1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Oil and Gas Market Trends
Global Pipeline Monitoring System Market Size, Share & Industry Trends Analysis Report By Technology, By Solution, By Pipe Type, By End-use, By Regional Outlook and Forecast, 2021 - 2027

Global Pipeline Monitoring System Market Size, Share & Industry Trends Analysis Report By Technology, By Solution, By Pipe Type, By End-use, By Regional Outlook and Forecast, 2021 - 2027

  • March 2022
  • 289 pages
  • ID: 6273370
  • Format: PDF
  • KBV Research

Summary

Table of Contents

The Global Pipeline Monitoring System Market size is expected to reach $19.9 billion by 2027, rising at a market growth of 7.6% CAGR during the forecast period.

Pipeline safety and monitoring are becoming increasingly important in industries such as petroleum, natural gas, energy, oil and gas, and others. To avoid pipeline damage, pipeline monitoring & testing are essential. Leakage or breakage could result in substantial damage and harm the environment. Factors such as the significant rise in leakage difficulties in the oil and gas industries, as well as the expanding overall use of petroleum products, are propelling the growth of the pipeline monitoring systems market.

Due to the highly reactive nature of the liquid and gas products that pass through the pipelines, the pipeline can occasionally produce extreme pressure, resulting in pipe breaking. Leak detection challenges are increasing in the liquid and gas sectors as a result of excessive pressure in pipes, natural disasters, or accidents, resulting in a variety of events like pipe breaking, pipe leakage, and pipe bursting. These mishaps tend to raise oil and gas costs and supplies all across the world. As a result, leak detection has become a big issue in the industry. As a result, such a feature is likely to boost the pipeline monitoring systems market’s growth and open up profitable chances.

Furthermore, pipeline infrastructure has grown dramatically in response to rising oil and gas demand throughout many major countries. Thousands of kilometers of pipelines for the transportation and distribution of oil and gas products are being laid throughout diverse locations. Honeywell International, for example, will offer UOP technology to Numaligarh Refinery Ltd, the Indian Ministry of Petroleum and Natural Gas, in May 2021, to generate cleaner-burning diesel fuel and improve crude oil conversion in conformity with India’s BS-VI emission criteria. As a result, the vast networks of pipelines used in the oil and gas and petroleum industries have fueled the demand for pipeline monitoring systems.

COVID-19 Pandemic

With the surge of COVID-19 cases, emergency protocols have been implemented, as well as the suspension of numerous operations and facilities in 2020. Almost every business domain has suffered from the restrictions imposed in the nations like complete or partial lockdown, temporary ban on manufacturing units and ban on imports & exports. The bad impact of COVID-19 produced a disturbance in the supply chain, which delayed market expansion due to a scarcity of raw materials and a workforce shortage. This has severely disrupted the demand and growth of the pipeline monitoring system market. In addition, various end-use industries have witnessed a slowdown in their production and operations, which has reduced the demand for various products and components used in their daily operations.

Market Growth Factors

Use of resources in a sustainable manner

Pipeline infrastructure development requires a significant upfront expenditure. Oil and gas supplies are depleting due to rising overall energy demand. To address this challenge, businesses are constructing highly efficient facilities to increase production technologies and lower operational expenses. Oil and gas businesses are now required to install monitoring systems throughout their infrastructure. Following a rise in cyber-attacks and terrorist threats on oil and gas infrastructure systems, oil and gas operators throughout the world have boosted their spending on infrastructure and network monitoring. Many attacks against gas facilities and refineries have occurred in the Middle East and Europe.

Rapid growth in pipeline infrastructure

Because of the increased demand for oil and gas across most major countries, pipeline infrastructure has improved significantly. Pipelines for the transportation and distribution of oil and gas products are being installed across various geographies. The massive networks of pipelines have fueled the demand for pipeline monitoring systems. Sensors and sophisticated monitoring technologies are being used by pipeline firms to identify leaks in the pipeline infrastructure. To safeguard pipelines from terrorist attacks and damage, companies are concentrating on deploying physical security solutions like ground & aerial surveillance and video surveillance. In the years ahead, pipeline infrastructure growth will create a profitable market for monitoring system vendors.

