Global Pipeline Safety Market – Industry Trends and Forecast to 2024

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Global Pipeline Safety MarketIndustry Trends and
Forecast to 2024
Global Pipeline Safety Market accounted for USD
6.3 billion in 2016 growing at a CAGR of 10.1
during the forecast period of 2017 to
2024.  Pipelines are referred to be the safest
mode of transferring natural gas and other
related products. Pipeline safety is needed
because of many reasons such as increased use of
oil and gas companies. It is widely applicable
natural gas, crude oil, refined products, and
others. Expansion and upgradation of refineries,
drilling sites, and exploration of new Sites may
act as the major driver in the growth of
pipelines safety market. On the other hand,
growing population and political instability in
the Middle East may hamper the market.
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Major Market Drivers and Restraints

• Balanced use of resources
• Increased spending by oil gas companies for
  infrastructure and network protection
• Expansion and upgradation of refineries, drilling
  sites, and exploration of new Sites
• Lack of apprehensions
• Growing population and political instability in
  the middle east

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Market Segmentation

• On the basis of technology and solution, global
  pipeline safety market is segmented into
  perimeter intrusion detection, secure
  communication, SCADA for pipeline, pipeline
  monitoring system, industrial control systems
  security (ICS)
• On the basis of service, the global pipeline
  safety market is segmented into pipeline
  integrity management services, and professional
  services. 
• On the basis of vertical, the global pipeline
  safety market is segmented into natural gas,
  crude oil, refined products, and others.

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Regional Analysis

• By geography the market is segmented into 5
  geographical regions,
• North America
• Europe
• Asia-Pacific
• South America
• Middle East and Africa.

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Major Key Players

• Major players in the Global Pipeline Safety
  Market are
• GENERAL ELECTRIC
• ABB, Schneider Electric
• Siemens AG
• BAE Systems
• Future Fibre Technologies
• Thales Group
• Senstar Corporation
• Syrinix
• POLUS-ST

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