According to a market report by Lucintel, the future of the global pipeline safety market looks promising with opportunities in the natural gas, crude oil, and refined product markets. The global pipeline safety market is expected to reach an estimated $14 billion by 2030 at a CAGR of 5.1% from 2024 to 2030. The major drivers for this market are 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.
A more than 150-page
report to understand trends,
opportunity and forecast in pipeline safety market to 2030 by technology &
solution (pipeline monitoring systems, secure communication, perimeter
intrusion detection, SCADA (supervisory control and data acquisition) 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)
Lucintel forecasts that SCADA (supervisory control and data acquisition)
for pipelines will remain the largest segment over the forecast period as it is
cost effective and can be installed at any kind of location.
Within this market, natural gas will remain the largest segment by
vertical 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.
Download sample by clicking on pipeline
safety market.
North America will remain the largest region over the forecast period due
to early adoption of pipeline safety in the oil & gas industry and higher
technological advancements in this region.
GE, Schneider Electric, Siemens, ABB, and Honeywell International are the
major suppliers in the pipeline safety market.
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 write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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