Top leading Market Players in Pipeline Monitoring System Market

The global pipeline monitoring system market size is projected to grow from USD 13.2 billion in 2021 to USD 19.2 billion by 2026, at a CAGR of 7.8% from 2021 to 2026. Pipeline monitoring is a single system that detects smaller leaks or damages securely and more reliably while simultaneously monitoring for third-party interference and other external pipeline threats to prevent leaks altogether. Pipeline monitoring system is widely used in end-use industries such as crude & refined petroleum, and water & wastewater, amongst others.

The APAC region is projected to be the fastest-growing region in the pipeline monitoring system market in terms of both value and volume from 2021 to 2026. This region is witnessing the highest growth rate due to the rapid economic expansion. According to the IMF, China and India are among the fastest-growing economies globally. India is expected to overtake China with the highest growth rate, thus driving the global economy. The expansion of existing pipelines and development of new ones increased incidents of oil and gas leakages in pipelines and storage tanks at production facilities, and formulation of stringent regulations by the governments for the implementation of leak detection technologies and systems in different countries of APAC, and rapidly growing industrial sectors are expected to drive the market in APAC.

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The pipeline monitoring system market has thousands of companies that thrive in their domestic market. A few of the major players are, Siemens AG (US), Honeywell International Inc. (US), Huawei Technologies Co. Ltd. (China), BAE Systems (UK), and TransCanada PipeLines Limited (Canada), among others. These players have adopted various growth strategies, such as mergers & acquisitions, and expansions, to increase their market shares and enhance their product portfolios.

Siemens AG is a leading engineering and manufacturing company in Europe operating in the principal divisions of Digital Industries, Smart Infrastructure, Mobility and Siemens Healthineers, which together form the Industrial Businesses and Siemens Financial Services (SFS). These divisions represent the main activities of the company. Its focus is on the areas of electrification, automation, and digitalization. Siemens AG Gas and Power, which is headquartered in Houston, Texas, is the only company in the world that can provide fully integrated products, solutions, and services across the energy value chain of oil & gas production, power generation, and transmission.

Honeywell International Inc. is a diversified technology and manufacturing company. It operates through four business segments, namely, Aerospace (previously known as Transportation, Automation and Control Solutions (ACS)), Performance Materials and Technologies (PMT), Honeywell Building Technologies, and Safety & Productivity Solutions. PMT is one of the largest segments of Honeywell which develops and manufactures high-quality performance chemicals and materials, process technologies, and automation solutions. Process Solutions business is a pioneer in automation control, instrumentation, advanced software, and related services for the oil & gas, refining, pulp & paper, industrial power generation, chemicals & petrochemicals, biofuels, life sciences, and metals, minerals, and mining industries. Its competitors for Automation and Control solutions are 3M, Johnson Controls, Schneider, Siemens AG, and Zebra-Motorola (Zebra Technologies Corporation has acquired the Enterprise business of Motorola Solutions, Inc.).

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Europe region is projected to account for the largest share in the rainscreen cladding market

The rainscreen cladding market is projected to grow from USD 10.1 billion in 2019 to USD 14.3 billion by 2024, at a CAGR of 7.1% from 2019 to 2024. Rainscreen cladding market is expected to grow in accordance with the growth of the construction industry across the globe. Factors such as increase in the residential and non-residential construction and innovation as well as remodeling activities, along with the demand for durability of rainscreen cladding with the ability to withstand various weathering actions and resist chemical attacks & deterioration are expected to support market growth during the forecast period.

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The Europe region is expected to lead the rainscreen cladding market in terms of both value and volume, from 2019 to 2024. Factors such as the increasing number of new housing units and huge investments in the infrastructural sector is expected to drive the rainscreen cladding market growth in the European region. Also, countries such as UK, Germany, France, Russia are considered to be developed markets in the construction sector as compared to the emerging markets such as Italy due to the tremendous growth of the construction opportunities in these countries has also driven the demand for rainscreen cladding .

The rainscreen cladding market has been dominated by large players such Kingspan Insulation (UK), SIKA (Switzerland), Rockwool International A/S (Denmark), Everest Industries Limited (Denmark), SFS Group AG (US). These players have adopted various growth strategies such as expansions, investments, new product developments, acquisitions, partnerships, agreements, and joint ventures to increase their market shares and enhance their product portfolios.

