Introduction of new and advanced technologies in the industry is highly increasing the demand of refined petroleum products pipeline transportation market. Several countries have begun with the usage of drones and advanced surveillance systems for pipeline monitoring and also to protect oil pipelines from any disrupt acts. With this new robotics and IoT solutions are expected to shape the future of pipeline management in the coming years.
THE BUSINESS RESEARCH COMPANY VALUED THE GLOBAL REFINED PETROLEUM PRODUCTS PIPELINE TRANSPORTATION MARKET AT $2 BILLION IN 2017
North America was the largest geographic region in the market, accounting for more than one-third of the global market. The USA was the largest country accounting for more than 25% of the global refined petroleum products pipeline transportation market.
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According to The Business Research Company’s Consultant, Oliver Guirdham, inline scrutiny also known as smart pigging, is increasingly used by pipelines operator to ensure safety and outspread the design life of more than 2-million miles of high pressure pipelines. This new technology keeps the pipelines in prime state. It not only detects possible fiasco device but also detect them long before they can threaten the lines.
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The top companies covered are Buckeye Partners, Shell Pipeline Company LP, NuStar Energy LP, Dte Pipeline Co, and Gulf South Pipeline Co LP. Buckeye Partners was the largest player in the global refined petroleum products pipeline transportation market in 2017, with revenues of $1 billion in 2016. Buckeye’s strategy aims at diversifying business across new products as well as new geographic locations by acquisition.
The refined petroleum products pipeline transportation industry comprises establishments primarily engaged in the pipeline transportation of refined petroleum products.
Refined Petroleum Products Pipeline Transportation Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $4000 for an individual user. To use across your office, the price is $6000 and $8000 if you wish to use across a multinational company.
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