Major players in the pipeline safety market are BAE Systems, Siemens AG, Schneider Electric SE, Honeywell International Inc., General Electric, ABB Group, Huawei Technologies Co. Ltd., AVEVA, Senstar, Perma-Pipe, Future Fiber Technologies, Leater, Total Safety, TTK, Rockwell Automation Inc, Cisco Systems, HCL Technologies, and ESRI Inc.
The global pipeline safety market is expected to grow from $7.02 billion in 2020 to $7.75 billion in 2021 at a compound annual growth rate (CAGR) of 10.37%. The growth is mainly due to the network monitoring, increased spending for pipeline infrastructure by oil and gas companies, growing concerns over pipeline security, demand for leak detection, and the increase in the oil and gas leakage incidence/accidents. The market is expected to reach $11.62 billion in 2025 at a CAGR of 10.67%.
The pipeline safety market consists of sales of pipelines by entities (organizations, sole traders, and partnerships) that provide software technology and solutions to protect and secure pipelines that carry energy products such as crude oil, natural gas, and other fuels. Integration of pipeline safety into pipelines allows monitoring and controlling the main network connectivity and also has various benefits such as reduction of liability, less insurance cost, and low administration cost.
The main types of components for the pipeline safety market are solutions and services.Solutions include premier intrusion detection, secure communication, SCADA for pipeline, pipeline monitoring system, and industrial control system security.
Premier intrusion detection is a network security technology which have fence mounted sensor to detect any form of intrusion from the perimeter and help in allowing critical time for security teams to respond to unauthorized intrusions.Secure connection is when two parties are communicating and not allowing the third party to listen to it.
SCADA (supervisory control and data acquisition) for a pipeline is used to detect the error and for transferring the information and necessary data for the operation of the pipeline facility through communication networks.The pipeline monitoring system includes dashboards to visualize the metrics of the pipeline functionality, industrial control system security helps to strengthen cybersecurity.
The services used in pipeline safety are professional and pipeline integrity management services. The services are used by natural gas, crude oil, refined products, and others.
North America is the largest region in the pipeline safety market in 2020.Asia-Pacific is expected to grow faster in the forecast period.
The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The use of artificial intelligence (AI) for detecting issues in the pipeline is a key trend in the pipeline safety market.The technologies like artificial intelligence (AI), and leak detection software improve pipeline security and safety.
In February 2019, Atomiton a California-based company that is engaged in developing internet of things (IOT) technology introduced an AI software that continuously inspects pipelines through multi-sensor data integration that allows modeling of vital equipment like valves. This AI software helps to detect the issues such as leaks, corrosion, freezing damage, or vandalism in pipelines more accurately.
In December 2019, Honeywell, a USA-based company that is engaged in providing building technologies, gas detection solutions announced the acquisition of Rebellion Photonics for an undisclosed amount.This acquisition complements Honeywell strong process technologies and gas detection solutions and accelerates to transform into a software-industrial company.
Rebellion Photonics a USA-based company that is engaged in providing spectral imaging solutions for oil and gas industry that help in real-time continuous gas leak imaging system.
The increase in demand for oil and gas leads to the development of pipeline infrastructure, which eventually drives the growth of the pipeline safety market.For instance, in January 2021, the Government of India announced the plan to spend $60 billion for establishing gas infrastructures such as pipelines, liquefied natural gas terminals, and city gas distribution networks.
In 2020, the United States imported around 7.86 MMb/d of petroleum, which included 5.88 MMb/d of crude oil and 1.98 MMb/d of noncrude petroleum liquids and refined petroleum products. The rise in the usage of piped gas lines contributes to the demand for the pipeline safety market.
The countries covered in the pipeline safety market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
Our reports have been used by over 10K customers, including:
Unconventional (Oil and Gas) Production in the US Lower 48, H1 2021 Update Summary The United States Lower 48 (L48) has several prolific oil and gas shale plays that make significant contributions to the economic development of the country.This development is primarily driven by the major oil shales...
Americas Oil and Gas Upstream Development Outlook to 2025 Summary In Americas, during the outlook period 2021-2025, a total of 110 key crude and natural gas projects are expected to start operations in 13 countries (excluding the USL48).Among these, 59 represent the number of planned projects with...
Sub-Saharan Africa Oil and Gas Upstream Development Outlook to 2025 Summary The outlook for oil and gas developments in Sub-Saharan Africa is beginning to look brighter over the forecast period than it would have one year ago in 2020 however the developments which have had the go-ahead so far...
Executive Summary The Global Coiled Tubing Market was valued at USD 2985.67 Million in the year 2020. Rising demand for oil and natural gas, improved viability of Deepwater and ultra-Deepwater projects and price regulations of oil drive offshore exploration activities are the few factors responsible for high CAGR of the...
Permian Basin in the United States of America (USA), 2021 - Oil and Gas Shale Market Analysis and Outlook to 2025 Summary The Permian Basin is the largest oil producing region in the United States.This hydrocarbon-rich formation situated in West Texas and the adjacent region of Southeast New Mexico...
The global actuators market is expected to exhibit strong growth during 2021-2026. An actuator is a mechanical component that assists in converting energy into motion and controls machinery equipment and systems. The device usually works on hydraulic and pneumatic forces and can be operated manually, electronically...
Global Offshore Upstream Development Outlook to 2025 Summary Globally, during the outlook period 2021-2025, a total of 355 key crude and natural gas offshore projects are expected to start operations in 48 countries.Among these, 130 represent the number of planned offshore projects with identified...
The offshore decommissioning market is projected to reach USD 8.0 billion by 2027 from an estimated USD 5.2 billion in 2021, at a CAGR of 7.4% during the forecast period. The factors driving the market include maturing oil & gas fields, low crude oil prices, and aging offshore infrastructure. Offshore decommissioning refers to ending oil &...
The hydraulic fracturing market is projected to reach USD 50.2 billion by 2026 from an estimated USD 34.8 billion in 2021, at a CAGR of 7.6% during the forecast period. Increasing shale exploration and production activities globally and growing demand for hydraulic fracturing technology with increasing requirement for energy is the main driver...
279 pages •
By Global Industry Analysts
• Aug 2021
Abstract: Global Couplings Market to Reach US$1.5 Billion by the Year 2026 Coupling refers to a machine unit which connects two mechanical shafts for transmission of power. Couplings are extensively used in various industries such as chemicals, waste treatment, natural gas, oil & gas,...
Oil And Gas
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.