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Pipeline Monitoring Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global pipeline monitoring systems market reached a value of US$ 13.72 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 20.58 Billion by 2027 exhibiting a growth rate (CAGR) of 6.70% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Pipeline monitoring systems refer to solutions that are extensively deployed for evaluating bacteriological control programs and corrosions in pipelines. They usually acquire samples or data without generating hazardous wastes to meet regulating supervising requirements. Pipeline monitoring systems aid in leak detection, analyzing operating conditions, monitoring pipeline networks, and break discovery thereby, eliminating the risk of potential disasters, including explosion and fire. This, in turn, assists in optimizing productivity, improving the production process, increasing asset lifespan, and enhancing safety and compliance. At present, pipeline monitoring systems are commercially available in varying types, such as metallic and non-metallic. 

 

 
 

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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Pipeline Monitoring Systems Market Trends:

The increasing instances of pipe leakages, breaks, corrosion, or cracks, in oil, wastewater, and refined petroleum industries is primarily driving the global pipeline monitoring systems market growth. This is further supported by favorable initiatives being undertaken by the government of various countries to promote disaster management, workplace safety, and meet the working standards, which is further facilitating the widespread adoption of pipeline monitoring systems in the crude and refined petroleum industries. In line with this, the large-scale integration of these systems with pipeline inspection gauges (PIGs), magnetic flux leakage technology, smart ball, and various communication solutions, including human-machine interface (HMI) and supervisory control and data acquisition (SCADA) for performing remote management and conducting efficient operations is acting as another growth-inducing factor. Moreover, the extensive utilization of metallic pipelines in the oil and gas industry as it provides higher strength flexibility, resistance from corrosion, long-term sustainability, and ability to withstand higher pressures is contributing the market growth. Other factors, such as significant investments in research and development (R&D) activities for engineering highly efficient facilities to improve production technology and reduce operating costs, along with the escalating oil and gas exploration activities, are creating a positive outlook for the market. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global pipeline monitoring systems market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on pipe type, technology, application and end use industry.

Breakup by Pipe Type:

  • Metallic Pipe
  • Non-metallic Pipe
     

Breakup by Technology:

 

 
 

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  • Ultrasonic Testing
  • Smart Ball
  • Magnetic Flux Leakage Technology
  • Pipeline Inspection Gauges (PIGs)
  • Others
     

Breakup by Application:

  • Leak Detection
  • Pipeline Break Detection
  • Operating Condition
  • Others
     

Breakup by End Use Industry:

  • Oil and Gas
  • Water and Wastewater
  • Others
     

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 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 Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
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$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
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)

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Pipeline Monitoring Systems Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Pipe Type
    6.1    Metallic Pipe
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Non-metallic Pipe
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Technology
    7.1    Ultrasonic Testing
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Smart Ball
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Magnetic Flux Leakage Technology
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Pipeline Inspection Gauges (PIGs)
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Others
        7.5.1 Market Trends
        7.5.2 Market Forecast
8    Market Breakup by Application
    8.1    Leak Detection
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Pipeline Break Detection
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Operating Condition
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Others
        8.4.1 Market Trends
        8.4.2 Market Forecast
9    Market Breakup by End Use Industry
    9.1    Oil and Gas
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Water and Wastewater
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Others
        9.3.1 Market Trends
        9.3.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    ABB Ltd.
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
           15.3.1.3 Financials
           15.3.1.4 SWOT Analysis
        15.3.2    Honeywell International Inc.
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials
           15.3.2.4 SWOT Analysis
        15.3.3    Huawei Technologies Co. Ltd.
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
        15.3.4    Orbcomm Inc.
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
           15.3.4.3 SWOT Analysis
        15.3.5    Pentair plc
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
           15.3.5.3 Financials
           15.3.5.4 SWOT Analysis
        15.3.6    PERMA-PIPE International Holdings Inc.
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Financials
        15.3.7    PSI Software AG
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials
        15.3.8    Siemens AG
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials
           15.3.8.4 SWOT Analysis
        15.3.9    TC Energy Corporation
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
           15.3.9.3 Financials
           15.3.9.4 SWOT Analysis
        15.3.10    Thales Group
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
           15.3.10.3 Financials
           15.3.10.4 SWOT Analysis
        15.3.11    Xylem Inc. 
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
           15.3.11.3 Financials
           15.3.11.4 SWOT Analysis