Market Restraining Factors

Operators’ lack of concerns about the monitoring system’s implementation

Pipeline firms have long been way of employing cyber & network security solutions due to a lack of experience and understanding. Furthermore, IT organizations’ network security solutions were not robust, and most solutions were only offered in silos. This makes it hard for pipeline operators to select particular pipeline network monitoring systems. IT security firms also have a hard time convincing operators of the value of both network and physical monitoring systems. The lack of information and fear regarding the adoption of monitoring systems within operators is a major stumbling block for monitoring solution suppliers in the oil and gas industry.

Technology Outlook

Based on Technology, the market is segmented into Ultrasonic, PIGs, Smart Ball, Magnetic Flux Leakage, Fiber Optic Technology, and Others. The Magnetic Flux Leakage segment garnered a significant revenue share in the pipeline monitoring system market in 2020. Magnetic flux leakage (TFI or Transverse Field Inspection technique) is a nondestructive testing method that uses magnetic flux to identify pitting and corrosion in steel structures, most often pipelines & storage tanks. The main premise is that the steel is magnetized using a strong magnet. The magnetic field "leaks" from the steel in spots where there is corrosion or missing metal. A magnetic detector is positioned between the poles of the magnet in an MFL (or Magnetic Flux Leakage) tool to detect the leakage field. The chart recording of the leakage field is interpreted by analysts to detect damaged regions and assess the degree of metal loss.

Solution Outlook

Based on Solution, the market is segmented into Leak Detection, Pipeline Break Detection, Operating Condition, and Others. Pipeline Break Detection segment recorded a substantial revenue share in the pipeline monitoring system market in 2020. Water transmission pipes and distribution mains are prone to sudden pipe breakage. Because of the service disruption, repair costs, and damage to adjacent property & infrastructure, the repercussions of these failures can be highly costly, by reducing the time it takes to identify and locate pipeline breaks, the cost involved with pipeline breaks can be decreased.

Pipe Type Outlook

Based on Pipe Type, the market is segmented into Metallic & Non-Metallic. The Metallic segment acquired the highest revenue share in the pipeline monitoring system market in 2020. Metallic pipes include stainless steel pipes, ductile iron pipes, aluminum pipes, and other varieties like as corrugated pipes, cast-iron pipes, and copper pipes. When treated with a highly oxygenated water stream, iron-based pipes can become corrosive; as a result, end-user industries prefer steel-based pipes. Metallic pipes are also more prone to corrosion than non-metallic pipes and are less heat resistant.

End-use Outlook

Based on End-use, the market is segmented into Crude & Refined Petroleum, Water & Wastewater, and Others. The Crude & Refined Petroleum segment procured the highest revenue share in the pipeline monitoring system market in 2020. Crude oil is an unrefined type of petroleum that occurs spontaneously. It is one of the most important energy sources in the energy and power sector. Crude oil is refined into gasoline, petroleum, petrochemicals, and diesel once it has been processed. It is a renewable resource that is also called fossil fuel. It is primarily divided into three sub-segments: bio-fuels, oil, natural gas, all of which are delivered via pipelines, resulting in a large market opportunity for pipeline monitoring systems, which provide end-to-end monitoring and security solutions.

Regional Outlook

Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. North America held the maximum revenue share in the pipeline monitoring system market in 2020. Pipeline monitoring systems have long been a big business in North America. In terms of quality and applicability, it has been a pioneer in product innovation. Because of the increased oil and gas exploration and production operations, pipeline monitoring systems are in more demand. Because of the expansion of pipelines across North American countries such as Mexico, the US, and Canada, oil and gas corporations, government bodies, and environmental organizations are working on preventing gas leaks, oil spills, and other calamities.

The major strategies followed by the market participants are Partnerships, Collaborations, and Agreements. Based on the Analysis presented in the Cardinal matrix; Siemens AG and Huawei Technologies Co., Ltd. are the forerunners in the Pipeline Monitoring System Market. Companies such as Honeywell International, Inc., BAE Systems PLC, and Pentair PLC are some of the key innovators in the Market.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Huawei Technologies Co., Ltd., Siemens AG, Thales Group S.A., Pentair PLC, Orbcomm, Inc., BAE Systems PLC, ABB Group, Honeywell International, Inc., PSI Software AG, and Perma-Pipe International Holdings, Inc.

