Global pipeline safety market is projected to witness considerable growth over the forecast period on account of increasing concern regarding real time monitoring of process fluid dynamics in several industries such as power supply, oil & gas, transportation and industrial manufacturing. Stringent regulations regarding leakages affecting environment in power generation and chemical industries are expected to bolster pipeline safety market over the next seven years. Many industries deal with hazardous material and flammable compounds that require enormous safety. This is expected to bolster pipeline safety market over the forecast period. Stringent legislations regarding industrial safety by national governments is expected to fuel pipeline safety market growth over foreseeable future. Requirement for frequent maintenance, integration & consultancy, and service support are anticipated to hinder the market growth over the forecast period.
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Pipeline safety market provides services to monitor and regulate fluid mechanics, contaminants accumulation, breakage detection and external impacts on pipeline. The market comprises several instruments, equipment and software systems which help to detect any kind of faults in the system. Pipeline safety market supports industries to run smoothly with enhanced safety management. Technological advancements such as smart pigging, acoustic leak detectors, laser scanning and real-time surveillance is expected to provide significant growth opportunities to market participants over the next few years.
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