Stratview Research has recently published a report on the Pipeline Monitoring System Market. This strategically evaluated report provides a detailed overview that presents today's market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2022 to 2028.
Pipeline Monitoring System Market Insights:
The pipeline monitoring system market was estimated at USD 13.53 billion in 2021 and is likely to grow at a CAGR of 7.65% during 2022-2028 to reach USD 22.74 billion in 2028.
The prime factor that is contributing to the demand for pipeline monitoring systems is the increasing number of oil gas leakages during the production process.
What is a pipeline monitoring system?
Pipeline monitoring systems are used to evaluate corrosion and bacteriological control programs in pipelines. The system is used to collect data for pipeline risk evaluation and integrity monitoring in order to satisfy regulatory monitoring requirements.
COVID-19 IMPACT
The oil gas industry has been highly affected by the global pandemic in the year 2020. The hit that the oil gas industry took also affected the development of the pipeline monitoring system market. Monitoring system deployment projects were delayed during the pandemic due to a lack of workforce. These factors negatively affected the growth of the pipeline monitoring system market.
A sneak peek into the Report:
This report serves as a comprehensive source of market analysis. The report's layout has been kept simple in order to have the most business value possible. It offers valuable insights into business dynamics and allows current and potential market participants to make strategic decisions. The following is the report's key features:
Market structure: Overview, industry life cycle analysis, supply chain analysis
Market forecast analysis.
Competitive landscape and dynamics: Market share, product launches, etc.
Attractive market segments and associated growth opportunities
Emerging Trends Key success factors
Key Players
The market for Pipeline Monitoring Systems is highly consolidated with the strong presence of key players such as-
- Orbcomm Inc.
- Transcanada
- Honeywell International Inc
- PSI AG
- Siemens AG
- Huawei Technologies Co. Ltd.
- Bae Systems Inc.
- Pure Technologies
- C-Fer Technologies
- Perma-Pipe Inc.
Customization of Reports
Stratview research also offers custom research for market evaluation, competitive benchmarking, sourcing and procurement, target screening, and other services across sectors, in addition to this thorough review.
Research Methodology
Stratview Research's reports are the result of a thorough analysis that combines thorough secondary, and primary interviews with industry leaders, and confirmation using unique internal database and statistical methods. More than 1,000 verified secondary sources, such as annual reports from companies, press releases, fact books, journals, white papers, and blogs are reviewed and analysed.
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