Global Pipeline Monitoring Systems Market to Reach US$ 29 Billion by 2032, Propelled by Rising Product Demand from Oil and Gas Sector

April 21, 2023 | Technology & Media

According to the latest report by IMARC Group, titled “­­Pipeline Monitoring Systems Market Report by Pipe Type (Metallic Pipe, Non-metallic Pipe), Technology (Ultrasonic Testing, Smart Ball, Magnetic Flux Leakage Technology, Pipeline Inspection Gauges (PIGs), and Others), Application (Leak Detection, Pipeline Break Detection, Operating Condition, and Others), End Use Industry (Oil and Gas, Water and Wastewater, and Others), and Region 2024-2032,” the global pipeline monitoring systems market size reached US$ 16 Billion in 2023. Pipeline monitoring systems are solutions employed to monitor internal corrosion and bacterial activity in pipelines by continuously examining fluids and gasses under operating conditions. They perform analysis and collect samples or data that enable pipeline operators to locate and recognize threat events, providing a hazard warning system and facilitating early action to prevent loss. Pipeline monitoring systems help examine operating conditions, monitor pipeline networks, discover any breakage, and detect leaks and system failures. Such services eliminate the risk of potential disasters that can result in environmental pollution, explosions, and fire, which can further harm lives, properties, and the ecosystem. In addition to this, pipeline monitoring systems optimize productivity, enhance asset lifespan, improve safety and compliance, and streamline the production process.

Global Pipeline Monitoring Systems Market Trends:

The escalating incidences of pipe leakages, breakage, corrosion, or cracks, across the oil, wastewater, and crude and refined petroleum industries are primarily driving the market growth. Besides this, the implementation of favorable initiatives and guidelines by governments of various countries to promote effective disaster management and workplace safety is facilitating the extensive adoption of pipeline monitoring systems, which is aiding in market expansion. Moreover, significant technological advancements, such as incorporating pipeline inspection gauges (PIGs), smart balls, and magnetic flux leakage technology, are creating a positive outlook for the market. In line with this, the large-scale integration of numerous communication solutions, including human-machine interface (HMI), intelligent video surveillance (IVS), programmable logic controller (PLCs), and supervisory control and data acquisition (SCADA), allowing remote management and operations, is impelling the market growth. In addition to this, the increasing use of metallic pipelines in the oil and gas sector to provide higher strength flexibility, long-term sustainability, and the ability to withstand higher pressures are propelling the market growth. Furthermore, the rising number of oil and gas exploration activities, the rapidly expanding pipeline infrastructure, and extensive funding in highly efficient facilities to enhance production technology and reduce operating costs are presenting remunerative growth opportunities for the market. Looking forward, the market value is projected to reach US$ 29 Billion by 2032, expanding at a CAGR of 6.53% during 2024-2032.

Market Summary:

  • Based on the pipe type, the market has been bifurcated into metallic and non-metallic pipes.
  • On the basis of technology, the market is segregated into ultrasonic testing, smart ball, magnetic flux leakage technology, pipeline inspection gauges (PIGs), and others.
  • Based on application, the market is categorized into leak detection, pipeline break detection, operating condition, and others.
  • On the basis of the end use industry, the market has been classified into oil and gas, water and wastewater, and others.
  • Based on region, the market has been segmented into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the market has also been examined, with some of the key players being ABB Ltd., Honeywell International Inc., Huawei Technologies Co. Ltd., Orbcomm Inc., Pentair plc, PERMA-PIPE International Holdings Inc., PSI Software AG, Siemens AG, TC Energy Corporation, Thales Group and Xylem Inc.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Pipe Type, Technology, Application, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered ABB Ltd., Honeywell International Inc., Huawei Technologies Co. Ltd., Orbcomm Inc., Pentair plc, PERMA-PIPE International Holdings Inc., PSI Software AG, Siemens AG, TC Energy Corporation, Thales Group and Xylem Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

134 N 4th St.
Brooklyn, NY 11249, USA
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Pipeline Monitoring Systems Market to Reach US$ 29 Billion by 2032, Propelled by Rising Product Demand from Oil and Gas Sector
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-714-6104


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More