Pipeline Safety Market Insights by Emerging Trends, Growth Forecast With Revenue Analysis – Global Forecast to 2025

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment. 

The global pipeline safety market size is expected to grow from USD 7.9 billion in 2020 to USD 12.2 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 9.2% during the forecast period. Pipeline safety is a single system that detects smaller leaks or damages securely and more reliably. It simultaneously monitors for third-party interference and other external pipeline threats to prevent leaks altogether. Pipeline safety solutions are used mainly to assist and improve control over assets and regulate the process in localizing leaks and enhancing productivity, which is expected to drive the pipeline safety market’s adoption. The report’s objective is to define, describe, and forecast the pipeline safety market size based on component, application, vertical, and region.

The emergence of Industrial Internet of Things (IIoT) is expected to provide substantial growth opportunities to the pipeline safety market during the forecast period, as IIoT enhances the operational efficiency of the pipeline network and reduces costs related to the transportation and maintenance of gas/liquid. A digital transformation of the oil and gas industry is expected to provide growth opportunities for the adoption of pipeline safety solutions in this industry for effectively managing pipeline operations.

Fill This Form and get the Sample Copy of This Report: https://www.sdki.jp/sample-request-92869
The Final Report will cover the impact analysis of COVID-19 on this industry: Pipeline Safety Market Insights by Emerging Trends, Growth Forecast With Revenue Analysis – Global Forecast to 2025

The oil and gas pipelines sector have been impacted due to a weak demand and low oil and gas prices as a result of COVID-19. While worsening financial situation is resulting in delay of upcoming pipeline projects, measures to curb the spread of pandemic has impacted operations of existing pipelines. While pipeline and piping systems remain in operation throughout the current COVID-19 pandemic, understandably some repair and maintenance scopes have been delayed. When normal operations resume, it will be even more essential to plan effectively with early engagement from the supply chain and ensure the use of the safest and most efficient tools on the market.

The services segment to grow at a higher CAGR during the forecast period
The pipeline safety market is segmented on the basis of components, which include solutions and services. The solutions segment is expected to hold a larger market size in 2020. This growth is due to the increase in oil and gas leak incidents and mandatory government regulations for safety and security in the oil and gas industry. The demand for pipeline safety services is increasing globally to cope with the ever-increasing need for remote monitoring and asset maintenance services during the pandemic.

The pipeline monitoring system solution segment to have the largest market size during the forecast period
The Pipeline safety market by solution has been segmented into perimeter intrusion detection, secure communication, SCADA for pipelines, pipelines monitoring system, and ICS security. The growth is of pipeline monitoring system can be attributed to the growing need for avoiding a significant amount of loss of crude oil and gas due to pipeline leakage. The SCADA for pipelines segment is projected to register the highest CAGR during the forecast period due to SCADA’s ability to collect data at remote oil and gas sites, reducing personnel visits and leads to route and dispatch optimization.

Fill This Form and get the Sample Copy of This Report: https://www.sdki.jp/sample-request-92869
The Final Report will cover the impact analysis of COVID-19 on this industry: Pipeline Safety Market Insights by Emerging Trends, Growth Forecast With Revenue Analysis – Global Forecast to 2025

The natural gas segment to have the largest market size during the forecast period
The pipeline safety market by vertical has been segmented into natural gas, crude oil, refined products, and others (water and wastewater, drugs, and beverages). The natural gas segment is estimated to hold the largest market size during the forecast period. The growth of the segment is due to the implementation of pipeline safety solutions for the transportation of natural gas to processing plants and also for the direct delivery of natural gas to residential and non-residential areas.

Among regions, Asia Pacific (APAC) to grow at the highest CAGR during the forecast period
APAC is expected to grow at the highest CAGR during the forecast period. This growth is attributed to the vast oil and natural gas resources in Russia and Central Asia, which play an important role in the long-term energy security and the increasing adoption of advanced technologies across countries, such as China, Japan, and India. This is expected to drive the growth of pipeline safety solutions and services in the region.

