Global Pipeline Safety Market By Service (Repair and maintenance, Professional services, Risk management, Pipeline integrity management, Consulting services), Solution (Video surveillance, Perimeter intrusion detection, Industrial control system security
The Global Pipeline Safety Market was valued at USD 5.85 billion in 2016 and is projected to reach USD 13.40 billion by 2025, growing at a CAGR of 9.65% from 2017 to 2025.
(EMAILWIRE.COM, April 03, 2018 ) Global Pipeline Safety Market, Vertical, and Regional Market Size, Status and Forecast to 2025
Pipelines are recognized as a safe and reliable means of transporting hazardous products over significant distances. Pipeline safety is defined as a range of general duties which are applicable to all pipelines, and additional duties for major accident hazard pipelines which transport products defined as dangerous fluids. Benefits of pipeline safety includes - reduced administration costs, reduced insurance and liability costs, reduced costs from injuries and illness, and improved level of compliance.
The major vendors covered in the pipeline safety market for this study include ABB Group, GE Company, Schneider Electric and Siemens AG and Honeywell International.
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Increasing investment in Oil & gas sector coupled with growing infrastructural development around the world is expected to fuel the demand for pipelines, used to transport hazardous product, which in turn is anticipated drive the market for pipeline safety over the forecast period. Moreover, growing concerns over pipeline security in chemical and power generation industry is further expected to drive the market over the forecast period.
Additionally, increasing number of terrorist attacks, chemical & gas leakage coupled with number natural calamities and their impact on pipelines have further expected to positively affect the pipeline safety market over the forecast period. Government across the world has framed many safety & recovery protocols over hazardous product leakage which has increased the demand for pipeline safety and is projected to further increase the market for pipeline safety over the forecast period.
Online hacking and cyber-attacks have increased dramatically over past couple of decades, which is affecting the industrial control system, which in turn is indirectly hampering the growth of pipeline safety market. Moreover, integration & consulting, system design, service support & maintenance are some of the other factor, which are regarded as restrain for the pipeline safety market.
The companies involved in providing pipeline safety are focusing on developing technologies such as smart pigging, laser scanning & leak detector.
Access More Details at http://www.kminsights.com/reports/global-pipeline-safety-market-by-service--repair-and-maintenance--professional-services--risk-management--pipeline-integrity-management--consulting-services---solution--video-surveillance--perimeter-intrusion-detection--industrial-control-system-security--scada-for-pipelines--pipeline-monitoring-system--leakage-detection--integrated-fiber-optics-monitoring--secure-communication--satellite-monitoring--external-threat--pig-tracking---vertical--and-regional-market-size--status-and-forecast-to-2025-169879
Market Dynamics:
1. Market Drivers
1.1 Rising security regulations and standards
1.2 Increasing demand of oil and gas in developing economies
1.3 Increasing sustainable use of resources
1.4 Up gradation of refineries, drilling sites and exploration of new sites
2. Market Restraints
2.1 Budget constraints
2.2 Issues with multi-site facilities for implementing comprehensive security solutions
2.3 Increasing population and political instability
Shale gas boom in the U.S. is expected to drive oil & gas companies towards refinery expansions. On account of which, North America is expected to be a major market for pipeline safety systems. The global pipeline system largely includes natural gas pipeline system followed by oil and refined chemicals. Demand for natural gas is expected to grow at a significant rate over the future. It is also expected that growth of energy market in developing countries will lead to higher demand for its safety solutions. These trends are expected to positively impact the global market.
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About Us:
Key Market Insights is a stand-alone organization with a solid history of advancing and exchanging market research reports and logical surveys delivered by our numerous transnational accomplices, which incorporate both huge multinationals and littler, more Expert concerns.
Contact Us:
sales@kminsights.com
+1 (888) 278-7681
Pipelines are recognized as a safe and reliable means of transporting hazardous products over significant distances. Pipeline safety is defined as a range of general duties which are applicable to all pipelines, and additional duties for major accident hazard pipelines which transport products defined as dangerous fluids. Benefits of pipeline safety includes - reduced administration costs, reduced insurance and liability costs, reduced costs from injuries and illness, and improved level of compliance.
The major vendors covered in the pipeline safety market for this study include ABB Group, GE Company, Schneider Electric and Siemens AG and Honeywell International.
Get Sample copy at http://www.kminsights.com/request-sample-169879
Increasing investment in Oil & gas sector coupled with growing infrastructural development around the world is expected to fuel the demand for pipelines, used to transport hazardous product, which in turn is anticipated drive the market for pipeline safety over the forecast period. Moreover, growing concerns over pipeline security in chemical and power generation industry is further expected to drive the market over the forecast period.
Additionally, increasing number of terrorist attacks, chemical & gas leakage coupled with number natural calamities and their impact on pipelines have further expected to positively affect the pipeline safety market over the forecast period. Government across the world has framed many safety & recovery protocols over hazardous product leakage which has increased the demand for pipeline safety and is projected to further increase the market for pipeline safety over the forecast period.
Online hacking and cyber-attacks have increased dramatically over past couple of decades, which is affecting the industrial control system, which in turn is indirectly hampering the growth of pipeline safety market. Moreover, integration & consulting, system design, service support & maintenance are some of the other factor, which are regarded as restrain for the pipeline safety market.
The companies involved in providing pipeline safety are focusing on developing technologies such as smart pigging, laser scanning & leak detector.
Access More Details at http://www.kminsights.com/reports/global-pipeline-safety-market-by-service--repair-and-maintenance--professional-services--risk-management--pipeline-integrity-management--consulting-services---solution--video-surveillance--perimeter-intrusion-detection--industrial-control-system-security--scada-for-pipelines--pipeline-monitoring-system--leakage-detection--integrated-fiber-optics-monitoring--secure-communication--satellite-monitoring--external-threat--pig-tracking---vertical--and-regional-market-size--status-and-forecast-to-2025-169879
Market Dynamics:
1. Market Drivers
1.1 Rising security regulations and standards
1.2 Increasing demand of oil and gas in developing economies
1.3 Increasing sustainable use of resources
1.4 Up gradation of refineries, drilling sites and exploration of new sites
2. Market Restraints
2.1 Budget constraints
2.2 Issues with multi-site facilities for implementing comprehensive security solutions
2.3 Increasing population and political instability
Shale gas boom in the U.S. is expected to drive oil & gas companies towards refinery expansions. On account of which, North America is expected to be a major market for pipeline safety systems. The global pipeline system largely includes natural gas pipeline system followed by oil and refined chemicals. Demand for natural gas is expected to grow at a significant rate over the future. It is also expected that growth of energy market in developing countries will lead to higher demand for its safety solutions. These trends are expected to positively impact the global market.
Ask for PDF Sample with Full TOC at http://www.kminsights.com/request-sample-169879
About Us:
Key Market Insights is a stand-alone organization with a solid history of advancing and exchanging market research reports and logical surveys delivered by our numerous transnational accomplices, which incorporate both huge multinationals and littler, more Expert concerns.
Contact Us:
sales@kminsights.com
+1 (888) 278-7681
Contact Information:
Key Market Insights
sambit kumar
Tel: 8007533694
Email us
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Key Market Insights
sambit kumar
Tel: 8007533694
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results