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Top Trends in “Pipeline Monitoring System Market to 2024” – Regional Analysis and Company Profiles

The global report titled “Pipeline Monitoring System Market” has been presented by ReportsnReports. It evaluates the key market trends, advantages, and factors that are pushing the overall growth of the market.

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The Pipeline Monitoring System Market size is estimated to grow from USD 4.6 Billion in 2019 to USD 6.5 Billion by 2024, at a compound annual growth rate (CAGR) of 7.1% from 2019 to 2024. This report spread across 178 Pages, Profiling 10 Companies and Supported with XX Tables and XX figures are now available in this research.

 

Top Key Players Profiled in the Pipeline Monitoring System Market:

  • ORBCOMM Inc (Rochelle Park, NJ, U.S.)
  • Transcanada (Calgary, Canada)
  • PSI AG(Berlin, Germany)
  • Pure Technology Ltd. (Calgary, Canada)
  • Honeywell International Inc.(Morris Plains, NJ, US)
  • Perma Pipe Inc. (Niles, U.S)
  • Siemens AG (Munich, Germany)
  • Huawei Technologies Co Ltd. (Shenzhen, China)
  • Bae Systems Inc.(London, U.K.)
  • Pentair plc. (Greater Manchester, U.K.)

 

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The ultrasonic technology segment is projected to dominate the pipeline monitoring system market in 2024. The technology is useful in detecting small and large leakages and is preferred by many oil & gas companies, thus, making it the most widely used pipeline monitoring technology. However, the market for PIG’s is projected to grow at the highest rate through 2024.

 

In 2019, North America is estimated to account for the largest market share of the total pipeline monitoring system market, followed by Asia Pacific and Europe. This is because of the continuous increase in oil & gas exploration & production activities in this region. The Asia Pacific region is projected to grow at the highest CAGR between 2019 and 2024, with China registering the highest growth rate in the region.

 

Breakdown of primary participants’ profile:

  • By Company Type: Tier 1–33%, Tier2– 50%, Tier 3– 17%
  • By Designation: Director Level–33%, ManagerLevel–67%
  • By Region: North America–8%, Europe–17%, AsiaPacific–50%, MEA –17%, Latin America – 8%

 

Competitive Landscape of Pipeline Monitoring System Market:

  1. Introduction
  2. Competitive Scenario

2.1. Mergers & Acquisitions

2.2. Investments & Expansions

2.3. Agreements, Collaborations, Partnerships  & Joint Ventures

2.4. New Product Launches

  1. Competitive Leadership Mapping (Global)

3.1. Innovators

3.2. Visionary Leaders

3.3. Dynamic Differentiators

3.4. Emerging Companies

  1. Strength of Product Portfolio
  2. Business Strategy Excellence

 

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