The Global Pipeline Monitoring System Market Size Is Projected To Reach Approximately USD 13,749.90 Million By 2030, at a CAGR Of 7.80% From 2023 To 2030.

Pipeline Monitoring System Market Overview

The growth of the pipeline monitoring system market is due to the fact that more pipelines are being put in place around the world to move and distribute oil and gas. More and more pipelines are leaking because of corrosion, which increases the need for pipeline monitoring systems. Oil and gas companies are quickly putting in place monitoring systems to cut down on waste, reduce their impact on the environment, and make sure everyone is safe.

With better pipeline infrastructure, the use of leak detection systems has made sure of safety, feasibility, real-time analysis, and better performance. The installation of monitoring and detection systems for pipelines has also cut down on geohazards, thefts, internal leaks, and ruptures. Also, the growth of the market is being helped by the use of pigging technology in both new and old pipelines. With pigging, you can do things like maintenance, cleaning, inspection, cleaning, measuring, and testing the pipeline.

Pipeline monitoring systems are used to find corrosion, flow blockages, and liquid buildups, as well as to collect samples for risk and bacteriological control programmes. Most of the time, pipeline monitoring systems are used in plants and refineries, refined products, wet gas and crude pipelines, water and waste water, offshore platforms, and pipeline terminals. The monitoring and detection systems keep track of internal corrosion, gases, fluids, and oil contamination in a very accurate way and in real time.

Developing technologies in pipeline infrastructure, such as Human Machine Interface (HMI), Distributed Vibration Sensing (DVS)/Distributed Acoustic Sensing (DAS), Distributed Temperature Sensing (DTS), and Programmable Logic Controller (PLC), have improved the ability to monitor downstream processes, as well as the interface software and detection algorithms. The growth of the market has been greatly helped by the fact that monitoring systems are getting better at using technology.

Market Dynamics

Market Drivers

Pipeline infrastructure has grown a lot because oil and gas use in most major countries has gone up. Pipelines are put in place in many different places and over many hundreds of kilometres to move oil and gas products. Because there are so many pipelines, more technologies are needed to keep track of their condition. To find leaks in pipeline systems, companies use high-tech sensors and monitoring tools. To protect pipelines from terrorist attacks and sabotage, Scada pipeline monitoring companies are putting in place physical security measures like aerial and ground monitoring and video surveillance.

Market Restraints

Pipeline companies have been afraid to use cyber and network security solutions for a long time because they need to be more open and understandable. Also, IT organisations didn't have many network security solutions, and most solutions were only shown in small groups. This makes it hard for people who run pipelines to choose the right systems for monitoring pipeline networks. IT security companies also need help persuading operators that physical and network monitoring systems are important. A big problem for monitoring solution providers in the oil and gas industry is that operators need to know more about monitoring systems and are afraid to use them.

Market Opportunities

Pipeline Monitoring System market growth will be boosted even more by the introduction of solutions that use new technology. Several leaders have been coming up with cutting-edge technological solutions to make it easier for O&G giants to find lead. For example, Hifi HDS just came out with a brand-new app for managing pipeline pigs. Aside from proactive pipeline leak detection, the business also offers other commercial applications that add value.

Segment Overview

Technology Insights

In 2021, the acoustic/ultrasonic segment brought in the most money, 24.6%, and is expected to grow at a CAGR of over 6% over the next five years. Using high-frequency sound waves and noise patterns, acoustic and ultrasonic monitoring technology can find the location of a leak or flaw in a wide range of pipelines. It uses acoustic emission sensors that are usually based on changes in the pattern of background noise. An acoustic detection device can find leaks by telling the difference between the sounds of a leak and the sounds of normal water flow. This will help the market grow in the coming year. But acoustic monitoring technology can't find small leaks that don't add to the background noise or make it louder.

During the forecast period, the LiDAR segment is expected to grow at the fastest rate, with a CAGR of 10%. LiDAR is an optical technology that uses a pulsed laser that is sent from a transmitter as a light source. For making a distance map, a system receiver/detector and the time of flight (TOF) are used to keep an eye on the laser light that objects reflect back. LiDAR works as a rangefinder to figure out how far away an object is by figuring out how much light it absorbs, scatters, or sends back out. When this technology is combined with pipeline monitoring systems, a reliable scanning method can be used to prevent oil contamination, leaks, and corrosion in the pipeline. Because of these LiDAR benefits, pipeline monitoring systems are becoming more and more popular.

Pipe Type Insights

In 2021, metallic pipeline monitoring systems made up 77.6% of the market. During the forecast period, they are expected to grow at the fastest CAGR of over 8%. Pipes made of metal are used a lot in oil and gas, petrochemical, refinery, and power plants to make things and move them.

Metal pipes, like alloy steel pipes, stainless steel pipes, carbon steel pipes, and duplex stainless steel (DSS) pipes, have a high resistance to corrosion, can be welded, and have a higher yield and tensile strength. These pipes are great for transporting things underwater or underground. They can handle high pressure and temperatures and work better when they are connected to pipeline monitoring systems. Because these pipes are cheap and don't need much maintenance, more and more people are using them.

Application Insight

The leak detection segment accounted for 44.1% of the total market's revenue in 2021, and it is expected to grow at a CAGR of over 7% over the next five years. Pipeline operators can make their leak detection programmes work better with the help of the leak detection solutions. The leak detection solutions automatically notify the operators if a pipeline fails, so they can take action right away to limit the length and amount of the spill.

