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 up-gradation of pipelines.

1. Pipeline Monitoring System Market worth $6.5 billion by 2024
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2. Scope of The Report
By Technology
This research report categorizes the pipeline monitoring system market based on type, technology,end-u
ser industry, solution, and region.
• PIG’s
• Smart ball
• Ultrasonic
• Magnetic flux leakage t
echnology
• Fiber optic technology
• Others ( Beta foil techn
ology and Leo technolo
gy)
• Crude & refined petroleum
• Oil
• Natural gas
• Biofuels
• Water & wastewater
• Others (Beverages, drugs, and s
pecimens)
By End-use Industry By solution
• Leak detection
• Flow
• Pressure
• Temperature
• Density
• Operating condition
• Pipeline break detection
• Others (Liquid & Material I
dentification)
And More…
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3. Key Segments
In terms of both value and volume, the North America pipeline monitoring syste
m market is projected to account for the maximum market share during the forec
ast period.
BY type, the metallic pipe segment is projected to grow at the highest CAGR d
uring the forecast period.
By solution, the leak detection segment is projected to lead the pipeline m
onitoring system market from 2019 to 2024.
By end-user industry, the crude & refined petroleum segment is project
ed 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, Pi
pe-Type and region.
1
2
3
4
5
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4. 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-J
agdishpur(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. Approxi
mately 45 per cent of this project was placed in service on January 18, 2019, with the remainder to be placed in service in February an
d 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 joi
nts, and a leak detection system for two 55kms, 30 inch diameter, low Sulphur fuel oil lines for Kuwait Oil Company’s (KOC) new refine
ry project in Kuwait. The contract was valued approximately at USD 15 Million.
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5. Key Vendors
• Siemens AG (Germany)
• Honeywell International Inc. (U.S.)
• BAE Systems (U.K)
• Perma Pipes(U.S)
• Transcanada ( Canada)
Vendors
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e-monitoring-system-market-138709351.html
• PSI AG (Germany)
• Pure Technology (Canada)
• Orbcomm Inc. (U.S.)
• Huawei (China)
• And More

6. Major Regions
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
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7. • 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 syste
m 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 sy
stems?
• Who are the major players in the pipeline monitoring system market globally?
Key Questions Answered in Our Report
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