The global pipeline integrity
market is estimated to progress at 4.34% CAGR during the forecast period. 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.
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
On the basis of service, the global
market has been divided into testing services, inspection services, monitoring
services, and software services. The testing service segment is the largest
segment in the global market as this form of pipeline integrity testing is
required by industry regulations and could involve scheduled compliance,
emergency response for a suspected pipeline leak, and re-qualifying newly
repaired and constructed pipeline.
On the basis of application, the
global market is 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 & gas activities. For
instance, within the US onshore sector, in 2018, the capital expenditure was
USD 45 billion compared to USD 38 billion in 2017. This represented 13.6% rise
in the total investment made in 2018 as compared to 2017.
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).
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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