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Pipeline Security Market, by Product

RA00143

Pipeline Security Market, by Product (Natural Gas, Crude Oil, Hazardous Liquid Pipelines, and Water), Technology (SCADA System, Perimeter Security, Industrial Control Systems Security, Video Surveillance & GIS Mapping, Pipeline Monitoring), Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2026

RA00143

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Mar 2020

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Global Pipeline Security Market Overview 2026:

The pipelines across the globe are being used for transporting crude oil, natural gas, chemicals and water safely associated at an affordable price. Pipeline installations play a vital role and are highly sensitive to extortions that impact rising demand of the people, organization, and environment safety. To overcome the increasing threats in the form of sabotage, terrorist attacks, and many others for the installations of pipeline, governments globally are executing various strategies to keep the pipelines secured and safe from these kind of threats. The rising expenditure by oil & natural gas players on network protection and infrastructure is expected to upsurge the pipeline security market during the forecast period.

Cost effective form of transportation is expected to drive the pipeline security market during the projected time frame

Transportation of natural gas and crude oil via pipeline is, approximately very cheaper when compared to rail transportation which enables the manufacturers to transfer the products more efficiently with less cost. Nevertheless, pipeline infrastructure progress has experienced a swift growth in the recent years due to the rapid growth in the demand for crude oil. The location, directionality of flow, and volume capacity of legacy pipelines reduce the existing network that is unable to fulfill current supply and demand needs. The aforementioned factors are anticipated to drive the global pipeline security market.

Disturbance in agricultural and other land that are being used for construction and operation is expected to restrain the pipeline security market growth

The development of pipelines can cause inconveniences to agricultural landowners having productive farmlands whose field crops, animals, seepage tiles, and others, might be negatively affected during the installation of pipelines. Pipeline development can equally effect the timber operations along with various other businesses, depending upon the installation area. These are the key factors that may hinder the pipeline security market growth.

Rising demand for oil & gas across the globe is creating better growth opportunity for pipeline security market

The growing demand for oil & gas in the developed and developing nation globally is anticipated to create better growth opportunities for the growth of pipeline security market in the near future. In addition to the aforementioned factor the key players in pipeline security industry are spending huge amounts on developing Internet of Things (IoT) based tool that will be able to detect and notify any of the leakages across the pipeline, which is expected to be the game changer over the period of time. 

Oil & Gas segment is predicted to be most lucrative in 2018

On the basis of product type the pipeline security market is categorized into Natural Gas, Crude Oil, Hazardous Liquid Pipelines, and Water. The demand for natural gas is anticipated to experience a swift growth during the projected timeframe compared to the current demand for oil or coal. The growth is attributed to the globally rising concerns about carbon emissions and adoption of eco-friendly alternatives in the industrial sectors. The rapid growth in the usage of natural gas is rising the demand for its pipeline security.

SCADA system will lead the technology segment during the projected timeframe

Supervisory Control and Data Acquisition (SCADA) software is anticipated to experience notable growth in the near future. SCADA system assists the end-use industry personnel to analyze the raw data and take critical decisions while sitting far away from the actual location. SCADA further helps in solving the problems within a fraction of a second as it distributes, processes, and exhibits the data on Human Machine Interface (HMI) which helps the personnel to make the decision instantly.
Pipeline SCADA systems have the ability to detect various threats along with leaks which instantly alarms and notifies the maintenance crew and security forces. SCADA offers an exceptional solution to detect the underground and over the ground activities. These key factors are anticipated to drive the SCADA software segment in the pipeline security market.

Asia-Pacific region is anticipated to experience a lucrative growth during the projected period

The rising number of end-use industries and growing demand for natural gas is anticipated to increase the development in the pipeline setup, due to which the pipeline security market is expected to experience substantial growth during the projected time frame. According to a report the natural gas demand in North America region is expected to increase by 36% from 2016 to 2040. 
Asia-Pacific region is anticipated to experience a notable growth during the forecast period. The growth is majorly attributed to the presence of many developing economies and rapid growth in the demand of crude oil, natural gas, and water.

Key players in the Pipeline Security Market:

Product development and joint ventures are the most common strategies followed by the market players


Key players in the Pipeline Security Market

Source: Research Dive Analysis

The key players for the global Pipeline Security market are Honeywell International Inc., General Electric Company, ABB Ltd., Rockwell Automation, Inc., Siemens AG, OptaSense, Silixa Ltd, Senstar Corporation., Future Fibre Technologies. and Modcon Systems LTD. These key players are majorly concentrating growth advancements in current technology, new product launches, mergers and acquisitions, and geographical expansion. These are some of the growth strategies adopted by these companies.

In May 2019, ABB announced about the launch of cloud-based SCADA system for offshore oil well drilling machineries. The cloud-based SCADA visualization system helps the SME players to collect the data of their onshore oil well drillings distantly similar to that of the big companies without investing huge money for the whole on-premise SCADA system.
 

 

Aspect

Particulars

  Historical Market Estimations

  2018-2019

  Base Year for Market Estimation

  2018

  Forecast timeline for Market Projection

  2019-2026

  Geographical Scope

  North America, Europe, Asia-Pacific, LAMEA

  Segmentation by Product

  • Natural Gas
  • Crude Oil
  • Hazardous Liquid Pipelines
  • Water
  • Others

  Segmentation by Technology

  • SCADA System
  • Industrial Control System Security
  • Video Surveillance & GIS Mapping
  • Pipe Line Monitoring
  • Others

  Key Countries Covered

U.S., Canada, Germany, France, Spain, Russia, Japan, China, India, South Korea, Australia, Brazil, and Saudi Arabia

  Key Companies Profiled

  • Honeywell International Inc.
  • General Electric Company
  • ABB Ltd.
  • Rockwell Automation, Inc.
  • Siemens AG
  • OptaSense
  • Silixa Ltd
  • Senstar Corporation.
  • Future Fibre Technologies.
  • Modcon Systems LTD.

Source: Research Dive Analysis


FREQUENTLY ASKED QUESTIONS?
 

A. Honeywell International Inc., General Electric Company and ABB Ltd. are some of the key players in the global Pipeline Security market.

A. Asia-Pacific possesses great investment opportunities for investors to witness the most promising growth in the coming years.

A. Product development and joint ventures are the key strategies opted by the operating companies in this market.

A. Hexion Inc. and SI Group Inc. are investing more in R&D activities for developing new products and technologies.

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