PIPELINE MONITORING SYSTEMS MARKET– TOP KEY PLAYER AND MARKET TRENDS pipeline monitoring system_PDF | Page 3

Pipeline monitoring system Market Research Report- Forecast to 2023
2 Market Overview
The pipeline monitoring system market is expected to be driven by the huge investments in the research
and development of the pipeline monitoring system technology by the oil and gas industries. The increase
in use of electronics and the sensors which will facilitate the monitoring and control of the operating
conditions, thereby reducing the damage from internal factors such as nozzle stress and corrosion are
further expected to contribute to the growth of the market. The pipeline monitoring systems also provide
numerous advantages such as good longevity, cost effectiveness, enhanced reliability, and ease in
maintenance.
The report has analyzed the market based on the three segments: type, technology and application in the
regions of North America, Europe, APAC and rest of the world. On the basis of type it includes Metallic,
Non-metallic, Concrete pipes and Asbestos cement pipes. On basis of technology, the global pipeline
monitoring system market has been segmented as Ultrasonic testing, Smart ball, Magnetic flux leakage
technology and others. Moreover on the basis of application it includes Operating Efficiency, Leak
Detection and Pipeline Break Detection.
Drivers of Global Pipeline Monitoring System market
Increase in the
volume of pipelines
laid
Increasing demand of
monitoring pipeline
performance
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