Energia
Pipeline Network Market Worth $12.3 Billion by 2024 - Exclusive Report by MarketsandMarkets™
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Operation management and control solutions remotely monitor pipeline operations and their performance. These solutions follow government regulations and compliance requirements related to the pipeline infrastructure and are integrated with advanced Information and Communications Technology (ICT) technologies to gain real-time control on ongoing pipeline operations. The growing demand for a transparent, real-time view of complex pipeline operations for effective pipeline transportation is one of the major factors driving the demand for operation management and control solutions in the Pipeline Network Market.
Pipeline leak detection is one of the major pipeline monitoring applications and is required to inspect cracks, leaks, and holes in the walls of the pipeline infrastructure. Incidents of liquid or gas spill are increasing day-by-day and a huge amount of liquid or gas can be released in the surrounding environment, which is hazardous to animals that live in the vicinity of the accident location. Liquid and gas companies look forward to avoid financial and human losses, due to pipeline leakage accidents; thereby, these companies adopt pipeline leakage management solutions. A growing need to avoid the loss of a significant amount of crude oil and gas due to pipeline leakage is a major growth factor for this segment.
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Climate change and a demand for low carbon fuels aids the demand for natural gas across all sectors, especially power generation. An extremely extensive and elaborate transportation system is required for natural gas to be moved from the production end to the consumption end. Transportation systems consist of a complex network of pipelines designed to quickly and efficiently transport natural gas from its origin to areas of high natural gas demand. Hence, the growing demand for natural gas consumption for power generation to drive the demand for pipeline network management solutions in the natural gas end-user industry.
The US and Canada are contributing to the growth of the Pipeline Network Market in North America . Oil and gas companies, government bodies, and environmental agencies in the region are focused on preventing oil spills and gas leaks, which is one of the important addressable factors as the number of pipelines has increased in the US and Canada . This compels oil and gas companies to adopt pipeline network management solutions. Moreover, the presence of key vendors, such as Honeywell (US), GE (US) , Emerson (US), Rockwell Automation (US), Cisco Systems (US), ORBCOMM (US), and Pure Technologies ( Canada ), in the region drives the growth of the Pipeline Network Market in North America .
Major vendors in the include Huawei (China) , ABB ( Switzerland ), Siemens ( Germany ), Hitachi ( Japan ), Schneider Electric ( France ), PSI Software ( Germany ), Honeywell (US), GE (US) , Wipro ( India ), Emerson (US), Cisco Systems (US), Rockwell Automation (US), Moxa ( Taiwan ), ORBCOMM (US), OptaSense (UK), Pure Technologies ( Canada ), Necon Group ( Qatar ), Sensornet (UK), Open Access Technology International (US), and KROHNE Group ( Germany ).
by Technology and Solution (Pipeline Monitoring Systems, Secure Communication, Perimeter Intrusion Detection, SCADA for Pipelines, Intrusion Control Systems Security), Service, Vertical, and Region - Global Forecast to 2021
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