Global Pipeline Safety Market, By Component (Solutions, Services), Application (Onshore, Offshore), Vertical (Natural Gas, Crude Oil, Refined Products, Other Verticals), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
The pipeline safety market is expected to witness market growth at a rate of 9.20% in the forecast period of 2021 to 2028 and is expected to reach USD 17.22 billion by 2028. Data Bridge Market Research report on pipeline safety market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The expansion of the oil and gas sector is escalating the growth of the pipeline safety market.
Pipeline safety refers to the systems and technology utilized as oil and liquid products transferred over the long-distance through pipelines. Approximately one-third of the energy used is transported through pipelines only and if all these pipelines are not well tracked or retained, they can threaten human lives and may affect the environmental impacts.
The rise in the number of oil and gas leakage incidence/accidents across the globe acts as one of the major factors driving the growth of the pipeline safety market. The increase in the need for monitoring and & controlling the fluid dynamics of the existing pipelines across industrial manufacturing, transportation, power, and energy supply industries accelerate the market growth. The surge in spending by most oil and gas companies for pipeline infrastructure, network monitoring, leak detection systems and concerns regarding pipeline safety in chemical and power generation industries because of strict government legislations further influence the market.
In addition, the rise in trend of IoT in public safety, urbanization, and digitization, and an increase in investment in public safety measures for smart cities positively affect the pipeline safety market. Furthermore, the need for remote monitoring and management of assets and business processes extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, high costs associated with the monitoring systems for oil and gas pipeline technology and lack of apprehensions related to monitoring system implementation by operators are expected to obstruct the market growth. Lack of funds for the development of aging infrastructure and severe climatic conditions are projected to challenge the pipeline safety market in the forecast period of 2021-2028.
This pipeline safety market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on pipeline safety market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Pipeline Safety Market Scope and Market Size
The pipeline safety market is segmented on the basis of component, application and vertical. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of component, the pipeline safety market is segmented into solutions and services. Solution is further segmented into perimeter intrusion detection, secure communication, SCADA for pipelines, pipeline monitoring system and industrial control system (ICS) security. Secure communication is further bifurcated into satellite monitoring and video surveillance. Pipeline monitoring system is further bifurcated into leakage detection, external threat detection, pig tracking and integrated fiber optic monitoring. Services are further segmented into pipeline integrity management and professional services. Professional services are further bifurcated into risk management and engineering and consulting
- On the basis of application, the pipeline safety market is segmented into onshore and offshore
- On the basis of vertical, the pipeline safety market is segmented into natural gas, crude oil, refined products and other verticals
Global Pipeline Safety Market Country Level Analysis
The pipeline safety market is analyzed and market size, volume information is provided by country, component, application and vertical as referenced above.
The countries covered in the global pipeline safety market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the pipeline safety market due to the high demand for natural gas within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Pipeline Safety Market Share Analysis
The pipeline safety market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to pipeline safety market.
The major players covered in the pipeline safety market report are RCP Inc., Nuka Research & Planning Group, LLC., Schneider Electric, Siemens, ABB, BAE Systems., Thales Group, Senstar Corporation, Syrinix, POLUS-ST, GENERAL ELECTRIC, Huawei Technologies Co., Ltd., TransCanada Pipelines Limited, Buckeye Partners, L.P, Elbit Systems Ltd, GPS - SECURITY, Holly Energy Partners, Phillips 66 Pipeline LLC, and Accenture, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.