Pune, India -- (SBWIRE) -- 01/19/2018 -- Global Pipeline Monitoring System market Information by Type (Metallic, Non-metallic, Concrete pipes, Asbestos cement pipes), by technology (Ultrasonic testing, Smart ball, Magnetic flux leakage technology and others), by Application (Operating Efficiency, Leak Detection, Pipeline Break Detection) and Region - Forecast to 2023

ABB (Switzerland), Emerson (U.S.), Honeywell International (U.S.), Schneider Electric (France), Siemens AG (India), Badger Meter (U.S.), Bentek Systems Ltd. (Canada), General Electric (U.S.), HollySys Automation Technologies (China) and Inductive Automation (U.S.) are some of the prominent players at the forefront of competition in the global pipeline monitoring system market and are profiled in MRFR Analysis.

Global Pipeline Monitoring System Market - Overview

Pipelines are referred to as flow lines which carry fluids in a liquid or gaseous state. The pipelines are laid in harsh and hazardous areas thereby, creating a need for accurate pipeline monitoring systems for the detection of leakages and damages, which may lead to serious ecological and economic consequences.

The pipeline monitoring systems market is expected to witness significant growth as a result of increased number of oil & gas leakages in production, pipelines, and storage tanks due to natural disasters and high pressure along with stringent government regulations for pipeline safety and security and expansion and upgradation of pipelines. The rise in concerns about pipeline security has led to increased expenditure for reliable monitoring networks by oil & gas companies. Furthermore, enhanced adoption of pipelines on a global level is expected to result in increased market size

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Based on all types of pipeline monitoring systems, the market can be segmented as metallic, non-metallic, concrete pipes and asbestos cement pipes. Among these, metallic pipes segment is expected to grow the highest during the forecast period. These pipes are being preferred as compared to other pipe types due to its high strength, irrespective of the liquids that they will carry. Metallic pipes also possess high strength, making them the fastest-growing type of pipe in the pipeline monitoring systems market.

Global Pipeline Monitoring System Market - Competitive Analysis

Characterized by the presence of several well-established along with medium and large players, the global market of pipeline monitoring system appears to be highly competitive. Large players at country level are seen expanding their footprint in the market and are competition well with the mid-sized players. The market is witnessing intensified competition which is expected to get more intensified further during the forecast period.

In 2017, ABB Ability mobile gas leak detection system uses ABB's patented Off-Axis Integrated Cavity Output Spectroscopy (OA-ICOS) technique which has a sensitivity and precision more than 3000 times greater than legacy methods. This enables identification of leaks several hundred feet away from the source. The system consists of ABB's Methane/Ethane Analyzer, a GPS, a sonic anemometer and proprietary leak detection software that presents real-time geospatial maps of multiple gas concentrations in real time. The software's sophisticated leak detection algorithm combines the system's measurements of gas concentrations (CH4, C2H6), local coordinates (GPS) and local wind velocity (sonic anemometer) to estimate the location of the leak. Readings are stored in the device and can be transmitted in real-time to the cloud for centralized monitoring.

Emerson's latest Roxar Downhole Sensor System has been deployed on the Maria field offshore Norway, providing the field's operator Wintershall with improved well integrity monitoring and offshore safety. The Roxar Downhole Sensor System also comes with new advances that enable operators to access online displays and trending of previously unreachable temperature and pressure subsurface data behind the well casing and achieve online integrity verification without any impact on production. The system, that has been tested at 225 degC/437 degF and can withstand pressures of up to 1 380 Bar/20 000 Psi, has already generated significant direct savings for operators, due to reduced testing requirements and more time to focus on production.

Schneider Electric, the leader in digital transformation of energy management and automation, today announced the continued expansion of its cloud platform, Insight, powered by Wonderware Online. A new Insight Performance module provides Overall Equipment Effectiveness (OEE) monitoring, asset utilization analysis and downtime tracking in the cloud. This Software as a Service (SaaS) offering accelerates time-to-value through rapid provisioning and application configuration while reducing on-premise infrastructure and total cost of ownership. This solution offers capabilities such as light-weight applications that are easier to install, configure and maintain, and virtually no on-premises servers or hardware requirement, significantly reducing cost and complexity.

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Global Pipeline Monitoring System Market - Segments

Global Pipeline Monitoring System Market is segmented in to 4 Key dynamics for an easy grasp and enhanced understanding.

Segmentation By Type : Comprises – Metallic, Non-metallic, Concrete pipes, Asbestos cement pipes

Segmentation By Technology : Comprises - Ultrasonic testing, Smart ball, Magnetic flux leakage technology and others

Segmentation By Application : Comprises - Operating Efficiency, Leak Detection, Pipeline Break Detection

Segmentation By Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Global Pipeline Monitoring System Market - Regional Analysis

North America is expected to dominate global pipeline monitoring systems market followed by Europe and Asia-Pacific. The growth in North America region can be attributed to the continuous increase in oil & gas exploration & production activities in the region. The Asia-Pacific region is projected to grow at the highest CAGR due to the existence of developing nations such as India where large number of pipelines are being laid down for the purpose of oil and gas and water transportations across the nations.

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