Pipeline Monitoring System Market is Forecasted to Reach US$ 26.38 billion in 2030, Says Stratview Research

The global pipeline monitoring system market is projected to witness a growth rate of 7.65% annually from 2024 to 2030, with an anticipated size of US$ 26.38 billion by 2030, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global pipeline monitoring system market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
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Report Highlights:
Market Size in 2030: US$ 26.38 billion
Growth (CAGR): 7.65% during 2024-2030
Forecast Period: 2024-2030
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 5
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Pipeline Monitoring System Market:

The global pipeline monitoring system market is segmented based on pipe type, technology type, solution type, end-use industry type, and region.

Based on pipe type - Based on the pipe type, the market is segmented as metallic, non-metallic, and others. The metallic segment held the largest share of the market in 2023 and is expected to remain dominant during the forecast period. The significant share of the metallic segment is attributed to metals being the major materials for the construction of pipes owing to durability and corrosion resistance.

Based on technology type - Based on the technology type, the pipeline monitoring system market is segmented as ultrasonic, PIG, electronics and semiconductors, coating, fiber optic technology, energy, and others. The ultrasonic segment accounted for the largest share by technology in 2023, owing to stringent regulations for the safety and security of pipelines coupled with pipeline upgradation and expansion. The segment is likely to lead the market during the forecast period as well.

Based on solution type - Based on the solution type, the market is segmented as leak detection, operating condition, pipeline break detection, and others. The leak detection segment held the largest share of the market in 2023 and is expected to remain dominant during the forecast period. The significant share of the leak detection segment is attributed to huge investments in pipeline monitoring infrastructures by oil & gas companies.

Based on end-use industry type - Based on the end-use industry type, the pipeline monitoring system market is segmented as crude & refined petroleum, water & wastewater, and others. The crude & refined petroleum segment accounted for the largest share in 2023, owing to the higher stakes involved, and the segment is estimated to maintain its dominance during the forecast period as well.

To know the most attractive segments, click here:
https://www.stratviewresearch.com/1317/pipeline-monitoring-system-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is estimated to be the largest market for pipeline monitoring systems during the forecast period. This growth outlook is majorly attributed to the following-

• The region's growth is driven by countries such as China, whose container capacity clocked around 250 million standards in 2020. Additionally, China is seen with promising growth to be the seventh out of the ten largest ports during the forecast period.
• Other regions such as North America and Europe are also expected to mark their presence in the pipeline monitoring system market during the forecast period driven by the increase in the installation of retrofit and low-frequency noise reduction & emission at the port.

Pipeline Monitoring System Market Drivers:

Some of the key drivers listed in the report are given below.
• Rising energy demand.
• Increasing the number of oil & gas leakages during the production process.

Top Companies in the Pipeline Monitoring System Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Orbcomm Inc.
• Transcanada
• Honeywell International Inc
• PSI AG
• Siemens AG
• Huawei Technologies Co. Ltd.
• Bae Systems Inc.
• Pure Technologies
• C-Fer Technologies
• Perma-Pipe Inc.

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Pipeline Monitoring System Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Metal Pipes Market: https://www.stratviewresearch.com/2092/Metal-Pipes-Market.html
• Pipeline & Process Services Market: https://www.stratviewresearch.com/1316/pipeline-&-process-services-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

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This release was published on openPR.