Pipeline Safety Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030
Pipeline Safety Market: Market Segments: By Component [Solutions (Pipeline Monitoring System, Secure Communication, Perimeter Intrusion Detection, SCADA for Pipelines, and ICS Security) and Services]; By Technology (SCADA Systems, Intruder Detection System, Industrial Control Systems Security, Video Surveillance & GIS Mapping and Pipeline Monitoring); By Vertical (Natural Gas, Crude Oil, Refined Products and Other); and Region – Global Analysis by Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030
Product Overview
Pipelines are used around the country to move gas & liquid goods to different places and to consumers over long distances. Such pipelines are known as a secure and efficient means of transporting dangerous goods over huge distances. Improper handling and distribution of these dangerous goods can, however, jeopardize human life and adversely affect the environment.
Market Highlights
Pipeline Safety Market is expected to project a notable CAGR of 9.84% in 2030.
Pipeline Safety Market to surpass USD 16.95 billion by 2030 from USD 7.12 billion in 2019 at a CAGR of 9.84% throughout the forecast period, i.e., 2020-30. Market growth is also expected to be driven by improved investment by most oil and gas companies on pipeline infrastructure, network surveillance, leak detection, and the increase in the number of oil and gas leakage incidences/accidents.
Pipeline Safety Market: Segments
SCADA System segment to grow with the highest CAGR of 5.15% during 2020-30
Pipeline Safety Market is segmented by Technology as SCADA system, perimeter security/intruder detection system, video surveillance & GIS mapping, industrial control systems security, pipeline monitoring and other. The larger market share in 2019 was accounted by industrial control systems security segment held the largest share of the Pipeline Safety market and this trend is projected to prevail during the forecast period.
Pipeline Safety Market: Market Dynamics
Drivers
Increased Spending of Oil & Gas Companies
As pipeline infrastructures are easily exposed to sabotage, illicit tapping, militant and terrorist actions, combined with leak detection and in-line equipment failure, the need to track oil, gas and refined products has increased. Due to the increase in demand for oil and gas in most major nations, there has been a substantial increase in pipeline infrastructure. For thousands of miles, pipelines are laid through various regions to move and distribute oil and gas products.
Restrain
High Implementation and Maintenance Costs
The cost of pipeline protection and leak detection system implementation for oil and gas varies with technology. System design, integration & consultancy, and maintenance and service support are the other factors restricting the growth of the pipeline safety market. The above-mentioned prices show that the cost of monitoring and leak detection systems is high.
Pipeline Safety Market: Key Players
ABB (Switzerland)
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence and SWOT Analysis.
Honeywell International Inc.
General Electric Company
ABB Ltd.
Rockwell Automation, Inc.
Siemens AG
Schneider Electric S.E.
Optasense Ltd.
Senstar Corporation
Huawei Technologies USA, Inc.
ESRI Inc.
Thales SA
Pipeline Safety Market: Regions
Pipeline Safety Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Pipeline Safety Market in Europe held the largest market share of XX.X% in the year 2019. The growing investment in oil and gas is contributing significantly to the growth of the region's pipeline protection industry. The European Union (EU) is highly dependent on external supplies of natural gas and in the past has undergone significant gas cuts, caused mainly by the technological difficulty and political uncertainty of the high-pressure natural gas system in some of the supplying countries. Asia Pacific is becoming a highly prospective market with growing awareness of the increase in business efficiency, augmented by competently built pipeline safety platforms provided by suppliers in this area. Emerging economies, such as India, China, and Japan, compose the region. With the substantial increase in the construction of pipelines across China, Pakistan and India, the need for robust security measures to be deployed has increased significantly. Safety issues about pipeline attacks and damage caused by natural disasters and piracy are the regions key concern.
Pipeline Safety Market report also contains analysis on:
Pipeline Safety Market Segments:
By Component:
• Solutions
• Services
o Pipeline Integrity Management
o Professional Services
Risk Management
Engineering and Consulting
By Technology:
• SCADA System
• Perimeter Security/Intruder Detection System
• Industrial Control Systems Security
• Video Surveillance & GIS Mapping
• Pipeline Monitoring
• Other Technology and Solutions
By Vertical:
• Natural Gas
• Crude Oil
• Refined Products
• Other
• Pipeline Safety Market Dynamics
• Pipeline Safety Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints
FAQs on Pipeline Safety Market
· Which segment is anticipated to hold the largest market share
· At what CAGR is the market anticipated to grow between 2020 and 2030
· Who are the key players in the Pipeline Safety Market
· What could be the challenging factors in the growth of Pipeline Safety Market
· What are the growth drivers for the Pipeline Safety Market
Contents
1. Executive Summary
2. Pipeline Safety Market
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. Research Methodology
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. Correlation & Regression Analysis
7.1. Correlation Matrix
7.2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. Pipeline Safety Analysis
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. Pipeline Safety Market
11.1. Market Size & forecast, 2019A-2030F
11.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.1.2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12. Pipeline Safety: Market Segmentation
12.1. By Regions
12.1.1. North America:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.2. Europe:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.3. Asia-Pacific:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.4. MEA:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.5. Latin America:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2. By Component: Market Share (2020-2030F)
12.2.1. Solutions, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.2. Services, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3 By Technology: Market Share (2020-2030F)
12.3.1. SCADA System, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.2. Perimeter Security/Intruder Detection System, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.3. Industrial Control Systems Security, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.4. Video Surveillance & GIS Mapping, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.5. Pipeline Monitoring, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.6. Other, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4 By Vertical: Market Share (2020-2030F)
12.4.1. Natural Gas, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4.2. Crude Oil, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4.3. Refined Products, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4.4. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
13. Company Profile
13.1.1. Honeywell International Inc.
13.1.2. Company Overview
13.1.3. Company Total Revenue (Financials)
13.1.4. Market Potential
13.1.5. Global Presence
13.1.6. Key Performance Indicators
13.1.7. SWOT Analysis
13.1.8. Product Launch
13.2. General Electric Company
13.3. ABB Ltd.
13.4. Rockwell Automation, Inc.
13.5. Siemens AG
13.6. Schneider Electric S.E.
13.7. Optasense Ltd.
13.8. Senstar Corporation
13.9. Huawei Technologies USA, Inc.
13.10. ESRI Inc.
13.11. Thales SA
14 Consultant Recommendation
**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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