Enterprise Pipeline Management Solutions Market Perceive Substantial Growth at High CAGR of 4.7% by 2026
According to Publisher, the Global Enterprise Pipeline Management Solutions Market is expected to grow at a CAGR of 4.7% during the forecast period.
Factors attributing the market growth are the emergence of big data analytics, pipelines for long-distance oil and gas transport and increasing demand for natural gas. However, reduced demand for new pipeline setups poses a threat to the market.
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Based on Application, Gas Hydrocarbon pipeline transportation operations pipelines strive to operate with the highest level of safety and reliability. Control and monitoring system applications designed to manage day-to-day activities of gas ensuring safe and efficient operations. The EPMS supplements a core SCADA platform with specific gas and liquid applications that enable a pipeline operator to manage delivery contracts and associated logistics in a safe, cost-effective, and efficient manner. Energy is a big contributor to the operational cost for the transportation of gas and liquid products.
North America is witness to be the highest revenue generator due to expanding oil and gas industries. Latin America will grow significantly due to the discovery of new oil and gas fields.
Some of the key players in Global Enterprise Pipeline Management Solutions market are Cisco, Emerson, GE, HCL Technologies, Honeywell, Rockwell Automation, SAP, Schneider Electric, Wipro and Yokogawa.
– Other Pipes
– Oil pipeline
– Gas pipeline
End Users Covered:
– Large Enterprises
– Small and Medium Enterprises
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