|08-01-2018 02:37 PM CET - IT, New Media & Software||
Pipeline Safety Market : Current Competitive Scenario and Trends with growing CAGR of 10.1%: GE, ABB, Schneider Electric, Siemens, BAE Systems, Future Fibre Technologies, Thales, Senstar, Huawei Technologies
Press release from: Data Bridge Market Research
The Global Pipeline Safety market research report provides key insights on the growth opportunities of this market based on regions, applications and upcoming technologies. It includes detailed analysis of the current market situations such as market size, upcoming developments and investments. Major advancements and key strategies of major companies such as mergers and acquisitions, value chain analysis and SWOT analysis have also been included in this report.
The Global Pipeline Safety Market accounted for USD 6.3 billion in 2016 growing at a CAGR of 10.1% during the forecast period of 2017 to 2024.
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Major competitors involved in this market are GENERAL ELECTRIC, ABB, Schneider Electric, Siemens AG, BAE Systems, Future Fibre Technologies, Thales Group, Senstar Corporation, Syrinix, POLUS-ST, Huawei Technologies Co., Ltd., and others.
Global Pipeline Safety Market By Geography; Technology & Solution (Perimeter Intrusion Detection, Secure Communication, SCADA for Pipeline, Pipeline Monitoring System, ICS); Service (Pipeline Integrity Management Services, Professional Services); Vertical- Industry Trends and Forecast to 2024
Market Drivers and Restraints:
Balanced use of resources
Expansion and upgradation of refineries, drilling sites, and exploration of new Sites
Lack of apprehensions
Increased spending by oil & gas companies for infrastructure and network protection
Growing population and political instability in the middle east
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The global pipeline safety market is segmented on the basis of technology and solution into perimeter intrusion detection; secure communication, SCADA for pipeline, pipeline monitoring system, industrial control systems security (ICS). The secure communication segment is further sub segmented into satellite monitoring and GIS mapping, and video surveillance. The pipeline monitoring system segment is further sub segmented into leakage detection, external threat detection, pig tracking, and integrated fiber optic monitoring.
On the basis of service, the global pipeline safety market is segmented into
pipeline integrity management services, and
The professional services segment is further sub segmented into risk management, consulting services, and repair and maintenance
On the basis of vertical, the global pipeline safety market is segmented into
On the basis of geography, the global pipeline safety market report covers data points for 28 countries across multiple geographies such as
Middle East & Africa
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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Company Share Analysis
The report for global pipeline safety market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.
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