7.1% CAGR for Pipeline Monitoring Systems Market to 2026 - Global Manufacturers, Industry Size, Applications, Opportunity and Forecast

(EstateNewsWire.com, January 11, 2019 ) North American market accounted for the largest share of total market of pipeline monitoring systems, in terms of value, followed by Europe. However, the Asia-Pacific region is projected to grow at the fastest rate than Europe in the pipeline monitoring systems market from 2016 to 2026.

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Pipeline monitoring systems market size estimated to grow from USD 4.13 Billion in 2015 to USD 8.72 Billion by 2026, at a CAGR of 7.1% from 2016 to 2026. Base year considered for study 2015 & market size projected from 2016 to 2026. Report aims at estimating market size & future growth potential of pipeline monitoring systems market across different segments like pipe type, application, technology, end-use industry, and region.

The Pipeline monitoring systems market is growing as it is a single system that detects small leaks or damages securely & reliably while simultaneously monitoring for third-party interference and other external pipeline threats to prevent leaks altogether.

Pervious value chain includes raw material manufacturers like LafargeHolcim (Switzerland), CEMEX, S.A.B. de C.V. (Mexico), CRH plc (Ireland), and BASF SE (Germany). Further products manufactured by these companies are used for infrastructural construction projects. Infrastructural sector comprises construction of low-volume pavements, low traffic roads & driveways, pathways & sidewalks, parking areas, low water crossings, patios, swimming pool decks, & pavement edge drains.

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Pipeline monitoring market report has been segmented on basis of technology, pipe type, application, end-use industry, & region. Ultrasonic technology projected to be fastest-growing segment in pipeline monitoring systems market during forecast period. There is a growth in demand for ultrasonic technology in pipeline monitoring systems sector as it is preferred by major oil & gas companies to detect small & large leakages.

Global market of pipeline monitoring systems dominated by players like Siemens AG (Germany), Honeywell International Inc. (U.S.), BAE Systems (U.K.), Perma Pipes (U.S.), Transcanada (Canada), PSI AG (Germany), Pure Technology (Canada), Orbcomm Inc. (U.S.), Huawei (China), & Pentair PLC. (U.K.), Atmos International (U.K.), Clampon AS (Norway), ABB Group (Switzerland), Future Fibre Technologies (Australia), Senstar Inc. (Canada), Syrinix (U.K.), Radiobarrier (Russia), TTK (France), Krohne Group (Germany), and Thales Group (France).

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Key Target Audience
• Raw material and manufacturing equipment suppliers
• Semiconductor foundries
• Original equipment manufacturers (OEMs) (end-user application or electronic product manufacturers)
• Product manufacturers
• Original device manufacturers (ODMs) and OEM technology solution providers
• Research organizations
• Technology standard organizations, forums, alliances, and associations
• Technology investors
• Government, financial institutions, and investor communities
• Analysts and strategic business planners
• End users

Markets in developing countries such as China, India, Japan, Australia, and countries in the Middle East are projected to grow at a higher rate from 2016 to 2026. This is because of the high population in these country, along with new pipelines under construction, which will increase the demand for pipeline monitoring systems.

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