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Pipeline Integrity Market Trends

ID: MRFR//6595-CR | 155 Pages | Author: Chitranshi Jaiswal| May 2021

Global Pipeline Integrity Market Overview:

Pipeline Integrity Market Size was valued at USD 1.95 Billion in 2022. The Pipeline Integrity market industry is projected to grow from USD 2.03 Billion in 2023 to USD 2.86 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.34% during the forecast period (2024 - 2032). Increased governmental pressure, pipeline evaluation regulations, and public understanding of renewable energy are the key market drivers enhancing market growth.

Pipeline Integrity Market

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Pipeline Integrity Market Trends

  • Growing need for pipeline evaluation is driving the market growth

Market CAGR for pipeline integrity is driven by the rising energy demand, leading to more oil and gas extraction and use. The need for pipelines to carry petroleum and natural gas has increased. Regarding gas transmission pipelines, where a leak or rupture might cause the most damage, governments worldwide are revising the regulations that compel operators to implement integrity management procedures. 

Operators of oil and gas pipelines are obligated under these rules to conduct regular inspections of pipeline integrity. Furthermore, guidelines are required to enhance data collection, integration& analysis, and pipeline maintenance. Therefore, expanding pipeline integrity during the anticipated time frame in the market requires higher regulations and mandates for pipeline evaluation.

Additionally, a massive expansion in the number of oil and gas pipelines due to the increasing urbanization of the world's population and the resulting increase in demand for energy. One of the major forces propelling the market today is this. In addition, governments in several nations are enacting tough laws to guarantee the highest possible level of safety, uninterrupted operations, and prompt inspection of pipelines to prevent leaks and accidents. 

The increased building of natural gas pipelines, which produce fewer hazardous pollutants than gasoline and coal, is also favorable for the market, furthermore, made to improve the pipeline's infrastructure, leading to greater reliability. That, plus the fact that more organizations are using pipeline integrity solutions to broadcast network data in real-time from pipelines to command centers, is driving demand. Therefore, the increasing prevalence of energy supply is fueling the expansion of the international market.

For instance, to meet the rising need for competent workers, world-class training and project simulation have been introduced in Guyana for the first time. The Schilling Heavy Duty remotely operated underwater vehicle (ROV) simulator is now accessible during the anticipated time frame in the market in Lusignan, Ontario's ODITC 3t EnerMech Training Centre of Excellence thanks to a collaboration between Caribbean Subsea Specialist Inc. (CSSI) and 3t EnerMech (ODITC). 

As a result, the demand for pipeline integrity is predicted to grow throughout the forecasted time due to the rising need for pipelines. Thus, the driving factor is the pipeline integrity market revenue.

Pipeline Integrity Market Segment Insights:

Pipeline Integrity Service Insights

The pipeline integrity market segmentation, based on service, includes testing, monitoring, inspection, and software service. In 2022, the software service segment led the pipeline integrity market in revenue. This software system makes safe and efficient pipeline operations possible to manage pipeline integrity, record risk, monitor regulatory compliance, and provide a comprehensive overview of pipeline and gas distribution system reliability.

Pipeline Integrity Product Insights

The pipeline integrity market segmentation, based on product, includes oil, gas, and refined product. The gas segment is anticipated to grow at a CAGR of 4.34% over the projected period, making up the largest market share due to the increased need for secure, low-cost, and dependable network connections. Liquefied natural gas (LNG) and shale gas are driving the market's increasing internationalization.

Various gas forms have been considered, such as natural gas, NGL, shale gas, CSG, and CBM. Gas pipelines are more vulnerable to damage from deformation and corrosion than liquid pipelines. Pipeline operators emphasize ensuring that their infrastructure meets all applicable environmental standards.

Pipeline Integrity Application Insights

The pipeline integrity market segmentation, based on the application, includes onshore and offshore. The onshore segment is expected to grow fastest at a CAGR of 4.34% in the future because of increased demand for oil and gas and rising environmental concerns associated with its transportation.

Figure 1: Pipeline Integrity Market by Application, 2024 & 2032 (USD Billion)

Pipeline Integrity Market by Application, 2022 & 2032

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Pipeline Integrity Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American pipeline integrity market will dominate because of the region's advanced pipeline infrastructure, and America has the most advanced oil and gas pipeline network and the largest domestic market in the world. Having so many established businesses in this sector has also helped to lure investors. Regarding developed infrastructure for extracting oil and gas, Canada is a formidable opponent.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Pipeline Integrity Market Share By Region 2022 (USD Billion)

Pipeline Integrity Market Share By Region 2022

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Europe’s pipeline integrity market accounts for the second-largest market share because of growing government instructions to better the region's pipeline drilling and the increasing number of gas pipelines being built. Further, the German pipeline integrity market held the largest market share, and the UK pipeline integrity market was the fastest-growing market in the European region.

