Pipeline Safety Market Is Anticipated To Grow At A Cagr Of 8%-10% During 2020-2025

By Author: Lucintel LLC
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The global pipeline safety market is projected to grow at a CAGR of 8%-10% during 2020-2025. The growth of pipeline safety market is driven by sustainable use of the resources, increased spending by the oil & gas companies in infrastructure and network protection, and increasing number of tragedies such as chemical gas leakage & terrorist attacks.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the pipeline safety market by technology & solution (pipeline monitoring systems, secure communication, perimeter intrusion detection, SCADA for pipelines, and intrusion control systems security), service (professional services, consulting services, risk management, repair & maintenance, and pipeline integrity management), vertical (natural gas, crude oil, refined products, and others), and region (North America, Europe, Asia Pacific, and Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the pipeline safety market?
Q.4 What are some ...
... changing demands of customers in the pipeline safety market?
Q.5 What are the new developments in the pipeline safety market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this pipeline safety area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this pipeline safety market?
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Market Segmentation:
Based on technology & solution, the pipeline safety market is segmented into pipeline monitoring systems, secure communication, perimeter intrusion detection, SCADA for pipelines, and intrusion control systems security. The SCADA (supervisory control and data acquisition) for pipelines segment is accounted for the largest share of the market in 2020 as it is cost effective and can be installed at any kind of location.
North America it is also expected to witness the largest region due to early adoption of pipeline safety in the oil & gas industry and higher technological advancements in this region.
Key Players in the pipeline safety market are GE, Schneider Electric, Siemens, ABB, and Honeywell International
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
To read more about this market please click on https://www.lucintel.com/pipeline-safety-market.aspx
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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