Europe pipeline monitoring system report

The Germany market dominated the Europe Pipeline Monitoring System Market by Country in 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of US$1295.8 million by 2027. The UK market is poised to grow at CAGR of 6.3% during (2021 - 2027). Additionally, The France market is expected to experience a CAGR of 7.9% during (2021 - 2027).

Remote monitoring solutions based on the Internet of Things (IoT) increase the safety, dependability, and performance of industrial equipment and assets. To minimise unplanned downtime and improve asset reliability, they employ real-time data from production assets.

In companies that demand a lot of equipment that functions from remote places, remote monitoring systems have a variety of uses. Customers can track and collect data to see where their assets and equipment are, how well they're working, and spot problems as they arise. In addition, companies can also receive real-time alerts on any crucial incidents without dispatching field people.

Real-time monitoring allows users to obtain a deeper understanding of their assets, enabling them to forecast machine failure and locate replacement parts. This system also helps users to plan maintenance and repairs ahead of time, forecast events before they happen, and receive real-time warnings so that they can respond quickly, increasing the life of the assets. Many electrical and telecommunications cables, oil and gas pipelines are being built on or under the seafloor, tourism is on the rise, and massive offshore wind farms with up to 600 units per location are being planned.

Read the article online at: https://www.worldpipelines.com/special-reports/21072022/europe-pipeline-monitoring-system-report/