Recent Strategies deployed in Pipeline Monitoring System Market

Partnerships, Collaborations, and Agreements:

Feb-2022: ABB formed a partnership with INTECH, the leading smart classroom & smart library solutions provider. Under this partnership, the companies would improve the integration of both companies in the region.

Sep-2021: Perma-Pipe Egypt received a contract of $5.0 million by Consolidated Contractors Company along with Gascool Company. Under this contract, Perma-Pipe Egypt would supply field joints, leak detection systems, and thermal insulation systems for district cooling networks. Additionally, contract would allow supplier projects with greater ability to encounter the demands of Egyptian consumers.

Jun-2021: ABB signed a service contract with EuRoPol GAZ S.A, an owner of the Polish part of the Yamal-Europe gas pipeline. Under this partnership, EuRoPol GAZ S.A. would increase dependability and enhance securities level at all five gas compressor stations placed in the Polish section of the gas pipeline.

May-2021: Huawei signed a strategic agreement with SINO-PIPELINE in Shenzhen. Together, the companies focused on assembling gas and oil creative pipeline fields and set up a long-lasting interacting mechanism to propel the pipeline’s huge digital conversion, accomplish split success and development.

Nov-2020: Thales came into an agreement with Teréga, a gas operator and accelerator of the energy transition. Under this agreement, Thales would emplace a solution based on long-range UAVs to watch Teréga’s gas pipeline network. Additionally, the association impacts the working price of pipeline observation while providing an improved level of service.

Nov-2020: Siemens Energy came into a partnership with, ProFlex Technologies, provider of spontaneous leak detection services for pipeline operators. Under this agreement, Siemens Energy would obtain access to ProFlex Technologies’ digital Pipe-Safe leading leak detection technology, designed to allow gas, oil, and petrochemical workers to minimize ecosystem reach by reducing accidental product releases.

Sep-2020: ABB digital gas came into contract with Assam Gas Company, Government Company. Under this contract, Assam Gas Company would manage in two ways to cover 399 tea estates as well as six big industrial consumers as state service operates towards creating a continuous gas distribution system.

Product Launches and Product Expansions:

Mar-2022: HUAWEI Technologies introduced an intelligent pipeline monitoring system. This technology is designed to monitor the disputing crude oil theft in Nigeria. Additionally, technology provides quick response, high identification precision, and accurate positioning, that would assure pipeline safety and minimize mischief and robbery.

Sep-2021: Huawei introduced Huawei OptiXsense, H-OTN, and Digital meeting rooms. The solutions provide a first glance at its complete digital infrastructure scope as well as how these solutions and products are placed to mold digital infrastructure for the next ten years.

Apr-2021: ABB introduced ABB Ability, Mobile Gas Leak Detection System, HoverGuard. This detection system would provide solutions for discovering leaks quickly and more accurately to increase safety around the pipeline network either in the urban or remote ecosystem, by mapping and identifying natural gas leaks across tough sites such as bridges, a region with priority limitation, gas storages pipeline as well as assets.

Scope of the Study

Market Segments covered in the Report:

By Technology

• Ultrasonic

• PIGs

• Smart Ball

• Magnetic Flux Leakage

• Fiber Optic Technology

• Others

By Solution

• Leak Detection

• Pipeline Break Detection

• Operating Condition

• Others

By Pipe Type

• Metallic

• Non-Metallic

By End Use

• Crude & Refined Petroleum

• Water & Wastewater

• Others

By Geography

• North America

o US

o Canada

o Mexico

o Rest of North America

• Europe

o Germany

o UK

o France

o Russia

o Spain

o Italy

o Rest of Europe

• Asia Pacific

o China

o Japan

o India

o South Korea

o Singapore

o Malaysia

o Rest of Asia Pacific

• LAMEA

o Brazil

o Argentina

o UAE

o Saudi Arabia

o South Africa

o Nigeria

o Rest of LAMEA

Companies Profiled

• Huawei Technologies Co., Ltd.

• Siemens AG

• Thales Group S.A.

• Pentair PLC

• Orbcomm, Inc.

• BAE Systems PLC

• ABB Group

• Honeywell International, Inc.

• PSI Software AG

• Perma-Pipe International Holdings, Inc.

Unique Offerings

• Exhaustive coverage

• Highest number of market tables and figures

• Subscription based model available

• Guaranteed best price

• Assured post sales research support with 10% customization free

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

ref:plp2022

Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on