Pipeline network and such other infrastructures carrying various natural resources play vital role in economic development of a nation. As a result, protecting these infrastructures from any potential hazards and security threats becomes crucial for any country. Governments from across the world are taking special efforts to take care of their pipeline networks, which is driving tools, systems, and solutions in the global pipeline safety market. Rise in demand and advancements to cater to this rising demand are considered to be the strongest drivers for the global market.
Scope of Research in Pipeline Safety Industry
Global pipeline safety market is segmented into different section, which makes it easy for the study, analysis, and data collection. Study of each of these segments provides vital details about the latest market trends, challenges, opportunities, competition, and prospects of growth in the near future. Global pipeline safety market is segmented on the basis of the types of physical safety and service, network security and services, and professional services. Demand for these solutions across different geographic regions is also considered, through detailed analysis about various geographic regions of the market.
- Physical Safety: Physical security and access control, fiber optic sensors, fire and explosion safety, video surveillance and closed circuit television, personnel identification and tracking, unmanned aerial vehicles, satellite monitoring and GIS mapping, laser scanning and buckle detectors, distributed optic fiber networks, acoustic leak detectors and ultrasonic probe detectors, fluorescence detectors, fire and explosion safety, intelligent piping, etc.
- Network Security: Security services include firewall, distributed denial of service protection, intrusion detection system, data loss prevention, antivirus/malware protection, recovery and restoration systems, security information and event management, etc.
- Professional Services: System design and consulting, risk management, maintenance and support and pipeline integrity management
- Geography: Latin America, North America, Middle East and Africa, Asia Pacific, and Europe
The global pipeline safety market is currently dealing with finding perfect solutions to protect energy providers and resources from hazards and attacks. Rising threats of terrorist activities, cyber attacks, natural calamities and natural as well as unnatural accidents are driving the global market. Manufacturers in the industry are concerned about creating innovative solutions for dealing with these problems. As a result, the market is witnessing steady growth in terms of production and deployment. Latest market research reports claim that the industry will maintain healthy compound annual growth rate of over 9% from 2013 to 2018.
At the estimated CAGR, pipeline safety market is expected to grow from $4.35 billion in 2013 and is projected to become worth $6.73 billion by the end of the year 2018.