Pipeline Monitoring System Market Analysis

Global Pipeline Monitoring System Market Overview:

Pipeline Monitoring System Market Size was valued at USD 9.1 Billion in 2023. The Pipeline Monitoring System market industry is projected to grow from USD 9.81 Billion in 2024 to USD 16.7 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.88% during the forecast period (2024 - 2032). Increased growth of the pipeline infrastructure and rising demand for the metallic pipelines are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Pipeline Monitoring System Market Trends

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  Growth of the infrastructure for pipelines is driving the market growth

  
  

Market CAGR for pipeline monitoring systems is driven by the rising growth of the pipeline infrastructure. The expansion of oil and gas consumption in most major countries has significantly expanded the pipeline system. The installation of pipelines for the distribution and transportation of oil and gas products has covered various regions and hundreds of km. The need for pipeline monitoring systems has expanded due to the size of the pipeline networks. 

To detect leaks in pipeline systems, pipeline systems, pipeline firms employ sophisticated sensors and monitoring equipment. Businesses focus on deploying physical security solutions, including aerial and ground monitoring and video surveillance, to protect from terrorist attacks and sabotage. Over the anticipated timeframe, expanding pipeline infrastructure will offer monitoring system vendors a lucrative market.

Additionally, the market for pipeline monitoring systems is mostly expanding due to the rising demand for metallic pipes. Additional types of metallic pipes include cast iron, corrugated, copper, stainless steel, aluminum, and pipes made of ductile iron. The end-user industries prefer steel-based pipes because iron-based pipes might rust when exposed to highly oxygenated water steam. 

Compared to non-metallic pipes, metallic pipes are less corrosion-resistant and more heat sensitive. Therefore, during the anticipated time, these advantages and features will further increase the demand for the industry as a whole.As a result, it is anticipated that demand for pipeline monitoring systems will increase throughout the projection period due to rising pipeline leakage and corrosion. Thus, driving the Pipeline Monitoring System market revenue.

Pipeline Monitoring System Market Segment Insights:

Pipeline Monitoring System Pipe Type Insights

The Pipeline Monitoring System market segmentation, based on pipe type, includes metallic, non-metallic, and others. The metallic segment dominated the market, accounting for the maximum market revenue. Metallic pipes are frequently utilized in manufacturing and transportation processes in oil and gas, petrochemical, refinery, and power plants. Utilizing metallic pipes offers greater corrosion, resistance, weldability, and higher yield & tensile strength. 

For instance: stainless steel pipes, alloy steel pipes, duplex stainless steel (DSS) pipes, and carbon steel pipes. These pipes work well for underground and underwater transit because they can withstand high temperatures and pressures.

Pipeline Monitoring System Solution Insights

The Pipeline Monitoring System market segmentation, based on solution, includes leak detection, pipeline break detection, operating conditions and others. The leak detection generated the maximum revenue. In the event of a pipeline breakdown, leak detection technologies automatically notify the operators, allowing them to take rapid action to reduce the duration and volume of the spill.

Pipeline Monitoring System Technology Insights

The Pipeline Monitoring System market segmentation, based on technology, includes ultrasonic, PIGs, smart ball, magnetic flux leakage, fiber optic technology, and others. The magnetic flux generated the maximum revenue due to its effective technique and is highly portable for detecting subsurface cracks.

Furthermore, the smart ball segment is anticipated to be the fastest-growing segment due to its feature of long inspection in a single deployment.

Pipeline Monitoring System End-User Insights

The Pipeline Monitoring System market segmentation, based on end-user, includes crude & refined petroleum, water & wastewater, and others. The crude & refines petroleum segment generated the maximum income due to the rising adoption of pipeline monitoring technologies in the pipeline integrity monitoring system market. 

Additionally, incorporating detection systems minimize environmental footprint and decreases wastage. Moreover, pipeline detection/ monitoring systems have successfully stopped thefts, ruptures and internal leaks, fueling the market’s expansion in the anticipated period.

Figure 1: Pipeline Monitoring System Market by End-User, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Pipeline Monitoring System Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The Asia-Pacific Pipeline Monitoring System market will dominate, owing to the increasing number of pipelines in the region. In addition, the increasing investment in oil & gas exploration activities and investment in the construction of pipelines will boost market growth in this region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Pipeline Monitoring System Market Share By Region 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe's Pipeline Monitoring System market accounts for the second-largest market share due to the rising investment in oil and gas effectively. Further, the German Pipeline Monitoring System market held the largest market share, and the UK Pipeline Monitoring System market was the fastest growing market in the European region.

The North America Pipeline Monitoring System Market is expected to grow at the fastest CAGR from 2023 to 2032 due to the rising investment in oil & gas consideration activities and the construction of pipelines. Moreover, the US Pipeline Monitoring System market held the largest market share, and the Canada Pipeline Monitoring System market was the fastest growing market in North America.

Pipeline Monitoring System Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the Pipeline Monitoring System market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. 

The Pipeline Monitoring System industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Pipeline Monitoring System industry to benefit clients and increase the market sector. In recent years, the Pipeline Monitoring System industry has offered some of the most significant advantages to pipelines. 

Major players in the Pipeline Monitoring System market, including ABB (Switzerland), Emerson (US), Honeywell International (US), Schneider Electric (France), Siemens AG (India), Badger Meter (US), Bentek Systems Ltd. (Canada), General Electric (US), HollySys Automation Technologies (China), Inductive Automation (US), and others, are attempting to increase market demand by investing in research and development operations.

