The real-time pipeline monitoring market size has grown strongly in recent years. It will grow from $8.81 billion in 2023 to $9.44 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The expansion observed during the historical period can be attributed to adherence to pipeline safety guidelines, a heightened demand for real-time pipeline monitoring, the necessity for advanced monitoring systems, and the drive to identify cost reduction measures.
The real-time pipeline monitoring market size is expected to see strong growth in the next few years. It will grow to $12.56 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The anticipated growth in the forecast period can be attributed to stringent government regulations, the increasing adoption of real-time monitoring solutions, growing environmental awareness, the imperative to mitigate the environmental impact of pipeline incidents, and the rising demand for real-time monitoring technologies. Significant trends expected in the forecast period encompass advancements in technologies such as IoT, big data analytics, and artificial intelligence (AI), product innovation, the development of sophisticated real-time pipeline monitoring solutions, technological advancements geared towards improved accuracy and efficiency.
The projected expansion of pipeline networks worldwide is set to drive the growth of the real-time pipeline monitoring market in the foreseeable future. Pipeline networks are intricate systems of interconnected pipes designed to transport fluids, gases, or other substances from one location to another efficiently. These networks are highly sought-after for their ability to facilitate the cost-effective and reliable distribution of fluids and gases over extensive distances, catering to various industries' needs. Real-time pipeline monitoring is crucial for ensuring the safe and efficient operation of pipeline networks by continuously monitoring key parameters like pressure, flow rates, and temperature. This continuous monitoring helps in detecting and addressing potential issues such as leaks, blockages, or anomalies promptly, thus minimizing downtime and preventing accidents. For example, as of December 2023, the Global Energy Monitor reported a global investment of $193.9 billion in the construction of 69,700 kilometers of gas transmission pipelines, marking an 18% increase from the previous year. The majority of this construction activity, totaling $117.2 billion and comprising 82% of the total, is concentrated in Asia, particularly in China and India. Additionally, plans are underway for the construction of an additional 228,700 kilometers of pipelines, amounting to $723 billion. Therefore, the global expansion of pipeline networks is a driving force behind the growth of the real-time pipeline monitoring market.
Key players in the real-time pipeline monitoring market are placing emphasis on developing cutting-edge solutions, such as drone-based gas leak detection systems, to offer swift, precise, and reliable detection of gas leaks across various applications, including pipelines and remote or inaccessible sites. A drone-based gas leak detection system is capable of detecting, mapping, locating, and quantifying leaks effectively. For instance, in April 2021, ABB Ltd. introduced HoverGuard, which was hailed as the world's fastest and most sensitive drone-based gas leak detection and greenhouse gas measuring system at the time of its launch. This innovative system utilizes cavity-enhanced laser absorption spectroscopy to detect methane with sensitivity over 1,000 times higher and more than 10 times faster than traditional tools, enabling it to cover larger areas efficiently and swiftly.
In September 2023, Preventio GmbH merged with PipePredict GmbH, a move aimed at combining sensorless technology with digital twin solutions to establish a new benchmark in pipeline monitoring. The merger between Preventio and PipePredict is expected to bring significant advantages to real estate and insurance companies, city and water utilities, as well as industrial companies and parks. PipePredict GmbH specializes in live pipeline leak detection technology, offering advanced predictive maintenance solutions for pipeline systems.
Major companies operating in the real-time pipeline monitoring market are Huawei Technologies Co. Ltd., Hitachi Ltd., Siemens AG, General Electric Company, Cisco Systems Inc., Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., Enbridge Inc., ABB Ltd., Toshiba Corporation, Emerson Electric Co., TC Energy Corporation, Wabtec Corporation, Rockwell Automation Inc., Xylem, Atmos Energy Corporation, Yokogawa Electric Corporation, QinetiQ Group plc, Kamstrup AS, ORBCOMM Inc., Perma-Pipe International Holdings Inc., Syrinix Ltd.
North America was the largest region in the real-time pipeline monitoring market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the real-time pipeline monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the real-time pipeline monitoring market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Real-time pipeline monitoring refers to an extensive array of technologies, processes, and tools devised to continually monitor different facets of a pipeline network or infrastructure in real-time. It analyzes data from diverse sources to offer immediate insights into the condition, performance, and integrity of industrial pipelines, enabling prompt detection and response to any anomalies or incidents.
The primary technologies employed in real-time pipeline monitoring encompass pipeline inspection gauges (PIGs), smart balls, acoustic sensors, fiber optic technology, mass volume meters, light detection and ranging (LIDAR), vapor sensors, among others. Pipeline Inspection Gauges (PIGs) are specialized devices utilized for inspecting and maintaining pipelines, ensuring integrity, cleanliness, and safety. These devices cater to various types of pipes including metallic, non-metallic, and others, serving multiple purposes such as leak detection, operational condition assessment, and pipeline break detection. Real-time pipeline monitoring finds application across various industries including oil and gas, water and wastewater management, among others.
