Pipeline Monitoring System Market worth $6.5 billion by 2024

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The pipeline monitoring system market is projected to grow from USD 4.6 billion in 2019 to USD 6.5 billion by 2024, at a CAGR of 7.1% from 2019 to 2024. The demand for pipeline monitoring system can be attributed to high growth as a result of the increasing number of oil & gas leakages in production, pipelines, and storage tanks due to natural disasters and high pressure along with stringent government regulations for pipeline safety and security and expansion and upgradation of pipelines.


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Pipeline Monitoring System Market worth $6.5 billion by 2024 https:// www.marketsandmarkets.com/Market-Reports/pipeline-monitoring-system-market-138709351.html


Scope of The Report By Technology This research report categorizes the pipeline monitoring system market based on type, technology,end -user industry, solution, and region . PIG’s Smart ball Ultrasonic Magnetic flux leakage technology Fiber optic technology Others ( Beta foil technology and Leo technology) Crude & refined petroleum Oil Natural gas Biofuels Water & wastewater Others (Beverages, drugs, and specimens) By End-use Industry By solution Leak detection Flow Pressure Temperature Density Operating condition Pipeline break detection Others (Liquid & Material Identification) And More… https:// www.marketsandmarkets.com/Market-Reports/pipeline-monitoring-system-market-138709351.html


Key Segments In terms of both value and volume, the North America pipeline monitoring system market is projected to account for the maximum market share during the forecast period. BY type, the metallic pipe segment is projected to grow at the highest CAGR during the forecast period. By solution, the leak detection segment is projected to lead the pipeline monitoring system market from 2019 to 2024. By end-user industry, the crude & refined petroleum segment is projected to lead the pipeline monitoring system market from 2019 to 2024. The report provides detailed insights into the global Pipeline Monitoring System market that has been segmented by Technology, End-use Industry, Solution, Pipe-Type and region. 1 2 3 4 5 https:// www.marketsandmarkets.com/Market-Reports/pipeline-monitoring-system-market-138709351.html


Market Growth Rate Recent Developments 2024 Market Size of USD 4.6 billion Market Size of USD 6.5 billion 2019 In March 2019, Siemens equipped 29 gas turbines with Remote Diagnostic Services for Gail India Limited across the Hazira-Vijaipur-Jagdishpur (HVJ) pipeline and the Vijaipur C2/C3 plant to provide advanced software services for an easy manufacturing process . In January 2019, Transcanda started a new project named Mountaineer Xpress (MXP), a Columbia Gas project, designed to transport supply from the Marcellus and Utica shale plays to points along the system and to the Leach interconnect with Columbia Gulf. Approximately 45 per cent of this project was placed in service on January 18, 2019, with the remainder to be placed in service in February and March 2019, along with Gulf Xpress, a Columbia Gulf project . In September 2018, Perma -Pipe Saudi Arabia was awarded a contract by Italy’s Saipem S.p.A for a thermal insulation system, field joints, and a leak detection system for two 55kms, 30 inch diameter, low Sulphur fuel oil lines for Kuwait Oil Company’s (KOC) new refinery project in Kuwait. The contract was valued approximately at USD 15 Million. https:// www.marketsandmarkets.com/Market-Reports/pipeline-monitoring-system-market-138709351.html


Key Vendors Siemens AG ( Germany) Honeywell International Inc. (U.S .) BAE Systems (U.K ) Perma Pipes(U.S ) Transcanada ( Canada ) Vendors View Report Here - https:// www.marketsandmarkets.com/Market-Reports/pipeline-monitoring-system-market-138709351.html PSI AG (Germany ) Pure Technology ( Canada) Orbcomm Inc. (U.S .) Huawei (China ) And More


Major Regions North America Europe Asia Pacific Middle East & Africa Latin America https:// www.marketsandmarkets.com/Market-Reports/pipeline-monitoring-system-market-138709351.html


What are the global trends in the pipeline monitoring system market? Would the market witness an increase or decline in demand in the coming years? What is the estimated demand for different materials of pipeline monitoring system products? Where will the strategic developments take the industry in the mid-to-long term ? What are the upcoming industry applications and trends for pipeline monitoring systems ? Who are the major players in the pipeline monitoring system market globally? Key Questions Answered in Our Report https:// www.marketsandmarkets.com/Market-Reports/pipeline-monitoring-system-market-138709351.html


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