DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Pipeline Safety Market by Technology and Solution (Pipeline Monitoring Systems, Secure Communication, Perimeter Intrusion Detection, SCADA for Pipelines, Intrusion Control Systems Security), Service, Vertical, and Region - Global Forecast to 2021" report to their offering.
The pipeline safety market size is estimated to grow from USD 5.57 billion in 2016 to USD 8.67 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 9.3%
The growth is attributed to the increasing pipeline infrastructure all around the globe and increasing cyber-attacks on critical infrastructure. The growing number of pipeline projects in the Asia-Pacific (APAC) owing to the increasing energy needs are driving the growth of the market in the region; high technological spending in North America and Europe are also contributing to the growth of the pipeline safety market in these regions. However, lack of apprehension about security implementation by operators is restraining the pipeline safety growth.
The Supervisory Control and Data Acquisition (SCADA) for pipeline segment is expected to grow at the highest CAGR among all the technologies and solutions during the forecast period. SCADA provides a real-time solution specific to the requirements of oil and gas industry. The flexible solution is gaining traction, as it provides open interface for customization depending upon pipeline requirements.
North America is expected to account for the largest market share in 2016. The drivers responsible for the growth of the pipeline safety market in North America are stable economy, quick technological adoption, and advanced infrastructure demands. With the increasing pipeline infrastructure projects and presence of advanced technology in the U.S., the pipeline safety market is set to grow at a rapid pace in the region.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Pipeline Safety Market Overview
6 Industry Trends
7 Pipeline Safety Market Analysis, By Component
8 Pipeline Safety Market Analysis, By Technologies and Solutions
9 Pipeline Safety Market Analysis, By Services
10 Pipeline Safety Market Analysis, By Verticals
11 Geographic Analysis
12 Competitive Landscape
13 Company Profiles
- ABB Group
- BAE Systems
- Future Fibre Technologies
- General Electric
- Honeywell International Inc.
- Huawei Technologies Co. Ltd.
- Schneider Electric SE
- Senstar, Inc.
- Siemens AG
- Thales Group
For more information about this report visit http://www.researchandmarkets.com/research/r52ds2/pipeline_safety