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Further Key Findings from the Study Suggest:

• From 2016 to 2025, CPO is projected to register growth rates above 8%, which can be attributed to lowered import duties. CPO import volume was nearly 6.50 million tons in 2014

• Indonesia and Malaysia accounted for approximately 90% of the imports in 2015. Kandla, Krishnapatanam, Kolkata, Kakinada, Mangalore and Nhava Sheva were the leading ports of entry from 2014 to 2016

• Export taxes of CPO in Indonesia and Malaysia range from 7.5%-22.5% and 4.5%-8.5% respectively. These countries use futures exchange (Bursa Malaysia), FOB quotes, and CIF prices as benchmarks

• Edible oil applications accounted for nearly 95% of the consumption volume in 2015. The segment growth is further expected to be driven by high demand from processed foods, fast food chains, and households

The factors that drive the global pipeline monitoring systems industry include growth in leakages in oil & gas industry, government regulations for safety and monitoring, and the need to prevent large storage tanks. In addition, investments made by governments in pipeline infrastructure are expected to boost the pipeline monitoring systems market growth. However, political instability is expected to hamper the pipeline monitoring systems market growth.

The rise in concerns about pipeline security has led to increased expenditure for reliable and authentic monitoring networks by oil & gas companies. Moreover, enhanced adoption of pipelines globally is expected to result in increase in market size by 2022.

The global pipeline monitoring systems market is segmented on the basis of pipe, technology, end user, and geography. Based on pipe, it is divided into metallic pipe and non-metallic pipe. By technology, it is classified into ultrasonic, smart ball, magnetic flux leakage technology, pipeline inspection gauges (PIGs), and others. Based on end user, it is categorized into petroleum, water & wastewater, and others.

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