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Theu00a0global pipeline monitoring solutions market size is accounted for around USD 4.5 billion in 2019 and projected to grow at the CAGR of 6.4%u00a0market during the forecast period 2020-2027. Expanding the pipeline network for the transit of oil & gas products along with increased operational complexity due to the growing international trade of hydrocarbons is expected to augment the demand for pipelineu00a0monitoringu00a0solutions. Pipelines are considered as the most efficient and safe mode to transit oil & gas products as the product flows in an isolated environment thereby mitigating the risk during transit. However, lack of monitoring may lead to damage to the pipeline, consequently causing product leakage. Furthermore, favorable regulations of necessary installation of pipeline monitoring systems in the pipeline carrying hazardous products are likely to spur the demand for pipeline monitoring solutions.
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Global Pipeline Monitoring Solutions Market Pipeline Monitoring Solutions Market by Technology,by Vertical, by Services, by Geography, Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027 Know more about this study, request a free sample report @ https://www.researchcorridor.com/request-sample/?id=144580
Global Pipeline Monitoring Solutions Market Market Synopsis: Theglobal pipeline monitoring solutions market size is accounted for around USD 4.5 billion in 2019 and projected to grow at the CAGR of 6.4% market during the forecast period 2020-2027. Expanding the pipeline network for the transit of oil & gas products along with increased operational complexity due to the growing international trade of hydrocarbons is expected to augment the demand for pipeline monitoring solutions. Pipelines are considered as the most efficient and safe mode to transit oil & gas products as the product flows in an isolated environment thereby mitigating the risk during transit. However, lack of monitoring may lead to damage to the pipeline, consequently causing product leakage. Furthermore, favorable regulations of necessary installation of pipeline monitoring systems in the pipeline carrying hazardous products are likely to spur the demand for pipeline monitoring solutions.
Global Pipeline Monitoring Solutions Market Research Methoddolgy:
Global Pipeline Monitoring Solutions Market Global Pipeline Monitoring Solutions Market Segmentation: By Technology & Solutions, 2018–2027 ($ Million) • Perimeter Intrusion Detection • Industrial Control Systems Security (ICS) • Satellite Monitoring and GIS Mapping • Video Surveillance • Leakage Detection • External Threat Detection • Pig Tracking • Integrated Fiber Optic Monitoring
Global Pipeline Monitoring Solutions Market Global Pipeline Monitoring Solutions Market Segmentation: By Vertical, 2018–2027 ($ Million) • Natural Gas • Crude Oil • Petroleum Products (White Oils) • Others By Services, 2018–2027 ($ Million) • Consulting • Risk Management • Repair & Maintenance • Pipeline Integrity Management
Global Pipeline Monitoring Solutions Market Global Pipeline Monitoring Solutions Market Segmentation: By Geography, 2018-2027 ($ Million) • North America • Europe • Asia Pacific • Latin America (LATAM) • Middle East and Africa (MEA)
Global Pipeline Monitoring Solutions Market List of Key Companies: • ABB Group • BAE Systems • Future Fiber Technologies • General Electric • Honeywell International, Inc. • Huawei Technologies Co. Ltd • Radiobarrier • Schneider Electric SE • Siemens AG • Senstar, Inc. • Syrinix • Thales Group
Global Pipeline Monitoring Solutions Market By Region:
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