Pipeline Safety Market Analysis - Global Industry Size, Share, Trends and Forecast, 2014 - 2024

Category : Energy and Power | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC356

Pipeline safety is the set of technological solutions implemented by companies in order to secure pipeline infrastructure from terrorist attacks, external damage, natural disasters, and cyberattacks. The market for oil & gas pipeline safety is majorly influenced by the repair & development of the ageing pipeline infrastructure. Rising threats from criminal and terrorists activities is the key growth factor for pipeline safety market. The risks from terrorist attacks varies across sectors that include refining, exploration and production, pipeline transportation, products distribution and marketing, and marine transportation. Since the oil & gas exploration and development sites are easy targets for terrorists, the need for protecting such sites is continually increasing. This growing need to protect oil and gas pipeline infrastructure is expected to bolster the market growth during the forecast period.

Rising spending by oil & gas companies for ensuring and upgrading safety standards of existing pipeline infrastructure and network protection along with the upgradation of oil refineries, pipelines, and drilling sites are some of the factors expected to drive the pipeline market. The major drivers include the need for sustainable use of resources, expansion and up-gradation of refineries, and increased spending by oil & gas companies for network and infrastructure protection. Furthermore, rising security regulations, increasing oil & gas demand in developing countries, and mandatory standards provide significant opportunities for pipeline security service providers, vendors, consulting companies, and solutions providers.

Rising incidents of oil & gas attacks is one of the key reasons to adopt and deploy pipeline safety solutions, worldwide. Transportation of oil & gas through pipelines is the safest mode of transporting fuel. However, cyberattacks on oil & gas pipelines are very common. For instance, in 2008, an intended cyberattack where hackers shut down all the alarms and cut off communications took place in Turkey pipeline blast. Thus, pipeline safety solutions are progressively more adopted and implemented in existing infrastructures as well as a large number of ongoing pipeline projects across the world to combat such cyber attacks on critical infrastructure, especially in the Asia-Pacific region.

The growth is owing to the rising pipeline infrastructure across the globe and rising cyber attacks on critical infrastructure. The rising number of pipeline projects in APAC due to rising energy needs is bolstering the market in the region. In addition, significant technological spending in Europe and North America is further positively impacting the pipeline safety market in these regions. On the other hand, limited apprehension regarding security implementation by operators is hindering the pipeline safety growth, globally.

SCADA for pipeline segment is analyzed to grow at the maximum rate among all the solutions and technologies during the forecast period. As SCADA facilitates a real-time solution for application in oil & gas industry, it is epected to gain traction in coming years. It further allows open interface for customization as per pipeline requirement. North America is analyzed to lead this market during the forecast period. The factors responsible for growth of this market in North America are quick technological adoption, stable economy, and advanced infrastructure demands. Also, with the rising presence of advanced technology and growing pipeline infrastructure projects in the U.S., the market is analyzed to expand at a rapid pace in North America. Some of the key pipeline safety vendors profiled in the report are ABB Group, GE Security, Schneider Electric, Siemens AG, Honeywell International, BAE Systems, Future Fiber Technologies, Huawei, Thales Group, and Senstar among others. Key innovators in this market include Syrinix, Radiobarrier, ABB, Alstom, Cisco Systems, Waterfall Security Solutions, HCL Technologies, and Ekin Technology among others.

Market Segmentation

Market by Service

·         Risk management

·         Professional services

·         Repair and maintenance

·         Consulting services

·         Pipeline integrity management

Market by Solution

·         Perimeter intrusion detection

·         Satellite monitoring

·         Secure communication

·         Video surveillance

·         Pipeline monitoring system

·         Leakage detection

·         SCADA for pipelines

·         External threat

·         Industrial control system security

·         Pig tracking

·         Integrated fiber optics monitoring

Market by Application

·         Natural gas

·         Refined products

·         Crude oil

·         Others

Market by Geography

·         North America

o   US

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Philippines

o   Rest of Asia-Pacific

·         Latin America

o    Brazil

o   Chile

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA

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