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.
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 248 |
Published | April 2024 |
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 |