Pipeline Safety Market worth 8.67 Billion USD by 2021

Pipeline Safety Market worth 8.67 Billion USD by 2021

No Comments on Pipeline Safety Market worth 8.67 Billion USD by 2021

The report Pipeline Safety Market by Technology and Solution (Pipeline Monitoring Systems, Secure Communication, Perimeter Intrusion Detection, SCADA for Pipelines, Intrusion Control Systems Security), Service, Vertical, and Region – Global Forecast to 2021″, The pipeline safety market size is expected 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% during the forecast period.

Browse 71 market data tables and 54 figures spread through 158 pages and in-depth TOC on “Pipeline Safety Market by Technology and Solution (Pipeline Monitoring Systems, Secure Communication, Perimeter Intrusion Detection, SCADA for Pipelines, Intrusion Control Systems Security), Service, Vertical, and Region – Global Forecast to 2021”
http://www.marketsandmarkets.com/Market-Reports/pipeline-safety-market-187556390.html
Early buyers will receive 10% customization on reports.

The major drivers of this market include need for sustainable use of resources, increased spending by oil & gas companies for infrastructure and network protection, and expansion and up-gradation of refineries. Furthermore, increasing security regulations, mandatory standards, and rising oil & gas demand in developing countries provide huge opportunities for pipeline security vendors, service providers, solutions providers, and consulting companies.

Rising incidents of oil and gas attacks is the major reason to deploy pipeline safety solutions across the globe

Transportation of oil and gas through pipelines is one of the safest modes of transportation. However, cyberattacks on oil and gas pipelines are not new. For instance, the 2008 Turkey pipeline blast was a well-planned cyberattack in which hackers cut off communications and shut down all the alarms.  In order to combat such cyber-attacks on critical infrastructure, the pipeline safety solutions are being increasingly deployed in existing infrastructures as well as a large number of ongoing pipeline projects across the world especially in the Asia-Pacific (APAC) region.

Increasing demand for risk management is the driving factor of professional services in the pipeline safety market

The professional services are classified into three major categories, such as risk management, consulting services, and repair & maintenance. These services contribute in essential support for enhancing the efficiency and increasing the growth, along with reducing operating expenses and resource losses. These service providers help the pipeline operators in planning and deploying the new systems into their existing infrastructure. As pipeline safety has strict regulatory and safety standards, risk management is highly required in all pipeline safety solution deployments.

North America and Europe are expected to hold large market shares in the pipeline safety market

North America and Europeare expected to hold large market shares and dominate the pipeline safety market from 2016 to 2021. The main drivers responsible for the growth of the pipeline safety market in North America are the technological advancements, large pipeline infrastructure, and growing demand for oil & gas. The pipeline security market in APAC is expected to witness high adoption rate as the Energy Information Agency of the U.S. has forecast that till 2035, Asia’s liquid fuel consumption would reach 30% of world consumption. The major vendors covered in the pipeline safety market for this study include ABB Group, GE Company, Schneider Electric and Siemens AG and Honeywell International.

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

Source: Markets and Markets

About the author:

Related Posts

Leave a comment

Lastest Posts

RSS Latest Technology News World "Touch With Us"

  • Over Half of London Boroughs are Planning to Refresh Their Outdated IT Infrastructure
    Increasing need to move from legacy solutions paves the way for consumption-based models London – February 16, 2017 A Freedom of Information request conducted by HyperGrid, the Enterprise Cloud-as-a-Service leader, has revealed that over half of London boroughs are currently planning to replace their IT infrastructure. This figure is indicative of a transformation in the...
  • IoT 2020: Smart and secure IoT platform
    Geneva, Switzerland, 16 February 2017 – The Internet of Things (IoT) significantly impacts the global economy and is expected to grow exponentially over the coming years, transforming society as a whole. In order to develop a smart and secure IoT platform, certain critical issues must be addressed in detail to ensure security, interoperability and scalability...
  • New White Paper from IEC assesses the worldwide needs, benefits, policies and preconditions for Global Energy Interconnection
    Geneva, Switzerland, 16 February 2017 – Energy is central to nearly every major challenge and opportunity the world faces. However, one fifth of the world population still lacks access to energy and 3 billion people rely on wood, coal or animal waste for cooking and heating. Today, sustainable energy and climate change are big global...
  • Enterprise-wide visibility is essential to ensuring quality across the supply chain, says InfinityQS
    Developing visibility across all manufacturing plants brings quality assurances and cost savings. Manufacturers hoping to increase output, save money, and boost quality and efficiency must ensure that enterprise-wide visibility remains at the core of all organisational operations. This is according to Michael Lyle, President & CEO, InfinityQS. Lyle stresses the importance of capturing as much...
  • Thunderhead partners with Aston Martin to Drive a New Era for High Performance Sports Cars
    The iconic British luxury brand selects Thunderhead’s ONE Engagement Hub to support its Customer Engagement strategy 15 February 2017, London – Thunderhead, the leader in enterprise technology for customer engagement, today announces its collaboration with Aston Martin, the British sports car manufacturer, to increase Aston Martin’s understanding of customer behaviour and to enrich their customer...

Connect with Us

About us

TechRecur.com to be Contd...

Back to Top