Quick Summary:
As the global energy market continues to evolve, maintaining the integrity and security of pipelines has become a critical priority for businesses worldwide. Thus, the increased demand for robust pipeline security systems can be seen in the anticipated growth of the global Pipeline Security Systems Market to an estimated $13.7 billion by 2030. This concise but comprehensive report, rich with data, trends, and forecast, provides you with all the necessary insights you need to steer your business through this high-stakes industry.
This research not only analyses the global market, but also provides detailed insights into the performance of key geographic markets such as the U.S, China, Japan, Canada, Germany, Australia, India, and South Korea. Furthermore, it evaluates select leading competitors and the competitive landscape at large, providing an invaluable edge in strategic planning. Leveraging this report will empower your strategic decision-making, ensuring you remain competitive, innovative, and most importantly, future-ready in the evolving Pipeline Security Systems Market.
Global Pipeline Security Systems Market to Reach $13.7 Billion by 2030
The global market for Pipeline Security Systems estimated at US$8.1 Billion in the year 2022, is projected to reach a revised size of US$13.7 Billion by 2030, growing at a CAGR of 6.7% over the analysis period 2022-2030. Crude Oil, one of the segments analyzed in the report, is projected to record a 6.8% CAGR and reach US$5.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Natural Gas segment is readjusted to a revised 7.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $2.2 Billion, While China is Forecast to Grow at 10.9% CAGR
The Pipeline Security Systems market in the U.S. is estimated at US$2.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.1 Billion by the year 2030 trailing a CAGR of 10.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.9 Billion by the year 2030.Select Competitors (Total 49 Featured) -
- ABB Group
- Future Fibre Technologies Pty., Ltd.
- GE Grid Solutions
- Modcon Systems Ltd.
- OptaSense
- POLUS-ST LLC
- Senstar Corporation
- SFC Energy AG - EFOY
- Siemens AG
- Silixa Ltd.
- Westminster International Ltd.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Pipeline Security Systems?
What is the growth rate of the Global Market for Pipeline Security Systems?
What is the forecasted size of the Global Market for Pipeline Security Systems?
Who are the key companies in the Global Market for Pipeline Security Systems?
| Report Attribute | Details |
|---|---|
| No. of Pages | 248 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 8.1 Billion |
| Forecasted Market Value ( USD | $ 13.7 Billion |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- ABB Group
- Future Fibre Technologies Pty., Ltd.
- GE Grid Solutions
- Modcon Systems Ltd.
- OptaSense
- POLUS-ST LLC
- Senstar Corporation
- SFC Energy AG - EFOY
- Siemens AG
- Silixa Ltd.
- Westminster International Ltd.
