Global Pipeline Monitoring Systems Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035
- PUBLISHED ON
- 9/22/2022
- NO OF PAGES
- 274
- CATEGORY
- Heavy Industry
Market Overview:
The global Pipeline monitoring systems market was valued at USD 14.68 billion in 2022 and expected to grow at a CAGR of 8.6% during the forecast period.
A pipeline monitoring system is an integrated set of hardware and software components designed to monitor and analyze the operation of oil and gas pipelines. These systems are used to ensure safe and reliable transportation of oil and gas through pipelines by detecting and responding to any potential hazards or abnormal conditions.
Pipeline monitoring systems typically include sensors that are placed along the length of the pipeline to monitor key parameters such as pressure, flow rate, temperature, and chemical composition. These sensors transmit real-time data to a central control system, where it is analyzed and processed to detect any potential issues or anomalies. The control system can then alert operators or automatically shut down the pipeline in the event of a safety or operational concern.
In addition to monitoring pipeline operations, these systems can also help to detect and locate leaks or other incidents, and can provide valuable data for maintenance and optimization of pipeline performance. Some advanced pipeline monitoring systems may also incorporate machine learning algorithms and predictive analytics to identify potential issues before they occur and improve the accuracy of detection and response.
Pipeline monitoring systems are critical for ensuring the safe and reliable operation of oil and gas pipelines, which are essential for the transportation of energy resources across long distances. The use of these systems can help to prevent environmental damage, minimize the risk of accidents, and ensure uninterrupted supply of energy resources to end-users.
Covid-19 Impact:
The COVID-19 pandemic has had a mixed impact on the pipeline monitoring system market. Here are some ways in which the pandemic has affected the industry:
Delayed implementation: The implementation of new pipeline monitoring systems has been delayed due to supply chain disruptions and restrictions on travel and workforce mobility. The pandemic has made it difficult to carry out site visits and installations, which has led to delays in the implementation of new systems.
Reduced demand: The decline in oil and gas demand during the pandemic has resulted in reduced demand for pipeline monitoring systems. Many oil and gas companies have cut back on capital expenditures, including investments in pipeline monitoring systems, in response to the pandemic-induced economic slowdown.
Increased need for remote monitoring: The pandemic has increased the need for remote monitoring of pipelines, as many companies have reduced their on-site workforce to comply with social distancing guidelines. This has led to increased demand for remote monitoring solutions, which can allow pipeline operators to monitor pipeline operations from a central location.
Increased focus on safety: The pandemic has increased the focus on safety in the pipeline industry, which has led to increased demand for pipeline monitoring systems. Pipeline operators are looking to improve safety and reduce the risk of accidents and incidents, which has led to increased interest in pipeline monitoring systems that can help detect and respond to potential issues.
Short-term market contraction: The pipeline monitoring system market experienced a short-term contraction in 2020 due to the pandemic. However, the market is expected to recover and grow over the long term as oil and gas demand rebounds and the industry continues to prioritize safety and efficiency.
Market Dynamics:
Drivers:
Increasing demand for oil and gas: The demand for oil and gas is expected to increase in the coming years due to population growth, urbanization, and industrialization. This will lead to the construction of new pipelines and the expansion of existing pipeline networks, driving demand for pipeline monitoring systems.
Stringent government regulations: Governments around the world are imposing stringent regulations to ensure the safety and reliability of pipeline operations. This includes regulations related to pipeline monitoring, leak detection, and pipeline integrity management. These regulations are driving demand for pipeline monitoring systems that can help operators comply with these regulations.
Aging pipeline infrastructure: Much of the world's pipeline infrastructure is aging and in need of replacement or repair. This presents an opportunity for pipeline monitoring system providers to offer solutions that can help operators manage the integrity and safety of aging pipelines.
Advancements in technology: Advancements in sensing technology, data analytics, and machine learning are making pipeline monitoring systems more effective and efficient. This is driving demand for advanced pipeline monitoring systems that can provide more accurate and real-time data to operators.
Increasing focus on safety and environmental protection: Pipeline operators are increasingly focused on safety and environmental protection. Pipeline monitoring systems can help operators detect and respond to potential issues before they become serious safety or environmental hazards.
Restraints:
High initial cost: The initial cost of implementing a pipeline monitoring system can be high, which can deter some pipeline operators from investing in these systems. The cost includes not only the hardware and software components but also installation and ongoing maintenance expenses.
