According to a new market report published by Lucintel, the future of the pipeline monitoring system market looks promising with opportunities in the crude & refined petroleum and water & wastewater industries. The global pipeline monitoring system market is expected to grow with a CAGR of 7% from 2020 to 2025. The major drivers for this market are increasing number of oil & gas leakage in production, pipelines, usage of storage tanks due to natural disasters, high pressure along with stringent government regulations for pipeline safety & security, and expansion & upgradation of pipelines.
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In this market, metallic pipes and non-metallic pipes are the major pipe types on which pipeline monitoring systems are used. Lucintel forecasts that metallic pipes will remain the largest pipe type segment over the forecast period, as they have high strength and durability, irrespective of the liquids that they carry and its high pressure-carrying strength for any material transporting through metallic pipelines.
Within this market, crude & refined petroleum will remain the largest end use segment over the forecast period due to the growth in market for gas pipelines.
Asia Pacific is expected to witness the highest growth over the forecast period due to high population in these countries like China and India, along with the construction of new pipelines in this region.
Siemens, Honeywell International, Perma Pipes, Transcanada, and PSI are among the major suppliers in the global pipeline monitoring system market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global pipeline monitoring system market by technology, end use industry, pipe type, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Pipeline Monitoring System Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This 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 trends and forecast for the global pipeline monitoring system market by technology, pipe type, end use industry, and region as follows:
By Technology [Value ($ Million) shipment analysis for 2014 – 2025]:
Ultrasonic
Pipeline Intervention Gadget
Smart Ball
Magnetic Flux
Fiber Optic
By Pipe Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Metallic Pipes
Non-Metallic Pipes
Others
By End Use Industry [Value ($ Million) shipment analysis for 2014 – 2025]:
Crude & Refined Petroleum
Water & Wastewater
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
This more than 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 visit us at helpdesk@lucintel.com.
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.