Oil and Gas Pipeline Monitoring Equipment Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR45272
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The oil and gas pipeline monitoring equipment market share is expected to increase by USD 968.32 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4.50%.

This oil and gas pipeline monitoring equipment market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (hardware components and software systems) and geography (North America, APAC, Europe, MEA, and South America). The oil and gas pipeline monitoring equipment market report also offer information on several market vendors, including ABB Ltd., Emerson Electric Co., General Electric Co., Honeywell International Inc., Huawei Investment and Holding Co. Ltd., ORBCOMM Inc., QinetiQ Group Plc, Rockwell Automation Inc., Schneider Electric SE, and Siemens AG among others.

What will the Oil and Gas Pipeline Monitoring Equipment Market Size be During the Forecast Period?

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Oil and Gas Pipeline Monitoring Equipment Market: Key Drivers and Trends

The developments in cross-border and cross-country pipeline infrastructure are notably driving the oil and gas pipeline monitoring equipment market growth, although factors such as volatility in crude oil prices may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the oil and gas pipeline monitoring equipment industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Oil and Gas Pipeline Monitoring Equipment Market Driver

The rise in cross-border and cross-country pipeline infrastructure is one of the major factors driving oil and gas pipeline monitoring equipment market growth. The need for connecting new exploration sites to refineries and demand centers will continue to increase due to the rising demand for oil and gas. The pipeline network includes cross-country as well as cross-border pipelines. The natural gas Trans-Afghanistan Pipeline or TAPI delivers natural gas extracted in Turkmenistan to the demand centers of Pakistan and India. Similarly, Turkish stream or TurkStream is underway as a cross-border pipeline from Russia to Turkey. The rising number of oil and gas pipeline projects will positively impact the demand for pipeline monitoring equipment and pipeline managing software systems.

Key Oil and Gas Pipeline Monitoring Equipment Market Trend

The development of drone technology, one of the key oil and gas pipeline monitoring equipment market trends, will also influence the growth of this market. Owing to their benefits such as less time and inexpensiveness, drones are used for inspecting pipelines, offshore rigs, and refineries. They will play a significant role in the detection of leaks in the oil and gas industry.

This oil and gas pipeline monitoring equipment market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Oil and Gas Pipeline Monitoring Equipment Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • ABB Ltd.
  • Emerson Electric Co.
  • General Electric Co.
  • Honeywell International Inc.
  • Huawei Investment and Holding Co. Ltd.
  • ORBCOMM Inc.
  • QinetiQ Group Plc
  • Rockwell Automation Inc.
  • Schneider Electric SE
  • Siemens AG

 

This statistical study of the oil and gas pipeline monitoring equipment market encompasses successful business strategies deployed by the key vendors. The oil and gas pipeline monitoring equipment market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The oil and gas pipeline monitoring equipment market forecast report offer in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Oil and Gas Pipeline Monitoring Equipment Market?

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35% of the market’s growth will originate from APAC during the forecast period. China is a key market for oil and gas pipeline monitoring equipment in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The construction of new oil and gas pipeline projects in the region will facilitate the oil and gas pipeline monitoring equipment market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Oil and Gas Pipeline Monitoring Equipment Market?

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The oil and gas pipeline monitoring equipment market share growth by the hardware components segment will be significant during the forecast period. The hardware components segment includes flow meters, pressure sensors, temperature sensors, and control valves that are installed in oil and gas pipelines. Mozambique, Tanzania, offshore pre-salt basins of Brazil, Myanmar offshore, and the South China Sea are some of the new oil and gas exploration potential areas. This will drive the need for pipeline networks to connect fields to onshore terminals and to deliver crude oil to demand centers across countries. Consequently, the installation of pipeline monitoring hardware components will increase in these regions.

This report provides an accurate prediction of the contribution of all the segments to the growth of the oil and gas pipeline monitoring equipment market size and actionable market insights on post COVID-19 impact on each segment.

 

Oil and Gas Pipeline Monitoring Equipment Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4.50%

Market growth 2021-2025

$ 968.32 million

Market structure

Fragmented

YoY growth (%)

3.87

Regional analysis

North America, APAC, Europe, MEA, and South America

Performing market contribution

APAC at 35%

Key consumer countries

US, China, Russian Federation, Canada, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ABB Ltd., Emerson Electric Co., General Electric Co., Honeywell International Inc., Huawei Investment and Holding Co. Ltd., ORBCOMM Inc., QinetiQ Group Plc, Rockwell Automation Inc., Schneider Electric SE, and Siemens AG

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Oil and Gas Pipeline Monitoring Equipment Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive oil and gas pipeline monitoring equipment market growth during the next five years
  • Precise estimation of the oil and gas pipeline monitoring equipment market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the oil and gas pipeline monitoring equipment industry across North America, APAC, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of oil and gas pipeline monitoring equipment market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Hardware components - Market size and forecast 2020-2025
    • Software systems - Market size and forecast 2020-2025
    • Market opportunity by Product

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • ABB Ltd.
      • Emerson Electric Co.
      • General Electric Co.
      • Honeywell International Inc.
      • Huawei Investment and Holding Co. Ltd.
      • ORBCOMM Inc.
      • QinetiQ Group Plc
      • Rockwell Automation Inc.
      • Schneider Electric SE
      • Siemens AG

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The oil and gas pipeline monitoring equipment market market growth will increase by $968.32 million during 2020-2025.
      The oil and gas pipeline monitoring equipment market market is expected to grow at a CAGR of 4.50% during 2020-2025.
      Technavio has segmented the oil and gas pipeline monitoring equipment market market by product (Hardware components and Software systems) and geographic (North America, APAC, Europe, MEA, and South America).
      ABB Ltd., Emerson Electric Co., General Electric Co., Honeywell International Inc., Huawei Investment and Holding Co. Ltd., ORBCOMM Inc., QinetiQ Group Plc, Rockwell Automation Inc., Schneider Electric SE, Siemens AG are a few of the key vendors in the oil and gas pipeline monitoring equipment market market.
      APAC will register the highest growth rate of 34.58% among the other regions. Therefore, the oil and gas pipeline monitoring equipment market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the oil and gas pipeline monitoring equipment market market growth are:
      • Increasing preference for pipeline transportation
      The oil and gas pipeline monitoring equipment market market vendors should focus on grabbing business opportunities from the hardware components segment as it accounted for the largest market share in the base year.
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