Pipeline Safety Market By Component [Solutions (Pipeline Monitoring System, Secure Communication, Perimeter Intrusion Detection, SCADA for Pipelines, and ICS Security) and Services]; By Technology (SCADA Systems, Intruder Detection System, Industrial Control Systems Security, Video Surveillance & GIS Mapping and Pipeline Monitoring); By Vertical (Natural Gas, Crude Oil, Refined Products and Other); and Region – Global Analysis by Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030

ID : FAT142475 Category : IT & Telecommunications Pages : 86 Views : 149

Description Table Of Contents Research Methodology

Product Overview

Pipelines are used around the country to move gas & liquid goods to different places and consumers over long distances. Such pipelines are known as a secure and efficient means of transporting dangerous goods over huge distances. Improper handling and distribution of these dangerous goods can, however, jeopardize human life and adversely affect the environment. The protection of pipelines can be defined as the array of responsibilities that relate to most or all pipelines. Under the department of homeland security (DHS), the transportation security administration is the lead agency for security & transport, including pipelines.

Market Highlights

Pipeline Safety Market is expected to project a notable CAGR of 9.84% in 2030.

Pipeline Safety Market to surpass USD 16.95 billion by 2030 from USD 7.12 billion in 2019 at a CAGR of 9.84% throughout the forecast period, i.e., 2020-30. Market growth is also expected to be driven by improved investment by most oil and gas companies on pipeline infrastructure, network surveillance, leak detection, and the increase in the number of oil and gas leakage incidences/accidents. Over the forecast period, the global pipeline safety market is expected to see growth due to the growing requirement for monitoring and regulation of the fluid dynamics of existing pipelines across the industries of industrial manufacturing, transportation, electricity, and energy supply. Rising pipeline safety issues in the chemical and power generation industries are expected to boost market growth due to strict government regulations on hydrocarbon leakages.

Pipeline Safety Market: Segments

SCADA System segment to grow with the highest CAGR of 5.15% during 2020-30

Pipeline Safety Market is segmented by Technology as SCADA system, perimeter security/intruder detection system, video surveillance & GIS mapping, industrial control systems security, pipeline monitoring, and others. The larger market share in 2019 was accounted for by the industrial control systems security segment held the largest share of the Pipeline Safety market and this trend is projected to prevail during the forecast period. Over the past decade, SCADA software has experienced rapid growth. The SCADA framework allows workers in the end-user sector to evaluate the data and make strategic decisions from a remote location. It also helps to alleviate the problems of the Human Machine Interface (HMI) with fast response as it processes, distributes, and displays the data. The security forces or repair teams are instantly and efficiently warned by pipeline SCADA systems to identify various threats as well as leaks. It provides a specific approach for on-and-underground activity detection. The applications are primarily used for digging and leakage detection.

Natural Gas Segment to grow with the highest CAGR of 5.2% during 2020-30

Pipeline Safety Market is segmented vertical into natural gas, crude oil, refined products, and others. Natural gas is expected to hold the largest market share owing to the growing demand for natural gas in developing countries which in turn will lead to high demand for its safety solutions. Pipelines are known to be the fastest, most secure, and most effective means of transporting vast volumes of natural gas, crude oil, chemicals, and water through countries. Pipeline facilities are vital infrastructures of great value and significance, and a disruption to them can have a huge effect on meeting the needs of people and organizations and can harm the environment. In the future, demand for natural gas is projected to grow faster than the existing demand for coal or oil. This was predicted to comply with the carbon reduction goals set internationally to move towards an environmentally-friendly manufacturing sector. The growing use of natural gas increases the demand for its pipeline protection.

Pipeline Safety Market: Market Dynamics

Drivers

Increased Spending of Oil & Gas Companies

As pipeline infrastructures are easily exposed to sabotage, illicit tapping, militant and terrorist actions, combined with leak detection and in-line equipment failure, the need to track oil, gas, and refined products have increased. Due to the increase in demand for oil and gas in most major nations, there has been a substantial increase in pipeline infrastructure. For thousands of miles, pipelines are laid through various regions to move and distribute oil and gas products. The demand for pipeline protection, monitoring, and leakage detection has been increased by these large networks of pipelines. To track the pipeline system, pipeline companies are introducing sensors and advanced control systems to detect leakages. In the coming years, this rises in pipeline infrastructure would create a lucrative demand for monitoring system vendors.

Growing Worldwide Demand for Natural Gas

The key factor contributing to the growth of the pipeline safety market is the rising investment made in the oil and gas industry, along with the expansion of infrastructure, which triggers the demand for pipes used for the transport of dangerous goods, which in turn would increase the demand for pipeline safety. Growing concerns about the safety of pipelines in the power generation and chemical industries are pushing the demand to expand further in the years ahead. Increased cases of chemical and gas leakage, increased instances of natural calamities affecting the pipeline, and rising terrorist attacks are the other factors that are positively improving the pipeline safety sector.

