PIPELINE INTEGRITY MARKET Challenges and Opportunities

Major challenges faced by global pipeline integrity market includes lack of skilled workforce. Maintaining pipeline integrity requires specialized skills and technical knowledge of different integrity assessment techniques like ultrasonic testing, radiography, and others. However, there has been severe shortage of professionals trained in these advanced non-destructive testing methods. This can delay pipeline assessments and jeopardize safety. Aging workforce is also a concern as many experienced pipeline inspectors are expected to retire in the future.

Market Opportunity- Adoption of advanced data analytics for pipeline monitoring

Key opportunities for the global pipeline integrity market includes rising adoption of advanced data analytics for pipeline monitoring. With technological advancement, oil and gas pipeline operators are now able to collect massive volumes of real-time performance data from different in-line inspection tools, sensors and monitoring systems. Advanced analytics applied on this pipeline data can provide valuable insights into anomalies, predict potential failures and determine replacement priorities. It allows detecting issues much before these escalate and helps make informed decisions.