Pipeline Safety Market worth $12.2 billion by 2025 - Exclusive Report by MarketsandMarkets™

News provided by

Nov 02, 2020, 10:30 ET

CHICAGO, Nov. 2, 2020 /PRNewswire/ -- According to a new market research report "Pipeline Safety Market by Component (Solutions (Pipeline Monitoring System, Secure Communication, Perimeter Intrusion Detection, SCADA for Pipelines, and ICS Security) and Services), Application, Vertical, and Region - Global Forecast to 2025", size is expected to grow from USD 7.9 billion in 2020 to USD 12.2 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 9.2% during the forecast period. Improved spending by most oil and gas companies for pipeline infrastructure, network monitoring, and leak detection and rise in the number of oil and gas leakage incidence/accidents driving the adoption of Pipeline Safety Market.

Browse in-depth TOC on "Pipeline Safety Market"

167 – Tables
55 – Figures
246 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=187556390

Need to understand the customer needs for tailor-made pipeline safety solutions to drive the growth of pipeline safety services during the forecast period

The demand for pipeline safety services is driven by the growing need for improved pipeline operations performance about pipeline operation scheduling and reduced operational cost of liquid/gas delivery across the globe. The success of pipeline safety depends on how well pipeline solutions are implemented and used to handle its operations. Pipeline safety service providers ensure the pipeline management strategy is tailored as per the organizations specific business objectives to leverage the benefits of pipeline safety solutions fully. With the increasing adoption of solutions, the demand for associated services is also growing among end-users. The benefits gained by the effective utilization of pipeline safety solutions and offering tailor-made solutions as per the needs of organizations are the major factors driving the demand for services associated with pipeline safety solutions.

Rising demand to monitor proper pipeline functioning and avoid disturbance in operating conditions to drive the growth of the pipeline monitoring systems segment to hold a larger market size

Pipeline monitoring is required to detect small pipeline leaks faster and more reliably while simultaneously monitoring third-party interferences and other external pipeline threats to prevent leaks altogether. Pipeline monitoring improves control over pipeline network assets. It automates the process to improve productivity, enabling readers to monitor their assets current condition and raise the alarm in case of unauthorized events. Pipeline monitoring further offers various detector applications to monitor leaks and events of third-party interference, geohazards, thefts, critical infrastructure, and inline inspection tools in real-time from a single operating system.

Get Special Pricing on Bundle Reports: https://www.marketsandmarkets.com/RequestBundleReport.asp?id=187556390

North America to dominate the market during the forecast period

North America is expected to dominate the global market from 2020 to 2025, owing to the presence of several solution vendors in the US. This is mainly because of the presence of various developed economies, such as Canada and the US, and due to the focus on innovations obtained from R&D and various technologies. Safety has always been the core value of natural gas utilities in North America. The natural gas industry operates an extensive system of 2.5 million miles of distribution and transmission pipelines stretching across the country to provide service to more than 177 million Americans. The design, construction, operation, inspection, and maintenance of all operating pipelines are subject to state and federal regulations and requirements. As per the US Department of Transportation, pipelines are the safest, most environmentally friendly, and most efficient, and reliable mode of transporting natural gas. In terms of adoption, North America is contributing significantly to the market and is expected to grow further. The US is said to have adopted pipeline safety measures to a great extent.

The major vendors offering pipeline safety solutions are ABB (Switzerland), Siemens AG (Germany), Schneider Electric (France), Baker Hughes (US), Honeywell (US), Huawei Technologies (China), AVEVA (UK), PSI AG (Germany), BAE Systems (UK), TransCanada (Canada), Atmos International (UK), Clampon AS (Norway), FFT (Australia), Perma-Pipe (US), Senstar (Canada), Syrinix (UK), RADIOBARRIER (Russia), Pure Technologies (Canada), C-Fer Technologies (Canada), Total Safety (US), Krohne Group (Germany), PLM CAT (US), Leater (Ukraine), and TTK (France).

Get 10% Customization on this Research Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=187556390

Browse Adjacent Markets: Analytics Market Research Reports & Consulting

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/pipeline-safety-market.asp
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/pipeline-safety.asp