The Global Pipeline Network Market was valued around at $9Bn in the year 2019 and is projected to reach $xx Bn by the year 2027, growing at a CAGR of almost 8% during the forecast period. The report covers the detailed analysis of the Global Pipeline Network industry with the classifications of the market on the basis of Offerings, Application, Content, End-User Industry, and region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player's contribution in it.
The Pipeline Network is a collection of elements, such as pipes, compressors, valves, pumps, heaters, tanks, regulators, and reservoirs, which are interconnected in a specific way. The network constitutes major bulk carrying of crude oil, water, petroleum products, and natural gas. The behavior of the network is determined by 2 factors – connection of the elements, and their specific characteristics. It can also be said that the pipeline network is a long–distance transportation of a gas or a liquid, through a system of pipes, or a pipeline, specifically to a market area for consumption.
The report has profiled around twenty key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimating the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed and the report has come up with recommendations for a future hot the spot in the APAC region.
Rising Demand for the Advanced Technologies like, Internet of Things (IoT)
Though the oil & gas industry has been quite slow in embracing the use of IoT despite being such a big sector for decades. But with the rising challenges faced in pipeline monitoring, it is noticed that the industry has realized the use of IoT in the various domains, like IoT can help in monitoring operational data from the electric submersible pump, in order to detect the potential failure and automatically stop the pump to prevent any further damage. Hence, with such developments going on in the industry, the demand for the implementation of IoT could be one of the prime reasons that could help in driving the market for the pipeline networks, during the forecast period.
Stringent Government Regulations for Pipeline Safety
With the increased number of oil and gas refineries across the globe, there arises a high risk of oil and gas leaks around the same. Hence, considering various factors of safety related to the public and workforce of the refineries, the governments of various countries are working on framing various regulations in accordance with pipeline transportation across the areas. Therefore, these changes in the policies or regulations over time could act as one of the major factors, hindering the growth of pipeline networks, during the forecast period.
Scope of Global Pipeline Network Market
The market is divided into 5 major segments and further into sub-segments to forecast the market size by value.
Global Pipeline Network Market, By Offering
The Solutions Segment is expected to witness highest market share during the forecast period.
The Solution Segment is expected to grow and have dominance in the market, during the forecast period. This substantial growth of the segment could be attributed to the rising pipeline safety compliance inspections from the regulatory agencies. Also, the increased production of crude oil and natural gas could further support the growth of the segment. The Solutions segment is further segmented into Operation Management and Control, Surveillance and Security, Communication System, and Pipeline Geographic Information System Software.
Global Pipeline Network Market
Global Pipeline Network Market, By Application
• Pipeline Monitoring
• Pipeline Operation Optimization
Pipeline Monitoring Segment is expected to Witness Highest market share during the forecast period.
Rise in the number of oil & gas leaks in production, pipelines, and storage tanks, due to natural disasters and high pressure of pipeline content, is one of the major factor that is driving the growth of this segment. Also, the strict government regulations for pipeline safety and security, and up gradation of pipeline infrastructure are some another factors that could be a reason for the growth of the segment, during the forecast period. The Pipeline Monitoring Segment is further divided into Leak Detection, Pipeline Break Detection, and Operating Condition.
Global Pipeline Network Market, By Content
• Liquid Pipeline
• Gas Pipeline
Global Pipeline Network Market, By End – User Industry
• Crude and Refined Petroleum
• Water and Wastewater
Global Pipeline Network Market1
Global Pipeline Network Market, By Region
• North America
• Middle East& Africa
• South America
North America is expected to Witness Highest Growth in the market during the forecast period.
North America held the largest market share in the global pipeline network in the year 2019. The reason for this is the major focus of various oil & gas industries, which is towards preventing the oil spill and gas leaks, and this acted as one of the major factors due to the rise in the number of pipelines in US and Canada. On the contrary, it is expected that the Asia Pacific will have dominance in the market, during the forecast period, owing to the continuous development of the region. Oil and gas act as important resources for economic development for the region, which is continuously witnessing growth in its infrastructure development of various refineries.
Global Pipeline Network Market2
The objective of the report is to present a comprehensive analysis of the Global Pipeline Network Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Pipeline Network Market dynamics, structure by analyzing the market segments and projects the Global Pipeline Network Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Pipeline Network Market make the report investor’s guide.
Key players operating in Global Pipeline Network Market
• Schneider Electric
• PSI Software
• Cisco Systems
• Rockwell Automation
• Pure Technologies
• Necon Group
• Open Access Technology International
• KROHNE Group
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