Global Pipeline Monitoring System Market Size & Outlook
Global pipeline monitoring system market, 2017-2030 (US$M)
Related Markets
Global pipeline monitoring system market highlights
- The global pipeline monitoring system market generated a revenue of USD 15,501.8 million in 2023 and is expected to reach USD 26,721.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 8.1% by 2030.
- In terms of segment, acoustic/ultrasonic accounted for a revenue of USD 3,759.8 million in 2023.
- LIDAR is the most lucrative technology segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 15,501.8 million |
| Market revenue in 2030 | USD 26,721.8 million |
| Growth rate | 8.1% (CAGR from 2023 to 2030) |
| Largest segment | Acoustic/ultrasonic |
| Fastest growing segment | LIDAR |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PIGs, Smart Ball, Acoustic/Ultrasonic, Magnetic Flux Leakage Technology, Fiber Optic Technology, Mass Volume/Balance, LIDAR, Vapor Sensing |
Other key industry trends
- In terms of revenue, the North America accounted for 28.0% of the global pipeline monitoring system market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Canada is the fastest growing regional market and is projected to reach USD 841.0 million by 2030.
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Pipeline Monitoring System Market Scope
Pipeline Monitoring System Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global pipeline monitoring system market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pipeline monitoring system market will help companies and investors design strategic landscapes.
Acoustic/ultrasonic was the largest segment with a revenue share of 24.25% in 2023. Horizon Databook has segmented the Global pipeline monitoring system market based on pigs, smart ball, acoustic/ultrasonic, magnetic flux leakage technology, fiber optic technology, mass volume/balance, lidar, vapor sensing covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Pipeline Monitoring System Technology Outlook (Revenue, USD Million, 2017-2030)
- PIGs
- Smart Ball
- Acoustic/Ultrasonic
- Magnetic Flux Leakage Technology
- Fiber Optic Technology
- Mass Volume/Balance
- LIDAR
- Vapor Sensing
- Others
- Global Pipeline Monitoring System Pipe Type Outlook (Revenue, USD Million, 2017-2030)
- Metallic
- Non-Metallic
- Others
- Global Pipeline Monitoring System Application Outlook (Revenue, USD Million, 2017-2030)
- Leak Detection
- Operating Condition
- Pipeline Break Detection
- Others
- Global Pipeline Monitoring System End User Outlook (Revenue, USD Million, 2017-2030)
- Oil & Gas
- Water & Wastewater
- Others
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Our clientele includes a mix of pipeline monitoring system market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global pipeline monitoring system market , including forecasts for subscribers. This global databook contains high-level insights into Global pipeline monitoring system market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global pipeline monitoring system market size, by regions, 2017-2030 (US$M)
Top 10 countries: Pipeline monitoring system market size, 2023 (US$M)
Global pipeline monitoring system market share, by technology, 2023 & 2030 (%, US$M)
Pipeline monitoring system market: Opportunity assessment by country
Global pipeline monitoring system market, by region, 2023 (US$M)
| Technology | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 3,953.7 | 4,018.9 | 4,101.4 | 4,001.3 | 4,071.0 | 4,186.8 | 4,342.5 | 4,537.2 | 4,772.0 | 5,048.9 | 5,369.3 | 5,747.2 | 6,205.8 | 6,767.6 | 6.5% |
| Europe | 3,381.9 | 3,499.8 | 3,636.1 | 3,611.4 | 3,740.7 | 3,916.6 | 4,135.6 | 4,399.1 | 4,710.2 | 5,073.5 | 5,493.0 | 5,985.7 | 6,580.0 | 7,305.3 | 8.5% |
| Asia Pacific | 2,242.2 | 2,335.3 | 2,442.1 | 2,441.2 | 2,544.9 | 2,681.8 | 2,850.1 | 3,051.4 | 3,288.4 | 3,564.9 | 3,884.7 | 4,260.6 | 4,713.9 | 5,267.4 | 9.2% |
| Latin America | 391.5 | 395.2 | 400.6 | 388.2 | 392.3 | 400.7 | 412.8 | 428.3 | 447.4 | 470.2 | 496.6 | 527.9 | 566.2 | 613.3 | 5.8% |
| MEA | 2,976.1 | 3,100.6 | 3,241.4 | 3,237.7 | 3,371.2 | 3,546.4 | 3,760.9 | 4,016.0 | 4,315.0 | 4,661.9 | 5,060.6 | 5,527.0 | 6,087.1 | 6,768.2 | 8.8% |
| Overall | 12,945.4 | 13,349.7 | 13,821.5 | 13,679.8 | 14,120.1 | 14,732.3 | 15,501.8 | 16,432.0 | 17,533.0 | 18,819.3 | 20,304.2 | 22,048.4 | 24,153.0 | 26,721.8 | 8.1% |
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