U.K. Pipeline Monitoring System Market Size & Outlook
The pipeline monitoring system market in the UK is expected to reach a projected revenue of US$ 1,201.3 million by 2030. A compound annual growth rate of 6.4% is expected of the UK pipeline monitoring system market from 2023 to 2030.
The UK pipeline monitoring system market generated a revenue of USD 729.3 million in 2022 and is expected to reach USD 1,201.3 million by 2030.
The UK market is expected to grow at a CAGR of 6.4% 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.
Pipeline monitoring system market data book summary
Market revenue in 2022
USD 729.3 million
Market revenue in 2030
USD 1,201.3 million
Growth rate
6.4% (CAGR from 2023 to 2030)
Largest segment
Acoustic/ultrasonic
Fastest growing segment
LIDAR
Historical data
2018 - 2021
Base year
2022
Forecast period
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, UK accounted for 5.0% of the global pipeline monitoring system market in 2022.
Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
In Europe, Russia pipeline monitoring system market is projected to lead the regional market in terms of revenue in 2030.
Norway is the fastest growing regional market in Europe and is projected to reach USD 1,323.9 million by 2030.
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 Outlook will help companies and investors design strategic landscapes.
Acoustic/Ultrasonic was the largest segment with a revenue share of 23.63% in 2022.
Horizon Databook has segmented the U.K. 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.
U.K. Pipeline Monitoring System Market Technology Outlook (Revenue, USD Million , 2018-2030)
PIGs
Smart Ball
Acoustic/Ultrasonic
Magnetic Flux Leakage Technology
Fiber Optic Technology
Mass Volume/Balance
LIDAR
Vapor Sensing
Others
U.K. Pipeline Monitoring System Market Pipe Type Outlook (Revenue, USD Million , 2018-2030)
Metallic
Non-Metallic
Others
U.K. Pipeline Monitoring System Market Application Outlook (Revenue, USD Million , 2018-2030)
Leak Detection
Operating Condition
Pipeline Break Detection
Others
U.K. Pipeline Monitoring System Market End User Outlook (Revenue, USD Million , 2018-2030)
Oil & Gas
Water & Wastewater
Others
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Horizon Databook provides a detailed overview of country-level data and insights on the U.K. Pipeline Monitoring System Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into U.K. Pipeline Monitoring System Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
U.K. Pipeline Monitoring System Market, 2018-2030 (US$M)