Global Pipeline Safety Market Report 2021: Market is Expected to Reach $11.62 Billion in 2025 at a CAGR of 10.67% – Long-term Forecast 2030 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Pipeline Safety Global Market Report 2021: COVID-19 Growth and Change” report has been added to ResearchAndMarkets.com’s offering.

The global pipeline safety market is expected to grow from $7.02 billion in 2020 to $7.75 billion in 2021 at a compound annual growth rate (CAGR) of 10.37%.

The growth is mainly due to the network monitoring, increased spending for pipeline infrastructure by oil and gas companies, growing concerns over pipeline security, demand for leak detection, and the increase in the oil and gas leakage incidence/accidents.

The market is expected to reach $11.62 billion in 2025 at a CAGR of 10.67%.

The pipeline safety market consists of sales of pipelines by entities (organizations, sole traders, and partnerships) that provide software technology and solutions to protect and secure pipelines that carry energy products such as crude oil, natural gas, and other fuels. Integration of pipeline safety into pipelines allows monitoring and controlling the main network connectivity and also has various benefits such as reduction of liability, less insurance cost, and low administration cost.

The main types of components for the pipeline safety market are solutions and services. Solutions include premier intrusion detection, secure communication, SCADA for pipeline, pipeline monitoring system, and industrial control system security. Premier intrusion detection is a network security technology which have fence mounted sensor to detect any form of intrusion from the perimeter and help in allowing critical time for security teams to respond to unauthorized intrusions.

Secure connection is when two parties are communicating and not allowing the third party to listen to it. SCADA (supervisory control and data acquisition) for a pipeline is used to detect the error and for transferring the information and necessary data for the operation of the pipeline facility through communication networks.

The pipeline monitoring system includes dashboards to visualize the metrics of the pipeline functionality, industrial control system security helps to strengthen cybersecurity. The services used in pipeline safety are professional and pipeline integrity management services. The services are used by natural gas, crude oil, refined products, and others.

North America is the largest region in the pipeline safety market in 2020. Asia-Pacific is expected to grow faster in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The use of artificial intelligence (AI) for detecting issues in the pipeline is a key trend in the pipeline safety market. The technologies like artificial intelligence (AI), and leak detection software improve pipeline security and safety.

In December 2019, Honeywell, a USA-based company that is engaged in providing building technologies, gas detection solutions announced the acquisition of Rebellion Photonics for an undisclosed amount. This acquisition complements Honeywell strong process technologies and gas detection solutions and accelerates to transform into a software-industrial company.

The increase in demand for oil and gas leads to the development of pipeline infrastructure, which eventually drives the growth of the pipeline safety market. For instance, in January 2021, the Government of India announced the plan to spend $60 billion for establishing gas infrastructures such as pipelines, liquefied natural gas terminals, and city gas distribution networks.

In 2020, the United States imported around 7.86 MMb/d of petroleum, which included 5.88 MMb/d of crude oil and 1.98 MMb/d of noncrude petroleum liquids and refined petroleum products. The rise in the usage of piped gas lines contributes to the demand for the pipeline safety market.

Major players in the pipeline safety market are

• BAE Systems
• Siemens AG
• Schneider Electric SE
• Honeywell International Inc.
• General Electric
• ABB Group
• Huawei Technologies Co. Ltd.
• AVEVA
• Senstar
• Perma-Pipe
• Future Fiber Technologies
• Leater
• Total Safety
• TTK
• Rockwell Automation Inc
• Cisco Systems
• HCL Technologies
• ESRI Inc.

Key Topics Covered:

1. Executive Summary

2. Pipeline Safety Market Characteristics

3. Pipeline Safety Market Trends and Strategies

4. Impact Of COVID-19 On Pipeline Safety

5. Pipeline Safety Market Size and Growth5.1. Global Pipeline Safety Historic Market, 2015-2020, $ Billion

5.1.1. Drivers Of the Market

5.1.2. Restraints On the Market

5.2. Global Pipeline Safety Forecast Market, 2020-2025F, 2030F, $ Billion

5.2.1. Drivers Of the Market

5.2.2. Restraints On the Market

6. Pipeline Safety Market Segmentation

6.1. Global Pipeline Safety Market, Segmentation by Component, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

• Solutions
• Services

6.2. Global Pipeline Safety Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

• Natural Gas
• Crude Oil
• Refined Products
• Others

6.3. Global Pipeline Safety Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

• Onshore
• Offshore

7. Pipeline Safety Market Regional and Country Analysis

7.1. Global Pipeline Safety Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

7.2. Global Pipeline Safety Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

For more information about this report visit https://www.researchandmarkets.com/r/y6x24s

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