ResearchandMarkets features new report on pipeline integrity markets, 2018-2027

The global pipeline integrity market accounted for US$1.62 billion in 2018 and is expected to reach US$2.78 billion by 2027, growing at a CAGR of 6.2% during the forecast period.

Increased government rules and regulations for pipeline assessment, rising investments in pipeline infrastructure and developments in the field of integrity management are some of the factors fuelling the market growth. Moreover, the introduction of the digital twin technology in pipeline operation is providing opportunities for market growth. However, troubles in pipeline assessment and cross-border pipelines are the restraining factors for the market.

Based on application, the onshore segment is likely to have a huge demand due to the growing demand for oil & gas and rising environmental concerns identified with its transportation. The onshore segment represents various evaluations such as metal loss/corrosion, geometry deformation, and crack & leak detection.

By Geography, North America is going to have a lucrative growth during the forecast period due to increasing shale gas & oil production and favourable regulations related to the licensing of Exploration & Production (E&P) activities. The US has a highly integrated network of pipelines for transferring natural gas throughout the continent.

Some of the key players profiled in the Pipeline Integrity market include T.D. Williamson, SGS, Schneider Electric, Rosen, Quest Integrity Group, NDT Global, Lin Scan, Intertek, IKM Gruppen, Enermech, Emerson, Dacon Inspection Technologies, Baker Hughes, A GE Company, Applus and Altus Intervention.

Find more information on the report here.

Read the article online at: https://www.worldpipelines.com/business-news/27092019/researchandmarkets-features-new-report-on-pipeline-integrity-markets-2018-2027/