Industry Background:
Pipeline integrity refers to the method of ensuring a pipeline and all its related components are running properly. This is done to in order to confirm that the pipeline which is built is safe, reliable and sustainable. Pipeline engineers are responsible for the construction, operation and maintenance of pipelines. The demand for pipeline integrity is expected to grow in the forecasted period owing to the growing demand for oil & gas, rising investments in pipeline infrastructure and advancement in the field of integrity management. Moreover, rising demand from the downstream operations, development of shale gas & synthetic natural gas coupled with rising investments in research & development are expected to propel the demand.
This growth is primarily driven by Increased Government and Regulation for Pipeline Assessment, Rise in Concern Over Environmental Impact and Safety of Pipeline and Energy Infrastructure and Focus Towards Remote Management of Oil & Gas Pipeline for Process Optimization & Automation.
Globally, a noticeable market trend is evident Development and Innovation in Pipe Integration. The Energy & Resources sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Rosen (Switzerland), GE Company (United States), Schneider Electric (France), Altus Intervention (Malaysia), Emerson (United States), Intertek (United Kingdom), Applus (Spain), SGS (Switzerland), NDT Global (Germany), T.D. Williamson (United States), Enermech (United Kingdom), IKM Gruppen (Norway) and Lin Scan (UAE) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In August 2018, Applus is a leading engineering company that provides designing, testing, engineering and homologation services to the automotive industry, acquired Technical Inspection Services Ltd to strengthen its testing services in the UK.
In February 2019, NDT Global that provides ultrasonic pipeline inspection and data analysis services for onshore and offshore pipeline introduced Evo Eclipse UCx technology, which can accurately identify size tilts and skewed cracks. In addition, in September 2018, Rosen launched its New Digital Integrity Management Solution (NIMA), which helps in taking accurate decisions related to pipeline integrity as it keeps individual pipeline records traceable, complete, and verifiable. Also, it is a platform that allows autonomous definition and modification of integrity management processes.
Regulatory Insights:
The Pipeline and Hazardous Materials Safety Administration (PHMSA) issued a rule to improve regulations for hazardous liquid pipelines. It formed new compliance requirements for system operators and owners envisioned to sustain pipe integrity and to prevent leak accidents.
Market Drivers
- Increased Government and Regulation for Pipeline Assessment
- Rise in Concern Over Environmental Impact and Safety of Pipeline and Energy Infrastructure
- Focus Towards Remote Management of Oil & Gas Pipeline for Process Optimization & Automation
Market Trend
- Development and Innovation in Pipe Integration
Restraints
- Difficulty in Pipeline Assessment
Opportunities
Emergence of the Digital Twin Technology in Pipeline Operation and Introduction of Big Data Analytics Would Increase the Scope of Pipeline Monitoring System
Challenges
Delays in Issuing a Permit By Statutory Government Bodies
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Pipeline Integrity Study Sheds Light on
The Pipeline Integrity Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Pipeline Integrity industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Pipeline Integrity industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.