Pipeline Monitoring Systems Market Forecast and Growth By Key Players: Honeywell International, ABB group, Siemens AG, Schneider electrics, GE company, Perma Pipes, Orbcomm, BAE, PSI AG, Pure technology, TransCanada Pipelines Ltd., Huawei, CLampon AS
Pipeline Monitoring Systems Market to see substantial growth from 2018 to 2024
(EMAILWIRE.COM, August 08, 2018 ) Market Overview: -
Pipeline Monitoring Systems Market size is estimated to grow at a significant CAGR between 2016 to 2024. Increasing demand for leak detection, intense monitoring needs owing to enhanced pipeline infrastructure, and rising oil & gas demand in emerging economies have catapulted the industry growth globally. Laying of underwater and underground pipes, and rising demand of these systems in emerging economies owing to urbanization and industrialization has gained prominence in Pipeline Monitoring Systems Market size from 2016 to 2024.
Increasing need for preventing oil and gas leakages in pipes and storage tanks owing to high pressures and during natural disasters will drive the industry growth. Growing trend of innovative production for pipeline monitoring and need for safe transportation of resources without wastage will fuel the industry demand. Stringent government regulations for secure monitoring and constant upgradation will positively support the pipeline monitoring market share over the forecast timeline.
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Top Key Players: -
Pipeline monitoring systems market players include Honeywell International, ABB group, Siemens AG, Schneider electrics, GE company, Perma Pipes, Orbcomm Inc., BAE, PSI AG, Pure technology, TransCanada Pipelines Ltd., Huawei, CLampon AS, Atmos International, Future Fiber technologies, Senstar Inc., Syrinix, Pentair PLC, and few others.
Market share calculation in this report is not done based on companies covered in it. The calculation of pipeline monitoring systems market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentations: -
Based on region, North America is projected to showcase the highest market growth during the forecast period owing to increasing demand of oil & gas in this region, technological advancements and enhancements in pipeline infrastructure. North America, Europe, and MEA regions have vast chemical industries and oil fields resulting in the requirement of pipelines and their tracking systems.
Thus, the systems’ demand has witnessed a tremendous growth. Asia Pacific is expected to present a significant growth rate owing to increased use of these monitoring systems and heavy fuel consumption for petrochemical industries in emerging economies.
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Based on technology, pipeline monitoring systems market can be categorized into ultrasonic, smart ball, PIGs, magnetic flux leakage. Ultrasonic technology had the largest market share in 2015. Smart ball segment is anticipated to exhibit the fastest growth rate owing to its increasing demand by oil and gas industry. Easy installation and ability of long inspection from single installation are the features that catapult the segment’s growth. Smart ball is used by many companies to detect the leakages.
By application, industry can be divided into break detection, leak detection, and operating efficiency. Leak detection is expected to be the fastest growing segment in the forecast timeframe owing to the changing preferences of many oil & gas companies towards improvised pipeline monitoring and rising investments on enhanced infrastructure. Moreover, the benefits include automation of processes for increasing productivity, examining asset conditions and alarm alerts during unauthorized events.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Pipeline Monitoring Systems Market size is estimated to grow at a significant CAGR between 2016 to 2024. Increasing demand for leak detection, intense monitoring needs owing to enhanced pipeline infrastructure, and rising oil & gas demand in emerging economies have catapulted the industry growth globally. Laying of underwater and underground pipes, and rising demand of these systems in emerging economies owing to urbanization and industrialization has gained prominence in Pipeline Monitoring Systems Market size from 2016 to 2024.
Increasing need for preventing oil and gas leakages in pipes and storage tanks owing to high pressures and during natural disasters will drive the industry growth. Growing trend of innovative production for pipeline monitoring and need for safe transportation of resources without wastage will fuel the industry demand. Stringent government regulations for secure monitoring and constant upgradation will positively support the pipeline monitoring market share over the forecast timeline.
Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/1616
Top Key Players: -
Pipeline monitoring systems market players include Honeywell International, ABB group, Siemens AG, Schneider electrics, GE company, Perma Pipes, Orbcomm Inc., BAE, PSI AG, Pure technology, TransCanada Pipelines Ltd., Huawei, CLampon AS, Atmos International, Future Fiber technologies, Senstar Inc., Syrinix, Pentair PLC, and few others.
Market share calculation in this report is not done based on companies covered in it. The calculation of pipeline monitoring systems market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentations: -
Based on region, North America is projected to showcase the highest market growth during the forecast period owing to increasing demand of oil & gas in this region, technological advancements and enhancements in pipeline infrastructure. North America, Europe, and MEA regions have vast chemical industries and oil fields resulting in the requirement of pipelines and their tracking systems.
Thus, the systems’ demand has witnessed a tremendous growth. Asia Pacific is expected to present a significant growth rate owing to increased use of these monitoring systems and heavy fuel consumption for petrochemical industries in emerging economies.
Request for customization of this report @ https://www.gminsights.com/roc/1616
Based on technology, pipeline monitoring systems market can be categorized into ultrasonic, smart ball, PIGs, magnetic flux leakage. Ultrasonic technology had the largest market share in 2015. Smart ball segment is anticipated to exhibit the fastest growth rate owing to its increasing demand by oil and gas industry. Easy installation and ability of long inspection from single installation are the features that catapult the segment’s growth. Smart ball is used by many companies to detect the leakages.
By application, industry can be divided into break detection, leak detection, and operating efficiency. Leak detection is expected to be the fastest growing segment in the forecast timeframe owing to the changing preferences of many oil & gas companies towards improvised pipeline monitoring and rising investments on enhanced infrastructure. Moreover, the benefits include automation of processes for increasing productivity, examining asset conditions and alarm alerts during unauthorized events.
Browse Full Report @ https://bit.ly/2LJG7tQ
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Tel: 1-888-689-0688
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results