According to a new market report published by Lucintel, the future of the 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 9% 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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Pipeline safety are the measures taken for reliable means of transporting hazardous products over significant distances. In this market, pipeline monitoring systems, secure communication, perimeter intrusion detection, SCADA (supervisory control and data acquisition) for pipelines, and intrusion control systems security are the major technologies & solutions of pipeline safety. Lucintel forecasts that SCADA 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 solutions.
North America will remain the largest region over the forecast period due to early adoption of pipeline safety in the oil & gas industry and higher technological advancements in this region.
GE, Schneider Electric, Siemens, ABB, and Honeywell International are among the major suppliers in the global pipeline safety market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global pipeline safety market by technology & solution, service, vertical, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Pipeline safety Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. 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
Secure Communication
Perimeter Intrusion Detection
SCADA (Supervisory Control and Data Acquisition) for Pipelines
Intrusion Control Systems Security
By Service [Value ($ Million) shipment analysis for 2014 – 2025]:
Professional Services
Consulting Services
Risk Management
Repair & Maintenance
Pipeline Integrity Management
By Vertical [Value ($ Million) shipment analysis for 2014 – 2025]:
Natural Gas
Crude Oil
Refined Products
Others
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
A more than 150 pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.