Kingspan Insulation Ltd (UK) is one of the key players in the manufacturing of fabricated & high-performance insulation as well as building envelope solutions. The company operates through its five business segments, namely, insulated panels, insulation boards, data & flooring technology, light & air, and water & energy. Its extensive product portfolio includes architectural façade , structural framing, metal facades, insulation boards, building services insulations, engineered timber , daylighting, smoke management, micro-wind , ventilation , energy storage solutions, and insulated panels. The company operates in the rainscreen cladding market via architectural façade . The company has more than 129 manufacturing sites and is present across more than 70 countries worldwide.

Sika AG (Sika) (Switzerland), is one of the global leaders in the specialty chemicals industry and operates through two business segments, namely, construction and industrial manufacturing. The company produces concrete & mixtures, mortar, sealants & adhesives, tooling resins, anti-static industrial flooring, and acoustic material. Under the construction segment, the company offers products and solutions for building components, cement industry, concrete technology, concrete refurbishment, elastic bonding, flooring & coating, gypsum & dry mortar, joint sealing, roofing, structural bonding, tiling , and waterproofing. The industry segment includes automotive, automotive aftermarket, building components, general industry, marine, renewable energies, and transportation industry. Sika AG has a presence in more than 50 countries, including Germany, India, Brazil, Chile, Morocco, and Australia, across five continents. Sika has subsidiaries in 95 countries worldwide and over 170 factories.

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The North American region accounts for the largest market share in the pipeline monitoring system market

Pipeline monitoring is a single system that detects smaller leaks or damages in pipelines securely and more reliably, while, simultaneously, monitoring them for third-party interferences and other external threats to prevent leaks. MarketsandMarkets projects that pipeline monitoring system market size will grow from USD 4.6 billion in 2019 to USD 6.5 billion by 2024, at a compound annual growth rate (CAGR) of 7.1% from 2019 to 2024. The increase in demand for pipeline monitoring systems for crude & refined oil is driving the growth of the pipeline monitoring system market.

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North America contributes a major market share in the global pipeline monitoring system market. The North American market is projected to grow at the highest rate than the other region, as many new pipelines are under construction in this region. Asia Pacific is projected to register the highest growth after North America from 2019 to 2024, while Europe accounts for the second-largest market share in the market. Emerging economies such as India, China, and Japan are projected to grow at moderate CAGRs between 2019 and 2024.

The increase in demand of pipeline monitoring systems for crude & refined oil is driving the growth of the pipeline monitoring system market, which is expected to witness high growth as a result of the increasing number of oil & gas leakages in production, pipelines, and storage tanks due to natural disasters and high pressure; and the stringent government regulations for pipeline safety and security and expansion and upgradation of pipelines. The growing trend of the development of new devices and solutions to monitor pipeline performance, optimize resources, automate the functions, and safeguard the operations are witnessing the growth of the pipeline monitoring system market.

Major players in the pipeline monitoring system market includes Siemens AG (Germany), Honeywell International Inc. (U.S.), BAE Systems (U.K), Perma Pipes(U.S), Transcanada ( Canada), PSI AG (Germany), Pure Technology (Canada), Orbcomm Inc. (U.S.), and Huawei (China).

Recent Developments

In March 2019, Siemens equipped 29 gas turbines with Remote Diagnostic Services for Gail India Limited across the Hazira-Vijaipur-Jagdishpur(HVJ) pipeline and the Vijaipur C2/C3 plant to provide advanced software services for an easy manufacturing process.
In January 2019, Transcanda started a new project named Mountaineer Xpress (MXP), a Columbia Gas project, designed to transport supply from the Marcellus and Utica shale plays to points along the system and to the Leach interconnect with Columbia Gulf. Approximately 45 per cent of this project was placed in service on January 18, 2019, with the remainder to be placed in service in February and March 2019, along with Gulf Xpress, a Columbia Gulf project.
In September 2018, Perma-Pipe Saudi Arabia was awarded a contract by Italy’s Saipem S.p.A for a thermal insulation system, field joints, and a leak detection system for two 55kms, 30 inch diameter, low Sulphur fuel oil lines for Kuwait Oil Company’s (KOC) new refinery project in Kuwait. The contract was valued approximately at USD 15 Million.

