The global pipeline transportation market is estimated to grow from US$ 8.69 billion in 2014 to US$ 13.97 billion in 2019, at a compound annual growth rate (CAGR) of 10% during the forecast period of 2014-2019.
Pipeline systems play a crucial part in the transportation of fuels, chemical and water across the world, with connections to other critical infrastructure such as oilfields, power plants and airports. Pipeline systems have been used since the 1880s due to its nature of being economical and secure. Many pipelines across the world carry chemically stable and flammable materials over long distances and have to cross water expansions, terrains and hills. These pipelines also play an important role in the development of any country and securing these infrastructures and providing connectivity options is of serious importance.
The pipeline transportation market manufacturers and operators are putting more advanced technology in the control centres and pumping centres, so that they don't need to have many people on the site. Today, companies are investing huge amounts on pipeline infrastructure due to government regulations and compliance issues. Systems such as SCADA helps the operator to monitor and control industrial processing functions such as refining, tracking and pressure control.
The companies have also developed comprehensive pipeline solutions for more real time view of pipeline integrity across the wide network of pipelines. Advance technologies such as sensors, batch trackers and intrusion detection, assist in pipeline management as the operator can make right decisions at the right time as wrong decision can lead to huge losses.
Increased demand for oil and natural gas, a rise in the production of offshore production and the demand for cheaper methods of transportation have encouraged the companies to accelerate the process of building pipelines for the transportation of their products. This report gives detailed insights into the global pipeline transportation market by analysing the market opportunities across various regions, types of solutions and types of professional services. The report also emphasises on key global adoption trends, future growth potential sub markets, key drivers, competitive outlook, restraints, opportunities and transportation architecture. Some of the potential and emerging technologies and solutions for pipeline transportation include intrusion detection, leak detection, SCADA, tracking and video surveillance.
Adapted from press release by Hannah Priestley-Eaton