![]() ![]() ![]() The considerable incorporation of these processes with leak detection gauges, magnetic flux leakage innovation, intelligent balls, and different communications alternatives, such as human involvement and control systems, for remote management and improved processes is another growth factor. This is further encouraged by beneficial actions being made by various governments to enhance crisis management, safe working conditions, and satisfy working requirements, which is helping the broad deployment of pipeline monitoring systems in the crude oil and refined petroleum sectors. The rising number of pipe leaks, breaks, corrosion, and cracks in the oil, sewage, and processed petrochemical industries is mainly driving the worldwide pipeline monitoring systems market. Get more insights from the 230-page market research report Pipeline networks are expected in the world's fastest developing industrialization because undersea and subterranean pipes are being installed all over the world. Pipeline monitoring systems are used to measure and investigate pipeline corrosion, leaks, and other problems. Pipelines are helpful for transporting gaseous or liquid fluids. 06, 2023 (GLOBE NEWSWIRE) - As per the report published by The Brainy Insights, the global pipeline monitoring system market is expected to grow from USD 15.4 billion in 2021 to USD 29.27 billion by 2030, at a CAGR of 7.4% during the forecast period 2022-2030. The North American region emerged as the largest market for the global pipeline monitoring system market, with a 36.7% share of the market revenue in 2021. ![]() The global market for pipeline monitoring systems is primarily driven by increasing demands in crude oil and refined fuels, as well as the water and sewage industries. ![]()
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