Pipeline Monitoring Systems Market Outlook
Joey Moore22 Aug, 2024Technology
The global pipeline monitoring systems market size reached US$ 16 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 29 Billion by 2032, exhibiting a growth rate (CAGR) of 6.53% during 2024-2032. Governments worldwide are implementing stricter regulations to ensure the safety and environmental compliance of pipeline operations. These regulations mandate the installation and use of advanced pipeline monitoring systems to detect leaks, corrosion, and other potential hazards. Compliance with these regulations is driving the demand for pipeline monitoring solutions, contributing to market growth.
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