Pipeline Monitoring System Market Growth & Trends
The global pipeline monitoring system market size is expected to reach USD 26.72 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to expand at a CAGR of 7.7% from 2022 to 2030.
The pipeline monitoring systems are utilized to locate corrosion, flow constrictions, and liquid accumulations and collect samples by evaluating risk and bacteriological control programs. The pipeline monitoring systems are generally employed within the following applications: plants & refineries, refined products, wet gas & crude pipelines, water & wastewater, offshore platforms, and pipeline terminals. The monitoring/detection systems provide accurate real-time monitoring of internal corrosion, gasses, fluids, and oil contamination.
The industry’s growth is attributed to the increasing installations of pipelines utilized for the transportation and distribution of oil and gas supplies globally. Moreover, the growing cases of leakage due to corrosion within pipelines propel the demand for pipeline monitoring systems. The installation of pipeline monitoring/detection systems has reduced geo-hazards, thefts, internal leakage, and ruptures. Furthermore, the advent of pigging technology within existing and new pipelines are positively influencing the growth of the market.
Advancing technological aspects within pipeline infrastructure, such as Human Machine Interface (HMI), Distributed Vibration Sensing (DVS)/Distributed Acoustic Sensing (DAS), Distributed Temperature Sensing (DTS), and Programmable Logic Controller (PLC), have strengthened the downstream process monitoring capabilities, intuitive interface software, and detection algorithms. The improving technological solutions integrated within monitoring systems have significantly propelled the growth of the market.
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Pipeline Monitoring System Market Segmentation
Grand View Research has segmented the global pipeline monitoring system market based on technology, pipe type, application, industry vertical, and region.
Pipeline Monitoring System Technology Outlook (Revenue, USD Million, 2017 – 2030)
- Smart Ball
- Magnetic Flux Leakage Technology
- Fiber Optic Technology
- Mass Volume/Balance
- Vapor Sensing
- Others (Beta Foil Technology and Leo Technology)
Pipeline Monitoring System Pipe Type Outlook (Revenue, USD Million, 2017 – 2030)
List of Key Players in the Pipeline Monitoring System Market
- ABB Ltd.
- Emerson Electric Co.
- Generic Electric Co.
- Honeywell International Inc.
- Huawei Investment and Holding Co. Ltd.
- ORBCOMM Inc.
- QinetiQ Group Plc
- Rockwell Automation Inc.
- Schneider Electric SE
- Siemens AG
Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. Grand View Research database is used by the world's renowned academic institutions and Fortune 500 companies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide.
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