$2.09 Bn Pipeline Integrity Market – Global Forecast to 2024: Increased Focus on the Remote Management of Oil & Gas Pipeline for Process Optimization & Automation

Dublin, May 16, 2019 (GLOBE NEWSWIRE) — The “Pipeline Integrity Market by Service (Testing, Inspection [Ultrasonic, Magnetic Flux, Caliper], Monitoring, Software), Application (Onshore, Offshore), Product (Oil, Gas, Refined Product), and Region: Global Forecast to 2024” report has been added to ResearchAndMarkets.com’s offering.

The pipeline integrity market is estimated to be at USD 1.69 billion in 2019 and is projected to reach USD 2.09 billion by 2024, at a CAGR of 4.33%, during the forecast period.

Pipeline integrity is ensuring the proper running of a pipeline and all its related components. The pipeline integrity market is defined as the revenue generated through the provision of pipeline integrity services such as testing services, inspection services, pipeline monitoring services, and related software services.

These services are offered for pipelines carrying crude oil, gas, and refined products. They are provided for both offshore and onshore pipelines for identifying any metal loss/corrosion, geometry measurement & bend detection, and leak & crack detection.

Major factors driving the growth of the pipeline integrity market include huge investment pool in the pipeline business, increased government mandate and regulation for pipeline assessment, concern over environment impact, safety of pipelines and energy infrastructure, and increased focus on remote management of oil & gas pipeline for process optimization & automation. Difficulty in pipeline assessment and cross-border pipelines could act as a restraint for the growth of the pipeline integrity market.

The major players in the Pipeline integrity market are Rosen (Switzerland), Baker Hughes, a GE Company (US), NDT Global (Germany), T.D. Williamson (US), and SGS (Switzerland).

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Global Pipeline Integrity Market, 2019-2024
4.2 Pipeline Integrity Market, By Service
4.3 Pipeline Integrity Market, By Product
4.4 Pipeline Integrity Market, By Application
4.5 Americas: Pipeline Integrity Market, By Country & Product

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Huge Investment Pool in the Pipeline Business
5.2.1.2 Increased Government Mandate and Regulations for Pipeline Assessment
5.2.1.3 Concern Over Environment Impact, the Safety of Pipelines and Energy Infrastructure
5.2.1.4 Increased Focus on the Remote Management of Oil & Gas Pipeline for Process Optimization & Automation
5.2.2 Restraints
5.2.2.1 Difficulty in Pipeline Assessment
5.2.2.2 Cross-Border Pipelines
5.2.3 Opportunities
5.2.3.1 Introduction of the Digital Twin Technology in Pipeline Operation
5.2.3.2 Offshore/Ultra-Deepwater Discoveries
5.2.3.3 Big Data Analytics Would Increase the Scope of Pipeline Monitoring Systems
5.2.4 Challenges
5.2.4.1 Delays in Issuing A Permit By Statutory Government Bodies
5.2.4.2 High Time Consumption in the Data Analytics Process

6 Pipeline Integrity Market, By Service
6.1 Introduction
6.2 Testing Services
6.2.1 Americas is the Largest Market for Testing Segment
6.2.1.1 Hydrostatic Testing
6.2.1.2 Pneumatic Testing
6.2.1.3 Vacuum Testing
6.2.1.4 Testing Plugs
6.2.1.5 Petroleum Pipeline Testing
6.3 Inspection Services
6.3.1 Rising Government Regulations and Mandates Associated With the Inspection of Pipelines are Expected to Drive the Segment
6.3.1.1 Magnetic Flux
6.3.1.2 Ultrasonic
6.3.1.3 Caliper
6.4 Monitoring Services
6.4.1 Increased Focus on the Remote Management of Oil & Gas Pipeline for Process Optimization & Automation is Expected to Drive the Monitoring Segment.
6.5 Software Services
6.5.1 Americas is Expected to Dominate Software Services Segment

7 Pipeline Integrity Market, By Application
7.1 Introduction
7.2 Onshore
7.2.1 Increasing Demand for Oil & Gas and Rising Environmental Concerns Related to Its Transportation is Expected to Drive the Onshore Segment
7.2.2 Metal Loss/Corrosion
7.2.3 Geometry Measurement & Bend Detection
7.2.4 Crack & Leak Detection
7.3 Offshore
7.3.1 Crude Oil Pipelines are the Basis of Liquid Energy Supply, and Natural Gas Offshore Pipelines Have Accounted for A Significant Share in the Offshore Pipeline Network
7.3.2 Metal Loss/Corrosion
7.3.3 Geometry Measurement & Bend Detection
7.3.4 Crack & Leak Detection

8 Pipeline Integrity Market, By Product
8.1 Introduction
8.2 Oil
8.2.1 The Americas Oil Pipeline Product Segment is Expected to Add Approximately 1,000 Km of Pipeline Length Till 2023.
8.3 Gas
8.3.1 Increase in Demand for Safe, Economic, and Reliable Connectivity is Expected to Boost the Gas Pipeline Segment
8.4 Refined Products
8.4.1 Americas Held the Largest Share in Refined Product Segment

9 Pipeline Integrity Market, By Region

10 Competitive Landscape
10.1 Introduction
10.2 Market Share Analysis
10.3 Competitive Scenario
10.3.1 New Product Launches
10.3.2 Contracts & Agreements
10.3.3 Mergers & Acquisitions
10.3.4 Investments & Expansions
10.3.5 Others
10.4 Competitive Leadership Mapping
10.4.1 Visionary Leaders
10.4.2 Innovators
10.4.3 Dynamic
10.4.4 Emerging

11 Company Prolfles
11.1 Rosen
11.2 Baker Hughes, A GE Company
11.3 NDT Global
11.4 T.D. Williamson
11.5 SGS
11.6 Applus
11.7 Altus Intervention
11.8 Enermech
11.9 Intertek
11.10 IKM Gruppen
11.11 Lin Scan
11.12 Quest Integrity Group
11.13 Dacon Inspection Technologies
11.14 Schneider Electric
11.15 Emerson

For more information about this report visit https://www.researchandmarkets.com/r/bordel

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Related Topics: Pipelines

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