The increasing prevalence of oil and gas leakage due to negelegency in monitoring in pipelines is propelling the market growth of the Europe Pipeline Monitoring Systems.

The global Europe Pipeline Monitoring Systems Market is forecast to reach USD 8.96 Billion by 2026, according to a new report by Reports and Data. Europe Pipeline Monitoring Systems are special technology used to detect multiple threats in real-time to prevent leakage, accidents, and burglary.

Pipelines are flow lines which are used in order to carry fluids or gases. The pipeline monitors are used to check the corrosion levels of the pipes to prevent the serious ecological outcome. The market for Europe Pipeline Monitoring system is influenced by the rising demand from the oil and gas industries since there is a rise in the incidence of oil and gas leakage. The governments all around the globe have made strict regulations to prevent the occurrence of such hazardous incidents making use of pipeline monitors mandatory in all oil and gas industries.

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Top Lading Players: Perma Pipes, Honeywell International Inc., Transcanada, Pure Technology, Huawei, Orbcomm Inc., Future Fiber Technologies, Thales Group, Radiobarrier, and Krohne Group, among others.

Some Key Highlights from the Report:

• Ultrasonic technology held the largest market share of 38.6% in the year 2018. The ultrasonic technology is preferred because it senses the thickness and direction of the flow of oil and gas in the pipelines. This system also detects the amount of corrosion that occurs in the pipe with the help of a monitoring device.
• The metallic monitoring systems segment is estimated to witness the highest CAGR of 8.1% during the forecast period. The metallic Europe Pipeline Monitoring system is preferred because of its high strength for the transportation of any material through these pipelines.
• Petroleum segment held the largest market share of 49.5% in the year 2018. This segment is growing since petroleum derivatives have various applications in the present world. Moreover, petroleum is a source of energy used for transportation. The government has made strict regulations for the use of Europe Pipeline Monitoring systems to prevent theft since the petroleum industry affects the economy of the world.
• Asia Pacific is anticipated to observe the highest CAGR of 10.6% during the forecast period. Countries like India, China, and Japan are rapidly catching up with the growth in the Europe Pipeline Monitoring systems market. The rise in population in this region has shown a generation of huge amount of wastewater for which Europe Pipeline Monitoring market has propelled.

Segments covered in the report:

Europe Pipeline Monitoring Outlook (Revenue, USD Billion; 2016-2026)

• Metallic
• Non Metallic
• Others

Technology Outlook (Revenue, USD Billion; 2016-2026)

• PIGs
• Smart Ball
• Ultrasonic
• Magnetic Flux Leakage Technology
• Others

End-Users Outlook (Revenue, USD Billion; 2016-2026)

• Petroleum
• Water and Waste Treatment
• Others

Applications Outlook (Revenue, USD Billion; 2016-2026)

• Leakage Detection
• Operating Condition
• Pipeline Break Detection
• Others

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Regional Outlook:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

• What are the dominating factors that are influencing the growth of the industry?
• In the forecast period, which market segment is expected to rise the most?
• What are the risks and challenges that the industry is facing?
• In the coming years, which area is projected to dominate the market?
• Who are the major players in the market?
• What kind of strategic business plans have they made?

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