25 November 2020
Visiongain has published a new report on Oil & Gas Pipeline Leak Detection Market Report 2021-2031: Forecasts by Method Type (Hardware Based Method, Software Based Method), by Hardware Base Method (Acoustic Emission Method, Cable Sensor Method, Fiber Optic Method, Soil Monitoring Method, Ultasonic Flow Meters, Vapor-Monitoring System), by Software Based Method (Mass Balance Method, Real Time Transient Modeling, Pressure Point Analysis, Digital Signal Processing), by Technology (Light Detection and Ranging (LiDAR), Real-time Transient Model (RTTM), Extended-Real time Transient Model (E-RTTM), Airborne Laser Methane Assessment (ALMA)), by Pipeline Location (Onshore Pipelines, Offshore Pipelines, Subsea Pipelines), by End-use (Oil and Condensate Pipelines, Natural Gas Pipelines, Other End-Use) PLUS Analysis of Leading Oil & Gas Pipeline Leak Detection Companies AND COVID-19 Recovery Scenarios.
Is Pipeline Transport a Risky Game?
Although transporting fuel through these channels is safer, handling hydrocarbons requires a risk-management program capable of preventing contingencies and performing damage repair immediately.
It is essential that an operational risk analysis be performed in order to evaluate all the possible events that could be considered an alarm situation: the probability of each event occurring independently; the vulnerability of the installations; the calculation of risks based on the vulnerability and the probability of it occurring; estimating the impact of each dangerous incident; classifying risks into high, moderate, and low categories; and defining the mitigation measures or design modifications to reduce the possibility of occurrence or impact of the event.
Legal Obstacles on the Growth Path of Pipeline Industry
The short-term outlook for fossil fuel investors in North America may seem rosy, with large plays such as the Permian and Marcellus undergoing development, gas replacing coal in many markets, and the Trump administration advocating for more offshore drilling. A storm is coming, however, and the current surge in pipeline construction may prove to be fleeting as the legal system, public opinion, and financial markets increasingly challenge the fossil fuel industry.
How Promising Are Future Pipeline Technologies?
The safety of these fuel transportation infrastructures has increased as technological progress has allowed for automating processes, monitoring tasks, and compiling enormous amounts of information that promote increased reliability in the implementation of the projects. Nonetheless, there is no doubt that the future of pipelines will depend on how technology can be applied to their construction, operation, and maintenance. In addition to optimizing productivity, these technologies will define how pipeline maintenance is understood, reducing the likelihood of leaks and accelerating repairs. Simultaneously, innovative work is also being focused on the material used to extend the lifespan of pipes, which is currently averaging 20 years.
Can Oil & Gas Pipeline Industry Sustain COVID-19 Impact?
The COVID-19 crisis has dramatically affected oil and gas production and demand, leaving no midstream markets untouched as drilling screeched to a halt, pipeline projects were sidelined and global storage neared capacity in a stark reversal of trends at the start of 2020. As the pandemic continued to rage into midyear and economies sputtered to restart, projections seesawed week to week and the outlook for demand recovery remained hazy.
The comprehensive report offers market estimation and forecast for the period ranging 2021 – 2031 for leading national markets and rest of the world. Moreover, the report contains dedicated leading companies covering 10 leading producers in the field of Global Oil & Gas Pipeline Leak Detection.
FLIR Systems, Inc.
Honeywell International Inc.
Kinder Morgan, Inc.
NXP Semiconductors N.V. (NXP)
PSI Software AG
Samsung Electronics Co Ltd
Schneider Electric SE
Notes for Editors
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