What is the present valuation and projected CAGR of the real-time pipeline monitoring market?
The real-time pipeline monitoring market size has grown strongly in recent years. It will grow from $9.44 billion in 2024 to $10.17 billion in 2025 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to adherence to guidelines for pipeline safety, increased demand for real-time pipeline monitoring, need for advanced monitoring systems, and demand to identify cost reduction measures.
The real-time pipeline monitoring market size is expected to see strong growth in the next few years. It will grow to $13.49 billion in 2029 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to stringent government regulations, the adoption of real-time monitoring solutions, growing environmental awareness, need to mitigate the environmental impact of pipeline incidents, and increasing demand for real-time monitoring technologies. Major trends in the forecast period include advancement of technologies such as IoT, big data analytics, and artificial intelligence (AI), product innovation, development of sophisticated real-time pipeline monitoring solutions, technological advancements, technology for improved accuracy and efficiency.
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Which Market drivers have played a significant role in driving the real-time pipeline monitoring market?
The expansion of pipeline networks globally is expected to propel the growth of the real-time pipeline monitoring market going forward. Pipeline networks refer to interconnected systems of pipes designed to transport fluids, gases, or other substances from one location to another. Pipeline networks are in demand due to their ability to efficiently transport fluids and gases over long distances, offering a cost-effective and reliable means of distribution for several industries. Pipeline networks use real-time pipeline monitoring to ensure safe and efficient operation by continuously monitoring parameters such as pressure, flow rates, and temperature, thereby detecting and addressing potential leaks, blockages, or other issues promptly to prevent accidents and minimize downtime. For instance, in December 2023, according to the Global Energy Monitor, a US-based non-governmental organization, there are currently 69,700 kilometers of gas transmission pipelines being built globally, costing $193.9 billion, an 18% increase from last year. Asia leads with 82% of construction, totaling $117.2 billion, largely contributed by China and India. Furthermore, there are plans for an additional 228,700 kilometers of pipelines, amounting to $723 billion. Therefore, the expansion of pipeline networks globally is driving the growth of the real-time pipeline monitoring market.
What are the key segments within the real-time pipeline monitoring market?
The real-time pipeline monitoring market covered in this report is segmented –
1) By Technology: Pipeline Inspection Gauges (PIGs), Smart Ball, Acoustic, Fiber Optic Technology, Mass Volume, Light Detection And Ranging (LIDAR), Vapor Sensing, Other Technologies
2) By Pipe Type: Metallic, Non-Metallic, Other Pipes
3) By Application: Leak Detection, Operating Condition, Pipeline Break Detection, Other Applications
4) By Industrial Vertical: Oil And Gas, Water And Wastewater, Other Industrial Verticals
Subsegments:
1) By Pipeline Inspection Gauges (Pigs): Magnetic Flux Leakage (MFL) Pigs, Ultrasonic Pigs, Eddy Current Pigs
2) By Smart Ball: Battery-Powered Smart Ball, Gas Leak Detection Smart Ball, Pipeline Integrity Smart Ball
3) By Acoustic: Acoustic Emission Technology, Ultrasonic Acoustic Monitoring, Acoustic Leak Detection
4) By Fiber Optic Technology: Distributed Temperature Sensing (DTS), Distributed Acoustic Sensing (DAS), Fiber Optic Pressure Sensors
5) By Mass Volume: Mass Flow Measurement, Volume Flow Monitoring Systems
6) By Light Detection And Ranging (LIDAR): Lidar For Pipeline Inspection, Lidar For Topography And Mapping
7) By Vapor Sensing: Gas Vapor Detection Systems, VOC (Volatile Organic Compound) Sensors
8) By Other Technologies: Remote Sensing Technologies, Drone-Based Monitoring Systems
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Which key players are shaping the real-time pipeline monitoring market?
Major companies operating in the real-time pipeline monitoring market report are Huawei Technologies Co. Ltd.; Hitachi Ltd.; Siemens AG; General Electric Company; Cisco Systems Inc.; Mitsubishi Electric Corporation; Schneider Electric SE; Honeywell International Inc.; Enbridge Inc.; ABB Ltd.; Toshiba Corporation; Emerson Electric Co.; TC Energy Corporation; Wabtec Corporation; Rockwell Automation Inc.; Xylem; Atmos Energy Corporation; Yokogawa Electric Corporation; QinetiQ Group plc; Kamstrup AS; ORBCOMM Inc.; Perma-Pipe International Holdings Inc.; Syrinix Ltd.
Which transformative trends will shape the real-time pipeline monitoring market landscape?
Major companies operating in the real-time pipeline monitoring market are focusing on developing technologically advanced solutions such as camera with high frame rate of 150 frames per second. For real-time pipeline monitoring, a camera with a high frame rate such as 150 frames per second (fps) can provide precise, rapid capture of events, which is essential for identifying fast-moving issues or changes in flow and ensuring timely responses. For instance, in February 2024, Process Vision Ltd, a UK-based manufacturer of electronic industrial process control equipment, launched the LineVu camera. The new LineVu camera features real-time, high-resolution color imaging with high frame rates and includes automatic alarms for contamination detection that operate 24/7. It has thermal performance capabilities between 30°C (86°F) and 55°C (131°F). This advanced visual clarity allows for precise identification of contamination in gas pipelines. The camera can be easily mounted to the pipeline using a flanged (3” #900 RTJ) connection, with options for threaded (1” NPT) or other flange connections through adaptors.
How do regional factors impact the real-time pipeline monitoring market, and which region is the largest contributor?
North America was the largest region in the real-time pipeline monitoring market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the real-time pipeline monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Real-Time Pipeline Monitoring Market Report 2025 Offer?
The real-time pipeline monitoring market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Real-time pipeline monitoring refers to a comprehensive set of technologies, processes, and tools designed to continuously monitor various aspects of a pipeline network or infrastructure in real-time. It analyzes data from various sources to provide instant insights into the status, performance, and integrity of industrial pipelines, enabling timely detection and response to any anomalies or incidents.
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