This market analysis presents detailed segmentation of the global oil and gas pipeline safety market by technologies and services (hardware, services, and management systems). The report also provides a detailed analysis of the key geographies, including the Americas, APAC, and EMEA. Leading vendors analyzed in this market study are ABB, Alstom, GE Digital Energy, Schneider Electric, Cisco Systems, and Honeywell International.
Technavio’s market research analysts estimate the global oil and gas pipeline safety market to grow at a CAGR of more than 7% between 2015 and 2019. Increasing oil and gas demand and the growing need for efficient oil and gas transportation has made this market a high-priority one. The Americas dominate the global market for oil and gas pipeline safety, accounting for around 48% of the overall market share. The growing focus on pipeline safety systems and automation, and upgradation of the aging pipeline infrastructure are some of the major factors that promote market growth in this region.
The new market research report from Technavio provides a breakdown and analysis of the oil and gas pipeline safety segments by technology.
“The governments across the world are adopting strict regulations and adhering to those regulations has become mandatory for the oil and gas companies. To comply with the industry regulations, various oil and gas pipeline companies are adopting safety devices and management systems. They are availing various customized solutions and consultation for the security of oil and gas pipeline infrastructure from threats such as terrorists attack, cyber threats, transportation attacks,” says Navin Rajendra, Lead Analyst, Energy, Technavio Research.
The pipeline safety management systems is expected to dominate the oil and gas pipeline safety market, accounting for around 39% of the overall market revenue. These systems are essential to maintain pipeline integrity, and the pipeline operators are totally dependent on management systems for the pipeline safety. The prominent management systems used for pipeline safety are SCADA security systems, IDS/IPS, UTM, leak detection systems and intelligent pigging systems.
Global oil and gas pipeline safety market by product 2019
Source: Technavio Research
The leading vendors in the global oil and gas pipeline safety market are ABB, Alstom, GE Digital Energy, Schneider Electric, Cisco Systems, and Honeywell International. This market is characterized by the presence of numerous well-diversified international, regional, and local vendors. In some regions, the local or regional players dominate the market, which results in intense competition during the forecast period.
A more detailed analysis is available in the Technavio report, Global Oil and Gas Pipeline Safety Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
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