TITLE
Pipeline Monitoring System Market
OVERVIEW
Pipeline monitoring systems market size is projected to grow at a CAGR of 7% during the forecast period.
MARKET SEGMENTATION
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
By Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
GLOBAL PIPELINE MONITORING SYSTEM MARKET SHARE, BY REGION, 2018
- North America: XX%
- Europe: XX%
- Asia-Pacific: XX%
- Rest of the World (RoW): XX%
Drivers –
- Increase in number of oil gas leakages in production, pipelines, and storage tanks
- Natural disasters and high pressure along with stringent government regulations for pipeline safety
Opportunities
- New product launches and RD amongst major key players
Restraints
KEY COMPANIES PROFILED
- ABB (Switzerland)
- Emerson (U.S.)
- Honeywell International (U.S.)
- Schneider Electric (France)
- Siemens AG (India)
- Badger Meter (U.S.)
- Bentek Systems Ltd. (Canada)
- General Electric (U.S.)
- HollySys Automation Technologies (China) and
- Inductive Automation (U.S.)