Latin America Pipeline Monitoring System Market Size & Outlook
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Latin America pipeline monitoring system market highlights
- The Latin America pipeline monitoring system market generated a revenue of USD 400.7 million in 2022.
- The market is expected to grow at a CAGR of 5.5% from 2023 to 2030.
- In terms of segment, acoustic/ultrasonic was the largest revenue generating technology in 2022.
- LIDAR is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 400.7 million |
| Market revenue in 2030 | USD 613.3 million |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | Acoustic/ultrasonic |
| Fastest growing segment | LIDAR |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PIGs, Smart Ball, Acoustic/Ultrasonic, Magnetic Flux Leakage Technology, Fiber Optic Technology, Mass Volume/Balance, LIDAR, Vapor Sensing |
| Key market players worldwide | ABB Ltd, Emerson Electric Co, GE Aerospace, Honeywell International Inc, Huawei Technologies, Rockwell Automation Inc, Schneider Electric SE, Siemens AG, QinetiQ Group PLC, ORBCOMM |
Other key industry trends
- In terms of revenue, Latin America region accounted for 2.7% of the global pipeline monitoring system market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,267.4 million by 2030.
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Pipeline Monitoring System Market Scope
Pipeline Monitoring System Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| ORBCOMM | View profile | 1001-5000 | Rochelle Park, New Jersey, United States, North America | http://www.orbcomm.com/ |
| QinetiQ Group PLC | View profile | 8500 | Ively Road, Cody Technology Park, Farnborough, Hampshire, United Kingdom, GU14 0LX | https://www.qinetiq.com |
| Huawei Technologies | View profile | 10001+ | Shenzhen, Guangdong, China, Asia | http://huawei.com |
| Emerson Electric Co | View profile | 67000 | 8000 West Florissant Avenue, P.O. Box 4100, St. Louis, MO, United States, 63136 | https://www.emerson.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| Rockwell Automation Inc | View profile | 29000 | 1201 South Second Street, Milwaukee, WI, United States, 53204 | https://www.rockwellautomation.com |
| GE Aerospace | View profile | 125000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | https://www.geaerospace.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
Latin America pipeline monitoring system market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pipeline monitoring system market will help companies and investors design strategic landscapes.
Acoustic/ultrasonic was the largest segment with a revenue share of 24.16% in 2022. Horizon Databook has segmented the Latin America pipeline monitoring system market based on pigs, smart ball, acoustic/ultrasonic, magnetic flux leakage technology, fiber optic technology, mass volume/balance, lidar, vapor sensing covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of pipeline monitoring system market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America pipeline monitoring system market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America pipeline monitoring system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America pipeline monitoring system market size, by country, 2018-2030 (US$M)
Latin America Pipeline Monitoring System Market Outlook Share, 2022 & 2030 (US$M)
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