Pipelines are flow lines that carry fluids which may be in a liquid or gaseous state. At times, they are laid in harsh and hazardous conditions and areas; hence, fostering a need for accurate pipeline monitoring systems to detect leakages, damages and other pipeline failures, which may lead to serious ecological and economic consequences. For example, a small water pipeline bursting or leaking is a small scale problem and will not affect the environment and ground water reservoir largely. However, if a crude oil or natural gas or chemical pipeline gets damaged and leaks, it may lead to severe ecological consequences. Pipeline monitoring systems include flow meters, pressure sensors, temperature sensors, and control valves that are installed on pipelines. In 2017, the North American market accounted for the largest share of total market of pipeline monitoring systems, in terms of value, followed by Europe. However, the Asia-Pacific region is projected to grow at the fastest rate than Europe in the pipeline monitoring systems market from 2018 to 2023. Markets in developing countries such as China, India, Japan, Australia, and countries in the Middle East are projected to grow at a higher rate from 2018 to 2023. This is because of the high population in these country, along with new pipelines under construction, which will increase the demand for pipeline monitoring systems. Market Analysis and Insights: Global Pipeline Monitoring Systems Market The global Pipeline Monitoring Systems market size is projected to reach US$ 6121.1 million by 2027, from US$ 4505.3 million in 2020, at a CAGR of 4.0% during 2021-2027. With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Pipeline Monitoring Systems market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Pipeline Monitoring Systems market in terms of revenue. On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Pipeline Monitoring Systems market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Pipeline Monitoring Systems market. Global Pipeline Monitoring Systems Scope and Market Size Pipeline Monitoring Systems market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Pipeline Monitoring Systems market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027. Segment by Type Metallic Non-metallic Segment by Application Crude & Refined Petroleum Water & Wastewater Others By Region North America U.S. Canada Europe Germany France U.K. Italy Russia Nordic Rest of Europe Asia-Pacific China Japan South Korea Southeast Asia India Australia Rest of Asia Latin America Mexico Brazil Rest of Latin America Middle East & Africa Turkey Saudi Arabia UAE Rest of MEA By Company Transcanada Company PSI Pure Technologies Honeywell Perma Pipe Siemens BAE Systems Pentair Atmos International Clampon As ABB Future Fibre Technologies Senstar Syrinix Radiobarrier TTK Krohne Group Thales Group
1 Report Overview 1.1 Study Scope 1.2 Market Analysis by Type 1.2.1 Global Pipeline Monitoring Systems Market Size Growth Rate by Type: 2016 VS 2021 VS 2027 1.2.2 Metallic 1.2.3 Non-metallic 1.3 Market by Application 1.3.1 Global Pipeline Monitoring Systems Market Share by Application: 2016 VS 2021 VS 2027 1.3.2 Crude & Refined Petroleum
