Research and Markets has welcomed its ‘Sensors for Oil and Gas Pipeline Monitoring’ report.
When it comes to change, the pipeline industry appears to be conservative. Pipeline operators can be hesitant to adopt new solutions quickly and widely because of the initial investment. Decisions related to the adoption of innovative technologies are taken very cautiously and implemented only if required or when it leads to reduced downtime or cost.
The oil and gas pipeline industry is focused on enhancing the functionalities of pipelines. At present, ageing pipelines are a primary focus area and opportunities for new technologies appear to be tough.
Pipelines are subject to various issues such as pipeline leakage, corrosion, cracks, flow and vibration etc. Transformational trends, such as operational intelligence, infrastructure development, demand and supply, convergence, utilisation of greener concept and emergence of new technologies are driving the need for enhanced and innovative sensing technologies in the oil and gas pipeline industry. Companies need to identify the key elements of transformation faster and devise strategies to accelerate adoption of novel sensing platforms.
Research and Markets’ report has evaluated advances in sensing technologies and the impact this has had on the oil and gas pipeline industry in the near, medium and long term. The requirement of the pipeline industry varies depending on its processes. The report captures sensor innovations from different dimensions such as upstream, downstream and midstream.
Read the article online at: https://www.worldpipelines.com/business-news/03052017/research-and-markets-welcomes-sensors-for-oil-and-gas-pipeline-monitoring-report/