Pipeline Integrity Management Market Report by Sector (Crude Oil, Gas), Service Type (Inspection Services, Cleaning Services, Repair and Refurbishment Services), Location of Deployment (Onshore, Offshore), and Region 2024-2032
The global pipeline integrity management market size reached US$ 10.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 13.7 Billion by 2032, exhibiting a growth rate (CAGR) of 3.18% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 10.3 Billion
Market Forecast in 2032
US$ 13.7 Billion
Market Growth Rate 2024-2032
3.18%
Pipeline integrity management (PIM) is a system comprising surveillance cameras and sensors, fiber-optic cables, and temperature sensors that checks for leakages and prevents hazards. It helps in pressure testing and evaluating pipeline discontinuities and soil conditions. It also enables operators to determine the time of failure depending on the corrosion rate and places on a pipeline that are most susceptible to corrosion. As a result, it is used to address different aspects, including health, safety, and environment (HSE), engineering, inspection, maintenance, and other branches of pipeline labor.
Pipeline Integrity Management Market Trends:
There is a significant expansion of the oil and gas pipeline network on account of the rising migration of people from rural to urban areas and consequently surging energy requirements across the globe. This represents one of the key factors driving the market. Moreover, governments of several countries are implementing stringent regulations to ensure maximum safety, smooth operations and timely check of pipelines to avoid mishappenings, such as leakages and accidents. This, along with the rising construction of natural gas pipelines as they emit less harmful emissions compared with gasoline and coal, is positively influencing the market. In addition, there is a considerable increase in pipeline infrastructure development to increase the reliability of the pipeline. This, coupled with the growing utilization of PIM solutions to share real-time information of pipeline networks to control rooms, is contributing to the growth of the market. Furthermore, key market players are launching digital integrity management systems that help keep individual pipeline records traceable, complete, and verifiable. These players are also focusing on mergers and acquisitions (M&A) and collaborations to enhance their product quality, which is projected to increase their overall profitability.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global pipeline integrity managementmarket report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on sector, service type and location of deployment.
Breakup by Sector:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Crude Oil
Gas
Breakup by Service Type:
Inspection Services
Cleaning Services
Repair and Refurbishment Services
Breakup by Location of Deployment:
Onshore
Offshore
Breakup by Region:
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North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aker Solutions ASA, Baker Hughes Company, Bureau Veritas, DNV AS, Emerson Electric Co., Enbridge Inc., Infosys Limited, MATCOR Inc. (Brand Industrial Services Inc.), Pembina Pipeline Corporation, SGS S.A., Shawcor Ltd., T. D. Williamson Inc. and TÜV Rheinland.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
US$ Billion
Segment Coverage
Sector, Service Type, Location of Deployment, 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
Aker Solutions ASA, Baker Hughes Company, Bureau Veritas, DNV AS, Emerson Electric Co., Enbridge Inc., Infosys Limited, MATCOR Inc. (Brand Industrial Services Inc.), Pembina Pipeline Corporation, SGS S.A., Shawcor Ltd., T. D. Williamson Inc. and TÜV Rheinland.
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 3899
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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)
Key Questions Answered in This Report
The global pipeline integrity management market was valued at US$ 10.3 Billion in 2023.
We expect the global pipeline integrity management market to exhibit a CAGR of 3.18% during 2024-2032.
The rising demand for PIM solutions to share real-time information of pipeline networks to control rooms, along with the introduction of digital integrity management systems that help to keep individual pipeline records traceable, complete, and verifiable, is primarily driving the global pipeline integrity management market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of various end-use industries for pipeline integrity management.
Based on the sector, the global pipeline integrity management market can be segmented into crude oil and gas. Currently, gas holds the majority of the total market share.
Based on the service type, the global pipeline integrity management market has been divided into inspection services, cleaning services, and repair and refurbishment services. Among these, repair and refurbishment services currently exhibit a clear dominance in the market.
Based on the location of deployment, the global pipeline integrity management market can be categorized into onshore and offshore. Currently, onshore accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global pipeline integrity management market include Aker Solutions ASA, Baker Hughes Company, Bureau Veritas, DNV AS, Emerson Electric Co., Enbridge Inc., Infosys Limited, MATCOR Inc. (Brand Industrial Services Inc.), Pembina Pipeline Corporation, SGS S.A., Shawcor Ltd., T. D. Williamson Inc., and TÜV Rheinland.
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