Pipeline Safety Market worth $6.73 Billion by 2018

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MarketsandMarkets Presents
Pipeline Safety Market worth 6.73 Billion by
2018
http//www.marketsandmarkets.com/Market-Reports/pi
peline-safety-market-187556390.html
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The report Pipeline Safety Market Physical
Security (PIDS, Optic Fiber Thermal Sensor,
Acoustic Sensor, Leakage Detection, UAV, GPS
Mapping, Smart Pigging), ICS Security,
Professional Services - Global Advancements,
Forecasts Analysis (2013 - 2018) segments the
global pipelines based on the type of the
products transported, the solutions and
technologies used to secure the infrastructure
network and professional services. It also
identifies drivers and restraints for this market
with insights into trends, opportunities, and
challenges. Browse more than 60 market data
tables with 14 figures spread through 163 pages
and in-depth TOC on "Pipeline Safety Market
Physical Security (PIDS, Optic Fiber Thermal
Sensor, Acoustic Sensor, Leakage Detection, UAV,
GPS Mapping, Smart Pigging), ICS Security,
Professional Services - Global Advancements,
Forecasts Analysis (2013 - 2018) http//www.ma
rketsandmarkets.com/Market-Reports/pipeline-safety
-market-187556390.html Early buyers will
receive 10 customization on reports.
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MarketsandMarkets has segmented the global
pipeline safety market based on the type of
deployment i.e. on-shore and off-shore the type
of product transported through them i.e. natural
gas, crude oil, refined products and chemicals,
water and others (HVDC, communication) by the
technologies and solutions deployed for
infrastructure security by professional services
offered and by regions i.e. North America (NA),
Asia Pacific (APAC), Europe (EU), Middle East and
Africa (MEA) and Latin America (LA).
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peline-safety-market-187556390.html
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Increasing demand for oil and natural gas and
competitive pricing has forced the government and
private players across nations to deploy cheaper
and efficient means of transportation. The
increase in terrorist attacks and cyber crime on
energy sector has also forced the government to
set up regulatory policies and security
compliances to ensure the safety of the people
and environment. The absence of integrated
platforms offering both physical and network
security solutions, has forced the pipeline
operators to deploy multiple security solutions
available in the market such as Supervisory
Control and Data Acquisition (SCADA) network
security solutions, surveillance solutions using
unmanned aerial/underwater vehicles, leakage
detection solutions and pigging systems to
improve their operational efficiency. Major
companies are now providing dedicated integrated
security platforms to gain traction in this
highly fragmented market.
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The major forces driving this market are the
increased government pressure and security
compliance and regulations, threats from
terrorist attacks and cyber attacks, lack in
comprehensive solution for pipeline safety and
physical attacks and insider threats. Companies
providing physical security solution and cyber
security solutions are looking forward to gain a
better competitive advantage in this growing
market, thereby creating comprehensive security
solutions and integrated security management
platforms for the rig platforms and
refineries. The global pipeline safety market is
estimated to be 4.35 billion in 2013 and is
expected to grow to 6.73 billion in 2018. This
represents an estimated Compound Annual Growth
Rate (CAGR) of 9.1 from 2013 to 2018. In the
current scenario, the natural gas pipelines
continue to be the largest segment, in terms of
spending and adoption, for pipeline safety
solutions, followed by oil and chemical refined
products. In terms of regions, North America is
expected to be the biggest market on the basis of
spending and adoption for pipeline safety
solutions. MarketsandMarkets further expects that
the increasing energy markets in the developing
economies and increased extraction and
distribution infrastructure will further enhance
the growth of the market.
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peline-safety-market-187556390.html
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