Restrain

High Implementation and Maintenance Costs

The cost of pipeline protection and leak detection system implementation for oil and gas varies with technology. System design, integration & consultancy, and maintenance and service support are the other factors restricting the growth of the pipeline safety market. The above-mentioned prices show that the cost of monitoring and leak detection systems is high. These payments exclude implementation and maintenance and are primarily based on the industry's technical improvements and development. As a result, one of the main limiting factors is the cost factor for oil and gas monitoring and leak detection systems.

Pipeline Safety Market: Key Players

ABB (Switzerland)

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, and SWOT Analysis.

Honeywell International Inc.

General Electric Company

ABB Ltd.

Rockwell Automation, Inc.

Siemens AG

Schneider Electric S.E.

Optasense Ltd.

Senstar Corporation

Huawei Technologies USA, Inc.

ESRI Inc.

Thales SA

Pipeline Safety Market: Regions

Pipeline Safety Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC, and MENA.

Pipeline Safety Market in Europe held the largest market share of XX.X% in the year 2019. The growing investment in oil and gas is contributing significantly to the growth of the region's pipeline protection industry. The European Union (EU) is highly dependent on external supplies of natural gas and in the past has undergone significant gas cuts, caused mainly by the technical difficulty and political uncertainty of the high-pressure natural gas system in some of the supplying countries. Asia Pacific is becoming a highly prospective market with growing awareness of the increase in business efficiency, augmented by competently built pipeline safety platforms provided by suppliers in this area. Emerging economies, such as India, China, and Japan, compose the region. With the substantial increase in the construction of pipelines across China, Pakistan, and India, the need for robust security measures to be deployed has increased significantly. Safety issues about pipeline attacks and damage caused by natural disasters and piracy are the region's key concerns.

Competitive Landscape:

Pipeline Safety market, which is highly competitive, consists of several major players such as ABB (Switzerland), Siemens AG (Germany), Schneider Electric (France) hold a substantial market share in the Pipeline Safety market. Other players analyzed in this report are Baker Hughes (US), Honeywell (US), Huawei Technologies (China), AVEVA (UK), PSI AG (Germany), BAE Systems (UK), TransCanada (Canada), Atmos International (UK), Clamp-on AS (Norway), FFT (Australia), Perma-Pipe (US), Senstar (Canada), Syrinx (UK), RADIOBARRIER (Russia), Pure Technologies (Canada), C-Fer Technologies (Canada), Total Safety (US), Krohne Group (Germany), PLM CAT (US), Leather (Ukraine), and TTK (France) among others.

The market competition has been stepped up by the availability of many players offering Pipeline Safety. In August 2020, Honeywell UOP will provide PetroChina, a petrochemical company, with various solutions and technologies. Honeywell would offer technology licenses, engineering design, key equipment, operator training sessions, and technical services for startup and efficient operation.

Pipeline Safety Market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada

Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe

APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC

MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Pipeline Safety Market report also contains analysis on:

Pipeline Safety Market Segments:

By Component:

Solutions

Services

Pipeline Integrity Management

Professional Services

Risk Management

Engineering and Consulting

By Technology:

SCADA System

Perimeter Security/Intruder Detection System

Industrial Control Systems Security

Video Surveillance & GIS Mapping

Pipeline Monitoring

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)

Frequently asked questions(FAQ's):

What is the market share of the Pipeline Safety Market?

The Global Pipeline Safety Market share by vendor, as well as the concentration rate using the CR4, CR8 Index, determine the strength of competitive players like ., Honeywell International Inc., General Electric Company, ABB Ltd., Rockwell Automation, Inc., Siemens AG, Schneider Electric S.E., Optasense Ltd., Senstar Corporation, Huawei Technologies USA, Inc., ESRI Inc., Thales SA.

Why are some of the most well-known companies left out of the Pipeline Safety Market study?

The Pipeline Safety study includes a diverse group of participants, including both market leaders and up-and-comers. Contact our sales representative to receive a complete list of companies covered in the study.

What are the major applications for Pipeline Safety?

Pipeline Safety has a wide range of applications, including and others.

What is the anticipated growth rate for the Pipeline Safety Market?

During the projected year from 2024 to 2029, the Pipeline Safety Market is expected to grow at a CAGR of xx%.

Is further segmentation possible given the scope of the Pipeline Safety Market study?

Yes, the add-on segmentation is available in the premium customised version of the Pipeline Safety Market report for a more in-depth analysis. It aids in the calculation of refined and precise market values.

What are the primary data sources used to evaluate the Pipeline Safety Market sizing?

The majority of data for the Pipeline Safety Industry is gathered through primary sources, which include interviews and surveys with industry experts from the core and related industries involved in the supply chain. Secondary sources, such as SEC filings, annual reports, whitepapers, and press releases, are also used.

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Methodology/Research Approach

Research Programs/Design

Market Size Estimation

Market Breakdown and Data Triangulation

Data Source

Frequently asked questions(FAQ's):

Related Tags

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