DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Pipeline Security Market - Forecasts from 2016 to 2021" report to their offering.
Global Pipeline Security market is projected to grow at a CAGR of 8.21% over the period 2016 to 2021. Owing to increased terrorist attacks and cyber security threats, pipeline safety and security solutions have been gaining much importance across the globe. Rising demand, as well as increased spending, is another key driver of global pipeline security. Recent increase in the demand for natural gas by transportation and power generation sector is also augmenting the demand for these security solutions.
Growing need for multiple security solutions due to lack of integrated platforms to provide both physical and network security solutions will further propel the growth of this market over the next six years. Moreover, growing energy consumption in developing countries requires more extraction and distribution infrastructure, thereby impacting the market growth positively.
North America is projected to hold the largest share of global pipeline security market by the end of forecast period owing to increasing shale gas exploration in the region. The MEA (The Middle East and Africa) pipeline security market will be driven by growing need for reliable protected pipeline networks along with the upgrading of refineries. However, the growth in global pipeline security market will be restrained due to high installation and maintenance costs coupled with scattered drilling and distribution sites that leads to complexity in the implementation of the integrated security solutions.
- BAE Systems
- Schneider Electric
- Senstar Inc
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Pipeline Security Market Forecast by Solutions (US$ billion)
6. Pipeline Security Market Forecast by Product Type (US$ billion)
7. Pipeline Security Market Forecast by Geography (US$ billion)
8. Competitive Intelligence
9. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/tllj69/pipeline_security