News Crusader

Pipeline Monitoring Solutions Market Is Expected To Grow US$ 12.6 Bn By 2024 – Credence Research

New Market Research Reports Title “Pipeline Monitoring Solutions Market Is Expected To Grow US$ 12.6 Bn By 2024 – Credence Research” Has Been Added to Credenceresearch.com Report Database.

According to a new market report published by Credence Research “Global Pipeline Monitoring Solutions Market – Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2024,” 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.

Browse the full Global Pipeline Monitoring Solutions Market by Technology & Solutions, Verticals, Services and Geography – Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2024 report at http://www.credenceresearch.com/report/pipeline-monitoring-solutions-market

Market Insights

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. However, volatile oil prices restricting cash flow of the oil producers which is likely have a negative impact on upcoming pipeline project which in turn is expected to restrain the demand for pipeline monitoring solutions during the forecast period (2016-2024).

The complete report is available at http://www.credenceresearch.com/report/pipeline-monitoring-solutions-market

Competitive Insights:

Global pipeline monitoring system market is segmented on the basis of technology & solutions, type, vertical, services and geography. By technology & solutions, industrial control systems segment is projected to be the most dominant and fastest growing segment. Increasing use of automation in pipeline operations due to growing proclivity towards the safe and efficient operations is expected to drive the growth of the segment. Considering services, the consulting segment to be the largest segment over the forecast period owing to growing inclination towards data based decision making and extenuation of risk is projected to drive the growth of the segment over the forecast period. On the basis on vertical, natural gas segment was the largest segment in 2015 and projected to register high growth over the forecast period. Increase production of non-conventional shale gas along with conventional natural gas production is expected to fuel the growth of the segment during the forecast period (2016-2024). The key players in the market are focusing on research & development of new technologies to enhance accuracy of their products.

Overall, global pipeline monitoring solutions market is projected to register significant growth over the forecast period (2016-2024).

Key Trends:

  • Merger & Acquisition
  • Development of new technologies

 

Related Reports:

Biodiesel Market

Brazil Naphtha Market

About Credence Research:

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Blog URL – http://www.mobilecomputingtoday.co.uk/5647/pipeline-monitoring-solutions-market-technology-solutions-vertical-services-geography-expected-reach-12-6-2024-credence-research/

Media Contact
Company Name: Credence Research
Contact Person: Chris Smith, Global Sales Manager
Email: Send Email
Phone: +1-800-361-8290
Address:105 N 1st ST #429, SAN JOSE, CA 95103 US
City: SAN JOSE
State: California
Country: United States
Website: http://www.credenceresearch.com/report/pipeline-monitoring-solutions-market

Calendar

June 2017
M T W T F S S
« May    
 1234
567891011
12131415161718
19202122232425
2627282930  

Latest News

Airwheel Electric Assist Urban Bike R6 to Create a Rosy and Sunny Life for the Young People

Read Full Article

Abbkine Scientific launches the PurKine™ Protein L Resin

Read Full Article

Coke Zero 400 Tickets: CapitalCityTickets.com is Slashing Prices on NASCAR Tickets for the 2017 Coke Zero 400 at Daytona International Speedway on July 1st

Read Full Article

Kidcia launches the wide variety of RC Quadcopter drones with video camera & APP control

Read Full Article

Fosjoas Intelligent Powered Scooter Helps People to Enjoy Pure Green Transportation Life

Read Full Article

Ground Handling System Market Is Expected To Propel Growth Based On Expansion Of Airline Fleets And Airports Globally Till 2022: Grand View Research, Inc

Read Full Article

Cheap OneRepublic Concert Tickets: CapitalCityTickets.com is Slashing Their Prices on OneRepublic Concert Tickets for their 2017 Tour Dates

Read Full Article

Cheap Outlaw Music Festival Tickets: CapitalCityTickets.com is Slashing Their Prices on Outlaw Music Festival Tickets featuring Willie Nelson, Bob Dylan, Sheryl Crow, and More

Read Full Article

Airwheel S6 Mini Electric Scooter Makes People Ride in an Elegant Style

Read Full Article

Enjoy the Lifestyles of Health and Sustainability with Fosjoas U3 Smart Electric Scooter

Read Full Article

Amazing Riding Experience of Airwheel H3 Automatic Smart Electric Wheelchair

Read Full Article

Cheap Prince Royce Tickets: CapitalCityTickets.com is Slashing Their Prices on Prince Royce Concert Tickets for his 2017 Tour Dates with Promo Code

Read Full Article