Limited adoption: While some pipeline operators have implemented monitoring systems, there are still many pipelines that rely on manual monitoring methods. This can be due to a lack of awareness or understanding of the benefits of pipeline monitoring systems, or due to budget constraints.
Technical challenges: Pipeline monitoring systems can face technical challenges such as communication interference, environmental factors, and power supply issues. These challenges can impact the accuracy and reliability of the data collected by the system.
Data management challenges: Pipeline monitoring systems generate a large amount of data, which can be challenging to manage and analyze. Operators must have the necessary data management and analytics capabilities to effectively use the data generated by these systems.
Cybersecurity risks: Pipeline monitoring systems are vulnerable to cybersecurity risks, including cyber attacks and data breaches. The increasing use of digital technologies and the internet of things (IoT) has increased the vulnerability of pipeline monitoring systems to cyber threats.
Regional Analysis:
North America: North America is a mature market for pipeline monitoring systems, with a well-established pipeline infrastructure. The United States is the largest market in the region, accounting for a significant share of the market. The demand for pipeline monitoring systems in North America is driven by stringent government regulations and aging pipeline infrastructure.
Europe: Europe is a significant market for pipeline monitoring systems, driven by the demand for oil and gas, government regulations, and the need to replace aging pipeline infrastructure. The demand for pipeline monitoring systems is expected to increase in the coming years as European countries work to transition to cleaner energy sources and reduce their reliance on fossil fuels.
Asia-Pacific: The Asia-Pacific region is a growing market for pipeline monitoring systems, driven by increasing demand for oil and gas, government regulations, and the need to build new pipeline infrastructure. China and India are expected to be significant markets in the region due to their rapidly growing economies and increasing demand for energy.
Middle East and Africa: The Middle East and Africa are significant markets for pipeline monitoring systems, driven by the region's large oil and gas reserves and the need to transport these resources to markets around the world. The demand for pipeline monitoring systems in the region is also driven by government regulations related to safety and environmental protection.
Latin America: Latin America is a growing market for pipeline monitoring systems, driven by increasing demand for oil and gas and the need to build new oil and gas reserves.
Competitive Landscape:
The global Pipeline monitoring systems market is highly competitive and fragmented with the presence of several players. These companies are constantly focusing on new product development, partnerships, collaborations, and mergers and acquisitions to maintain their market position and expand their geographical presence.
Some of the key players operating in the market are:
· ABB Ltd.
· Emerson Electric Co.
· Generic Electric Co.
· Honeywell International Inc.
· Huawei Investment and Holding Co. Ltd.
· ORBCOMM Inc.
· QinetiQ Group Plc
· Rockwell Automation Inc.
· Schneider Electric SE
· Siemens AG
· Others
Segments
By Technology
· PIGs
· Smart Ball
· Acoustic/Ultrasonic
· Magnetic Flux Leakage Technology
· Fiber Optic Technology
· Mass Volume/Balance
· LIDAR
· Vapor Sensing
· Others
By Type
· Metallic
· Non-metallic
· Others
By Application
· Leak Detection
· Operating Condition
· Pipeline Break Detection
· Others
By Vertical
· Oil & Gas
· Water & Wastewater
· Others
By Geography
· North America
o U.S.
o Canada
o Mexico
· Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Russia
· Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o ASEAN
· Latin America
o Brazil
o Argentina
o Colombia
· MEA
o South Africa
o Saudi Arabia
o UAE
o Egypt
Global Pipeline Monitoring Systems Market: Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.
