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Soaring Demand Set to Propel Pipeline Safety Market to $16.43 Billion by 2029

10-21-2025 09:11 AM CET | IT, New Media & Software

Press release from: The Business Research Company

Pipeline Safety

Pipeline Safety

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What Is the Expected CAGR for the Pipeline Safety Market Through 2025?
The market size for pipeline safety has robustly expanded in the latest years. The market is forecasted to rise from $9.82 billion in 2024 to $10.67 billion in 2025, with a compound annual growth rate (CAGR) of 8.6%. The growth experienced in the previous period is because of strict regulatory compliance, rising ecological apprehensions, the growth of pipeline networks, public safety awareness, as well as prevention of mishaps and leaks.

What's the Projected Size of the Global Pipeline Safety Market by 2029?
It is anticipated that the pipeline safety market will experience a swift expansion in the coming years. The market's projected value in 2029 is to be $16.43 billion, with a compound annual growth rate (CAGR) of 11.4%. The predicted growth in the forthcoming period can be linked to the incorporation of sophisticated analytics, the increasing use of remote monitoring, an increased emphasis on cybersecurity protocols, and a shifting focus towards proactive maintenance. Notable emerging trends during this prediction period encompass the use of drone technology for surveillance, improved communication and collaboration platforms, regulatory compliance management, the application of augmented reality (AR) for training and maintenance, and the introduction of hybrid pipeline monitoring solutions.

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Top Growth Drivers in the Pipeline Safety Industry: What's Accelerating the Market?
Growing demand for oil and gas is encouraging the development of pipeline systems, a factor instrumental to the expansion of the pipeline safety market. The call for solid, dependable transportation of oil, gas, and other resources across vast distances plays a key role in pipeline infrastructure. This enables energy distribution, cuts transportation expenses, and boosts economic growth across different regions. Pipeline safety augments this infrastructure by ensuring secure transportation of resources, curtailing the risk of leaks, spills, or explosions, and prolonging the life of pipelines through consistent monitoring and maintenance. For example, in February 2024, the national infrastructure and construction pipeline for 2023, as reported on gov.uk, a public sector information website based in the UK, consists of planned investment amounting to £379 ($491.92) billion, with a scheduled £164 ($212.86) billion expected to take place by 2024/25. As such, the growing utilization of piped gas lines furthers the need for the pipeline safety market's advancement.

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What Trends Will Shape the Pipeline Safety Market Through 2029 and Beyond?
In the pipeline safety market, key players are focusing on the creation of advanced safety tools that employ ultrasonic testing techniques. These techniques are used to efficiently and precisely identify leaks, corrosion, and structural faults. The ultrasonic testing method is a non-destructive testing (NDT) approach that uses high-frequency sound waves to spot faults, calculate material thickness, and assess component structural soundness. For example, in October 2024, NDT Global LLC, a company based in the United States, and Saudi Aramco Group, a company based in Saudi Arabia, teamed up to introduce a 56-inch Ultrasonic Inspection Tool. This pipeline safety instrument uses ultrasonic testing technology and high-frequency sound waves to identify internal defects in pipeline materials. The non-invasive testing technique is particularly effective in identifying issues such as corrosion, cracks and other structural faults without damaging the pipeline.

What Are the Main Segments in the Pipeline Safety Market?
The pipeline safetymarket covered in this report is segmented -

1) By Component: Solutions, Services
2) By End User: Natural Gas, Crude Oil, Refined Products, Other End Users
3) By Application: Onshore, Offshore

Subsegments:
1) By Solutions: Pipeline Monitoring Systems, Leak Detection Systems, Pipeline Inspection Systems, Risk Assessment Software, Other Safety Solutions
2) By Services: Consulting Services, Maintenance And Repair Services, Training And Support Services, Emergency Response Services, Other Safety Services

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Which Top Companies are Driving Growth in the Pipeline Safety Market?
Major companies operating in the pipeline safety market include Exxon Mobil Corporation, Chevron Corporation, Marathon Petroleum Corporation, Valero Energy Corporation, The Phillips 66 Company, Energy Transfer Partners L.P., Siemens AG, General Electric Company, Plains All American Pipeline L.P., Cisco Systems Inc., Enbridge Inc., Schneider Electric SE, Honeywell International Inc., ABB Ltd., Kinder Morgan Inc., TransCanada Corporation, Williams Companies Inc., Rockwell Automation Inc., AVEVA Group plc, Total Safety Inc., Perma-Pipe Inc., Senstar Corp, Future Fiber Technologies, TTK Leak detection System, ESRI Inc., Magellan Midstream Partners L.P.

Which Regions Will Dominate the Pipeline Safety Market Through 2029?
North America was the largest region in the pipeline safety market in 2024. Asia-Pacific is expected to grow faster in the forecast period. The regions covered in the pipeline safety market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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