Pipeline Integrity Market by Product (Gas, Oil, Refined Products), Service (Inspection Services, Monitoring Services, Testing Services), Application, End Use - Global Forecast 2024-2030
Description
Pipeline Integrity Market by Product (Gas, Oil, Refined Products), Service (Inspection Services, Monitoring Services, Testing Services), Application, End Use - Global Forecast 2024-2030
The Pipeline Integrity Market size was estimated at USD 2.64 billion in 2023 and expected to reach USD 2.79 billion in 2024, at a CAGR 6.44% to reach USD 4.08 billion by 2030.
The pipeline integrity encompasses products and services to ensure safe, efficient, and reliable transportation of fluids through pipelines. These fluids include crude oil, natural gas, refined petroleum products, water, and chemicals. Pipeline integrity services are significantly adopted by chemicals, construction, oil & gas power generation industries for the maintenance and inspection of pipelines and to ensure their safe and efficient operation. The increasing energy demand, the need for reliable and safe oil & gas transportation, and the aging infrastructure of existing pipelines significantly boost the market growth. However, the high cost of pipeline integrity services and limited technical expertise make it difficult for the market players to provide high-quality pipeline integrity services in these areas. Furthermore, the development of new sources of natural gas, including shale gas deposits, and the resulting price pressure are increasing the international trade of natural gas and the need for pipeline integrity solutions. The new technological advancements in the market, including in-line inspection tools, drone technology, and advanced corrosion monitoring, are helping pipeline operators improve the safety and efficiency of their operations, reduce downtime, and increase the lifespan of the pipelines.
Regional Insights
The demand and usage of pipeline integrity products are high across North America, Europe, and developed parts of the Middle East and Asia-Pacific. Major proposed and under construction oil & gas projects in the United States, India, China, Russia, Tanzania, Canada, Iran, Kenya, and other countries, including Ridgeline Expansion Project in Tennessee, Driftwood Pipeline expansion in Louisiana, 2,775-km Iran-Pakistan Pipeline, and the 2,655-km Jagdishpur-Haldia-Bokaro-Dhamra Natural Gas Pipeline (JHBDPL) in India to meet the growing demand for energy from manufacturing, metallurgy, and other energy-intensive sectors provide huge opportunities for the pipeline integrity market players. The monetary and resource loss incurred due to leaks and attacks on oil & gas pipelines in economies worldwide has encouraged the regulatory bodies to strengthen pipeline integrity management requirements. Unregulated pipelines are being converted into regulated pipelines with the implementation of expedited reporting requirements and increased cathodic protection requirements. As a result, pipeline operators are working with vendors to reevaluate and upgrade their pipeline networks.
Market Insights
- Market Dynamics
The market dynamics represent an ever-changing landscape of the Pipeline Integrity Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.- Market Drivers
- Expansion of natural gas and city gas distribution pipeline infrastructure
- Increasing offshore activities and high oil & gas consumption
- Government regulations to improve pipeline safety
- Market Restraints
- Issues of reliable record keeping of pipeline systems and limited availability of personnel
- Market Opportunities
- Advancements in the field of pipeline integrity management
- Rising investments in water and chemical industry infrastructures
- Market Challenges
- Concerns related to integrity regulatory compliance
- Market Segmentation Analysis
- Service: Monitoring services gaining traction to ensure the safety of pipeline infrastructure worldwide
- Application: Growing adoption of pipeline integrity services for safer and more economical fluid transportation across onshore areas
- Product: Usage of pipeline integrity services for safe and secure transportation of diverse range of gases
- End Use: Huge investments in oil & gas industries to deploy pipeline integrity solutions
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Pipeline Integrity Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Pipeline Integrity Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments- SLB and Eni Announce Alliance for Vibroacoustic Pipeline Integrity Monitoring and Analysis
SLB and Eni's subsidiary, Enivibes, have formed a strategic alliance to globally deploy their innovative Eni Vibroacoustic Pipeline Monitoring System (e-vpms) technology. This cutting-edge system offers real-time analysis, monitoring, and leak detection for pipelines worldwide. By leveraging SLB's extensive digital expertise and presence in over 100 countries, Enivibes is expected to introduce this proprietary pipeline integrity solution to the international market.
Aegion Announced Acquisition of Proline Vactor Services
Aegion Corporation recently announced the acquisition of Proline Vactor Services, a pipeline integrity company. This union provides Aegion with advanced products and services to aid customers in critical pipeline analysis, cleaning, joint sealing, and other services necessary for pipeline maintenance and compliance. The acquisition allowed Aegion to increase access to customer needs in the U.S. This reinforces the strength of the company’s relationships by providing a comprehensive portfolio of specialty product solutions. These strengths are expected to bring customers optimal expertise in ensuring extended life pipelines and adhering to existing standards.
Enbridge Reports Strong 2022 Financial Results and Advances Strategic Priorities
Pipeline integrity is a critical concern for Enbridge and its customers. The company invested in technologies and processes that provide improved safety, reliability, and operational performance. Enbridge recently introduced the Optimized Corrosion Control System (OCCS) into its pipeline integrity program. This advanced system captures real-time data that can be quickly applied to line growth predictions and other analyses to help mitigate corrosion risk. Furthermore, OCCS helps reduce long-term maintenance costs while improving service continuity and regulatory compliance. With investments in pipeline integrity, Enbridge continues demonstrating its commitment to serving customers safely and reliably with best-in-class assets.
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Pipeline Integrity Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Pipeline Integrity Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Aegion Corporation, Applus+ Group, Asset Integrity Engineering (Fze), Audubon Inspection Solutions LLC, Black Hills Corporation, DNV AS, Dominion Energy, Inc., Emerson Electric Co., ENBRIDGE Inc., EnerMech, Force Technology, General Electric Company, H&M Shared Services, Inc., Hyundai Steel, IKM Gruppen AS, Infosys Limited, Intero Integrity Services B.V., Intertek Group PLC, JAN X-Ray Services, Inc., Larsen & Toubro Infotech Limited, LIN SCAN, Matcor, Inc., NDT Global, NiGen International L.L.C., NW Natural, Pond & Company, ROSEN Swiss AG, Schlumberger Limited, Schneider Electric SE, SGS SA, T.D. Williamson, Inc., Thyssengas GmbH, TÜV Rheinland, and USA DeBusk.
Market Segmentation & Coverage
This research report categorizes the Pipeline Integrity Market to forecast the revenues and analyze trends in each of the following sub-markets:- Product
- Gas
- Oil
- Refined Products
- Service
- Inspection Services
- Monitoring Services
- Testing Services
- Application
- Offshore
- Onshore
- End Use
- Chemicals
- Construction
- Oil & Gas
- Power Generation
- Water & Waste
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year
- Americas
- Market Drivers
Table of Contents
195 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Expansion of natural gas and city gas distribution pipeline infrastructure
- 5.1.1.2. Increasing offshore activities and high oil & gas consumption
- 5.1.1.3. Government regulations to improve pipeline safety
- 5.1.2. Restraints
- 5.1.2.1. Issues of reliable record keeping of pipeline systems and limited availability of personnel
- 5.1.3. Opportunities
- 5.1.3.1. Advancements in the field of pipeline integrity management
- 5.1.3.2. Rising investments in water and chemical industry infrastructures
- 5.1.4. Challenges
- 5.1.4.1. Concerns related to integrity regulatory compliance
- 5.2. Market Segmentation Analysis
- 5.2.1. Service: Monitoring services gaining traction to ensure the safety of pipeline infrastructure worldwide
- 5.2.2. Application: Growing adoption of pipeline integrity services for safer and more economical fluid transportation across onshore areas
- 5.2.3. Product: Usage of pipeline integrity services for safe and secure transportation of diverse range of gases
- 5.2.4. End Use: Huge investments in oil & gas industries to deploy pipeline integrity solutions
- 5.3. Market Trend Analysis
- 5.3.1. Well-established regulatory landscape and expanding scope for pipeline integrity in Americas
- 5.3.2. Developing oil & gas infrastructure networks and improving regulatory frameworks across Asia-Pacific
- 5.3.3. Vast oil & gas reserves and production capacities and increasing commercial applications of pipeline integrity solutions
- 5.4. Cumulative Impact of Russia-Ukraine Conflict
- 5.5. Cumulative Impact of High Inflation
- 5.6. Porter’s Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
- 5.7. Value Chain & Critical Path Analysis
- 5.8. Regulatory Framework Analysis
- 5.9. Client Customization
- 6. Pipeline Integrity Market, by Product
- 6.1. Introduction
- 6.2. Gas
- 6.3. Oil