Fill This Form and get the Sample Copy of This Report: https://www.sdki.jp/sample-request-92869
The Final Report will cover the impact analysis of COVID-19 on this industry: Pipeline Safety Market Insights by Emerging Trends, Growth Forecast With Revenue Analysis – Global Forecast to 2025

Breakdown of primaries
In-depth interviews were conducted with Chief Executive Officers (CEOs), innovation and technology directors, system integrators, and executives from various key organizations operating in the Pipeline safety market.
 By Company: Tier I: 34%, Tier II: 43%, and Tier III: 23%
 By Designation: C-Level Executives: 50%, Directors: 30%, and Others: 20%
 By Region: North America: 25%, APAC: 30%, Europe: 30%, MEA: 10%, and Latin America: 5%

Research Coverage
The market study covers the pipeline safety market across segments. It aims at estimating the market size and the growth potential of this market across different segments, such as components, application, vertical, and region. It includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report
The report would provide the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall pipeline safety market and its subsegments. It would help stakeholders understand the competitive landscape and gain more insights better to position their business and plan suitable go-to-market strategies. It also helps stakeholders understand the market’s pulse and provides them with information on key market drivers, restraints, challenges, and opportunities.

TABLE OF CONTENT

1 INTRODUCTION 24
1.1 INTRODUCTION TO COVID-19 24
1.2 COVID-19 HEALTH ASSESSMENT 24
FIGURE 1 COVID-19: GLOBAL PROPAGATION 24
FIGURE 2 COVID-19 PROPAGATION: SELECT COUNTRIES 25
1.3 COVID-19 ECONOMIC ASSESSMENT 26
FIGURE 3 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020 26
1.3.1 COVID-19 ECONOMIC IMPACT—SCENARIO ASSESSMENT 27
FIGURE 4 FACTORS IMPACTING GLOBAL ECONOMY 27
FIGURE 5 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY 28
1.4 OBJECTIVES OF THE STUDY 29
1.5 MARKET DEFINITION 29
1.5.1 INCLUSIONS AND EXCLUSIONS 30
1.6 MARKET SCOPE 30
1.6.1 MARKET SEGMENTATION 31
1.6.2 REGIONS COVERED 31
1.6.3 YEARS CONSIDERED FOR THE STUDY 32
1.7 CURRENCY CONSIDERED 32
TABLE 1 UNITED STATES DOLLAR EXCHANGE RATE, 2017–2019 32
1.8 STAKEHOLDERS 33
1.9 SUMMARY OF CHANGES 33

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact

Shibuya Data Count
Email: sales@sdki.jp
Tel: + 81 3 45720790

Related Links
https://www.sdki.jp/

Related Reports

Global High Precision Asphere Market Future Growth, and Revenue Forecast, (2021-2026)
Global Artificial Intelligence (AI) in Automotive and Transportation Market Future Growth, and Revenue Forecast, (2021-2026)
Global Wearable Robotic Exoskeleton Market Future Growth, and Revenue Forecast, (2021-2026)
Global Solid State Drive Market Research Future Growth, and Revenue Forecast, (2021-2026)
Global Next-Generation Display Materials Market Future Growth, and Revenue Forecast, (2021-2026)
Global 5G Satellite Communication Market Future Growth, and Revenue Forecast, (2021-2026)
Global Carbon Neutral Data Centers Market Future Growth, and Revenue Forecast, (2021-2026)
Global Intelligent Soft Robotics Market Future Growth, and Revenue Forecast, (2021-2026)
Global Video Surveillance Market Future Growth, and Revenue Forecast, (2021-2026)
Global Industrial Augmented Reality Market Future Growth, and Revenue Forecast, (2021-2026)
Global Composite AI Market Future Growth, and Revenue Forecast, (2021-2026)
Global Energy Efficient Glass Market Future Growth, and Revenue Forecast, (2021-2026)
Global Metal 3D Printing Market Future Growth, and Revenue Forecast, (2021-2026)
GCC Smart Space Management Systems Market Future Growth, and Revenue Forecast, (2021-2026)
Global Smart Factory And Manufacturing Market Future Growth, and Revenue Forecast, (2021-2026)
Global Low Code Development Platform Market Future Growth, and Revenue Forecast, (2021-2026)
Global IoT in Oil and Gas Market Future Growth, and Revenue Forecast, (2021-2026)
UAE Shared Mobility Market Future Growth, and Revenue Forecast, (2021-2026)
Global Indoor Location Market Future Growth, and Revenue Forecast, (2021-2026)
Global Chatbots Market Future Growth, and Revenue Forecast, (2021-2026)

Share your love
Christophe Rude

Christophe Rude

Articles: 15888

Leave a Reply

Your email address will not be published. Required fields are marked *