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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: