Pipeline Integrity Management- Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Pipeline Integrity Management Market is growing at a CAGR of 4.1% during the 2018 to 2027. Factors such as, increasing demand for oil and gas, rising investments in pipeline infrastructure and advancements in the field of integrity management is driving the growth of the market. However, the increasing inclination towards marine vessel over subsea pipelines, for the oil and gas trade between nations isolated via ocean, has contrarily affected the demand for the market.
Pipeline Integrity Management (PIM) is the approach of understanding the activities of the pipelines in a protected and reliable manner. Pipeline administrators considering all phases of the pipeline life cycle achieve PIM solutions. It assists to manage the process of securing pipelines from conception to engineering and design, operation, construction, inspection, and up to replacement whenever it is necessary.
Based on location of deployment, onshore segment is expected to have a huge demand in the forecast period due to the increasing number of oil wells at onshore locations. By geography, North America is estimated to have a lucrative growth owing to the growing adoption of the sophisticated pipeline networks coupled with the need for efficient operation and maintenance.
Some of the key players in Global Pipeline Integrity Management market include Bureau Veritas SA, Emerson Electric Co., Infosys Ltd, TUV Rheinland, SGS SA, Baker Hughes Co, MATCOR Inc., T. D. Williamson Inc., TWI Ltd, EnerMech Ltd, Shawcor Ltd., Pembina Pipeline Corporation, Fluor Corporation, Technip FMC PLC, Intertek Group PLC, Aker Solutions ASA, and Yokogawa Electric Corporation.
Service Types Covered:
• Cleaning Services
• Inspection Services
• Repair and Refurbishment Services
Product Types Covered:
• Flow Monitoring
• Vapor Sensing
• Fiber Optic
• Ultraasonic Acoustic
• Cathodic Protection
Location of Deployment Covered:
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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