- 6.4. Refined Products
- 7. Pipeline Integrity Market, by Service
- 7.1. Introduction
- 7.2. Inspection Services
- 7.3. Monitoring Services
- 7.4. Testing Services
- 8. Pipeline Integrity Market, by Application
- 8.1. Introduction
- 8.2. Offshore
- 8.3. Onshore
- 9. Pipeline Integrity Market, by End Use
- 9.1. Introduction
- 9.2. Chemicals
- 9.3. Construction
- 9.4. Oil & Gas
- 9.5. Power Generation
- 9.6. Water & Waste
- 10. Americas Pipeline Integrity Market
- 10.1. Introduction
- 10.2. Argentina
- 10.3. Brazil
- 10.4. Canada
- 10.5. Mexico
- 10.6. United States
- 11. Asia-Pacific Pipeline Integrity Market
- 11.1. Introduction
- 11.2. Australia
- 11.3. China
- 11.4. India
- 11.5. Indonesia
- 11.6. Japan
- 11.7. Malaysia
- 11.8. Philippines
- 11.9. Singapore
- 11.10. South Korea
- 11.11. Taiwan
- 11.12. Thailand
- 11.13. Vietnam
- 12. Europe, Middle East & Africa Pipeline Integrity Market
- 12.1. Introduction
- 12.2. Denmark
- 12.3. Egypt
- 12.4. Finland
- 12.5. France
- 12.6. Germany
- 12.7. Israel
- 12.8. Italy
- 12.9. Netherlands
- 12.10. Nigeria
- 12.11. Norway
- 12.12. Poland
- 12.13. Qatar
- 12.14. Russia
- 12.15. Saudi Arabia
- 12.16. South Africa
- 12.17. Spain
- 12.18. Sweden
- 12.19. Switzerland
- 12.20. Turkey
- 12.21. United Arab Emirates
- 12.22. United Kingdom
- 13. Competitive Landscape
- 13.1. Market Share Analysis, 2023
- 13.2. FPNV Positioning Matrix, 2023
- 13.3. Competitive Scenario Analysis
- 13.3.1. SLB and Eni Announce Alliance for Vibroacoustic Pipeline Integrity Monitoring and Analysis
- 13.3.2. Aegion Announced Acquisition of Proline Vactor Services
- 13.3.3. Enbridge Reports Strong 2022 Financial Results and Advances Strategic Priorities
- 13.3.4. Antea North America and Vysus Forge Partnership to Deliver End-to-End Asset Integrity Management and Risk Based Inspection Solutions
- 13.3.5. Thyssengas Acquired Rwe Natural Gas Pipeline For Hydrogen Transport
- 13.3.6. TÜV Rheinland signs agreement to acquire part of ABB’s Energy Industries division
- 13.3.7. DNV completes verification for Baltic pipeline
- 13.3.8. Black Hills Corp. Natural Gas Intrastate Pipeline Company Requests Rate Review in Colorado
- 13.3.9. OneSoft Releases First Phase Of Pipeline Integrity-As-A-Service, Machine Learning Corrosion Analysis Automates Manual Work And Reduces Costs
- 13.3.10. Product Launch Announcement: PROTON UT Phased Array for Enhanced Pipeline Clarity
- 13.3.11. Black Hills Energy announces updated clean energy target for natural gas utility system in newly released sustainability report | Nebraska
- 13.3.12. Baker Hughes Acquired Quest Integrity to Deliver Expanded Asset Inspection Solutions for the Energy and Industrial Sectors
- 13.3.13. Rosen Group Has Secured Five-Year Contract for Pan Malaysia In-Line Inspection200 Pipelines to be Inspected with Diameters from 4 To 48 inches
- 13.3.14. DNV and Pipeline Infrastructure Limited (PIL) collaborate to integrate hydrogen into PIL gas network assets in India
- 13.3.15. SCF Partners and T.D. Williamson, the Global player in Pipeline Infrastructure Maintenance, Announces Investment Partnership
- 13.3.16. iPIPE Receives OGRP Funding
- 13.3.17. SkyVision 2.1 delivers aerial data to improve pipeline integrity
- 13.3.18. Halma agrees strategic partnership with VAPAR
- 13.3.19. Water Authority Awarded Patent For Pipeline Inspection Tool
- 13.3.20. Enbridge Invested USD 6.6 Million in Smartpipe for Innovative Pipeline Technology Development
- 13.3.21. Artera Services and T.D. Williamson Developed Strategic Agreement for Specialized Services
- 13.3.22. EnerMech won the five-year deal for Inpex Ichthys LNG
- 13.3.23. Audubon Engineering Company Awarded LNG Interconnect Contract in Louisiana
- 13.3.24. Aberdeen headquartered EnerMech won USD 100 million in global pre-commissioning projects
- 13.3.25. Aberdeen firm EnerMech secured USD 100.3 million contracts after major global investment
- 14. Competitive Portfolio
- 14.1. Key Company Profiles
- 14.2. Key Product Portfolio
Pricing
Currency Rates
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