Pipeline Integrity Management Market

Global Pipeline Integrity Management Market Size (2024 to 2032)

The Global Pipeline Integrity Management Market was valued at USD 9.38 billion in 2023 and is to reach a valuation of USD 13.11 billion in 2032 from USD 9.74 billion in 2024 and is expected to grow at a CAGR of 3.78% between 2024 and 2032.

MARKET SCENARIO

Pipeline integrity management (PIM) is the practice of continuously evaluating pipelines used for oil and natural gas transmission in order to maintain safe and dependable operations. Public safety and environmental concerns are important factors that must be taken into account throughout pipeline construction. Since these pipelines transport volatile gases and liquids at high pressure, any leaks or incidents during operation would result in massive damage to the environment and human life. Pipeline owners and operators manage PIM programs. The management programs include all stages of the pipeline life cycle, from conception to engineering, design, construction, operation, inspection, and, if necessary, repair or replacement. Pipeline Integrity Management (PIM) is a technique to understand pipeline operations safely and dependably. PIM aids in the management of pipeline security from conception to engineering and design, operation, construction, inspection, and replacement. 

MARKET DRIVERS

The growth in catastrophes in the oil and gas industry raises the hazard to aquatic life and humans.

As a result, governments from various countries are enforcing stringent laws to guarantee the safety of marine life. These rules are one of the primary drivers for the implementation of PIM systems, accelerating the worldwide PIM market.

Regular inspections and tests improve the life of pipelines and preserve their structural integrity. Furthermore, regular inspection helps to reduce the expense of pipeline maintenance. This is driving the worldwide PIM market forward. The increasing strain on the control room as a result of a growing pile of data is also increasing the adoption of PIM, consequently expanding the PIM market.  PIM systems provide the exchange of real-time data from oil and gas fields to control rooms. This reduces the chances of leaking or other catastrophes. This is a major driver of the worldwide PIM market.

MARKET RESTRAINTS

The PIM market is expected to be hampered by increased awareness of renewable energy sources. The PIM system is a significant infrastructural development in the oil and gas sector.

Reduced reliance on nonrenewable energy sources is predicted to result in less investment in the oil and gas industry. As a result, the PIM market is projected to suffer. One of the most serious threats to the PIM industry is the increasing use of renewable energy sources like solar and wind. Because of their environmental and economic benefits, the growing usage of these sources will immediately wipe out the need for oil and gas. This will have a direct negative impact on oil and gas output, limiting market expansion.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Pipeline Integrity Management Market Segmentation Analysis By Location

The global PIM market may be divided into two segments based on deployment location: onshore and offshore. The onshore segment is expected to grow faster than the offshore segment since it has lower operational costs.

Global Pipeline Integrity Management Market Segmentation Analysis By Services

The worldwide PIM market is divided into three service types: inspection services, cleaning services, and repair and refurbishment services.

REGIONAL ANALYSIS

The pipeline integrity market has been segmented into four regions: the Americas; Europe; Asia-Pacific; and the Middle East and Africa. From 2024 to 2029, the Americas are anticipated to be the largest market. The United States and Canada are two of the major markets in the Americas. Pipelines transport more than 70% of crude oil and petroleum products in the United States and 97% of natural gas and petroleum products in Canada. As the need for energy generated in the Americas grows, E&P activities will shift further toward harsh environments. For example, the majority of recent oil and gas shale discoveries have occurred in distant places. Transportation of these reserves from difficult environments to storage places requires extra care, which will raise the demand for pipeline integrity services in the region.

Energy consumption in Asia-Pacific is predicted to rise in the next few years, and this region will be one of the primary regions with an appealing CAGR in the future.

KEY PLAYERS IN THE GLOBAL PIPELINE INTEGRITY MANAGEMENT MARKET

Companies playing a prominent role in the global pipeline integrity management market include Baker Hughes (United States), Enbridge (Canada), GE (United States), Schneider Electric (France), T.D. Willamson Inc., Bureau Veritas SA, Emerson Electric Co. Baker Hughes, TUV Rheinland AG, SGS SA, DNV., and Others.

RECENT HAPPENINGS IN THE GLOBAL PIPELINE INTEGRITY MANAGEMENT MARKET

• Schneider Electric and Prisma Photonics, a provider of next-generation fiber sensing for smart infrastructure, announced a collaboration in November 2021 to assist oil and gas pipeline owners and operators in preventing accidental and malicious activity by providing real-time intelligence and precise monitoring of oil and gas infrastructure.
• In August 2021, the Dakota Access Pipeline (DAPL) Expansion project, along with the DAPL system, expanded its capacity by 180,000 BPD by adding horsepower and modifications at pump stations. The DAPL pipeline extends across North Dakota, South Dakota, and Iowa before terminating in Patoka, Illinois, in the United States.
• In March 2022 Baker Hughes acquired Qi2 Elements, a designer and manufacturer of innovative robotic sensor systems that examine, analyze, and monitor the integrity of critical energy infrastructure, has been acquired by Baker Hughes. Baker Hughes' current competence in gas pipeline inspection is supplemented by this acquisition, which also includes new technologies to facilitate storage tank inspection. Pipeline inspection services are among Baker Hughes' asset inspection solutions, which identify, describe, locate, and size defects that can compromise pipeline integrity. The company's Electro Magnetic Acoustic Transducer (EMAT) technology detects and measures cracks and crack-related features in gas pipelines. The EMAT functionality of Qi2 Elements will enable Baker Hughes to service clients with small and medium-diameter pipelines up to 24 inches, including transmission, distribution, gathering, and process pipelines. The combined increased EMAT capabilities directly support energy operators' ongoing requirements to ensure asset safety and integrity, as well as future hydrogen infrastructure inspections.

DETAILED SEGMENTATION OF THE GLOBAL PIPELINE INTEGRITY MANAGEMENT MARKET INCLUDED IN THIS REPORT

This research report on the global pipeline integrity management market has been segmented and sub-segmented based on location, services and region.

By Location

• Onshore
• Offshore

By Services

• Inspection
• Cleaning
• Repair
• Refurbishment

By Region

• North America 
• Europe 
• Asia Pacific
• Latin America 
• Middle East & Africa