PIPELINE MONITORING SYSTEMS MARKET– TOP KEY PLAYER AND MARKET TRENDS pipeline monitoring system_PDF | Page 4

Pipeline monitoring system Market Research Report- Forecast to 2023
Market Research Analysis:
Based on technology, the ultrasonic testing segment is expected to dominate the market owing to its
increased use by the oil and gas companies for detecting the small and large leakages. The small ball
technology is also expected to grow and the growth of this technology can be attributed to the effective
utilization of these balls through pipelines with long inspection capability from single deployment.
On the basis of application, the leak detection segment is expected to grow at the highest CAGR owing to
the increase in focus on improving the control over pipeline infrastructure and automation of the process
for improving the productivity, which would enable the monitoring of conditions of assets and alert the
authorities in case of unauthorized events. The increase in investments by the oil & gas companies in
pipeline monitoring infrastructures and safe transportation of the material through it is also fuelling the
growth of the leak detection systems in the market.
Page | 4
Copyright © 2018 Market Research Future.