Market Snapshot:
Pipeline integrity refers to the method of ensuring a pipeline and all its related components are running properly. This is done to in order to confirm that the pipeline which is built is safe, reliable and sustainable. Pipeline engineers are responsible for the construction, operation and maintenance of pipelines. The demand for pipeline integrity is expected to grow in the forecasted period owing to the growing demand for oil & gas, rising investments in pipeline infrastructure and advancement in the field of integrity management. Moreover, rising demand from the downstream operations, development of shale gas & synthetic natural gas coupled with rising investments in research & development are expected to propel the demand.
Highlights from Pipeline Integrity Market Study
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
The key Manufacturers profiled in the report are Rosen (Switzerland), GE Company (United States), Schneider Electric (France), Altus Intervention (Malaysia), Emerson (United States), Intertek (United Kingdom), Applus (Spain), SGS (Switzerland), NDT Global (Germany), T.D. Williamson (United States), Enermech (United Kingdom), IKM Gruppen (Norway) and Lin Scan (UAE). Additionally, other players that are part of this comprehensive study are Quest Integrity (United States), Yokogawa Electric Corporation (Japan), Fluor Corporation (United States), Technip FMC PLC (United Kingdom) and Dacon Inspection Technologies (Thailand).
Geographic Breakdown and Segment Analysis
The Global Pipeline Integrity market presents a comprehensive analysis of the Pipeline Integrity market by end-user/application (Oil- Gas Industry and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Pipeline Integrity industry. Investors and Manufacturers can easily understand the inherent opportunities and challenges for their products in geographical region of interest. For instance, while the North America holds majority of market share of the Pipeline Integrity market
Analyst at AMA have segmented the market study of Global Pipeline Integrity market by Type, Application and Region.
Influencing Trend:
Development and Innovation in Pipe Integration
Market Growth Drivers:
Increased Government and Regulation for Pipeline Assessment, Rise in Concern Over Environmental Impact and Safety of Pipeline and Energy Infrastructure and Focus Towards Remote Management of Oil & Gas Pipeline for Process Optimization & Automation
Challenges:
Delays in Issuing a Permit By Statutory Government Bodies
Restraints:
Difficulty in Pipeline Assessment
Opportunities:
Emergence of the Digital Twin Technology in Pipeline Operation and Introduction of Big Data Analytics Would Increase the Scope of Pipeline Monitoring System
Market Developments Activities:
In August 2018, Applus is a leading engineering company that provides designing, testing, engineering and homologation services to the automotive industry, acquired Technical Inspection Services Ltd to strengthen its testing services in the UK.
In February 2019, NDT Global that provides ultrasonic pipeline inspection and data analysis services for onshore and offshore pipeline introduced Evo Eclipse UCx technology, which can accurately identify size tilts and skewed cracks. In addition, in September 2018, Rosen launched its New Digital Integrity Management Solution (NIMA), which helps in taking accurate decisions related to pipeline integrity as it keeps individual pipeline records traceable, complete, and verifiable. Also, it is a platform that allows autonomous definition and modification of integrity management processes.
Regulatory Insights:
The Pipeline and Hazardous Materials Safety Administration (PHMSA) issued a rule to improve regulations for hazardous liquid pipelines. It formed new compliance requirements for system operators and owners envisioned to sustain pipe integrity and to prevent leak accidents.
Competition among existing players is due to the stiff market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Clear ice makers.
Key Target Audience
Pipeline Integrity Management Service Providers, Organizations, Forums And Alliances Related To Pipeline Integrity Management, Midstream Companies, Government Bodies Such As Regulating Authorities And Policy Makers and Market Research And Consulting Firms