The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Pipeline infrastructure expansion is likely to boost innovation in pipeline monitoring system production, propelling the market over the forecast period.

The global pipeline monitoring system market is expected to grow from $13.88 billion in 2022 to $15.05 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The global pipeline monitoring system market is expected to grow to $20.27 billion in 2027 at a CAGR of 7.7%.

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Global Pipeline Monitoring System Market Segments Include:

• By Type: Metallic, Non-Metallic, Concrete Pipes, Asbestos Cement Pipes
• By Technology: Ultrasonic, PIG (Pipeline Inspection Gauge), Small Ball, Magnetic Flux Leakage, Fiber Optic, Other Technologies
• By Application: Operating Efficiency, Leak Detection, Pipeline Break Detection
• By End-User: Oil And Gas, Water And Wastewater, Other End-Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global pipeline monitoring system market in 2021.

Major Market Players in the pipeline monitoring system market include ABB Ltd., Emerson Electric Co., Honeywell International Inc., Huawei Investment & Holding Co. Ltd., ORBCOMM Inc., Siemens, Schneider Electric SE, QinetiQ, Rockwell Automation Inc.

In the pipeline monitoring system market, technological developments have emerged as a prominent trend that is gaining traction. To maintain their market position, major pipeline monitoring system businesses are focusing on developing innovative technology. For example, in April 2021, ABB Ltd., a Swiss-based producer of digital technology, released the world’s quickest and most sensitive drone-based gas leak detection system, HoverGuard. The revolutionary device detects, measures, and maps leaks up to 100 metres distant from natural gas transmission and distribution pipes, collecting lines, storage locations, and other potential sources. Following a survey, it generates detailed digital reports that summarise the results and can be shared. HoverGuard is a key environmental and gas leak detecting technology.

The Pipeline Monitoring System Global Market Report 2023  provides a pipeline monitoring system market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The pipeline monitoring system market forecast analyzes pipeline monitoring system market size, pipeline monitoring system market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Pipeline monitoring systems are system tools used to evaluate the corrosive environment and bacteriological control programmes, collect samples without producing harmful byproducts, provide online analysis of chemical drug treatment, collect data that complies with regulatory assessment tasks, and evaluate pipeline threat. These devices allow continuous, real-time monitoring of the gases and liquids in pipelines while they are in operation.

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