About Pipeline Integrity
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.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Competition among existing players is due to the stiff market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Clear ice makers. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Pipeline Integrity market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Quest Integrity (United States), Yokogawa Electric Corporation (Japan), Fluor Corporation (United States), Technip FMC PLC (United Kingdom) and Dacon Inspection Technologies (Thailand).
Segmentation Overview
AMA Research has segmented the market of Global Pipeline Integrity market by , Application (Oil- Gas Industry and Others) and Region.
On the basis of geography, the market of Pipeline Integrity has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2022. If we see Market by Service , the sub-segment i.e. Testing will boost the Pipeline Integrity market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Pigging will boost the Pipeline Integrity market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form Type, the sub-segment i.e. Oil will boost the Pipeline Integrity market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Development and Innovation in Pipe Integration
Market Growth Drivers:
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
Challenges:
Delays in Issuing a Permit By Statutory Government Bodies
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
Market Leaders and their expansionary development strategies
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.
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.
Key Target Audience
Pipeline Integrity Management Service Providers, Organizations, Forums And Alliances Related To Pipeline Integrity Management, Midstream Companies, Government Bodies Such As Regulating Authorities And Policy Makers and Market Research And Consulting Firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.