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Pipeline monitoring systems are used to evaluate corrosion and bacteriological control programs, to collect samples without generating hazardous wastes, to provide on-line analysis of chemical treatment programs, to collect data that satisfies regulatory monitoring requirements, and to evaluate and monitor pipeline risk and integrity. Pipeline monitoring systems can be installed on new or existing lines both on and offshore. Permanent, portable, insulated, and trailer mounted systems are available. Nowadays, ultrasonic technology is widely used in the pipeline monitoring system.
Market Scope and Structure Analysis
The factors that drive the global pipeline monitoring systems industry include growth in leakages in oil & gas industry, government regulations for safety and monitoring, and the need to prevent large storage tanks. In addition, investments made by governments in pipeline infrastructure are expected to boost the pipeline monitoring systems market growth. The rise in concerns about pipeline security has led to increased expenditure for reliable and authentic monitoring networks by oil & gas companies. Moreover, enhanced adoption of pipelines globally is expected to result in increase in market size during the forecast period. However, political instability is expected to hamper the pipeline monitoring systems market growth.
COVID-19 impact analysis
Top Impacting Factors
Ultrasonic testing in the pipeline monitoring systems market technology generated the highest revenue in 2016, and is one of the most used technologies in the industry. Ultrasonic technique examines wall thickness in the pipeline. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of the market players.
Market Trends
Key benefits of the report
Questions answered in the Ultrasonic Pipeline Monitoring System market report
Ultrasonic Pipeline Monitoring System Market Report Highlights
Aspects | Details |
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Key Market Players | Orbcomm Inc., Perma Pipes, PSI AG, Honeywell International Inc., Transcanada, Siemens AG, Atmos International, Kinder Morgan, BAE Systems |
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