications

8 Global Pipeline Monitoring System Market, By End User

• 8.1 Introduction
• 8.2 Water & Wastewater Management
• 8.3 Crude & Refined Petroleum
• 8.4 Hospitals
• 8.5 Residential
• 8.6 Commercial
• 8.7 Other End Users

9 Global Pipeline Monitoring System Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 ABB
• 11.2 Atmos International
• 11.3 AVEVA Group
• 11.4 Badger Meter
• 11.5 BAE Systems
• 11.6 Bentek Systems
• 11.7 Emerson
• 11.8 General Electric
• 11.9 HollySys Group
• 11.10 Honeywell International
• 11.11 Inductive Automation
• 11.12 Orbcommm INC.
• 11.13 Perma-Pipe
• 11.14 Schneider Electric
• 11.15 Siemens
• 11.16 TransCanada PipeLines Limited
• 11.17 Yokogawa Electric Corporation