The real-time pipeline monitoring research report is one of a series of new reports that provides real-time pipeline monitoring market statistics, including the real-time pipeline monitoring industry's global market size, regional shares, competitors with a real-time pipeline monitoring market share, detailed real-time pipeline monitoring market segments, market trends and opportunities, and any further data you may need to thrive in the real-time pipeline monitoring industry. This real-time pipeline monitoring market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The real-time pipeline monitoring market consists of revenues earned by entities by subscription-based services, consulting, custom development, and integration services. The market value includes the value of related goods sold by the service provider or included within the service offering. The real-time pipeline monitoring market also includes sales of sensors, data acquisition devices, and communication equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The real-time pipeline monitoring market size is expected to see strong growth in the next few years. It will grow to $12.56 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The anticipated growth in the forecast period can be attributed to stringent government regulations, the increasing adoption of real-time monitoring solutions, growing environmental awareness, the imperative to mitigate the environmental impact of pipeline incidents, and the rising demand for real-time monitoring technologies. Significant trends expected in the forecast period encompass advancements in technologies such as IoT, big data analytics, and artificial intelligence (AI), product innovation, the development of sophisticated real-time pipeline monitoring solutions, technological advancements geared towards improved accuracy and efficiency.
The projected expansion of pipeline networks worldwide is set to drive the growth of the real-time pipeline monitoring market in the foreseeable future. Pipeline networks are intricate systems of interconnected pipes designed to transport fluids, gases, or other substances from one location to another efficiently. These networks are highly sought-after for their ability to facilitate the cost-effective and reliable distribution of fluids and gases over extensive distances, catering to various industries' needs. Real-time pipeline monitoring is crucial for ensuring the safe and efficient operation of pipeline networks by continuously monitoring key parameters like pressure, flow rates, and temperature. This continuous monitoring helps in detecting and addressing potential issues such as leaks, blockages, or anomalies promptly, thus minimizing downtime and preventing accidents. For example, as of December 2023, the Global Energy Monitor reported a global investment of $193.9 billion in the construction of 69,700 kilometers of gas transmission pipelines, marking an 18% increase from the previous year. The majority of this construction activity, totaling $117.2 billion and comprising 82% of the total, is concentrated in Asia, particularly in China and India. Additionally, plans are underway for the construction of an additional 228,700 kilometers of pipelines, amounting to $723 billion. Therefore, the global expansion of pipeline networks is a driving force behind the growth of the real-time pipeline monitoring market.
Key players in the real-time pipeline monitoring market are placing emphasis on developing cutting-edge solutions, such as drone-based gas leak detection systems, to offer swift, precise, and reliable detection of gas leaks across various applications, including pipelines and remote or inaccessible sites. A drone-based gas leak detection system is capable of detecting, mapping, locating, and quantifying leaks effectively. For instance, in April 2021, ABB Ltd. introduced HoverGuard, which was hailed as the world's fastest and most sensitive drone-based gas leak detection and greenhouse gas measuring system at the time of its launch. This innovative system utilizes cavity-enhanced laser absorption spectroscopy to detect methane with sensitivity over 1,000 times higher and more than 10 times faster than traditional tools, enabling it to cover larger areas efficiently and swiftly.
In September 2023, Preventio GmbH merged with PipePredict GmbH, a move aimed at combining sensorless technology with digital twin solutions to establish a new benchmark in pipeline monitoring. The merger between Preventio and PipePredict is expected to bring significant advantages to real estate and insurance companies, city and water utilities, as well as industrial companies and parks. PipePredict GmbH specializes in live pipeline leak detection technology, offering advanced predictive maintenance solutions for pipeline systems.
Major companies operating in the real-time pipeline monitoring market are Huawei Technologies Co. Ltd., Hitachi Ltd., Siemens AG, General Electric Company, Cisco Systems Inc., Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., Enbridge Inc., ABB Ltd., Toshiba Corporation, Emerson Electric Co., TC Energy Corporation, Wabtec Corporation, Rockwell Automation Inc., Xylem, Atmos Energy Corporation, Yokogawa Electric Corporation, QinetiQ Group plc, Kamstrup AS, ORBCOMM Inc., Perma-Pipe International Holdings Inc., Syrinix Ltd.
North America was the largest region in the real-time pipeline monitoring market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the real-time pipeline monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the real-time pipeline monitoring market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Real-time pipeline monitoring refers to an extensive array of technologies, processes, and tools devised to continually monitor different facets of a pipeline network or infrastructure in real-time. It analyzes data from diverse sources to offer immediate insights into the condition, performance, and integrity of industrial pipelines, enabling prompt detection and response to any anomalies or incidents.
