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Pipeline Safety Market: Market Segments: By Component [Solutions (Pipeline Monitoring System, Secure Communication, Perimeter Intrusion Detection, SCADA for Pipelines, and ICS Security) and Services]; By Technology (SCADA Systems, Intruder Detection System, Industrial Control Systems Security, Vide- Surveillance & GIS Mapping and Pipeline Monitoring); By Vertical (Natural Gas, Crude Oil, Refined Products and Other); and Region - Global Analysis by Market Size, Share & Trends for 2014 - 2020 and Forecasts t- 2030
Product Overview
Pipelines are used around the country t- move gas & liquid goods t- different places and t- consumers over long distances. Such pipelines are known as a secure and efficient means of transporting dangerous goods over huge distances. Improper handling and distribution of these dangerous goods can, however, jeopardize human life and adversely affect the environment.
Market Highlights
Pipeline Safety Market is expected t- project a notable CAGR of 9.84% in 2030.
Pipeline Safety Market t- surpass USD 16.95 billion by 2030 from USD 7.12 billion in 2019 at a CAGR of 9.84% throughout the forecast period, i.e., 2020-30. Market growth is als- expected t- be driven by improved investment by most oil and gas companies on pipeline infrastructure, network surveillance, leak detection, and the increase in the number of oil and gas leakage incidences/accidents.
Pipeline Safety Market: Segments
SCADA System segment t- grow with the highest CAGR of 5.15% during 2020-30
Pipeline Safety Market is segmented by Technology as SCADA system, perimeter security/intruder detection system, vide- surveillance & GIS mapping, industrial control systems security, pipeline monitoring and other. The larger market share in 2019 was accounted by industrial control systems security segment held the largest share of the Pipeline Safety market and this trend is projected t- prevail during the forecast period.
Pipeline Safety Market: Market Dynamics
Drivers
Increased Spending of Oil & Gas Companies
As pipeline infrastructures are easily exposed t- sabotage, illicit tapping, militant and terrorist actions, combined with leak detection and in-line equipment failure, the need t- track oil, gas and refined products has increased. Due t- the increase in demand for oil and gas in most major nations, there has been a substantial increase in pipeline infrastructure. For thousands of miles, pipelines are laid through various regions t- move and distribute oil and gas products.
Restrain
High Implementation and Maintenance Costs
The cost of pipeline protection and leak detection system implementation for oil and gas varies with technology. System design, integration & consultancy, and maintenance and service support are the other factors restricting the growth of the pipeline safety market. The above-mentioned prices show that the cost of monitoring and leak detection systems is high.
Pipeline Safety Market: Key Players
ABB (Switzerland)
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence and SWOT Analysis.
Honeywell International Inc.
General Electric Company
ABB Ltd.
Rockwell Automation, Inc.
Siemens AG
Schneider Electric S.E.
Optasense Ltd.
Senstar Corporation
Huawei Technologies USA, Inc.
ESRI Inc.
Thales SA
Pipeline Safety Market: Regions
Pipeline Safety Market is segmented based on regional analysis int- five major regions. These include North America, Latin America, Europe, APAC and MENA.
Pipeline Safety Market in Europe held the largest market share of XX.X% in the year 2019. The growing investment in oil and gas is contributing significantly t- the growth of the region's pipeline protection industry. The European Union (EU) is highly dependent on external supplies of natural gas and in the past has undergone significant gas cuts, caused mainly by the technological difficulty and political uncertainty of the high-pressure natural gas system in some of the supplying countries. Asia Pacific is becoming a highly prospective market with growing awareness of the increase in business efficiency, augmented by competently built pipeline safety platforms provided by suppliers in this area. Emerging economies, such as India, China, and Japan, compose the region. With the substantial increase in the construction of pipelines across China, Pakistan and India, the need for robust security measures t- be deployed has increased significantly. Safety issues about pipeline attacks and damage caused by natural disasters and piracy are the regions key concern.
Pipeline Safety Market report als- contains analysis on:
Pipeline Safety Market Segments:
By Component:
Solutions
Services
- Pipeline Integrity Management
- Professional Services
- Risk Management
- Engineering and Consulting
By Technology:
SCADA System
Perimeter Security/Intruder Detection System
Industrial Control Systems Security
Vide- Surveillance & GIS Mapping
Pipeline Monitoring
Other Technology and Solutions
By Vertical:
Natural Gas
Crude Oil
Refined Products
Other
Pipeline Safety Market Dynamics
Pipeline Safety Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
FAQs on Pipeline Safety Market
Which segment is anticipated t- hold the largest market share?
At what CAGR is the market anticipated t- grow between 2020 and 2030?
Wh- are the key players in the Pipeline Safety Market?
What could be the challenging factors in the growth of Pipeline Safety Market?
What are the growth drivers for the Pipeline Safety Market?