Pipeline Safety Market Insights
The Gobal Pipeline Safety Market had a value of USD 10.36 billion in 2023, and Market Research projects that it will increase to USD 23.56 billion by the end of 2032. The market is expected to grow with a CAGR of 9.68% during the forecast period. The report analyzes the global pipeline safety market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the rising opportunities in the pipeline safety market.
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Global Pipeline Safety Market: Overview
With the help of the pipelines, liquid and gas products are transported to different locations for different users who may be residing across the country. Transporting hazardous products over long distances is considered reliable and safe with the help of pipelines. If these pipelines are not monitored or maintained properly, they may endanger human life and have adverse effects on the environment.
Global Pipeline Safety Market: Segmentation
The global market for pipeline safety is fragmented into its technology and solutions, services, and verticals. The global market is split into different groups based on the technology and solutions used.
These groups include industrial control system security, pig tracking, secure communication, pipeline monitoring systems, video surveillance, perimeter intrusion detection, satellite monitoring, leakage detection systems, supervisory control and data acquisition for pipelines, and integrated fiber optics monitoring.
On the basis of service, the market is categorized into professional, repair & maintenance, consulting, risk management, and integrity management.
On the basis of vertical, the global market is divided into refined products, natural gas, crude oil, and others.
Global Pipeline Safety Market: Growth Factors
The key factor that is contributing to the growth of the pipeline safety market is the growing investments that are made in the oil and gas industry, along with the infrastructural development that triggers the demand for the pipes that are used for the transportation of harmful products, which will, in turn, increase the demand for pipeline safety. The increasing concerns regarding the security of the pipeline in power generation and the chemical industry are further propelling the market to grow in the future.
The other factors that are positively boosting the pipeline safety market are the increased cases of chemical and gas leakage, the rise in the occurrence of natural calamities that impact the pipeline, and the growing terrorist attacks. The growth of the pipeline safety market is being negatively affected due to the increased online hacks and cyber-attacks which affect the industrial control system. The other factors that are limiting the growth of the pipeline safety market are system design, integration & consulting, and maintenance and service support.
Pipeline Safety Market: Report Scope
| Report Attributes | Report Details |
|---|---|
| Report Name | Pipeline Safety Market Research Report |
| Market Size in 2023 | USD 10.36 Billion |
| Market Forecast in 2032 | USD 23.56 Billion |
| Growth Rate | CAGR of 9.68% |
| Number of Pages | 201 |
| Key Companies Covered | Schneider Electric, ABB Group, General Electric, Siemens AG, and Honeywell International. |
| Segments Covered | By Technology and Solutions, By Service Type, By Verticals and By Region |
| Regions Covered | Latin America, North America, Asia Pacific, Europe, The Middle East, And Africa |
| Base Year | 2023 |
| Historical Year | 2018 to 2022 |
| Forecast Year | 2024 - 2032 |
| Customization Scope | Customized purchase options are available to meet your exact research needs. Request For Customization |
Global Pipeline Safety Market: Regional Analysis
Depending on the geographical regions, the global market for pipeline safety is diversified into the Middle East and Africa, Asia Pacific, North America, Eastern Europe, Latin America, and Western Europe. The regional market that is dominating the pipeline safety market in terms of demand is North America. In North America, it is the U.S. that is expected to lead the market owing to the expansion of the refinery. North America is followed by Asia Pacific region. The market is growing in Asia-Pacific region owing to the developing industrial activities in the emerging nations such as China and India and the expanding economies.
Global Pipeline Safety Market: Competitive Players
The key market players that are involved in the pipeline safety market include
- Schneider Electric
- ABB Group
- General Electric
- Siemens AG
- Honeywell International.
The Global Pipeline Safety Market is segmented as follows:
By Technology and Solutions
- control system security
- pig tracking
- secure communication
- pipeline monitoring system
- video surveillance
- perimeter intrusion detection
- satellite monitoring
- eakage detection system
- supervisory control and data acquisition for pipelines
- integrated fiber optics monitoring
By Service
- professional
- repair & maintenance
- consulting
- risk management
- integrity management.
By Vertical
- refined products
- natural gas
- crude oil
- others.
Global Pipeline Safety Market: Regional Segment Analysis
- North America
- U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- Middle East and Africa
What Reports Provide
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonies to companies in order to fortify their foothold in the market.
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