List of Figures

Figure 1: Global: Pipeline Monitoring Systems Market: Major Drivers and Challenges
Figure 2: Global: Pipeline Monitoring Systems Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Pipeline Monitoring Systems Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Pipeline Monitoring Systems Market: Breakup by Pipe Type (in %), 2021
Figure 5: Global: Pipeline Monitoring Systems Market: Breakup by Technology (in %), 2021
Figure 6: Global: Pipeline Monitoring Systems Market: Breakup by Application (in %), 2021
Figure 7: Global: Pipeline Monitoring Systems Market: Breakup by End Use Industry (in %), 2021
Figure 8: Global: Pipeline Monitoring Systems Market: Breakup by Region (in %), 2021
Figure 9: Global: Pipeline Monitoring Systems (Metallic Pipe) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Pipeline Monitoring Systems (Metallic Pipe) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Pipeline Monitoring Systems (Non-metallic Pipe) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Pipeline Monitoring Systems (Non-metallic Pipe) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Pipeline Monitoring Systems (Ultrasonic Testing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Pipeline Monitoring Systems (Ultrasonic Testing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Pipeline Monitoring Systems (Smart Ball) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Pipeline Monitoring Systems (Smart Ball) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Pipeline Monitoring Systems (Magnetic Flux Leakage Technology) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Pipeline Monitoring Systems (Magnetic Flux Leakage Technology) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Pipeline Monitoring Systems (Pipeline Inspection Gauges-PIGs) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Pipeline Monitoring Systems (Pipeline Inspection Gauges-PIGs) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Pipeline Monitoring Systems (Other Technologies) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Pipeline Monitoring Systems (Other Technologies) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Pipeline Monitoring Systems (Leak Detection) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Pipeline Monitoring Systems (Leak Detection) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Pipeline Monitoring Systems (Pipeline Break Detection) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Pipeline Monitoring Systems (Pipeline Break Detection) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Pipeline Monitoring Systems (Operating Condition) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Pipeline Monitoring Systems (Operating Condition) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Pipeline Monitoring Systems (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Pipeline Monitoring Systems (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Pipeline Monitoring Systems (Oil and Gas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Pipeline Monitoring Systems (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Pipeline Monitoring Systems (Water and Wastewater) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Pipeline Monitoring Systems (Water and Wastewater) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Pipeline Monitoring Systems (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Pipeline Monitoring Systems (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: North America: Pipeline Monitoring Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: North America: Pipeline Monitoring Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: United States: Pipeline Monitoring Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: United States: Pipeline Monitoring Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Canada: Pipeline Monitoring Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Canada: Pipeline Monitoring Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Asia-Pacific: Pipeline Monitoring Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Asia-Pacific: Pipeline Monitoring Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: China: Pipeline Monitoring Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: China: Pipeline Monitoring Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Japan: Pipeline Monitoring Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Japan: Pipeline Monitoring Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: India: Pipeline Monitoring Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: India: Pipeline Monitoring Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: South Korea: Pipeline Monitoring Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: South Korea: Pipeline Monitoring Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Australia: Pipeline Monitoring Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Australia: Pipeline Monitoring Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Indonesia: Pipeline Monitoring Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Indonesia: Pipeline Monitoring Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Others: Pipeline Monitoring Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Others: Pipeline Monitoring Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Europe: Pipeline Monitoring Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Europe: Pipeline Monitoring Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Germany: Pipeline Monitoring Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Germany: Pipeline Monitoring Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: France: Pipeline Monitoring Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: France: Pipeline Monitoring Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: United Kingdom: Pipeline Monitoring Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: United Kingdom: Pipeline Monitoring Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Italy: Pipeline Monitoring Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Italy: Pipeline Monitoring Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Spain: Pipeline Monitoring Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Spain: Pipeline Monitoring Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Russia: Pipeline Monitoring Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Russia: Pipeline Monitoring Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Others: Pipeline Monitoring Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Others: Pipeline Monitoring Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Latin America: Pipeline Monitoring Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Latin America: Pipeline Monitoring Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Brazil: Pipeline Monitoring Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Brazil: Pipeline Monitoring Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Mexico: Pipeline Monitoring Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Mexico: Pipeline Monitoring Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Others: Pipeline Monitoring Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Others: Pipeline Monitoring Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Middle East and Africa: Pipeline Monitoring Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Middle East and Africa: Pipeline Monitoring Systems Market: Breakup by Country (in %), 2021
Figure 85: Middle East and Africa: Pipeline Monitoring Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Global: Pipeline Monitoring Systems Industry: SWOT Analysis
Figure 87: Global: Pipeline Monitoring Systems Industry: Value Chain Analysis
Figure 88: Global: Pipeline Monitoring Systems Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Pipeline Monitoring Systems Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Pipeline Monitoring Systems Market Forecast: Breakup by Pipe Type (in Million US$), 2022-2027
Table 3: Global: Pipeline Monitoring Systems Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 4: Global: Pipeline Monitoring Systems Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Pipeline Monitoring Systems Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 6: Global: Pipeline Monitoring Systems Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Pipeline Monitoring Systems Market: Competitive Structure
Table 8: Global: Pipeline Monitoring Systems Market: Key Players


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Key Questions Answered in This Report

The global pipeline monitoring systems market was valued at US$ 13.72 Billion in 2021.

We expect the global pipeline monitoring systems market to exhibit a CAGR of 6.70% during 2022-2027.

The rising utilization of pipeline monitoring systems across the oil, wastewater, and refined petroleum
sectors to negate the risk of potential disasters, including explosions and fires, is primarily driving the
global pipeline monitoring systems market.

The sudden outbreak of the COVID-19 pandemic has led to rising integration of pipeline monitoring
systems with numerous communication solutions for remotely detecting leakages, monitoring pipeline
networks, and enhancing safety and compliance.

Based on the pipe type, the global pipeline monitoring systems market has been segmented into
metallic pipe and non-metallic pipe. Currently, metallic pipe holds the majority of the total market
share.

Based on the technology, the global pipeline monitoring systems market can be divided into ultrasonic
testing, smart ball, magnetic flux leakage technology, Pipeline Inspection Gauges (PIGs), and others.
Among these, Pipeline Inspection Gauges (PIGs) currently exhibit a clear dominance in the market.

Based on the application, the global pipeline monitoring systems market has been categorized into leak
detection, pipeline break detection, operating condition, and others. Currently, leak detection accounts
for the majority of the global market share.

Based on the end use industry, the global pipeline monitoring systems market can be segregated into oil
and gas, water and wastewater, and others. Among these, the oil and gas industry holds 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 monitoring systems market include 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.

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