Global Pipeline Management Solutions Market: Overview
Pipeline management solutions encompass a wide spectrum of products and services for the design, maintenance, and monitoring of pipeline assets in oil and gas industry. These solutions are increasingly being adopted by industry players with an aim to enhancing operational efficiency and ensuring optimal performance of their infrastructures in day-to-day operations. The solutions may include supervisory control and data acquisition (SCADA) technology, which plays a key role in automation and security. In addition, these solutions help in maintaining integrity of pipeline operations and reduces the chances of leakage in pipelines spanning tens of thousands of miles. The application of IT software in pipeline management solutions is useful in mitigating cybersecurity threats that affects modern operations. The deployment of pipeline management solutions underpinned business intelligence tools help in decision making and help in timely resolution of emerging network issues in oil and gas processing facilities.
Modern integrated pipeline management solutions help end users meet the complex needs of hydrocarbon transportation operations and have a noteworthy bearing on cost-efficiency of operations.
The report offers in-depth and detailed insights into the key market dynamics, prominent segments, promising avenues, the prevailing regional and global regulatory landscape, and the competitive dynamics. The study offers elaborate assessment of emerging technologies, notable opportunities, and expected product innovations in major regions in the pipeline management solutions market during the forecast period of 2017–2025.
Global Pipeline Management Solutions Market: Trends and Opportunities
Pipeline management solutions are increasingly gaining popularity in the oil and gas industry in numerous emerging and developed markets for reducing the total cost of ownership, ensuring minimal downtime, and improve operational reliability. World over, the pressing need for modernizing pipeline systems in the industry with an objective to bring operational efficiency and ensure cost-effective maintenance of pipelines assets is a key factor driving the market.
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The widespread adoption of automated systems and technologies for boosting the optimal performance of oil and gas pipelines is also catalyzing the market’s growth. In addition, the need for addressing the variety of emerging security needs of modern pipelines in the oil and gas sector is bolstering the demand for robust and integrated pipeline management solutions. Furthermore, the rising adoption of SCADA and advanced network technology in modern oil and gas pipelines is providing a sustained impetus to the growth of the market.
The advent of end-to-end solutions for meeting the complex needs of pipeline managements is likely to unlock promising prospects. The advent of scalable pipeline management solutions that helps in real-time management of pipeline operations among businesses, especially in emerging economies, is a significant development accentuating the growth of the market. Furthermore, the market is markedly benefitting from modern leak detection technologies by oil and gas companies in developing and developed regions.
Global Pipeline Management Solutions Market: Regional Outlook
The report offers comprehensive assessment of various regional markets, evaluates emerging opportunities in major regions, and highlights lucrative avenues. The factors affecting the market share of key regional markets are analyzed in the study. Some of the key regional markets for pipeline management solutions can be Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa. Of these, North America and Europe could be lucrative markets. The rising adoption of SCADA and advanced network technologies across businesses in the oil and gas sector is fueling the growth of these regional markets. Meanwhile, Asia Pacific is expected to rise at an attractive pace over the forecast period.