The Asia-Pacific pipeline integrity market is expected to grow at the fastest CAGR from 2023 to 2032 due to the development of pipeline infrastructure and increased public understanding of renewable energy sources. Moreover, China’s pipeline integrity market held the largest market share, and the Indian pipeline integrity market was the fastest-growing market in the Asia-Pacific region.

Pipeline Integrity Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the pipeline integrity market grow even more. There are some strategies for action that market participants are implementing to increase their presence around the world's footprint, with important market developments including new product launches, contractual agreements and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the pipeline integrity industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturer use in the pipeline integrity industry to benefit clients and increase the market sector. In recent years, the pipeline integrity industry has offered some of the most significant technological advancements. 

Major players in the pipeline integrity market, including ROSEN Group (Switzerland), Baker Hughes (US), NDT Gmbh & Co. Kg. (UAE), Emerson Electric Co. (US), Applus (Spain), Intertek Group Plc (UK), and EnerMech (UK), Schneider Electric (Japan), T.D WilliAMSON Inc. (US), and Altus Intervention (Norway), and others are attempting to grow market demand by investing in research and development operations.

Baker Hughes is a provider of energy technology services to businesses and consumers of energy. The cutting-edge technologies and services are advancing the energy industry, making it safer, cleaner, and more effective for people and the environment. They have a century of expertise and do business in more than 120 countries. 

To aid energy and industrial businesses in their quest for superior, trustworthy, and environmentally friendly solutions, develop and deploy state-of-the-art technologies. In March 2023, Baker Hughes, a company that creates energy technology, and HIF Global, the largest fuels provider in the world, announced their partnership to develop technology that directly absorbs carbon dioxide from the environment ("CO2 Direct Air Capture" or "DAC"). HIF and Baker Hughes intend to test prototype units utilizing Baker Hughes' Mosaic DAC technology to hasten the commercial deployment of DAC.

Emerson is a multinational technology and software provider headquartered in St. Louis, Missouri (USA), offering cutting-edge solutions to clients in the industrial, residential, and commercial sectors. Emerson, a pioneer in industrial automation, works with process, hybrid, and discrete manufacturers to improve operations, safeguard workers, cut emissions, and meet sustainability objectives through its Automation Solutions and AspenTech divisions. 

Emerson's Commercial & Residential Solutions division works to maintain food safety and quality, promote energy efficiency, and develop sustainable infrastructure. Industry leaders turn on Emerson as a dependable partner who consistently innovates to assist them in meeting the next big problem. Automation Solutions platform allows us to work together across automation businesses to create more comprehensive solutions for customers based on extensive industry experience and to help businesses reach important sustainability and operational goals. 

It will use footprint, subject knowledge, and industrial software further. In April 2023, Emerson, a leader in software and engineering globally, is enhancing perimeter security for the DeltaVTM distributed control system (DCS) with its new NextGen Smart Firewall, a control system firewall specifically made to provide perimeter security for all industries that are quick to install and simple to maintain. Users get better performance and more precise access control thanks to role-based access, higher bandwidth, and more ruggedized design.

Key Companies in the Pipeline Integrity Market include

  • ROSEN Group (Switzerland)

  • Baker Hughes (US)

  • NDT Gmbh & Co. Kg. (UAE)

  • Emerson Electric Co. (US)

  • Applus (Spain)

  • Intertek Group Plc (UK)

  • EnerMech (UK)

  • Schneider Electric (Japan)

  • T. D. WilliAMSON Inc (US)

  • Altus Intervention (Norway)

Pipeline Integrity Industry Developments

May 2023: ADNOC and Baker Hughes announced a deal to accelerate the development of technical solutions for low-carbon, environmentally friendly hydrogen, and graphene. ADNOC will cooperate as a strategic partner with Baker Hughes to investigate and test the use of cutting-edge technologies from Baker Hughes' hydrogen portfolio, according to the contract stipulations, followed by a strategic technological collaboration agreement signed by the two companies in November 2022.

January 2023: Wolftank Group and EnerMech have agreed to a distribution agreement. The cooperation will roll out hydrogen refueling stations across Australia and New Zealand’s industrial sectors as companies work to reduce their dependency on fossil fuels in their transportation fleets to fulfill net zero emission targets.  

Pipeline Integrity Market Segmentation

Pipeline Integrity Service Outlook

  • Testing

  • Monitoring

  • Inspection

  • Software Service

Pipeline Integrity Product Outlook

  • Oil

  • Gas

  • Refined Product

Pipeline Integrity Application Outlook

  • Onshore

  • Offshore

Pipeline Integrity Regional Outlook

  • North America

    • US

    • Canada

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East

    • Africa

    • Latin America

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