Pipeline Integrity Market Report: Information, by
Service (Testing Services, Inspection Services, Monitoring Services and
Software Services), by Application (Onshore and Offshore), by Product (Oil, Gas
and Refined Products) and by Region
Pipeline Integrity Market Analysis
The efficiency of pipelines in the oil and gas
industry is of utmost importance to curb wastes and prevent accidents caused by
leakages. Reports that analyze the energy and power industry has been presented
by Market Research Future, which produces reports on industry verticals that
appraise the market expansion and prospects. The market is estimated to accomplish
a CAGR of 4.34% while earnings revenues worth USD 2.14 Billion by 2024.
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.
Segmentation
The segmental evaluation of the pipeline integrity
market has been segmented on the basis of application, service, product, and
region.
On the basis of service, the pipeline integrity market
has been segmented into inspection services, monitoring services, testing
services, and software services.
Based on the applications, the pipeline integrity
market is divided into offshore and onshore.
Based on the product, the pipeline integrity market is
segmented into gas, oil, and refined products.
On the basis of regions, the pipeline integrity market
is segmented into North America, the Middle East & Africa, Europe, Asia Pacific,
and South America.
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).
Industry Updates:
July 2019 Halfwave, an
in-line oil and gas pipeline inspection technology business has been presented
four contract successes for subsea inspection in the opening half of 2019, considering
its ROV mounted ARTEMIS tool used on major oilfield projects around the world.
The tool, which uses Acoustic Resonance Technology to offer wall thickness review
of subsea assets, has been positioned offshore in the Gulf of Mexico by a key
multi-national operator.
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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Research Future
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