The ‘Pipeline Integrity Management - Global Market Outlook (2018-2027)’ report has been added to ResearchAndMarkets.com's offering.
The global pipeline integrity management market is growing at a CAGR of 4.1% during the period 2018 - 2027.
Factors such as, increasing demand for oil and gas, rising investments in pipeline infrastructure and advancements in the field of integrity management is driving the growth of the market. However, the increasing inclination towards marine vessel over subsea pipelines, for the oil and gas trade between nations isolated via ocean, has contrarily affected the demand for the market.
Based on location of deployment, onshore segment is expected to have a huge demand in the forecast period due to the increasing number of oil wells at onshore locations. By geography, North America is estimated to have a lucrative growth owing to the growing adoption of the sophisticated pipeline networks coupled with the need for efficient operation and maintenance.
Some of the key players in Global Pipeline Integrity Management market include Bureau Veritas SA, Emerson Electric Co., Infosys Ltd, TUV Rheinland, SGS SA, Baker Hughes Co, MATCOR Inc., T. D. Williamson Inc., TWI Ltd, EnerMech Ltd, Shawcor Ltd., Pembina Pipeline Corporation, Fluor Corporation, Technip FMC PLC, Intertek Group PLC, Aker Solutions ASA, and Yokogawa Electric Corporation.
Read the article online at: https://www.worldpipelines.com/business-news/06042020/researchandmarkets-features-report-on-pipeline-integrity-management-market/