Global Pipeline Integrity Management Market Report and Forecast 2024-2032

Global Pipeline Integrity Management Market Outlook

The global market size for pipeline integrity management reached a value of more than USD 9.33 billion in 2023. The global pipeline integrity management market is expected to grow at a CAGR of 3.80% between 2024 and 2032.

Key Trends in the Market

Pipeline integrity management is a method to ensure the integrity of the pipelines and an approach to understand and operate pipelines in a reliable and safe manner. It is important in order to avoid risks such as pipeline failure, major fires or explosions, and containment failures for flammable substances. These risks have the potential of becoming catastrophic, causing widespread damage and losses, due to which there is heightened demand for pipeline integrity management. 

• There is a substantial increase in the number of oil and gas industries where pipelines are widely used for transmission purposes. Natural gas liquid is also transmitted through these pipelines and any pipeline failure could result in severe loss and damage. This increases the demand for pipeline integrity management which thereby fuels the overall market.

• Environment safety is a major reason for adopting pipeline integrity management. Any emission or leak from the pipeline is capable of destroying local vegetation, increasing water pollution, and harming local wildlife which can be prevented with the management of pipeline integrity.

• The pipeline integrity management market is also observing growth owing to the safety it provides to the general public. Toxic chemicals transmitted through the pipelines might cause various health issues such as nausea, migraines, breathing complications, chemical sensitivities, painful rashes, and cancer activity which can even prove fatal.

Market Analysis

Based on type, the market can be bifurcated into onshore and offshore. By service, the market is divided into inspection services, cleaning services, repair and refurbishment services, and monitoring services. On the basis of sector, the pipeline integrity management market is segmented into crude oil and natural gas. By region, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global pipeline integrity management market covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Infosys Limited

• TUV Rheinland Mobility, Inc

• T.D. Williamson, Inc.

• SGS SA

• Emerson Electric Co.

• Others

Market Share by Service

Repair and refurbishment have been leading the pipeline integrity management market in terms of value because they involve replacing equipment or parts in the pipeline or its monitoring system, typically at higher costs than inspection or cleaning. Repairing and refurbishment are important in order to prevent complete damage or breakdown that might be catastrophic in case of pipelines, especially in chemical or oil and gas sectors. Accordingly, more end-users are willing to invest in the repair and refurbishment of pipelines. 

Monitoring and inspection services are also essential and are expected to observe a significant growth as they help keep track of pipeline status, identifying any damage or conditions such as rusting at an earlier stage. Scheduled cleaning services are generally a routine process for pipelines that helps prevent breakdowns and improves the pipeline integrity. 

Market Share by Region

North America has an extensive number of established oil and gas pipeline infrastructures and is involved in the oil trade with South American countries due to which it has a sizable share in the pipeline integrity management market. Europe is also expected to have a significant share in the market because of the ongoing production as well as transportation of oil and gas through pipelines between European countries. 

The demand for pipeline integrity management is also rising rapidly in the Asia Pacific owing to the rising refining capacities and production especially in countries such as China and India. The increase in energy consumption in the Asia Pacific region has increased the use of pipelines, allowing the growth of the market in the region. 

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Competitive Landscape

Infosys Limited is a private limited information technology company which provides next-gen digital consulting and services. It mainly delivers outsourcing services, business consulting, and information technology solutions. They work with an aim to expand the potential of humans and create new opportunities for businesses, people, and communities. It has its headquarter in Karnataka, India and was founded in 1981.

SGS SA was established in 1878 and is headquartered in Geneva, Switzerland. SGS, an abbreviation for Standard Global Services, is a testing, inspection, verification, and certification company. They are a trusted brand for integrity and quality and continue to work in order to provide a safe, better, and more interconnected world. 

Emerson Electric Co. was founded in 1890 and is based in Missouri, United States. It is a technology company that provides services and manufactures products for commercial, consumer, and industrial markets. It aims at solving complex challenges of the world by offering its engineering and technology expertise and by providing other innovative solutions. 

Other market players include TUV Rheinland Mobility, Inc, and T.D. Williamson, Inc., among others.

Key Highlights of the Report