Pipeline Monitoring System Market worth $6.5 billion by 2024 - PowerPoint PPT Presentation

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Pipeline Monitoring System Market worth $6.5 billion by 2024

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The pipeline monitoring system market is projected to grow from USD 4.6 billion in 2019 to USD 6.5 billion by 2024, at a CAGR of 7.1% from 2019 to 2024. The demand for pipeline monitoring system can be attributed to high growth as a result of the increasing 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. – PowerPoint PPT presentation

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Title: Pipeline Monitoring System Market worth $6.5 billion by 2024


1
  • Pipeline Monitoring System Market worth 6.5
    billion by 2024

https//www.marketsandmarkets.com/Market-Reports/p
ipeline-monitoring-system-market-138709351.html
2
  • Scope of The Report
  • This research report categorizes the pipeline
    monitoring system market based on type,
    technology,end-user industry, solution, and
    region.
  • Leak detection
  • Flow
  • Pressure
  • Temperature
  • Density
  • Operating condition
  • Pipeline break detection
  • Others (Liquid Material Identification)
  • Crude refined petroleum
  • Oil
  • Natural gas
  • Biofuels
  • Water wastewater
  • Others (Beverages, drugs, and specimens)
  • PIGs
  • Smart ball
  • Ultrasonic
  • Magnetic flux leakage technology
  • Fiber optic technology
  • Others ( Beta foil technology and Leo technology)

And More
https//www.marketsandmarkets.com/Market-Reports/p
ipeline-monitoring-system-market-138709351.html
3
Key Segments
The report provides detailed insights into the
global Pipeline Monitoring System market that has
been segmented by Technology, End-use Industry,
Solution, Pipe-Type and region.
1
2
BY type, the metallic pipe segment is projected
to grow at the highest CAGR during the forecast
period.
By solution, the leak detection segment is
projected to lead the pipeline monitoring system
market from 2019 to 2024.
3
By end-user industry, the crude refined
petroleum segment is projected to lead the
pipeline monitoring system market from 2019 to
2024.
4
In terms of both value and volume, the North
America pipeline monitoring system market is
projected to account for the maximum market share
during the forecast period.
5
https//www.marketsandmarkets.com/Market-Reports/p
ipeline-monitoring-system-market-138709351.html
4
  • Market Growth Rate

2024
2019
Market Size of USD 4.6 billion
Market Size of USD 6.5 billion
  • Recent Developments
  • In March 2019, Siemens equipped 29 gas turbines
    with Remote Diagnostic Services for Gail India
    Limited across the Hazira-Vijaipur-Jagdishpur(HVJ)
    pipeline and the Vijaipur C2/C3 plant to provide
    advanced software services for an easy
    manufacturing process.
  • In January 2019, Transcanda started a new project
    named Mountaineer Xpress (MXP), a Columbia Gas
    project, designed to transport supply from the
    Marcellus and Utica shale plays to points along
    the system and to the Leach interconnect with
    Columbia Gulf. Approximately 45 per cent of this
    project was placed in service on January 18,
    2019, with the remainder to be placed in service
    in February and March 2019, along with Gulf
    Xpress, a Columbia Gulf project.
  • In September 2018, Perma-Pipe Saudi Arabia was
    awarded a contract by Italys Saipem S.p.A for a
    thermal insulation system, field joints, and a
    leak detection system for two 55kms, 30 inch
    diameter, low Sulphur fuel oil lines for Kuwait
    Oil Companys (KOC) new refinery project in
    Kuwait. The contract was valued approximately at
    USD 15 Million.

https//www.marketsandmarkets.com/Market-Reports/p
ipeline-monitoring-system-market-138709351.html
5
  • Key Vendors

Vendors
  • Siemens AG (Germany)
  • Honeywell International Inc. (U.S.)
  • BAE Systems (U.K)
  • Perma Pipes(U.S)
  • Transcanada ( Canada)
  • PSI AG (Germany)
  • Pure Technology (Canada)
  • Orbcomm Inc. (U.S.)
  • Huawei (China)
  • And More

View Report Here - https//www.marketsandmarkets.c
om/Market-Reports/pipeline-monitoring-system-marke
t-138709351.html
6
  • Major Regions
  • North America
  • Europe
  • Asia Pacific
  • Middle East Africa
  • Latin America

https//www.marketsandmarkets.com/Market-Reports/p
ipeline-monitoring-system-market-138709351.html
7
  • Key Questions Answered in Our Report
  • What are the global trends in the pipeline
    monitoring system market? Would the market
    witness an increase or decline in demand in the
    coming years?
  • What is the estimated demand for different
    materials of pipeline monitoring system products?
  • Where will the strategic developments take the
    industry in the mid-to-long term?
  • What are the upcoming industry applications and
    trends for pipeline monitoring systems?
  • Who are the major players in the pipeline
    monitoring system market globally?

https//www.marketsandmarkets.com/Market-Reports/p
ipeline-monitoring-system-market-138709351.html
8
  • MarketsandMarkets Value Proposition

How are we different?
  • Most-detailed market segmentation in industry
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    identification of opportunities

9
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10
  • MarketsandMarkets Our Expertise

Our Expertise
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11
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12
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13
  • Stay in touch

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