Europe Pipeline Monitoring System Market Size & Outlook
Europe pipeline monitoring system market, 2017-2030 (US$M)
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Europe pipeline monitoring system market highlights
- The Europe pipeline monitoring system market generated a revenue of USD 4,135.6 million in 2023.
- The market is expected to grow at a CAGR of 8.5% from 2024 to 2030.
- In terms of segment, acoustic/ultrasonic was the largest revenue generating technology in 2023.
- LIDAR is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, Norway is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 4,135.6 million |
| Market revenue in 2030 | USD 7,305.3 million |
| Growth rate | 8.5% (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 |
| Key market players worldwide | ABB Ltd, Emerson Electric Co, GE Aerospace, Honeywell International Inc, Huawei Technologies, Rockwell Automation Inc, Schneider Electric SE, Siemens AG, QinetiQ Group PLC, ORBCOMM |
Other key industry trends
- In terms of revenue, Europe region accounted for 26.7% of the global pipeline monitoring system market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,267.4 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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Europe 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 23.3% in 2023. Horizon Databook has segmented the Europe 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.
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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 continent-level data and insights on the Europe pipeline monitoring system market , including forecasts for subscribers. This continent databook contains high-level insights into Europe pipeline monitoring system market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Europe pipeline monitoring system market size, by country, 2017-2030 (US$M)
Europe Pipeline Monitoring System Market Outlook Share, 2023 & 2030 (US$M)
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