The companies providing pipeline monitoring systems are focusing on the development of more efficient pipeline monitoring systems to attract more customers and subsequently increase their revenues. Leading oil and gas companies are adopting these solutions at a high scale to detect the failure well in time and avoid significant damages. Moreover, the increase in the number of oil & gas leakages, stringent government rules and regulations are the major factors that are expected to drive the growth of pipeline monitoring systems market. However, the high cost of maintenance for the monitoring systems is anticipated to restrict market growth among other end-user industries.
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Top Key Major Players:-
1. Bae Systems, Inc.
2. Huawei Technologies Co. Ltd.
3. Pentair PLC
4. Orbcomm Inc.
5. Transcanada Company
6. Psi AG
7. Pure Technologies
8. Honeywell International Inc.
9. Perma Pipe Inc.
10. Siemens AG