Frequently Asked Questions
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Historic Year: 2016-2022
Forecast: 2024-2035
1 Pipeline Monitoring Systems Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Pipeline Monitoring Systems
1.3 Pipeline Monitoring Systems Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Pipeline Monitoring Systems
1.4.2 Applications of Pipeline Monitoring Systems
1.5 Market Exchange Rate
2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source
3 Market Competition Analysis
3.1 Transcanada Market Performance Analysis
3.1.1 Transcanada Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 Transcanada Sales, Value, Price, Gross Margin 2016-2021
3.2 ABB Group Market Performance Analysis
3.2.1 ABB Group Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 ABB Group Sales, Value, Price, Gross Margin 2016-2021
3.3 Honeywell International Market Performance Analysis
3.3.1 Honeywell International Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 Honeywell International Sales, Value, Price, Gross Margin 2016-2021
3.4 Radiobarrier Market Performance Analysis
3.4.1 Radiobarrier Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 Radiobarrier Sales, Value, Price, Gross Margin 2016-2021
3.5 Huawei Market Performance Analysis
3.5.1 Huawei Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 Huawei Sales, Value, Price, Gross Margin 2016-2021
3.6 Pentair Market Performance Analysis
3.6.1 Pentair Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 Pentair Sales, Value, Price, Gross Margin 2016-2021
3.7 Clampon AS Market Performance Analysis
3.7.1 Clampon AS Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 Clampon AS Sales, Value, Price, Gross Margin 2016-2021
3.8 TTK Market Performance Analysis
3.8.1 TTK Basic Information
3.8.2 Product and Service Analysis
3.8.3 Strategies for Company to Deal with the Impact of COVID-19
3.8.4 TTK Sales, Value, Price, Gross Margin 2016-2021
3.9 Perma Pipes Market Performance Analysis
3.9.1 Perma Pipes Basic Information
3.9.2 Product and Service Analysis
3.9.3 Strategies for Company to Deal with the Impact of COVID-19
3.9.4 Perma Pipes Sales, Value, Price, Gross Margin 2016-2021
3.10 Krohne Group Market Performance Analysis
3.10.1 Krohne Group Basic Information
3.10.2 Product and Service Analysis
3.10.3 Strategies for Company to Deal with the Impact of COVID-19
3.10.4 Krohne Group Sales, Value, Price, Gross Margin 2016-2021
3.11 Thales Group Market Performance Analysis
3.11.1 Thales Group Basic Information
3.11.2 Product and Service Analysis
3.11.3 Strategies for Company to Deal with the Impact of COVID-19
3.11.4 Thales Group Sales, Value, Price, Gross Margin 2016-2021
3.12 Orbcomm Market Performance Analysis
3.12.1 Orbcomm Basic Information
3.12.2 Product and Service Analysis
3.12.3 Strategies for Company to Deal with the Impact of COVID-19
3.12.4 Orbcomm Sales, Value, Price, Gross Margin 2016-2021
3.13 Syrinix Market Performance Analysis
3.13.1 Syrinix Basic Information
3.13.2 Product and Service Analysis
3.13.3 Strategies for Company to Deal with the Impact of COVID-19
3.13.4 Syrinix Sales, Value, Price, Gross Margin 2016-2021
3.14 Atmos International Market Performance Analysis
3.14.1 Atmos International Basic Information
3.14.2 Product and Service Analysis
3.14.3 Strategies for Company to Deal with the Impact of COVID-19
3.14.4 Atmos International Sales, Value, Price, Gross Margin 2016-2021
3.15 Senstar Market Performance Analysis
3.15.1 Senstar Basic Information
3.15.2 Product and Service Analysis
3.15.3 Strategies for Company to Deal with the Impact of COVID-19
3.15.4 Senstar Sales, Value, Price, Gross Margin 2016-2021
3.16 Siemens AG Market Performance Analysis
3.16.1 Siemens AG Basic Information
3.16.2 Product and Service Analysis
3.16.3 Strategies for Company to Deal with the Impact of COVID-19
3.16.4 Siemens AG Sales, Value, Price, Gross Margin 2016-2021
3.17 Future Fibre Technologies Market Performance Analysis
3.17.1 Future Fibre Technologies Basic Information
3.17.2 Product and Service Analysis
3.17.3 Strategies for Company to Deal with the Impact of COVID-19
3.17.4 Future Fibre Technologies Sales, Value, Price, Gross Margin 2016-2021
3.18 PSI AG Market Performance Analysis
3.18.1 PSI AG Basic Information
3.18.2 Product and Service Analysis
