DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Pipeline Monitoring Solutions Market, 2016 to 2024" report to their offering.
The Global Pipeline Monitoring Solutions Market has been estimated to be valued at US$ 7.7 Bn by the end of 2016, and is expected to reach US$ 12.6 Bn by 2024, expanding at a CAGR of 6.4% from 2016 to 2024.
Global pipeline network is about 3.5 million kilometers used for safe movement of oil & gas product. Pipelines are considered to be the safest and the most efficient mode of transportation of hydrocarbons as the products are hazardous in nature and any spillage or leakage can results in huge loss to the product owner as well as to the environment. Growing demand for fossil fuel coupled with increasing international trade promoting the usage of pipeline infrastructure for the transportation of oil & gas products. Further, recent accident happened in recent past such as explosion in gas pipeline in Minnesota, U.S., and eruption of natural gas pipeline in Nebraska in 2014 has bought in legislation for the pipeline carrying hazardous products to mandatory have pipeline monitoring systems.
Thus, global pipeline monitoring system market is anticipated to driven by factors such as increasing demand for fossil fuels, increasing trade of oil & gas products coupled with growing pipeline infrastructure and associated regulatory policies.
- ABB Group
- BAE Systems
- Future Fiber Technologies
- General Electric
- Honeywell International Inc.
- Huawei Technologies Co. Ltd
- Schneider Electric Se
- Siemens AG
- Senstar, Inc.
Key Topics Covered:
2. Executive Summary
3. Global Pipeline Monitoring Solutions Market Dynamics
4. Market Size (US$ Bn), by Technology & Solutions
5. Market Size (US$ Bn), by Vertical
6. Market Size (US$ Bn), by Services
7. Market Size (US$ Bn), by Geography
8. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/54nfpz/global_pipeline