Top Players in Pipeline Integrity Management Market are Baker Hughes,a GE Company LLC, Halliburton Company, Thyssengas GmbH, A.Hak Industrial Services, DNV GL AS, TWI Ltd., Infosys Limited, Emerson Electric Co., Force Technology, Audubon Engineering Solutions, Aegion Corporation, Black Hills Corporation, NW Natural, Matcor, Inc., Dominion Energy Inc., New Century Software Inc., Associated Technology Pipeline Limited, Nexus Integrity Management, LLC., and Henkels & McCoy, Inc
The global pipeline integrity management market is expected to gain momentum from the rapid growth of oil and natural gas industry worldwide. This information is published in an upcoming report by Fortune Business Insights, titled, “Pipeline Integrity Management“Market Size, Share and Global Trend By Type (Onshore, Offshore) By Service (Inspection Service, Cleaning Service, Repair and Refurbishment Service) and Geography Forecast till 2026. The report further mentions that there is a rise in the exploration activity of crude oil. It would, in turn, propel the well count resulting in the pipeline integrity management market growth during the forthcoming years. Furthermore, the ongoing development of synthetic natural gas and shale gas, as well as a rise in the demand for downstream operations, would also contribute to the growing market size.
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The report offers detailed information about several aspects of the market, such as key industry developments, growth drivers, prominent market players, hindrances, etc. It further highlights accurate pipeline integrity management market volume, value, and size. Additionally, it presents extensive data regarding the dominating segments of the market.
Fortune Business Insights profiles some of the prominent players operating in the pipeline integrity management market. They are as follows:
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Segmentation
1. By Type
2. By Service
3. By Geography
Key Market Driver Increase in the crude oil exploration activities and growth of oil and natural gas industry
Key Market Restraint Maintenance and repair of the pipeline may adversely affect the working of the pipeline integrity management
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Onshore Segment to Lead Owing to Increasing Demand for Oil and Natural Gas
In terms of type, pipeline integrity management market is categorized into offshore and onshore applications. Amongst these, the onshore segment is expected to lead the market due to the increasing number of oil wells at onshore locations. Moreover, there is a rising demand for oil and natural gas across the world. Combined with this, growth of environmental concerns regarding its transportation is one of the crucial pipeline integrity management market trends that would drive this segment.
Key Industry Developments
Rapid Installation of Numerous Petroleum Refineries to Boost Growth in Asia Pacific
Geographically, the pipeline integrity management market is fragmented into Latin America, North America, the Middle East and Africa, Asia Pacific, and Europe. According to British Petroleum, North America is projected to exhibit a steady CAGR of around 5.6% between then period of 2017 to 2020. Therefore, the expansion of oil and natural gas industry in this region would propel the market growth in this region. Europe, on the other hand, is anticipated to showcase a steady growth due to the increasing oil production in Russia. The Middle East and Africa are the most prominent oil-producing regions of the world. The oil and natural gas industry in these regions are growing moderately, which would drive the pipeline integrity management market growth. Asia Pacific is one of the significant consumers of the oil and natural gas products. Due to this, the region has installed several petroleum refineries. It would help in the market growth.
SolSpec, Inc. Launches ROW Integrity Management to Prevent Geohazard Risks
SolSpec, Inc., a provider of photogrammetry, data visualization, data management, and remote sensing services, headquartered in Colorado, unveiled its novel data analytics and aerial imagery solution called SolSpec ROW integrity management in June 2019. It is specifically designed for preventing, mitigating, and assessing geohazard risks on pipeline. The operators and owners can predict or detect hazards even before they can cause trouble by using the company’s innovative analytics, data collection, and drone flight plans. The operator can gain insights to achieve greater ROI, improve compliance and safety, and prioritize mitigation efforts at every stage.
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Major Table of Content ForPipeline Integrity ManagementMarket:
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