3.18.3 Strategies for Company to Deal with the Impact of COVID-19
3.18.4 PSI AG Sales, Value, Price, Gross Margin 2016-2021
4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Pipeline Monitoring Systems Production and Value by Type
4.1.1 Global Pipeline Monitoring Systems Production by Type 2016-2021
4.1.2 Global Pipeline Monitoring Systems Market Value by Type 2016-2021
4.2 Global Pipeline Monitoring Systems Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 Ultrasonic Market Production, Value and Growth Rate
4.2.2 Magnetic Flux Leakage Market Production, Value and Growth Rate
4.2.3 PIGs Market Production, Value and Growth Rate
4.2.4 Smart Ball Market Production, Value and Growth Rate
4.2.5 Other Market Production, Value and Growth Rate
4.3 Global Pipeline Monitoring Systems Production and Value Forecast by Type
4.3.1 Global Pipeline Monitoring Systems Production Forecast by Type 2021-2026
4.3.2 Global Pipeline Monitoring Systems Market Value Forecast by Type 2021-2026
4.4 Global Pipeline Monitoring Systems Market Production, Value and Growth Rate by Type Forecast 2021-2026
4.4.1 Ultrasonic Market Production, Value and Growth Rate Forecast
4.4.2 Magnetic Flux Leakage Market Production, Value and Growth Rate Forecast
4.4.3 PIGs Market Production, Value and Growth Rate Forecast
4.4.4 Smart Ball Market Production, Value and Growth Rate Forecast
4.4.5 Other Market Production, Value and Growth Rate Forecast
5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Pipeline Monitoring Systems Consumption and Value by Application
5.1.1 Global Pipeline Monitoring Systems Consumption by Application 2016-2021
5.1.2 Global Pipeline Monitoring Systems Market Value by Application 2016-2021
5.2 Global Pipeline Monitoring Systems Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Crude & Refined Petroleum Market Consumption, Value and Growth Rate
5.2.2 Water & Wastewater Market Consumption, Value and Growth Rate
5.2.3 Other Market Consumption, Value and Growth Rate
5.3 Global Pipeline Monitoring Systems Consumption and Value Forecast by Application
5.3.1 Global Pipeline Monitoring Systems Consumption Forecast by Application 2021-2026
5.3.2 Global Pipeline Monitoring Systems Market Value Forecast by Application 2021-2026
5.4 Global Pipeline Monitoring Systems Market Consumption, Value and Growth Rate by Application Forecast 2021-2026
5.4.1 Crude & Refined Petroleum Market Consumption, Value and Growth Rate Forecast
5.4.2 Water & Wastewater Market Consumption, Value and Growth Rate Forecast
5.4.3 Other Market Consumption, Value and Growth Rate Forecast
6 Global Pipeline Monitoring Systems by Region, Historical Data and Market Forecasts
6.1 Global Pipeline Monitoring Systems Sales by Region 2016-2021
6.2 Global Pipeline Monitoring Systems Market Value by Region 2016-2021
6.3 Global Pipeline Monitoring Systems Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Pipeline Monitoring Systems Sales Forecast by Region 2021-2026
6.5 Global Pipeline Monitoring Systems Market Value Forecast by Region 2021-2026
6.6 Global Pipeline Monitoring Systems Market Sales, Value and Growth Rate Forecast by Region 2021-2026
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa
7 United State Market Size Analysis 2016-2026
7.1 United State Pipeline Monitoring Systems Value and Market Growth 2016-2021
7.2 United State Pipeline Monitoring Systems Sales and Market Growth 2016-2021
7.3 United State Pipeline Monitoring Systems Market Value Forecast 2021-2026
8 Canada Market Size Analysis 2016-2026
8.1 Canada Pipeline Monitoring Systems Value and Market Growth 2016-2021
8.2 Canada Pipeline Monitoring Systems Sales and Market Growth 2016-2021
8.3 Canada Pipeline Monitoring Systems Market Value Forecast 2021-2026
9 Germany Market Size Analysis 2016-2026
9.1 Germany Pipeline Monitoring Systems Value and Market Growth 2016-2021
9.2 Germany Pipeline Monitoring Systems Sales and Market Growth 2016-2021
9.3 Germany Pipeline Monitoring Systems Market Value Forecast 2021-2026
10 UK Market Size Analysis 2016-2026
10.1 UK Pipeline Monitoring Systems Value and Market Growth 2016-2021
10.2 UK Pipeline Monitoring Systems Sales and Market Growth 2016-2021
10.3 UK Pipeline Monitoring Systems Market Value Forecast 2021-2026
11 France Market Size Analysis 2016-2026
