The future of the global pipeline safety market looks promising with opportunities in the natural gas, crude oil, and refined product markets. The global pipeline safety market is expected to grow with a CAGR of 8%-10% from 2020 to 2025. The major drivers for this market are sustainable use of the resources, increased spending by the oil & gas companies in infrastructure and network protection, and increasing number of tragedies such as chemical gas leakage & terrorist attacks.
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In this market, SCADA for pipelines is the largest solution product segment of pipeline safety, whereas natural gas is the largest vertical segment. Growth in various segments of the pipeline safety market are given below:
The study includes trends and forecast for the global pipeline safety market by technology & solution, service, vertical, and region as follows:
By Technology & Solution [Value ($ Million) shipment analysis for 2014 – 2025]:
Pipeline Monitoring Systems
Perimeter Intrusion Detection
SCADA (Supervisory Control and Data Acquisition) for Pipelines
Intrusion Control Systems Security
By Service [Value ($ Million) shipment analysis for 2014 – 2025]:
Repair & Maintenance
Pipeline Integrity Management
By Vertical [Value ($ Million) shipment analysis for 2014 – 2025]:
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
The Rest of the World
Some of the pipeline safety companies profiled in this report include GE, Schneider Electric, Siemens, ABB, and Honeywell International.
Lucintel forecasts that SCADA (supervisory control and data acquisition) for pipelines will remain the largest segment over the forecast period as it is cost effective and can be installed at any kind of location.
Within this market, natural gas will remain the largest segment by vertical over the forecast period due to the growing demand for natural gas in developing countries which in turn will lead to high demand for its safety solu