Global IoT Market in Pipeline Management 2017-2021

Overview of the global IoT market in pipeline management 

Technavio's market research study identifies the adoption of integrated solutions for pipelines to be one of the primary growth factors for the IoT market in pipeline management. Influenced by numerous factors political and environmental factors, regulations, and technological advancements, the pipeline industry is witnessing major transformation. Advancements in automation and communication technology help end user industries overcome problems associated with regulations and infrastructure security. The adoption of integrated solutions will aid in ensuring high productivity, reduce life cycle costs, and secure ROI. This in turn, will induce operators to adopt IoT solutions to connect multiple facets of pipeline management and subsequently enable hassle-free operations. According to our market research analysts, this market will grow steadily at a CAGR of more than 12% by 2021.

The usage of drone for pipeline monitoring is identified to be one of the key trends contributing towards the growth of the IoT market in pipeline management during the next few years. Drones are increasingly used by the end-user industries to monitor their pipelines and report a leakage, blockage, and uneven distribution. Additionally, IoT also in pipeline design and route selection and also helps in the distribution and maintenance of pipelines and related equipment. However, the adoption of IoT technology requires large investments from end user industries. This will induce industries concerned only about leakages and thefts use drones since they are cost-effective. This will subsequently demand the need for IoT solutions for pipeline monitoring since they enable in optimally recording, storing, and analyzing the data generated by drones under a single platform.

Competitive landscape and key vendors

The IoT market in pipeline management is characterized with the presence of few key vendors. The international players account for the major market shares. Vendors are identified based on the products and services offered to their end-users. The high growth potential of the pipeline management platform market will encourage new players offering advanced IoT software to enter the market.

The leading vendors in the market are -

• Cisco

• Schneider Electric

• Sierra Wireless

• TELUS

The other prominent vendors in the market are Leica Geosystems, Yokogawa, Aerotech, and AMETEK.

Segmentation by application and analysis of the IoT market in pipeline management 

• Asset monitoring

• Predictive maintenance

• Leakage detection

• Remote monitoring

The internet of things (IoT) enabled smart asset monitoring helps in monitoring and analyzing the performance of mobile assets, stationary assets, on-field assets, and on-premise assets. With the implementation of IoT in pipeline management, asset monitoring requires minimum human intervention and increases the accuracy of processes, reduces cost, minimizes routine checks, and improves compliance with regulations.

Segmentation by end user and analysis of the IoT market in pipeline management

• Oil and gas

• Petrochemicals

• Water and wastewater

The oil and gas industry is increasingly adopting IoT in pipeline management to enhance the efficiency of monitoring and distribution of oil and natural gas in pipelines and to reduce the cost of transportation. The increasing need for natural gas in industrial and commercial sectors and the steady demand for crude oil will contribute to the growth of the pipeline management platform market in this end user segment.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?

• What are the key factors driving the global IoT market in pipeline management?

• What are the key market trends impacting the growth of the global IoT market in pipeline management?

• What are the challenges to market growth?

• Who are the key vendors in the global IoT market in pipeline management?

• What are the market opportunities and threats faced by the vendors in the global IoT market in pipeline management?

• Trending factors influencing the market shares of the Americas, APAC, and EMEA.

• What are the key outcomes of the five forces analysis of the global IoT market in pipeline management?

Technavio also offers customization on reports based on specific client requirement.

This upcoming market research report on the global IoT market in pipeline management offers insights into the factors influencing the growth of the industrial automation industry. Technavio's analysts follow a scrupulous data collection methodology and offer insights into the fast growing sector such as automation.

Furthermore, to precisely predict the growth of the market, our industry experts carry out extensive primary and secondary research. To gain valuable insights into the key drivers and trends, our analysts follow techniques such as vendor briefings, interview with industry experts along with webinars and podcasts. By accessing the demand-supply landscape of several markets within the automation sector, our market research experts present a detailed report on the global IoT market in pipeline management.

This report on the IoT market in pipeline management also cover vendors such as Cisco, Sierra Wireless, and Schneider Electric. Furthermore, to offer clients the scope to identify key markets and gain a competitive advantage in niche markets, our market research experts provide insights into various geographies such as the Americas, APAC, and EMEA.

This upcoming industry research report on the global IoT market in pipeline management categorizes the key drivers, prominent trends, along with the major challenges witnessed by the automation sector. The report on the market also aims at helping clients gain insights into the changing vendor landscape, competitive scenario, and offers in-depth assessments of market segments such as robotics.

Our market research methodology for the IoT market in pipeline management

Technavio also offers clients the possibility to customize every report to suit their specific requirements and offers impressive discounts on all upcoming reports and future purchases.