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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
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
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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