The primary technologies employed in real-time pipeline monitoring encompass pipeline inspection gauges (PIGs), smart balls, acoustic sensors, fiber optic technology, mass volume meters, light detection and ranging (LIDAR), vapor sensors, among others. Pipeline Inspection Gauges (PIGs) are specialized devices utilized for inspecting and maintaining pipelines, ensuring integrity, cleanliness, and safety. These devices cater to various types of pipes including metallic, non-metallic, and others, serving multiple purposes such as leak detection, operational condition assessment, and pipeline break detection. Real-time pipeline monitoring finds application across various industries including oil and gas, water and wastewater management, among others.
The real-time pipeline monitoring research report is one of a series of new reports that provides real-time pipeline monitoring market statistics, including the real-time pipeline monitoring industry's global market size, regional shares, competitors with a real-time pipeline monitoring market share, detailed real-time pipeline monitoring market segments, market trends and opportunities, and any further data you may need to thrive in the real-time pipeline monitoring industry. This real-time pipeline monitoring market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The real-time pipeline monitoring market consists of revenues earned by entities by subscription-based services, consulting, custom development, and integration services. The market value includes the value of related goods sold by the service provider or included within the service offering. The real-time pipeline monitoring market also includes sales of sensors, data acquisition devices, and communication equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Real-Time Pipeline Monitoring Market Characteristics3. Real-Time Pipeline Monitoring Market Trends and Strategies32. Global Real-Time Pipeline Monitoring Market Competitive Benchmarking33. Global Real-Time Pipeline Monitoring Market Competitive Dashboard34. Key Mergers and Acquisitions in the Real-Time Pipeline Monitoring Market
4. Real-Time Pipeline Monitoring Market - Macro Economic Scenario
5. Global Real-Time Pipeline Monitoring Market Size and Growth
6. Real-Time Pipeline Monitoring Market Segmentation
7. Real-Time Pipeline Monitoring Market Regional and Country Analysis
8. Asia-Pacific Real-Time Pipeline Monitoring Market
9. China Real-Time Pipeline Monitoring Market
10. India Real-Time Pipeline Monitoring Market
11. Japan Real-Time Pipeline Monitoring Market
12. Australia Real-Time Pipeline Monitoring Market
13. Indonesia Real-Time Pipeline Monitoring Market
14. South Korea Real-Time Pipeline Monitoring Market
15. Western Europe Real-Time Pipeline Monitoring Market
16. UK Real-Time Pipeline Monitoring Market
17. Germany Real-Time Pipeline Monitoring Market
18. France Real-Time Pipeline Monitoring Market
19. Italy Real-Time Pipeline Monitoring Market
20. Spain Real-Time Pipeline Monitoring Market
21. Eastern Europe Real-Time Pipeline Monitoring Market
22. Russia Real-Time Pipeline Monitoring Market
23. North America Real-Time Pipeline Monitoring Market
24. USA Real-Time Pipeline Monitoring Market
25. Canada Real-Time Pipeline Monitoring Market
26. South America Real-Time Pipeline Monitoring Market
27. Brazil Real-Time Pipeline Monitoring Market
28. Middle East Real-Time Pipeline Monitoring Market
29. Africa Real-Time Pipeline Monitoring Market
30. Real-Time Pipeline Monitoring Market Competitive Landscape and Company Profiles
31. Real-Time Pipeline Monitoring Market Other Major and Innovative Companies
35. Real-Time Pipeline Monitoring Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Real-Time Pipeline Monitoring Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on real-time pipeline monitoring market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for real-time pipeline monitoring? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The real-time pipeline monitoring market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Technology: Pipeline Inspection Gauges (PIGs); Smart Ball; Acoustic; Fiber Optic Technology; Mass Volume; Light Detection and Ranging (LIDAR); Vapor Sensing; Other Technologies2) by Pipe Type: Metallic; Non-Metallic; Other Pipes
3) by Application: Leak Detection; Operating Condition; Pipeline Break Detection; Other Applications
4) by Industrial Vertical: Oil and Gas; Water and Wastewater; Other Industrial Verticals
Key Companies Mentioned: Huawei Technologies Co. Ltd.; Hitachi Ltd.; Siemens AG; General Electric Company; Cisco Systems Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Huawei Technologies Co. Ltd.
- Hitachi Ltd.
- Siemens AG
- General Electric Company
- Cisco Systems Inc.
- Mitsubishi Electric Corporation
- Schneider Electric SE
- Honeywell International Inc.
- Enbridge Inc.
- ABB Ltd.
- Toshiba Corporation
- Emerson Electric Co.
- TC Energy Corporation
- Wabtec Corporation
- Rockwell Automation Inc.
- Xylem
- Atmos Energy Corporation
- Yokogawa Electric Corporation
- QinetiQ Group plc
- Kamstrup AS
- ORBCOMM Inc.
- Perma-Pipe International Holdings Inc.
- Syrinix Ltd.
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | June 2024 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value ( USD | $ 9.44 Billion |
| Forecasted Market Value ( USD | $ 12.56 Billion |
| Compound Annual Growth Rate | 7.4% |
| Regions Covered | Global |