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Mohawk Industries (US) and Siam Cement Group (Thailand) are Leading Players in the Ceramic Tiles Market

The ceramic tiles market is projected to grow from USD 207.7 billion in 2020 to USD 285.1 billion by 2025, at a CAGR of 6.5% during the forecast period. Growth in investments in the construction industry, coupled with a rise in the number of renovation & remodeling activities, further boost the growth of the market for ceramic tiles. The rise in demand from emerging economies and the growth of the organized retail sector create growth opportunities for the market.

The ceramic tiles market is dominated by major players such as Mohawk Industries (US), Siam Cement Group (Thailand), Grupo Lamosa (Mexico), Grupo Cedasa (Brazil), Kajaria Ceramics (India), Ceramica Carmelo Fior (Brazil), and RAK Ceramics (UAE). These players have adopted numerous growth strategies, such as acquisitions and expansions to further expand their presence in the global ceramic tiles market. Expansions were the most dominating strategy adopted by major players from 2017 to 2020, which helped them to expand their global presence and broaden their customer base.

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Mohawk Industries (US) is the pioneer in flooring manufacturing, which primarily emphasizes on enhancing residential and commercial spaces across the globe. It engages in the manufacture, design, and distribution of residential and commercial flooring products. It operates through the following segments: Global Ceramic, Flooring North America (NA), and Flooring Rest of the World (ROW). The Global Ceramic segment comprises ceramic, porcelain, and natural stone tile products used for wall and floor applications. A unified system and well-engineered distribution mechanism provide a vital competitive advantage over the competitors in the production of ceramic tile, laminate, carpets & rugs, and wood & vinyl flooring.

During the initial phase of the business, the organization’s business was limited to North America; however, the organization has successfully established its business globally, with a wide variety of sheer-quality products.

The company has its manufacturing facilities in 18 countries. It provides an extensive range of soft and hard surface products for both residential and commercial applications in over 170 countries, with leading market positions in the US, Europe, and Russia.

Siam Cement Group (Thailand) is an investment holding company, which engages in the business of industrial supplies and construction materials. It operates through the following segments: SCG cement-building materials, SCG chemicals, and SCG packaging. The SCG cement-building materials segment is engaged in the manufacture and sale of grey cement, ready-mixed concrete, white cement, dry mortar, roof tiles, concrete paving blocks, ceramic tiles, sanitary wares, and sanitary fittings; distribution of cement, building, and decorative products; and import of fuel products, waste paper, and scrap iron.

Siam Cement has operations in many countries across all regions—such as China, Cambodia, Malaysia, Hong Kong, Australia, Singapore, the US, and the UAE. Thus, the company has a strategically competitive advantage in meeting the needs of consumers across the globe.

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Imerys Minerals (UK) and Keltech Energies (India) are the Key Players in the Perlite Market

The global perlite market size is estimated to grow from USD 1.4 billion in 2020 to USD 1.9 billion by 2025, at a CAGR of 6.3% during the forecast period. The market is projected to witness decent growth in the near future, owing to the wide application in various end use industries of perlite ranging from construction industry. Increasing demand from APAC will further drive the growth of the global perlite market.

Asia Pacific accounted for the largest share of the Perlite market in 2020. Factors such as the rapidly increasing consumption of perlite in the intimate apparels and sportswear industries in countries such as China, Japan, India, South korea, and Australia have led to an increased demand for Perlite in the Asia Pacific region.

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Imerys Minerals (UK), Keltech Energies (India), Dupré Minerals (England), Amol Dicalite (India), and other among others are the leading perlite manufacturers, globally. These companies adopted expansion, and merger & acquisition as their key growth strategies between 2017 and 2020 to earn a competitive advantage in the perlite market.

Imerys Minerals (UK) is the largest player in the market. In October 2020, IMCD US and IMERYS Minerals expanded their distribution agreement. IMCD will now represent IMERYS Performance Minerals as its preferred distributor across the U.S. and Canada.