11.1 France Pipeline Monitoring Systems Value and Market Growth 2016-2021
11.2 France Pipeline Monitoring Systems Sales and Market Growth 2016-2021
11.3 France Pipeline Monitoring Systems Market Value Forecast 2021-2026
12 Italy Market Size Analysis 2016-2026
12.1 Italy Pipeline Monitoring Systems Value and Market Growth 2016-2021
12.2 Italy Pipeline Monitoring Systems Sales and Market Growth 2016-2021
12.3 Italy Pipeline Monitoring Systems Market Value Forecast 2021-2026
13 Spain Market Size Analysis 2016-2026
13.1 Spain Pipeline Monitoring Systems Value and Market Growth 2016-2021
13.2 Spain Pipeline Monitoring Systems Sales and Market Growth 2016-2021
13.3 Spain Pipeline Monitoring Systems Market Value Forecast 2021-2026
14 Russia Market Size Analysis 2016-2026
14.1 Russia Pipeline Monitoring Systems Value and Market Growth 2016-2021
14.2 Russia Pipeline Monitoring Systems Sales and Market Growth 2016-2021
14.3 Russia Pipeline Monitoring Systems Market Value Forecast 2021-2026
15 China Market Size Analysis 2016-2026
15.1 China Pipeline Monitoring Systems Value and Market Growth 2016-2021
15.2 China Pipeline Monitoring Systems Sales and Market Growth 2016-2021
15.3 China Pipeline Monitoring Systems Market Value Forecast 2021-2026
16 Japan Market Size Analysis 2016-2026
16.1 Japan Pipeline Monitoring Systems Value and Market Growth 2016-2021
16.2 Japan Pipeline Monitoring Systems Sales and Market Growth 2016-2021
16.3 Japan Pipeline Monitoring Systems Market Value Forecast 2021-2026
17 South Korea Market Size Analysis 2016-2026
17.1 South Korea Pipeline Monitoring Systems Value and Market Growth 2016-2021
17.2 South Korea Pipeline Monitoring Systems Sales and Market Growth 2016-2021
17.3 South Korea Pipeline Monitoring Systems Market Value Forecast 2021-2026
18 Australia Market Size Analysis 2016-2026
18.1 Australia Pipeline Monitoring Systems Value and Market Growth 2016-2021
18.2 Australia Pipeline Monitoring Systems Sales and Market Growth 2016-2021
18.3 Australia Pipeline Monitoring Systems Market Value Forecast 2021-2026
19 Thailand Market Size Analysis 2016-2026
19.1 Thailand Pipeline Monitoring Systems Value and Market Growth 2016-2021
19.2 Thailand Pipeline Monitoring Systems Sales and Market Growth 2016-2021
19.3 Thailand Pipeline Monitoring Systems Market Value Forecast 2021-2026
20 Brazil Market Size Analysis 2016-2026
20.1 Brazil Pipeline Monitoring Systems Value and Market Growth 2016-2021
20.2 Brazil Pipeline Monitoring Systems Sales and Market Growth 2016-2021
20.3 Brazil Pipeline Monitoring Systems Market Value Forecast 2021-2026
21 Argentina Market Size Analysis 2016-2026
21.1 Argentina Pipeline Monitoring Systems Value and Market Growth 2016-2021
21.2 Argentina Pipeline Monitoring Systems Sales and Market Growth 2016-2021
21.3 Argentina Pipeline Monitoring Systems Market Value Forecast 2021-2026
22 Chile Market Size Analysis 2016-2026
22.1 Chile Pipeline Monitoring Systems Value and Market Growth 2016-2021
22.2 Chile Pipeline Monitoring Systems Sales and Market Growth 2016-2021
22.3 Chile Pipeline Monitoring Systems Market Value Forecast 2021-2026
23 South Africa Market Size Analysis 2016-2026
23.1 South Africa Pipeline Monitoring Systems Value and Market Growth 2016-2021
23.2 South Africa Pipeline Monitoring Systems Sales and Market Growth 2016-2021
23.3 South Africa Pipeline Monitoring Systems Market Value Forecast 2021-2026
24 Egypt Market Size Analysis 2016-2026
24.1 Egypt Pipeline Monitoring Systems Value and Market Growth 2016-2021
24.2 Egypt Pipeline Monitoring Systems Sales and Market Growth 2016-2021
24.3 Egypt Pipeline Monitoring Systems Market Value Forecast 2021-2026
25 UAE Market Size Analysis 2016-2026
25.1 UAE Pipeline Monitoring Systems Value and Market Growth 2016-2021
25.2 UAE Pipeline Monitoring Systems Sales and Market Growth 2016-2021
25.3 UAE Pipeline Monitoring Systems Market Value Forecast 2021-2026
26 Saudi Arabia Market Size Analysis 2016-2026
26.1 Saudi Arabia Pipeline Monitoring Systems Value and Market Growth 2016-2021
26.2 Saudi Arabia Pipeline Monitoring Systems Sales and Market Growth 2016-2021
26.3 Saudi Arabia Pipeline Monitoring Systems Market Value Forecast 2021-2026
27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
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