ABB (Switzerland) is a leader in electrification and automation technology, generating a more resource-conserving and sustainable future. The company’s solutions link software and engineering expertise to optimize objects' production, movement, power, and operation. ABB’s 105,000 workers are dedicated to driving breakthroughs that hasten industrial transformation, building on more than 130 years of excellence. 

For Instance: In April 2021, ABB Ltd. publicized the release of HoverGuard, a portable gas leak detection device using cloud-connected unmanned aerial vehicles (UAVs). The UAV-based gas leak detection system delivers precise information on intricate environmental processes that lead to pollution while measuring greenhouse gases like carbon dioxide, methane, and water vapors.

ProFlex is committed to delivering the most recent technologies to improve pipeline operational safety and doing everything in its power to reduce the negative effects such pipeline projects have on the environment and the people who come into touch with it. The company has extensive experience in the oil and gas sector; the company firmly believes that any company that produces oil and gas must also be socially responsible. 

By bridging the gap between technology and commercialization, the company may add value for the consumer. For Instance: In November 2021, ProFlex Technologies and Siemens AG joined hands. AS PART OF THIS COOPERATION, Siemens AG will receive the digital Pipe-Safe leading leak detection system from ProFlex Technologies, which will assist the staff in monitoring the gas, oil, and petrochemical supplies and detecting leaks.

Key Companies in the Pipeline Monitoring System market include

• ABB (Switzerland)


• Emerson (US)


• Honeywell International (US)


• Schneider Electric (France)


• Siemens AG (India)


• Badger Meter (US)


• Bentek Systems Ltd. (Canada)


• General Electric (US)


• Hollysys Automation Technologies (China)


• Inductive Automation (US)

Pipeline Monitoring System Industry Developments

June 2021:EuRoPol GAZ S.A. and ABB worked together to improve the security and reliability of all five gas compressor stations in the gas pipeline’s Polish section.

September 2021:Consolidated Contractors Company and Gascool Company awarded Perma-Pipe Egypt a $ 5.0 million contract. Under the terms of the deal, Perma-Pipe Egypt would deliver thermal insulation systems, leak monitoring systems and field joints for district cooling networks. A contract would allow suppliers to work on projects that satisfy Egyptian consumers’ needs better.

February 2021: A service contract was signed by ABB and EuRoPol GAZ S.A., the company in charge of the Polish portion of the Yamal-Europe gas pipeline. Under the conditions of this agreement, Europol GAZ S.A. would increase reliability and security levels for all five gas compressor stations located in the Polish portion of the gas pipeline.

In Dec 2022, Williams announced agreements with Coterra Energy & Dominion Energy Virginia, a natural gas certification process for gathering & transmission deliveries program that has been scheduled to run throughout 2023.

For example, in April 2021, China Oil and Gas Pipeline Network Corporation (PipeChina) began constructing a natural gas trunk line in North China linking up the Power of Siberia project, which is a pipeline transportation system. PipeChina invested $1.3 billion in building the gas pipeline, thereby promoting economic growth and improving air quality.

For instance, ABB Ltd announced in April 2021 the launching of its Mobile Gas Leak Detection System known as HoverGuard which is a cloud-connected Unmanned Aerial Vehicle (UAV)-based system. This UAV-based gas leak detection system measures greenhouse gases such as CO2, methane as well as vapor of water, contributes an accurate response time and provides complex information on environmental processes responsible for pollution.

In May 2021, Huawei and SINO-PIPELINE International entered into a strategic cooperation agreement in Shenzhen.

The merger between TC Energy Corporation (TC Energy) and TC PipeLines, LP (TCP) concluded successfully by March 2021, pursuant to the terms contained in a merger agreement and plan dated December 14th, 2020.

A $5.0 million contract was awarded to Perma-Pipe Egypt by Consolidated Contractors Company and Gascool Company in September 2021. Perma-Pipe Egypt will provide field joints for district cooling networks under this contract along with various services, including leak monitoring systems and thermal insulation systems. Accordingly, suppliers can bid for projects that cater more effectively to Egyptian consumers’ aspirations.

In June 2021, ABB signed a service agreement with EuRoPol GAZ S.A., which owns the Polish section of the Yamal-Europe gas pipeline. According to this cooperation agreement EuRoPol GAZ S.A. will increase reliability and heighten security levels for all five stations at its territory of the gas pipeline, which are gas compressor stations.

In November 2021, ProFlex Technologies partnered with Siemens Energy, a company that offers pipeline operators spontaneous leak detection services. Siemens Energy will be able to use ProFlex Technologies' digital Pipe-Safe leading leak detection technology to help its employees in the oil, gas and petrochemical industries reduce inadvertent product leaks and minimize their environmental impact under this agreement.

Pipeline Monitoring System Market Segmentation:

Pipeline Monitoring System Pipe Type Outlook

• Metallic


• Non-Metallic


• Others

Pipeline Monitoring System Solution Outlook

• Leak Detection


• Pipeline Break Detection


• Operating Condition


• Others

Pipeline Monitoring System Technology Outlook

• Ultrasonic


• PIGs


• Smart Ball


• Magnetic Flux Leakage


• Fiber Optic Technology


• Others

Pipeline Monitoring System End-user Outlook

• Crude & Refined Petroleum


• Water & Wastewater


• Others

Pipeline Monitoring System Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America