In June 2020, IMERYS Performance Minerals acquires Cornerstone Industrial Minerals Corp. The acquisition was done to strengthen its offering in the agriculture and horticulture markets.

In December 2019, Keltech Energies expanded its existing & addition of new explosive products at Village Garamsur, Post Dudhala, Tahsil Katol, District Nagpur. The total cost of the project after expansion was Rs. 63.17 crores.

COVID-19 Impact on the Perlite Market

The global Perlite market includes major Tier I and II suppliers like as Imerys Minerals (UK), Keltech Energies Ltd. (India), Dupré Minerals (England), Amol Dicalite (India). These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, and the Rest of the World. COVID-19 has impacted their businesses as well.

These players have announced the suspension of production due to the lowered demand, supply chain bottlenecks, and to protect the safety of their employees in the US, France, Germany, Italy, and Spain during the COVID-19 pandemic. As a result, the demand for perlite is expected to decline in 2020. Manufacturers are likely to adjust production to prevent bottlenecks and plan production according to demand from tier 1 manufacturers.

Kingspan Insulation Ltd (UK) and Sika AG (Sika) (Switzerland) are the Key Players in the Rainscreen Cladding Market

The rainscreen cladding market is projected to grow from USD 10.1 billion in 2019 to USD 14.3 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 7.1% during the forecast year. Demand for rainscreen cladding market can be attributed to the high growth primarily because of the increasing infrastructure and construction activities worldwide. Rainscreen cladding does not protect a building; it also enhances its appearance. The rebound in commercial construction is expected to increase the demand for external rainscreen cladding. Also, the increasing consumer awareness about efficient use of energy in houses and commercial buildings by reducing the amount of resources required for ventilation, heating, and air conditioning may drive rainscreen cladding market growth. However, the risk of water intrusion in the joints of buildings in extreme weather conditions and in areas where rainfall is high may a pose challenge to the industry growth.

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The strategies of expansion and acquisitions accounted for the largest share of all the strategic developments that took place in the rainscreen cladding market between January 2017 and March 2019. Key players such as Kingspan Insulation (UK) and Sika (Switzerland), have adopted these strategies to strengthen their product portfolios, expand their product portfolio, and enhance their growth prospects in the rainscreen cladding market.

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The residential construction industry is estimated to play a key role in the ceramic tiles market

The residential segment is projected to dominate the ceramic tiles market through 2023. With the improvement in macroeconomic conditions globally, the demand for new constructions has increased, owing to which strong growth has been witnessed in new housing projects. Furthermore, factors such as rise in renovation & remodeling activities and rise in population & rapid urbanization are expected to drive the growth of the ceramic tiles market in the coming years. MarketsandMarkets projects that the global ceramic tiles market size will grow from USD 227.89 billion in 2018 to USD 320.07 billion by 2023 at a CAGR of 7.03%. Rapid industrialization and increase in investments in the construction industry are expected to be the major drivers of the ceramic tiles market.

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On the basis of application, the market for ceramic tiles is segmented into floor, wall, roof, and others (ceiling and countertop). The floor segment is expected to be the fastest-growing segment of the ceramic tiles market from 2018 to 2023. Ceramic tiles are employed in the interior as well as the exterior flooring of buildings to meet the requirement of decoration or aesthetics. The application of ceramic tiles on floors ranges from bathrooms and kitchens in households to laboratories, restaurants, medical centers, shopping centers, schools, and government buildings. Their low cost and easy installation also contribute to their growing popularity in a range of residential and non-residential applications.

On the basis of construction type, the new construction segment is projected to be the fastest-growing segment from 2018 to 2023. The new construction segment dominated the ceramic tiles market due to the growing concerns about the rising carbon footprint in the environment, mainly due to the massive energy consumption by the building industry, which, in turn encourage governments across regions to roll out regulations against the use of non-eco-friendly construction materials and to ensure sustainable building practices. Installation of ceramic tiles in new constructions not only guarantees lesser energy consumption but also eliminates the need for frequent tile replacement. Also, installing tiles in new construction projects is more cost-effective than replacing the same later, as the total cost of the tile and labor required for installation has to be paid only once.

