Pipeline Integrity Management Market by Deployment and Geography - Forecast and Analysis 2022-2026

The pipeline integrity management market share is expected to increase by USD 2.08 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.36%.

This pipeline integrity management 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 pipeline integrity management market segmentation by deployment (onshore and offshore) and geography (North America, APAC, Europe, Middle East and Africa, and South America). The pipeline integrity management market report also offers information on several market vendors, including Aegion Corp., Aker Solutions ASA, Audubon Field Soluons LLC, Baker Hughes Co., Brand Industrial Services Inc., Emerson Electric Co., Fluor Corp., General Electric Co., Halliburton Co., Infosys Ltd., Intertek Group Plc, Pembina Pipeline Corp., SGS SA, Shawcor Ltd., T.D. Williamson Inc., TechnipFMC Plc, TUV Rheinland AG, TWI Ltd., Yokogawa Electric Corp., and Bureau Veritas among others.

What will the Pipeline Integrity Management Market Size be During the Forecast Period?

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Pipeline Integrity Management Market: Key Drivers, Trends, and Challenges

The stringent regulations is notably driving the pipeline integrity management market growth, although factors such as renewable energy awareness 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 pipeline integrity management industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Pipeline Integrity Management Market Driver

One of the key factors driving the global pipeline integrity management market growth is the stringent regulations as the increasing mishaps in the oil and gas industry threaten aquatic life and humans. Thus, governments from numerous nations are enforcing stringent laws to guarantee the safety of marine life. These rules encourage the use of pipeline integrity management systems, boosting the worldwide pipeline integrity management industry. Regular inspections and tests extend the life of pipelines and preserve their structural integrity. In addition, regular inspection helps to reduce the expense of pipeline maintenance. The increasing strain on the control increases the adoption of pipeline integrity management, which is expected to drive the growth of the market in focus during the forecast period.

Key Pipeline Integrity Management Market Trend

Another key factor driving the global pipeline integrity management market growth is the increase in the trade of oil and gas. The oil and gas trade between nations has flourished in the recent decade, as each nation's energy consumption has increased. This has led to an increase in the installation of offshore pipelines to transport crude oil and natural gas. For instance, large producers such as Russia, the United States, Kuwait, Saudi Arabia, and others meet the oil needs of several nations such as China and India. This tendency is projected to continue in the next years as the population of nations increases. Uch factors will result in an increase in the number of transmission pipes for commerce between nations to meet the energy requirements across the world, which will further support the market growth during the forecast period.

Key Pipeline Integrity Management Market Challenge

One of the key challenges to the global pipeline integrity management market growth is the increase in awareness about renewable energy. One of the most serious risks to the pipeline integrity management industry is using renewable energy sources like solar and wind. Because of their environmental and economic benefits, the growing usage of these sources will eventually minimize the requirement for oil and gas. This will have a significant impact on oil and gas output, limiting market expansion. For instance, by the end of 2023, Brazil hopes to have 42.5 percent of its primary energy supply from renewable sources. In addition, according to the quick carbon analysis, the UK government's goal for 2025 is to have 50% of its power come from renewable sources. Such initiatives are expected to limit the market growth during the forecast period.

This pipeline integrity management 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 2022-2026.

Parent Market Analysis

Technavio categorizes the global pipeline integrity management market as a part of the global oil field equipment and services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the pipeline integrity management market during the forecast period.

Who are the Major Pipeline Integrity Management Market Vendors?

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

 

• Aegion Corp.
• Aker Solutions ASA
• Audubon Field Soluons LLC
• Baker Hughes Co.
• Brand Industrial Services Inc.
• Emerson Electric Co.
• Fluor Corp.
• General Electric Co.
• Halliburton Co.
• Infosys Ltd.
• Intertek Group Plc
• Pembina Pipeline Corp.
• SGS SA
• Shawcor Ltd.
• T.D. Williamson Inc.
• TechnipFMC Plc
• TUV Rheinland AG
• TWI Ltd.
• Yokogawa Electric Corp.
• Bureau Veritas

 

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

Product Insights and News

General Electric Co.

• The company is a public company headquartered in the US. It is a global company generating USD 79,619 million in revenues and has around 174,000 employees. Its revenue from the global pipeline integrity management market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company.
• The company offers asset integrity management such as risk-based inspection, inspection management, and others.

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 pipeline integrity management market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Pipeline Integrity Management Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the pipeline integrity management market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Pipeline Integrity Management Market?

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35% of the market's growth will originate from APAC during the forecast period. China and Russia are the key markets for pipeline integrity management in APAC. Market growth in this region will be faster than the growth of the market in other regions.

North America is another potential market for pipeline integrity management. The significant increase in the investment in pipeline zones will facilitate the pipeline integrity management market growth in North America 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.

COVID Impact and Recovery Analysis

After the emergence of the COVID-19 pandemic in 2020, several governments imposed instituted strict lockdowns to stop the spread. Individual movement and commercial operations involving products and services have been halted due to lockdowns. As a result, there has been a significant oil accumulation in storage. As pipeline integrity management systems control all phases of the pipeline life cycle downstream (oil exploration), midstream (oil storage and transport), and upstream (oil refining), the unprecedented decline in demand has created a negative impact on upstream operations and is hampering the global pipeline integrity management market.

What are the Revenue-generating Deployment Segments in the Pipeline Integrity Management Market?

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The pipeline integrity management market share growth by the onshore segment will be significant during the forecast period. Pipeline operators make proper use of technological developments (for example, in fault assessment and repair procedures) to keep the risk of pipeline failure as low as practically possible. Such facilities by vendors and the significant increase in investments in onshore projects will facilitate the market growth through this segment in the coming years.

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

 

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Pipeline Integrity Management Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 4.36%
Market growth 2022-2026	$ 2.08 billion
Market structure	Fragmented
YoY growth (%)	3.81
Regional analysis	North America, APAC, Europe, Middle East and Africa, and South America
Performing market contribution	APAC at 35%
Key consumer countries	US, Canada, China, Russia, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Aegion Corp., Aker Solutions ASA, Audubon Field Soluons LLC, Baker Hughes Co., Brand Industrial Services Inc., Emerson Electric Co., Fluor Corp., General Electric Co., Halliburton Co., Infosys Ltd., Intertek Group Plc, Pembina Pipeline Corp., SGS SA, Shawcor Ltd., T.D. Williamson Inc., TechnipFMC Plc, TUV Rheinland AG, TWI Ltd., Yokogawa Electric Corp., and Bureau Veritas
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 forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Pipeline Integrity Management Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive pipeline integrity management market growth during the next five years
• Precise estimation of the pipeline integrity management market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the pipeline integrity management industry across North America, APAC, Europe, Middle East and Africa, 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 pipeline integrity management market vendors

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