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Pipeline Monitoring System Market

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<strong>Pipeline</strong> <strong>Monitoring</strong> <strong>System</strong> <strong>Market</strong> : Information,<br />

Figures and Analytical Insights 2017 - 2027<br />

April 2017<br />

Report Id : REP-GB-2902<br />

Status : Ongoing<br />

Category : Industrial Automation and Equipment<br />

©2015 Future <strong>Market</strong> Insights, All Rights Reserved


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Research Methodology (1/2)<br />

<strong>System</strong>atic Research Approach<br />

<strong>Market</strong> profiling<br />

Formulating discussion guide<br />

Developing list of respondents<br />

Data collection<br />

Data validation<br />

4<br />

5<br />

3<br />

1<br />

2<br />

In-depth secondary research is used to<br />

ascertain overall market size, top<br />

industry players, top products, industry<br />

associations, etc.<br />

PMR formulates a detailed discussion<br />

guide to conduct expert and industry<br />

interviews<br />

PMR develops a list of industry players<br />

(manufacturers), distributors, retailers<br />

and industry experts<br />

PMR conducts interviews with industry<br />

experts, industry players, distributors<br />

and retailers<br />

Data is validated by triangulation<br />

method, wherein secondary, primary<br />

and PMR analysis contribute to the final<br />

data<br />

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Data<br />

Collection<br />

Data Filter<br />

& Analysis<br />

Identifying key opinion leaders<br />

Questionnaire design<br />

In-depth interviews<br />

Coverage across value chain<br />

<strong>Market</strong> participants<br />

Key strengths<br />

Product portfolio<br />

Mapping as per value chain<br />

Key focus segments<br />

A<br />

Primary<br />

Research<br />

C<br />

Company<br />

Analysis<br />

Research &<br />

Intelligence<br />

SOLUTION<br />

Actionable<br />

Insights<br />

B<br />

Desk<br />

Research<br />

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Business<br />

Solution<br />

Key industry experts<br />

Channel study<br />

Developments<br />

<strong>Market</strong> dynamics<br />

Products<br />

Conclusions<br />

Data analysis<br />

6<br />

Data is scrutinized using MS-Excel to<br />

obtain qualitative and quantitative<br />

insights about the industry<br />

Primary Research #<br />

Secondary Research #<br />

Paid Publications#<br />

Insights<br />

7<br />

PMR delivers industry insights and<br />

information in the required format<br />

(PDF)<br />

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Linkedin<br />

Zoominfo<br />

Salesforce<br />

Avention<br />

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Company websites<br />

Company annual<br />

reports<br />

White papers<br />

Financial reports<br />

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Factiva<br />

GBI<br />

Genios<br />

Meltwater<br />

# includes sources of databases<br />

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3


<strong>Pipeline</strong> <strong>Monitoring</strong> <strong>System</strong> <strong>Market</strong><br />

<strong>Pipeline</strong>s are flow lines that carry fluids which may be in a liquid or gaseous state. At times, they are laid<br />

in harsh and hazardous conditions and areas; hence, fostering a need for accurate pipeline monitoring<br />

systems to detect leakages, damages and other pipeline failures, which may lead to serious ecological<br />

and economic consequences. For example, a small water pipeline bursting or leaking is a small scale<br />

problem and will not affect the environment and ground water reservoir largely. However, if a crude oil<br />

or natural gas or chemical pipeline gets damaged and leaks, it may lead to severe ecological<br />

consequences.<br />

Sometimes, the working conditions of the pipeline itself can induce damage or additional wear. Such<br />

pipelines need to be closely monitored from the data collection center or control room for exact pressure<br />

and temperature conditions inside the pipeline, to ensure effective operation of the whole plant.<br />

<strong>Pipeline</strong>s are susceptible to internal and external corrosion, cracking, manufacturing flaws and third party<br />

damages. Thus, it has become crucial to closely monitor and control hazardous fluid carrying pipelines<br />

with pipeline monitoring systems to effectively and safely operate a plant. In order to sustain safe<br />

operation of a pipeline, remote, real-time and continuous assessment and monitoring of the pipelines is<br />

necessary. There are various underground and underwater pipelines being laid around the globe; hence,<br />

pipeline monitoring systems have become essential in the rapidly industrializing world.<br />

In pipeline inspection and monitoring, the foremost objective is to locate and identify the exact damage<br />

area, followed by formulating an accurate solution; so maintenance personnel can take effective<br />

corrective action. Damaged pipelines, if not serviced on time, can create several operational problems,<br />

which will amount to a heavier cost eventually. An operation known as pigging is employed to remove<br />

