Lucintel Blog: Lucintel Forecasts Pipeline Safety Market to Grow at a CAGR of 8%-10%

Wednesday, August 25, 2021

Lucintel Forecasts Pipeline Safety Market to Grow at a CAGR of 8%-10%

According to the recent study the pipeline safety market is projected to grow at a CAGR of 8%-10% from 2020 to 2025. Growth in this market is primarily driven by sustainable use of the resources, increased spending by the oil & gas companies in infrastructure and network protection, and increasing number of tragedies such as chemical gas leakage & terrorist attacks.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in pipeline safety market by technology & solution (pipeline monitoring systems, secure communication, perimeter intrusion detection, SCADA for pipelines, and intrusion control systems security), service (professional services, consulting services, risk management, repair & maintenance, and pipeline integrity management), vertical (natural gas, crude oil, refined products, and others), and region (North America, Europe, Asia Pacific, and Rest of the World).

Download sample report and view detailed Table of Content by clicking on below link – https://www.lucintel.com/pipeline-safety-market.aspx

“SCADA (Supervisory Control and Data Acquisition) for pipelines market is expected to remain the largest segment during the forecast period.”

Based on technology & Solution, the pipeline safety market is segmented into pipeline monitoring systems, secure communication, perimeter intrusion detection, SCADA for pipelines, and intrusion control systems security. Lucintel forecasts that the SCADA (supervisory control and data acquisition) for pipelines is expected to witness the largest segment over the forecast period as it is cost effective and can be installed at any kind of location.

“Within the pipeline safety market, the natural gas segment is expected to remain the largest vertical.”

Based on vertical, the metering segment is expected to witness the largest application over the forecast period due to the growing demand for natural gas in developing countries which in turn will lead to high demand for its safety solutions.

“North America will dominate the pipeline safety market in near future.”

North America it is also expected to witness the largest region due to early adoption of pipeline safety in the oil & gas industry and higher technological advancements in this region.

Download Brochure of this report by clicking on https://www.lucintel.com/pipeline-safety-market.aspx

Major players of pipeline safety market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. GE, Schneider Electric, Siemens, ABB, and Honeywell International are among the major pipeline safety providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/pipeline-safety-market.aspx or helpdesk@lucintel.com.

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Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
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