Pipeline Integrity Market 2019 Recent Trends, Emerging Technologies, Segments, Audience, Development, Growth Insights, Opportunity Assessment and Regional Forecast to 2024

Pipeline Integrity Market Research Report Segmented 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 – Global Analysis and Forecast till 2024

Pune, India - July 12, 2019 /MarketersMedia/ —

Global Pipeline Integrity Market Scenario:

Pipeline integrity ensures the proper functioning of pipeline and its auxiliary components. Additionally, it also makes sure that pipelines are designed, built, and operated in a safe, sustainable, and reliable way. The proper design and construction of pipeline integrity system provides safety, prevents corrosion, and comes with advanced technology. The global pipeline integrity market size is projected to reach USD 2.14 Billion by 2024 from an estimated USD 1.80 billion at a 4.34% CAGR from 2019 to 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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Pipeline integrity is a method to ensure the safety and reliance in pipelines and its components. Monitoring and software service of pipeline integrity include monitoring with SCADA systems and detecting invisible hydrocarbon vapors.  Pipeline integrity ensures the proper functioning of pipeline and its auxiliary components. Additionally, it also makes sure that pipelines are designed, built, and operated in a safe, sustainable, and reliable way.

Competitive Dashboard:

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

Global Pipeline Integrity Market Segmentation:

The global Pipeline Integrity Market is segmented on the basis of service, application, product and region.

On the basis of product, the global market is segmented into oil, gas, and refined products. The oil & gas segment is expected to dominate the global pipeline integrity market as pipeline integrity systems are extensively used for locating problems in an oil or gas well. The gas segment is expected to dominate the market as this segment is driven by the availability of shale gas and the rising discovery of liquefied natural gas.

On the basis of application, the global Pipeline Integrity market has been divided into onshore and offshore. The onshore segment is expected to dominate the global pipeline integrity market as oil and gas operators are encouraged to invest in onshore oil and gas activities.

On the basis of service, the global market is segmented as testing services, inspection services, monitoring services, and software services. The testing services segment is expected to dominate the global market during the forecast period as this type of pipeline integrity service is mostly used for pipelines, truck racks, hot pits, loading arms, and secondary containments.

Intended Audience

Raw material suppliers
Oil & gas operators
Government and research organization
Consulting companies in the oil & gas industry
Investors and shareholders

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.

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Table Of Contents

1 Executive Summary

2 Market Introduction

2.1 Market Definition

2.2 Scope Of The Study

2.3 Market Structure

3 Research Methodology

3.1 Primary Research

3.2 Secondary Research

3.3 Market Size Estimation

3.4 Forecast Model

3.5 List Of Assumptions

3.6 Limitations Of The Study

4 Market Insights

5 Market Dynamics

5.1 Introduction

5.2 Market Drivers

5.3 Market Restraints

5.4 Market Opportunities

5.5 Porter’s Five Forces Analysis

5.5.1 Threat Of New Entrants

5.5.2 Bargaining Power Of Buyers

5.5.3 Bargaining Power Of Suppliers

5.5.4 Threat Of Substitutes

5.5.5 Intensity Of Rivalry

5.6 Value Chain/Supply Chain Analysis

Continued……

List Of Tables

Table 1 Global Pipeline Integrity Market, By Region, 2017–2024 (USD Million)

Table 2 North America Pipeline Integrity Market, By Country, 2017–2024 (USD Million)

Table 3 Europe Pipeline Integrity Market, By Country, 2017–2024 (USD Million)

Table 4 Asia-Pacific Pipeline Integrity Market, By Country, 2017–2024 (USD Million)

Table 5 Middle East & Africa Pipeline Integrity Market, By Country, 2017–2024 (USD Million)

Continued….

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