The operators use leak detection systems that use volume & mass balance metre in, volume & mass balance metre out, combination rate of change, simple rate of change, and computational monitoring systems to provide real-time analysis through land-based and aerial surveillance of pipelines that carry oil & gas products. For smaller leaks, volume and mass balance solutions are used, while rate of change and computational monitoring systems are better for finding larger leaks.

The leak detection methods listed above compare the mass and volume at the point of origin and the point of destination to find upsets or possible leaks. Checking the pipeline's operating parameters, such as density, flow, temperature, and pressure, can help find any possible leaks or upsets.

During the forecast period, the pipeline break detection segment is expected to grow at a CAGR of around 8%. Pipeline break detection systems can find sudden breaks in water, oil, and gas mains and transmission pipelines. Pipeline break detection systems measure the pressure and timing of the waves to find pipeline breaks. When a pipe breaks, it sends out huge waves of low pressure in both directions away from the break.

The sudden break's transient gives an idea of how big and where the break is. The pipe breaks cost a lot because they damage the infrastructure, cost a lot to fix, and stop service. Also, finding a break can be hard and take a long time, depending on whether the break is internal or external and what kind of pipeline it is (underwater or underground). Because of these worries, pipeline operators are more likely to install an pipeline break detection system, which helps the segment grow.

Industry Vertical Insight

The oil and gas segment led the market as a whole, with 68.6% of the market's revenue in 2021. It is expected to grow at a CAGR of over 8% during the forecast period. The crude oil, natural gas, biogas fuels, petroleum, and refineries are all part of the oil and gas segment. In the oil and gas industry, a pipeline is the main form of transportation. To make sure it is safe and prevent accidents, manufacturers are putting in place pipeline monitoring systems. Also, using detection systems reduces the impact on the environment, cuts down on waste, and gives real-time analysis that makes it easy to find errors and fix them quickly.

Also, pipeline detection and monitoring systems have effectively stopped leaks, thefts, and ruptures, which will help the market, grow in the coming year. Also, new technologies like PIGs, smart balls, acoustic/ultrasonic, magnetic flux leakage technology, fibre optic technology, mass volume/balance, LiDAR, and vapour sensing in both old and new pipelines are helping the market grow. Leak detection solutions have had a slow but steady effect on the growth of the market.

Regional Analysis

The Pipeline Monitoring System Market Report says that in 2021, North America had a large share of the market. North America has been one of the biggest markets for pipeline monitoring systems for a long time. This is because oil and gas exploration and production are growing, which increases the need for pipeline monitoring technologies. Because there are more pipelines in the US, Canada, and Mexico, oil and gas companies, government agencies, and environmental groups are working to stop oil spills, gas leaks, and other accidents.

In 2021, Europe was the region with the most growth. Growing investments in oil and gas have a big impact on the growth of the Pipeline Monitoring System market in the region. The European Union (EU) depends a lot on natural gas from other countries. In the past, there have been severe gas cuts, which were mostly caused by the technical complexity of the high-pressure natural gas system and political instability in some of the supplier countries.

Scope Analysis:

Recent Developments

• In May 2021, Huawei and SINO-PIPELINE International entered into a strategic cooperation agreement in Shenzhen. SINO-PIPELINE International is expected to offer sophisticated business capabilities and resources, while Huawei is expected to provide leading ICT technology and professional personnel. The ultimate objective of the agreement is to establish a long-term strategic relationship. Together, the businesses are expected to utilize digital transformation to foster collaboration on projects such as intelligent pipeline networks, assisting SINO-PIPELINE International in its goal of becoming a world-class global corporation by 2030.
• In March 2021, TC Energy Corporation (TC Energy) and TC PipeLines, LP (TCP) completed the merger pursuant to an agreement and plan of merger dated December 14, 2020. As a result of this merger, TC Energy is expected to acquire all of the outstanding publicly held common units of TCP and become an indirect, wholly-owned subsidiary of TC Energy.
• In June 2019, PERMA-PIPE International Holdings announced the establishment of a new subsidiary, Perma-Pipe Egypt and is in the process of establishing a new production facility in Beni Suef, south of Cairo. This expansion was undertaken to meet the rising demand for the company’s containment piping and leak detection systems in Egypt.
• In March 2019, Siemens equipped 29 gas turbines with remote diagnostic services for Gail India Limited across the Hazira-Vijaipur-Jagdishpur (HVJ) pipeline and the Vijaipur C2/C3 Plant.
• In March 2018, Honeywell undertook technology-oriented acquisitions with Ortloff Engineers, Ltd., which develops highly proprietary technology that enables maximum separation of gas and gas liquids. The company continues to seek acquisition opportunities but is expected to maintain the valuation discipline.

Market Segmentation

This portion of the study on the Pipeline Monitoring System Market gives detailed data on the segments at the country and regional level, thereby aiding the strategist in determining the target demographics for the relevant product or service and the impending opportunities.

By Technology

• PIGs
• Smart Ball
• Acoustic/Ultrasonic
• Magnetic Flux Leakage Technology
• Fiber Optic Technology
• Mass Volume/Balance
• LIDAR
• Vapor Sensing
• Others

By Pipe Type

• Metallic
• Non-metallic
• Others

By Application

• Leak Detection
• Operating Condition
• Pipeline Break Detection
• Others

By Industry Vertical

• Oil & Gas
• Water & Wastewater
• Others

By Companies

• ABB Ltd.
• Emerson Electric Co.
• Generic Electric Co.
• Honeywell International Inc.
• Huawei Investment and Holding Co. Ltd.
• ORBCOMM Inc.
• QinetiQ Group Plc
• Rockwell Automation Inc.
• Schneider Electric SE
• Siemens AG