Aug 11, 2017   SOURCE: BusinessWire

Pipeline Monitoring Systems Market by Pipe - Global Opportunity Analysis and Industry Forecast, 2017-2023 - Research and Markets

The "Pipeline Monitoring Systems Market by Pipe - Global Opportunity Analysis and Industry Forecast, 2017-2023" report has been added to Research and Markets' offering.

The global pipeline monitoring systems market was valued at $4,514 million in 2016, and is expected to reach $7,371 million by 2023, registering a CAGR of 7.5% from 2017 to 2023.

Pipeline monitoring systems are used to provide quick and accurate on-line monitoring of internal & external corrosion activities in pipelines.

The pipeline monitoring systems market growth is driven by the increased oil & gas leakages, stringent government regulations concerning safety & monitoring, and growth in prevention of large storage tanks from natural disasters.

In addition, high investments made in pipeline infrastructure are expected to propel the pipeline monitoring systems market growth. However, political instability is expected to hamper the pipeline monitoring systems market growth.

Pipeline monitoring systems are used to collect samples without production of hazardous waste and thus take precautionary measures for both onshore and offshore oil fields.

The global pipeline monitoring systems market is segmented on the basis of pipe, technology, end user, and geography. Based on pipe type, itis bifurcated into metallic and non-metallic pipe.

By technology, itis categorized into ultrasonic testing, pipeline inspection gauges (PIGs), smart ball, magnetic flux leakage technology, and others.

The pipeline monitoring systems market is analyzed across four regions, namely, North America, Europe, Asia-Pacific, and LAMEA. North America is expected to dominate the global market during the analysis period, due to the presence of large number of pipeline networks.

Key Topics Covered:

Chapter 1 Introduction

Chapter 2 Executive Summary

Chapter 3 Market Overview

Chapter 4 Pipeline Monitoring Systems Market, By Pipe

Chapter 5 Pipeline Monitoring Systems Market, By Technology

Chapter 6 Pipeline Monitoring Systems Market, By End User

Chapter 7 Pipeline Monitoring Systems Market, By Geography

Chapter 8 Company Profiles

Companies Mentioned

  • Orbcomm Inc.
  • Transcanada Company
  • PSI AG
  • Pure Technologies
  • Honeywell International Inc.
  • Siemens AG
  • Huawei Technologies Co. Ltd.
  • BAE Systems, Inc.
  • Pentair PLC.

For more information about this report visit https://www.researchandmarkets.com/research/jppzfp/pipeline