Norway Pipeline Monitoring System Market Size & Outlook
Norway pipeline monitoring system market, 2017-2030 (US$M)
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Norway pipeline monitoring system market highlights
- The Norway pipeline monitoring system market generated a revenue of USD 686.9 million in 2023 and is expected to reach USD 1,323.9 million by 2030.
- The Norway market is expected to grow at a CAGR of 9.8% 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.
Pipeline monitoring system market data book summary
| Market revenue in 2023 | USD 686.9 million |
| Market revenue in 2030 | USD 1,323.9 million |
| Growth rate | 9.8% (CAGR from 2023 to 2030) |
| Largest segment | Acoustic/ultrasonic |
| Fastest growing segment | LIDAR |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Norway accounted for 4.4% of the global pipeline monitoring system market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Russia pipeline monitoring system market is projected to lead the regional market in terms of revenue in 2030.
- Norway is the fastest growing regional market in Europe and is projected to reach USD 1,323.9 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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Norway 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 22.96% in 2023. Horizon Databook has segmented the Norway 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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Horizon Databook provides a detailed overview of country-level data and insights on the Norway pipeline monitoring system market , including forecasts for subscribers. This country databook contains high-level insights into Norway pipeline monitoring system market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Norway pipeline monitoring system market size, by technology, 2017-2030 (US$M)
Norway Pipeline Monitoring System Market Outlook Share, 2023 & 2030 (US$M)
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