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The Pipeline Monitoring System Market is likely to witness a CAGR of 8.8% during the forecast period. The prime factors that are driving the Pipeline Monitoring System Market is its superior thermal conductivity property leading to its wide usage in a wide array of industries.

Key Players

The following are the key players in the Pipeline Monitoring System Market:

Orbcomm Inc.

Transcanada

Honeywell International Inc

PSI AG

Siemens AG

Huawei Technologies Co. Ltd.

Bae Systems Inc.

Pure Technologies

C-Fer Technologies

Perma-Pipe Inc.

Growth drivers and Market Value:

This report, from Stratview Research, studies the Pipeline Monitoring System Market value and growth drivers over the trend period of 2022-27. According to the report -

Pipeline monitoring system market is likely to witness an impressive CAGR of 7.3% during the forecast period. The prime factor that is contributing to the demand for pipeline monitoring system is the increasing number of oil gas leakages during the production process.

Based on Pipe Type:

Based on the pipe type, the market is segmented as metallic, non-metallic, and others. The metallic segment held the largest share of the market in 2021, and is expected to remain dominant during the forecast period. The significant share of the metallic segment is attributed to metals being the major materials for construction of pipes owing to durability and corrosion resistance.

Based on Region:

IIn terms of regions, North America is estimated to be the largest market for pipeline monitoring systems during the forecast period. On the other hand, the Asia-Pacific market is expected to grow with a lucrative CAGR on account of the rapid construction of new pipelines in developing nations of the region, with China and India as the major growth engines.

Critical Questions Answered in the Report

• What are the key trends in the Pipeline Monitoring System Market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on Pipeline Monitoring System Market?
• What are the key strategies adopted by the major vendors to lead in the Pipeline Monitoring System Market?
• What is the market share of the top vendors?

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