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.
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).
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.
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
5.6 Value Chain/Supply Chain
Analysis
Continued…
About Market Research Future:
At
Market Research Future (MRFR), we enable our customers to unravel the
complexity of various industries through our Cooked Research Report (CRR),
Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed
Research (CFR), and Market Research & Consulting Services.
Contact:
Market
Research Future
+1
646 845 9312
No comments:
Post a Comment