The pipeline monitoring systems market is growing as it is a single system that detects small leaks or damages securely and reliably while simultaneously monitoring for third-party interference and other external pipeline threats to prevent leaks altogether. Other factors such as increased number of oil and gas leakages in production, pipelines, and storage tanks due to natural disasters and high pressure along with stringent government regulations for pipeline safety and security and expansion and upgradation of pipelines are driving the growth of the pipeline monitoring systems market. However, factors such as limited awareness about monitoring implementation and low funds are expected to limit the market growth.
The metallic pipes segment, by pipe type, is projected to grow at the highest rate through 2026. These pipes are predominantly preferred over other pipe types due to their high strength, irrespective of the liquids that they will carry. Metallic pipes are most widely used for monitoring systems, due to their high strength. Thus, making them the fastest growing type of pipe in the pipeline monitoring systems market. Read More…
Credit By :World Pipelines
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- Report: Global Pipeline Monitoring Systems Market Forecast To 2026 – August 31, 2017