Global Pipeline Safety Market Size, Forecasts, And Opportunities
Learn about the global pipeline safety market through The Business Research Company, which provides information on pipeline safety market size, pipeline safety market drivers and restraints, pipeline safety market players, the COVID-19 impact on the pipeline safety market, and more.
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 in the pipeline safety market 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 increase in demand for oil and gas is expected to drive innovation in pipeline safety, thus driving the market during the forecast period.
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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.
Global pipeline safety market segments include:
By Component: Solutions, Services
By End User: Natural Gas, Crude Oil, Refined Products, Others
By Application: Onshore, Offshore
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the pipeline safety market in 2020.
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 and leak detection software improve pipeline security and safety.
TBRC’s pipeline safety market report covers:
Major Market Players: 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.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Pipeline Safety Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides pipeline safety market overviews, analyzes and forecasts market size, share, pipeline safety market players, pipeline safety market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s pipeline safety market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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