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The pipeline integrity management market size is forecast to increase by USD 2.16 billion at a CAGR of 4.5% between 2023 and 2028.
The pipeline integrity management industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The onshore segment is estimated to witness significant growth during the forecast period.
Pipeline integrity is a critical concern for operators as these infrastructure systems are susceptible to various deterioration processes, including corrosion, erosion, and embrittlement, collectively referred to as aging. Additionally, pipelines can fail due to non-age-related damage processes, such as overpressure or third-party tampering. To ensure pipeline safety and regulatory compliance, operators employ pipeline integrity standards, plans, and frameworks. They invest in pipeline integrity solutions and technologies, such as pipeline integrity modeling software, sensors, and data management systems, to optimize pipeline performance and minimize risks. Pipeline integrity engineering plays a vital role in the design, construction, and maintenance phases.
During the conceptual design phase, aerial photography and surface mapping are used to survey onshore pipeline routes to choose the most effective and cost-efficient path with the least environmental impact. Pipeline integrity training equips professionals with the necessary skills to analyze pipeline data and assess risks. Pipeline integrity repair, rehabilitation, and replacement strategies are implemented to address aging infrastructure and prevent potential failures. Corrosion management is a significant focus area, with pipeline integrity consulting services offering expertise in this domain. Automation and innovation are essential in pipeline integrity, with pipeline integrity automation and pipeline integrity tools streamlining processes and enhancing efficiency.
Pipeline integrity regulations mandate regular inspections, assessments, and audits to ensure compliance. Pipeline integrity services provide comprehensive solutions to help operators manage their pipeline integrity lifecycle, from design and construction to maintenance and decommissioning. Pipeline integrity risk is minimized through continuous monitoring and modeling, enabling operators to proactively address potential threats and maintain the reliability and safety of their pipelines.
The Onshore segment was valued at USD 6.36 billion in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 34% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market is witnessing significant growth in North America, particularly in the United States, due to a strong focus on operational efficiency and safety. With one-third of the country's extensive pipeline network dedicated to transporting fossil fuels, and over 210 natural gas conduits operating a vast network for natural gas transportation, pipeline integrity management practices are increasingly being adopted. Pipeline integrity standards and regulations are stringently enforced to ensure safety and prevent pipeline failures. Pipeline integrity plans and solutions are being implemented to mitigate risks, optimize performance, and extend asset life. Pipeline integrity engineering, design, and construction are essential aspects of pipeline infrastructure development.
Pipeline integrity analysis, assessment, sensors, monitoring, modeling, and software are integral tools for maintaining pipeline integrity. Pipeline integrity training, rehabilitation, repair, replacement, and consulting services are crucial for ensuring optimal pipeline performance. Corrosion management and pipeline integrity services play a vital role in preventing pipeline failures and ensuring regulatory compliance. The pipeline integrity lifecycle encompasses various stages, from design and construction to operation and maintenance, requiring continuous attention and investment. Pipeline integrity technologies and innovations are continually evolving to address new challenges and improve pipeline performance.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The pipeline integrity management market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the pipeline integrity management market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, pipeline integrity management market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Aegion Corp - The company specializes in providing pipeline integrity management services, focusing on bacteria management and hydrogen sulfide control, among other solutions.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market encompasses various aspects of ensuring the safety, performance, sustainability, compliance, and cost-effectiveness of pipelines. Pipeline integrity reporting plays a crucial role in documenting and communicating the status of pipeline systems. Pipeline integrity safety is a top priority, with safety incidents leading to significant consequences. Intelligent pigging and non-destructive testing are essential tools for pipeline integrity performance assessment. In-line inspection techniques offer real-time data on pipeline conditions, enhancing reliability. Pipeline integrity budgeting and governance are essential for optimizing resources and ensuring regulatory compliance.
Cybersecurity is an emerging concern in pipeline integrity management, with the increasing digitalization of pipeline operations. Pipeline integrity sustainability is another critical trend, as companies seek to minimize environmental impact and maximize resource efficiency. Pipeline integrity compliance and cost-effectiveness are ongoing challenges, requiring continuous improvement efforts.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Pipeline Integrity Management Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
140 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.5% |
Market growth 2024-2028 |
USD 2163.5 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.2 |
Key countries |
US, China, Russia, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this pipeline integrity management market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Deployment
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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