Pipeline Transportation Market worth $13.97 Billion by 2019 - New Report by MarketsandMarkets
(PRWEB) September 30, 2014 -- The new research report "Pipeline Transportation Market by Solution (Security Solutions, Automation and Control, Integrity and Tracking Solutions, Network Communication Solutions, and Other), by Modes (Oil and Gas, Coal, Chemical, Water, and Other) - Global Forecast to 2019", segments the global market into various sub-segments with an in-depth analysis and forecasting of revenues. It also identifies the drivers and restraints for this market with insights into trends, opportunities, and challenges.
Browse 79 Market Data Tables with 40 Figures Spread through 148 pages and in-depth TOC on "Pipeline Transportation Market by Solution (Security Solutions, Automation and Control, Integrity and Tracking Solutions, Network Communication Solutions, and Other), by Modes (Oil and Gas, Coal, Chemical, Water, and Other) - Global Forecast to 2019"
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The pipeline system is used since the 18th Century for commercial activities. The pipelines are considered to be the safest and efficient means of transporting large quantities of oil, gas, chemical, coal and water. According to Canada energy pipeline association the pipelines every day transfer enough amounts of oil and petroleum products to fill 15,000 trucks loads and 4,200 rail cars. The worldwide production of crude oil and gas has been on rise and approximately 85% of all the oil and gas is supplied through pipelines.
MarketsandMarkets has segmented the global pipeline transportation market by solutions: security solutions, automation and control, integrity solution, tracking and monitoring, and communication solution; by services: consulting, managed, and maintenance and support; by mode: oil and gas, coal, chemical, water and others; and by regions: North America (NA), Asia-Pacific (APAC), Europe (EU), Middle East and Africa (MEA), and Latin America (LA). Some of the leading players that operate in this market include ABB, Alstom, Siemens, GE Transportation, Emerson, ESRI, FMC Technologies, Trimble, and Schneider Electric.
The major forces driving this market are increase in demand for oil, its safe and economical transportation system, and less impact it has on the environment. The prime opportunity which is expected to boost this market is increase in demand for secured midstream solutions in APAC and LA region.
The increase in demand for the energy resources has resulted in companies searching for new areas to extract coal and oil. The maintenance and management of the pipeline system are labor intensive and time consuming; hence, the companies are developing control systems such as SCADA and monitoring systems to assist operators to control the whole site. Also most of the pipelines are buried underground which makes manual inspection difficult so the technologies such as sensors and pig tracker makes it easy for controller to detect corrosion and cracks in the pipelines. The security solution such as video surveillance, access control and alarm system also help to secure the sites such as metering stations, pumping stations and block valve stations.
MarketsandMarkets expects that the pipeline transportation market is estimated to be $8.68 Billion in 2014 and is expected to grow to $13.97 Billion in 2019. This represents an estimated Compound Annual Growth Rate (CAGR) of 10.0% from 2014 to 2019.
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