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Asia Pacific is projected to be the fastest-growing market in the global ceramic tiles industry, with China accounting for the largest market share in this region, followed by India. In terms of growth rate, Asia Pacific was followed by North America, Middle East & Africa, South America, and Europe. Increase in population, the rise in disposable income of the population, growth in new construction activities, and increase in investments in the residential and commercial sectors is expected to drive the demand for ceramic tiles in Asia Pacific.

Pre-engineered Buildings Market worth $25.0 billion by 2024

The pre-engineered buildings market is projected to grow from USD 14.5 billion in 2019 to reach USD 25.0 billion by 2024, at a CAGR of 11.5%. Factors such as the increasing demand for green buildings and need for reducing construction time and cost, along with the demand for lightweight building structure, drive the pre-engineered buildings market.

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Recent Developments

In March 2019, Nucor Corporation has planned to expand its steel plate production capacity by building a steel plate mill in Brandenburg, KY, US. The company has planned an investment of USD 1.35 billion in the mill. This mill has a planned production capacity of 1.2 million tons of steel products per annum. This is expected to strengthen the company’s steel plate product portfolio, which is further expected to support its pre-engineered buildings production, as steel plates are used as a raw material to manufacture pre-engineered buildings.
In August 2017, Zamil Steel Pre-engineered Building Company signed a contract with Agility Kuwait to build four air-conditioned warehouses in Mina Abdullah, Kuwait. This contract was valued at USD 6.7 million. Under this contract, the company would provide 4,600 metric tons of pre-engineered steel buildings and over 100,000 square meters of sandwich panels.

Scope of the report

Report Metric	Details
Market size available for years	2017-2024
Base year considered	2018
Forecast period	2019-2024
Forecast units	Value (USD) and Volume (Million Square Feet)
Segments covered	Structure, Application, and Region
Geographies covered	North America, Asia Pacific, Europe, South America, and the Middle East & Africa
Companies covered	BlueScope Steel (Australia), NCI Building Systems (US), Nucor Corporation (US), Kirby Building Systems (Kuwait), Zamil Steel Holding Company (Saudi Arabia), ATCO (Canada), Lindab Group (Sweden), PEBS Pennar (India), PEB Steel Buildings (Vietnam), and Everest Industries (India). Total 25 major players covered

Asia Pacific accounted for the largest share in 2018 and is also projected to record the highest growth rate during the forecast period. The key factors driving the growth of the Asia Pacific pre-engineered buildings market are the growth in the residential and non-residential construction industry, huge investments in the infrastructural sector, and rapid industrialization in the developing countries of Asia Pacific. Furthermore, various benefits of these buildings, including time & cost efficiency and reduced environmental impact, as compared to cast-in-situ construction, are fueling the demand for these buildings in the developing countries of Asia Pacific.

Key Questions addressed by the report

Which regions offer immense opportunities in the pre-engineered buildings market?
What are the upcoming industry trends for pre-engineered buildings?
What are the high-growth segments in the pre-engineered buildings market?
What are the factors driving the growth of the market?
What is the competitive scenario in pre-engineered buildings market?

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Pipeline Monitoring Systems Market by Technology (Ultrasonic, PIGs, Smart Ball, and Magnetic Flux Leakage)- Global Forecast to 2026

The pipeline monitoring systems market size is estimated to grow from USD 4.13 Billion in 2015 to USD 8.72 Billion by 2026, at a compound annual growth rate (CAGR) of 7.1% from 2016 to 2026.

The pipeline monitoring systems market is expected to witness high growth as a result of increased number of oil & gas leakages in production, pipelines, and storage tanks due to natural disasters and high pressure along with stringent government regulations for pipeline safety and security and expansion and upgradation of pipelines. The growth in trend of the development of new devices and solutions to monitor the pipeline performance, optimize the resources, automate the functions, and safeguard the operations fuels the growth of pipeline monitoring systems.

