Pipeline Integrity Market Size, Share, Industry Growth, Future Demand 2024

Posted by Anvi on November 22nd, 2019

Pipeline Integrity Market Report: Information, by Service (Testing Services, Inspection Services, Monitoring Services and Software Services), by Application (Onshore and Offshore), by Product (Oil, Gas and Refined Products) and by Region

Pipeline Integrity Market Analysis

The efficiency of pipelines in the oil and gas industry is of utmost importance to curb wastes and prevent accidents caused by leakages. Reports that analyze the energy and power industry has been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. The market is estimated to accomplish a CAGR of 4.34% while earnings revenues worth USD 2.14 Billion by 2024.

During the pipeline integrity process, pipelines are properly examined to detect and verify pipeline defects at any stage. The integrity of pipeline examination comprises the stages of in-line inspection, pressure-test verification, pressure-test verification, material verification, and direct assessment.

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Segmentation

The segmental evaluation of the pipeline integrity market has been segmented on the basis of application, service, product, and region.

On the basis of service, the pipeline integrity market has been segmented into inspection services, monitoring services, testing services, and software services.

Based on the applications, the pipeline integrity market is divided into offshore and onshore.

Based on the product, the pipeline integrity market is segmented into gas, oil, and refined products.

On the basis of regions, the pipeline integrity market is segmented into North America, the Middle East & Africa, Europe, Asia Pacific, and South America.

Regional Analysis

On the basis of region, the global pipeline integrity market has been segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America.

North America holds the largest share in the pipeline integrity market due to increased upstream spending, which would boost the pipeline integrity demand in countries such as the US, Canada, and Mexico. Moreover, increasing development and adoption of unconventional oil and gas production and transportation techniques create growth opportunities for the global pipeline integrity market. For instance, in June 2019, the US Department of Energy invested around USD 30 million in advanced technologies for the discovering and processing   unconventional oil & gas resources. All these factors will boost the demand for pipeline integrity market in the region.

Leading Players

The key players operating in the global pipeline integrity market are Rosen (Switzerland), Baker Hughes, A GE Company (US), T.D. Williamson (US), Applus (Spain), Altus Intervention (Sweden), Enermech (UK), Intertek (UK), IKM Gruppen (Norway), Lin Scan (UAE), Quest Integrity Group (US), Dacon Inspection Technologies (Thailand), Schneider Electric (France), and Emerson (US).

Industry Updates:

July 2019 Halfwave, an in-line oil and gas pipeline inspection technology business has been presented four contract successes for subsea inspection in the opening half of 2019, considering its ROV mounted ARTEMIS tool used on major oilfield projects around the world. The tool, which uses Acoustic Resonance Technology to offer wall thickness review of subsea assets, has been positioned offshore in the Gulf of Mexico by a key multi-national operator.

Scope of the Report

This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios and strategies in the global pipeline integrity market, including high-growth regions and/or countries, and political and economic environments. The project report further provides both – historical market values and pricing & cost analysis

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