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<strong>Pipeline</strong> <strong>Monitoring</strong> <strong>System</strong> <strong>Market</strong><br />

blockages from long pipelines; herein a large sphere is introduced in the pipeline and eventually removed<br />

from pigging stations located at suitable checkpoints. Nowadays, industries are using intelligent pigs,<br />

which comprise sensors and electronic devices helpful in calculating the pipe’s thickness as well as in<br />

detecting damages and defects while travelling inside the pipeline. Electric readings are recorded for<br />

effective and accurate location of defective areas inside the pipelines. Such advancements and increasing<br />

automation in pipeline monitoring systems are expected to boost the overall pipeline monitoring system<br />

market in the coming future.<br />

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<strong>Pipeline</strong> <strong>Monitoring</strong> <strong>System</strong> market dynamics:<br />

Large scale research and development divisions are invested in the pipeline monitoring system<br />

technology in oil & gas industries; thus, making pipeline monitoring systems significant tools in the<br />

petrochemical sector. Another essential factor facilitating growth of the pipeline monitoring system<br />

technology is the rising use of electronics and sensors in pipelines which will monitor and control<br />

operating conditions and thus, reduce damage from internal factors such as nozzle stress, corrosion, etc.<br />

The pipeline monitoring system market has evolved over the years to feature a multitude of advantages<br />

such as cost effectiveness, good longevity, enhanced reliability, and ease in maintenance.<br />

<strong>Pipeline</strong> <strong>Monitoring</strong> <strong>System</strong> market segmentation:<br />

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<strong>Pipeline</strong> <strong>Monitoring</strong> <strong>System</strong> <strong>Market</strong><br />

The pipeline monitoring system market can be segmented by pipe type, technology, application and end<br />

use.<br />

The pipeline monitoring system market can be segmented on the basis of pipe type as:<br />

• Metallic<br />

• Cast steel pipe<br />

• Stainless steel pipe<br />

• Aluminum pipe<br />

• Other metal pipes (cast iron pipe, corrugated steel pipe, copper pipe)<br />

• Non-metallic<br />

• Plastic pipe<br />

• Glass pipe<br />

• Other pipes<br />

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<strong>Pipeline</strong> <strong>Monitoring</strong> <strong>System</strong> <strong>Market</strong><br />

• Concrete pipes<br />

• Asbestos cement pipes<br />

The pipeline monitoring system market can be segmented on the basis of technologyas:<br />

• Ultrasonic testing<br />

• PIGs<br />

• Smart ball (intelligent pigs)<br />

• Magnetic flux leakage technology<br />

• Others (beta foil technology, leo technology, fiber optic test)<br />

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<strong>Pipeline</strong> <strong>Monitoring</strong> <strong>System</strong> <strong>Market</strong><br />

The pipeline monitoring system market can be segmented on the basis of end use as:<br />

• Petrochemical industries<br />

• Oil<br />

• Natural gas<br />

• Biofuel<br />

• Water & wastewater treatment plants<br />

• Chemicals industries<br />

• Others (beverages & food, process , automobile)<br />

<strong>Pipeline</strong> <strong>Monitoring</strong> <strong>System</strong> <strong>Market</strong>: Regional Outlook:<br />

The pipeline monitoring system market can be divided into seven different geographical regions/divisions<br />

such as North America, Latin America, Western and Eastern Europe, Asia-Pacific Excluding Japan (APEJ),<br />

Japan, Middle East and Africa. North America, Europe and MEA regions have vast oil fields and chemical<br />

industries, hence long pipelines are required for the transportation of fluids here. Owing to this, the<br />

pipeline monitoring systems market is forecasted to grow in all the above regions. In the Asia-Pacific<br />

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<strong>Pipeline</strong> <strong>Monitoring</strong> <strong>System</strong> <strong>Market</strong><br />

region, countries like India and China have increased the use of pipeline monitoring system technology in<br />

the petrochemical industry for human safety and comfort. Based on the above factors, the pipeline<br />

monitoring system market is forecasted to grow with a high CAGR over the forecast period.<br />

<strong>Pipeline</strong> <strong>Monitoring</strong> <strong>System</strong>: Key Players<br />

• Siemens AG<br />

• Honeywell International Inc.<br />

• BAE <strong>System</strong>s<br />

• Perma Pipes<br />

• TransCanada PipeLines Limited<br />

• PSI AG<br />

• Pure Technology<br />

• Orbcomm Inc.<br />

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<strong>Pipeline</strong> <strong>Monitoring</strong> <strong>System</strong> <strong>Market</strong><br />

• Huawei<br />

• Pentair PLC.<br />

• Atmos International<br />

• Clampon AS<br />

• ABB Group<br />

• Future Fibre Technologies<br />

• Senstar Inc.<br />

• Syrinix<br />

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http://www.futuremarketinsights.com/reports/pipeline-monitoring-system-market<br />

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©2015 Future <strong>Market</strong> Insights, All Rights Reserved<br />

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