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Ultrasonic technology sector to gain maximum traction during the forecast period

The ultrasonic technology segment dominated the market in 2015; however, smart ball technology is projected to be the fastest-growing technology in the next ten years. This could be attributed to the easy deployment of these balls through pipelines with long inspection capability from single deployment. The growth in demand for ultrasonic technology in the pipeline monitoring systems sector is because it is preferred by many oil & gas companies to detect small and large leakages.

In 2018, the North American market accounted for the largest share of total market of pipeline monitoring systems, in terms of value, followed by Europe. However, the Asia-Pacific region is projected to grow at the fastest rate than Europe in the pipeline monitoring systems market. Markets in developing countries such as China, India, Japan, Australia, and countries in the Middle East are projected to grow at a higher rate. This is because of the high population in these country, along with new pipelines under construction, which will increase the demand for pipeline monitoring systems.

The global market for pipeline monitoring systems is dominated by major manufacturers of pipelines and monitoring systems. Siemens AG (Germany), Honeywell International Inc. (U.S.), BAE Systems (U.K.), Perma Pipes (U.S.), Transcanada (Canada), PSI AG (Germany), Pure Technology (Canada), Orbcomm Inc. (U.S.), Huawei (China), and Pentair PLC. (U.K.) are the major manufacturers of pipelines and monitoring systems in the pipeline monitoring systems market. Other players include Atmos International (U.K.), Clampon AS (Norway), ABB Group (Switzerland), Future Fibre Technologies (Australia), Senstar Inc. (Canada), Syrinix (U.K.), Radiobarrier (Russia), TTK (France), Krohne Group (Germany), and Thales Group (France). These companies use various strategies such as mergers & acquisitions, expansions, new product launches, and partnerships to strengthen their position in the market.

Keltech Energies (India) and Dupré Minerals (UK) are the Key Players in the Perlite Market

Perlite is a type of naturally occurring siliceous volcanic rock with a pearly luster formed by the cooling of molten lava. When it is heated to a suitable temperature, it expands 4–20 times of its original volume. This expansion is due to the presence of water in perlite, which when heated, gets vaporized to form tiny bubbles, thereby providing excellent insulation, lightweight, and durability properties. Hence, perlite finds application in construction, horticulture & agriculture, industrial, pharmaceuticals, food products, personal care products, and water treatment, among others. MarketsandMarkets projects that the perlite market, in terms of value, will grow from USD 1.51 billion in 2017 to USD 2.20 billion by 2022, at a compound annual growth rate (CAGR) of 7.78%. The increase in demand for perlite from the construction and agriculture & horticulture sectors drives the growth of the perlite market.

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The key players in the perlite market include Imerys Minerals (UK), Keltech Energies (India), Dupré Minerals (UK), Amol Dicalite (India), IPM Group of Companies (Philippines), Bergama Mining Perlite (Turkey), Supreme Perlite Company (US), Genper Group (Turkey), The Schundler Company (US), and Whittemore Company (US). These players have adopted acquisitions and expansions as the key growth strategies to expand their global presence and increase their market share.

The expansion strategy accounted for the largest share in the perlite market in 2016. Companies such as Keltech Energies (India) and Genper Group (Turkey) adopted this strategy to expand their geographic reach, along with strengthening their manufacturing capabilities, boost product & service portfolios, and enhance their growth prospects in the perlite market.

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Keltech Energies focuses on maintaining a presence throughout the construction value chain through urban planning, property development, and financial engineering; and develops sustainable buildings that take into consideration the technical, environmental, and social issues related to the project. In 2016, Keltech Energies started a new manufacturing plant in Vishwasnagar, Karnataka, India, with all the advanced technologies from Showa Chemical Industry Co, Ltd. (Japan), a leading provider of filter aid solutions. This plant increased its capacity to produce an additional 10,000 tons of filter aids per annum.

Imerys Minerals (UK) businesses are supported by a wide marketing and distribution network, and have established a reputation, thereby gaining strong customer support. In 2015, the company acquired S&B Industrial Minerals S.A. (Greece), with the aim to expand its geographical presence and strengthen its product portfolio. S&B Industrial Minerals was the primary supplier of processed crude perlite that was imported to the US. With this acquisition, Imerys owned six perlite mines and 11 perlite plants located in six countries.