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According to a new market research report published by Market Research Future Pipeline Monitoring Systems Market Analysis From 2019 to 2023 by Type (Metallic, Non-metallic, Concrete pipes, Asbestos cement pipes), by technology (Ultrasonic testing, Smart ball, Magnetic flux leakage technology and others), by Application (Operating Efficiency, Leak Detection, Pipeline Break Detection) and Region, the global Pipeline Monitoring Systems market accounted to hit the notable market value in 2023 and expected to witness CAGR of 7% across the forecast period through 2019 to 2023. Report provides comprehensive information on Global Pipeline Monitoring Systems Market key players, share, Sales, revenue, industry size in terms of volume.Key Companies Covered:
ABB (Switzerland), Emerson (U.S.), Honeywell International (U.S.), Schneider Electric (France), Siemens AG (India), Bentek Systems Ltd. (Canada), HollySys Automation Technologies (China) Badger Meter (U.S.), General Electric (U.S.), and Inductive Automation (U.S.)
Free Sample Copy of Pipeline Monitoring Systems Market Research Report Global Forecast to 2023 available at: https://www.marketresearchfuture.com/sample_request/4141
Pipeline Monitoring Systems Industry Insight:
Pipeline Monitoring Systems used to detect any damages of leakage to the pipeline as such pipelines can cause ecological and economic consequences on a significant level. Global Market for Pipeline Monitoring Systems is forecast to grow at 7% CAGR during 2019 to 2023. The pipeline monitoring systems market is being driven majorly by its ability to detect small leaks or damages and at the same time monitoring for external pipeline threats for the prevention of leaks.
The report offers insights into the leading market players and presents an assessment of their current market position. Company information with regards to revenue, segments, share, geographical income, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives is also available in the report.
Several factors are contributing to the ascension of the pipeline monitoring system market over the assessment period. Such factors driving the market include the ability of the system in the detection of small leaks and damages to the pipeline and monitoring of external pipeline threats to prevent future leaks. Also, an increase in the number of oil and gas leakage charges during production has led to a higher demand for pipeline monitoring systems during the forecast period. The growth of pipeline monitoring systems is further contributed by the development of new devices and solutions for the monitoring of pipeline performance, optimization of resources, automating the functions, and safeguarding the operations.
Pipeline Monitoring Systems Market Segment Analysis:
The global pipeline monitoring system market has been studied for various segments in the latest analysis. This station has been carried out based on type, technology, application, and region.
Based on all types of pipeline monitoring systems, the market can be segmented as metallic, non-metallic, concrete pipes and asbestos cement pipes. Among these, metallic pipes segment is expected to grow the highest during the forecast period. These pipes are being preferred as compared to other pipe types due to its high strength, irrespective of the liquids that they will carry. Metallic pipes also possess high strength, making them the fastest-growing type of pipe in the pipeline monitoring systems market.
Based on technology, the ultrasonic testing segment is expected to dominate the market owing to its increased use by the oil and gas companies for detecting the small and large leakages. The small ball technology is also expected to grow, and the growth of this technology can be attributed to the effective utilization of these balls through pipelines with long inspection capability from single deployment.
By application, the pipeline monitoring system market has been segmented into to leak detection, operating efficiency, and pipeline break detection. The leak detection segment is expected to spearhead the global monitoring system market during the conjecture period.
Regional Outlook:
The global Pipeline Monitoring Systems market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW).
Europe is expected to fetch the second-largest share of the pipeline monitoring system market, followed by the APAC.
North America is expected to dominate global pipeline monitoring systems market followed by Europe and Asia-Pacific. The growth in North America region can be attributed to the continuous increase in oil & gas exploration & production activities in the region.
Asia Pacific is expected to showcase the highest CAGR due to the existence of various emerging economies like India and China. Such developing countries have many pipelines for oil & gas and water transportation across the nation.
List of Tables:
TABLE 1 MARKET SYNOPSIS
TABLE 2 LIST OF ASSUMPTIONS
TABLE 3 MACRO INDICATORS INFLUENCING THE GLOBAL PIPELINE MONITORING SYSTEMS MARKET FOR TOP FIVE COUNTRIES
TABLE 4 IMPORT ANALYSIS OF PIPELINE MONITORING SYSTEMS, 2013-2017 (UNITS)
TABLE 5 EXPORT ANALYSIS OF PIPELINE MONITORING SYSTEMS, 2013-2017 (UNITS)
TABLE 6 PROPORTION OF MANUFACTURING COST STRUCTURE
TABLE 7 LABOR COST ANALYSIS
Continued…
List of Figures:
FIGURE 1 GLOBAL PIPELINE MONITORING SYSTEMS MARKET: MARKET STRUCTURE 17
FIGURE 2 RESEARCH PROCESS OF MRFR 20
FIGURE 3 TOP-DOWN & BOTTOM-UP APPROACHES 23
FIGURE 4 DROC ANALYSIS OF GLOBAL PIPELINE MONITORING SYSTEMS MARKET 25
FIGURE 5 INTERNATIONAL TOURIST ARRIVALS, 2016 VS 2017 (MILLION) 26
FIGURE 6 DRIVERS IMPACT ANALYSIS: GLOBAL PIPELINE MONITORING SYSTEMS MARKET 27
FIGURE 7 RESTRAINTS IMPACT ANALYSIS: GLOBAL PIPELINE MONITORING SYSTEMS MARKET 28
FIGURE 8 SUPPLY CHAIN: GLOBAL PIPELINE MONITORING SYSTEMS MARKET 31
FIGURE 9 PORTERS FIVE FORCES MODEL: GLOBAL PIPELINE MONITORING SYSTEMS MARKET 32
FIGURE 10 MARKETING CHANNEL OF PIPELINE MONITORING SYSTEMS 40
Continued…
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