Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market of “Pipeline Security Market- Forecasted from 2019 to 2026”.
The prime factors propelling the growth of the Pipeline Security Market are the rising cybersecurity threats, terrorist attacks, and the increase in demand for oil and gas.
As per the report, the Pipeline Security Market is projected to grow at a CAGR of 6.79% to reach US$11.803 billion by 2026, from US$7.451 billion in 2019.
The protection of land-based pipelines against illegal tapping, sabotage, and terrorist activities utilizing the pipelines is known as pipeline security. The global pipeline security solutions are earning value worldwide due to heightened terrorist attacks and cybersecurity menaces, across the globe. The other essential driver of the market is the rising requirement for pipeline security solutions added with the growing funds that are being invested in these solutions.
The progressive rise in the need for natural gas by the transportation and power generation sector is also increasing the demand for these security solutions, across the globe. To combat pipeline security attacks the governments of various countries are embracing pipeline security solutions, which is further, predicted to add to the growth of the market. Moreover, the increasing demand for various security solutions because of the absence of integrated platforms to accommodate both physical and network security solutions is anticipated to increase the market growth throughout the forecast period. In addition, the rising energy consumption in developing countries needs more distribution and extraction infrastructure, which will aid in the growth of the market.
By solutions, surveillance solutions and secure communication systems are predicted to retain a considerable market share due to the rising threat and security matters across multiple industries, worldwide.
By product type, the market for natural gas and drinking water segments is expected to increase throughout the forecast period because of the swiftly growing population and the mounting urbanization globally.
By region, North America and Asia Pacific are estimated to hold a huge market share due to the growing shale gas exploration, the demand for dependable protected pipeline networks coupled with the upgradation of refineries, and the growing concern over pipeline attacks and destruction due to natural disasters. In North America, this expansion in natural gas production in the nation is also predicted to add towards the increase of the pipeline security market, as, for expanded production, there will be a consequent rise in the demand for pipeline safety solutions in the coming years.
As a part of the report, the major players operating in the Pipeline Security Market, that have been covered are Senstar Corporation, ABB Ltd, Siemens AG, Honeywell International Inc, Thales Group, ., Schneider Electric, Huawei Technologies Co., BAE Systems. This analytics report segments the spirometers market on the following basis
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/pipeline-security-market
This analytics report segments the pipeline security market on the following basis:
- By Solution
- Surveillance Solutions
- Secure Communication Systems
- Tracking Solutions
- Identity and Access Control Solutions
- Intrusion Detection Solutions
- By Product Type
- Natural gas
- Crude oil
- Refined products
- Drinking water
- By Geography
- North America
- South America
- United Kingdom
- The Middle East and Africa
- Saudi Arabia
- Asia Pacific
- North America