Lucintel anticipates that North America will be the fastest growing region in the pipeline monitoring system market

   October 31, 2019
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.

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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 link or

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