PIPELINE INTEGRITY MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Regional Analysis

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Dominating Region- North America

North America is expected to dominate the pipeline integrity market in 2024, with an estimated share of 39.5%. The market growth can be attributed to the well-established oil and gas industry and progressive pipeline regulations such as Outlines enforcement and regulatory procedures for pipeline safety in countries like the U.S. and Canada.

Fastest-Growing Region: Europe

Europe is experiencing rapid growth driven by rising energy demand and government efforts to enhance domestic petroleum production and expand pipeline infrastructure in countries like Germany and the U.K. Numerous ongoing pipeline projects have elevated the importance of integrity monitoring to ensure the safe transport of vital energy resources. Government initiatives play a key role in fostering this development by supporting infrastructure upgrades and encouraging energy security measures.

Pipeline Integrity Market Outlook for Key Countries

Federal Investments and Regulatory Support in the U.S. for Pipeline integrity

The U.S. pipeline integrity infrastructure is extensive and largely developed, creating a competitive market led by major companies that provide comprehensive integrity services. This market growth is supported by both the regulatory framework and substantial federal investments. In October 2024, the Biden-Harris Administration announced an allocation of approximately US$ 200 million for natural gas pipeline repairs and replacements, aimed at enhancing safety, lowering energy costs, and reducing methane emissions. This funding, provided through the Bipartisan Infrastructure Law, will finance 60 pipeline modernization projects across 20 states, overseen by the U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA).

Advanced Technologies and Strategic Developments Boosts Demand for Pipeline Integrity in Canada

Canada's pipeline integrity market is highly developed, with operators employing advanced technologies for regular inspections to maintain compliance. Following notable pipeline leaks, the federal government has intensified efforts to improve safety standards. In 2023, TC Energy unveiled a new initiative centered on pipeline integrity management. The company plans to enhance value by establishing two premier energy infrastructure entities, with plans to separate its liquid pipelines business.

Infrastructure Modernization and Increased Funding Drive Enhanced Safety and Sustainability in the U.K.

The U.K. government announced increased funding for pipeline safety research in 2023. For instance, the National Infrastructure and Construction Pipeline 2023 emphasized that achieving substantial investment in the U.K.'s infrastructure has never been more vital than it is today. The economic, social and environmental benefits that the sector brings undoubtedly improve the lives of citizens across our regions.

Strengthening Safety and Reliability Amid Energy Transition in Germany

Germany, a large consumer of natural gas, heavily relies on pipeline integrity due to its role in European energy distribution. It focuses on maintaining high safety standards and ensuring reliable gas supply, especially given the European Union’s push for energy security. In 2023, TransnetBW announced a new pipeline integrity project aimed at enhancing safety protocols. This initiative is a part of its broader commitment to improving the reliability and safety of their infrastructure, particularly as it manages significant energy transition projects like SuedLink and Ultranet.