Pipeline Safety Market Size - Industry Share Report 2021

Pipeline Safety Market Size, Share, Price | Industry Report 2021 Market Research Report to It’s a Database.

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“The increased spending by oil & gas companies for infrastructure and network protection and upgradation of oil refineries, pipelines, and drilling sites are some of the factors expected to drive the pipeline market”

The pipeline safety market size is estimated to grow from USD 5.57 billion in 2016 to USD 8.67 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 9.3%. The growth is attributed to the increasing pipeline infrastructure all around the globe and increasing cyber-attacks on critical infrastructure. The growing number of pipeline projects in the Asia-Pacific (APAC) owing to the increasing energy needs are driving the growth of the market in the region; high technological spending in North America and Europe are also contributing to the growth of the pipeline safety market in these regions. However, lack of apprehension about security implementation by operators is restraining the pipeline safety growth.

“SCADA for pipelines and pipeline monitoring systems are expected to gain noticeable traction during the forecast period”

The Supervisory Control and Data Acquisition (SCADA) for pipeline segment is expected to grow at the highest CAGR among all the technologies and solutions during the forecast period. SCADA provides a real-time solution specific to the requirements of oil and gas industry. The flexible solution is gaining traction, as it provides open interface for customization depending upon pipeline requirements.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key industry personnel. The break-up profile of primary discussion participants is given below.

• By Company Type: Tier-1 (35%), Tier-2 (40%), and Tier-3 (25%) companies
• By Designation: C-level (40%), Director Level (30%), and others (30%)
• By Region: North America (40%), APAC (25%), Europe (20%), and Rest of the World (15%)

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Key players include:

• ABB Group (Zurich, Switzerland)
• GE Security (New York, U.S.)
• Schneider Electric (Rueil-Malmaison, France)
• Siemens AG (Munich, Germany)
• Honeywell International (Wabash, Indiana, U.S.)
• BAE Systems (London, U.K.)
• Future Fiber Technologies (Melbourne, Australia)
• Huawei (Shenzhen, China)
• Thales Group (La Defense, France)
• Senstar (Ontario, Canada)
• Key Innovators - Syrinix (U.K.)
• Key Innovators - Radiobarrier (Russia)

Research Coverage:

The report carries discussion on various pipeline safety segments, such as by technology and solution (perimeter intrusion detection, secure communication, SCADA for pipelines, pipeline monitoring systems, industrial control system security), vertical (natural gas, crude oil, refined products, others), and service (professional services, pipeline integrity management services).

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