Pipeline Safety Market Soaring at +6% CAGR to 2021 to Hit $US 8.67 Billion by 2021

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The pipeline safety market size is estimated to grow from USD 5.57 billion in 2016 to USD 8.67billion by 2021, at a CAGR of 9.3% while SCADA for pipelines and pipeline monitoring systems are expected to gain noticeable traction during the forecast period

The pipeline safety market growth is attributed to the increasing pipeline infrastructure all around the globe and increasing cyber-attacks on critical infrastructure. The growing number of pipeline projects in the Asia-Pacific (APAC) are owing to the increasing energy needs are driving the growth of the market in the region; high technological spending in North America and Europe are also contributing to the growth of the pipeline safety market in these regions. However, lack of apprehension about security implementation by operators is restraining the pipeline safety growth.

Complete report on pipeline safety market spread across 158 pages, profiling 10 companies and supported with 71 tables and 54 figures is now available at http://www.reportsnreports.com/reports/744671-pipeline-safety-market-by-technology-and-solution-pipeline-monitoring-systems-secure-communication-perimeter-intrusion-detection-scada-for-pipelines-intrusion-control-systems-security-service-vertical-and-r-st-to-2021.html .

The Supervisory Control and Data Acquisition (SCADA) for pipeline segment is expected to grow at the highest CAGR among all the technologies and solutions during the forecast period. SCADA provides a real-time solution specific to the requirements of oil and gas industry. The flexible solution is gaining traction, as it provides open interface for customization depending upon pipeline requirements.

North America is expected to account for the largest market share in 2016. The drivers responsible for the growth of the pipeline safety market in North America are stable economy, quick technological adoption, and advanced infrastructure demands. With the increasing pipeline infrastructure projects and presence of advanced technology in the U.S., the pipeline safety market is set to grow at a rapid pace in the region.

In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key industry personnel. The break-up profile of primary discussion participants is given below.

- By Company Type: Tier-1 (35%), Tier-2 (40%), and Tier-3 (25%) companies
- By Designation: C-level (40%), Director Level (30%), and others (30%)
- By Region: North America (40%), APAC (25%), Europe (20%), and Rest of the World (15%)

The various key pipeline safety vendors profiled in the report are as follows:

• ABB Group (Zurich, Switzerland)

• GE Security (New York, U.S.)

• Schneider Electric (Rueil-Malmaison, France)

• Siemens AG (Munich, Germany)

• Honeywell International (Wabash, Indiana, U.S.)

• BAE Systems(London, U.K.)

• Future Fiber Technologies (Melbourne, Australia)

• Huawei (Shenzhen, China)

• Thales Group (La Defense, France)

• Senstar (Ontario, Canada)

• Key Innovators - Syrinix (U.K.)

• Key Innovators - Radiobarrier (Russia)

Request a discount on a copy of Pipeline Safety Market by Technology and Solution (Pipeline Monitoring Systems, Secure Communication, Perimeter Intrusion Detection, SCADA for Pipelines, Intrusion Control Systems Security), Service, Vertical, and Region - Global Forecast to 2021 research report at http://www.reportsnreports.com/contacts/discount.aspx?name=744671 .

The report carries discussion on various pipeline safety segments, such as by technology and solution (perimeter intrusion detection, secure communication, SCADA for pipelines, pipeline monitoring systems, industrial control system security), vertical (natural gas, crude oil, refined products, others), and service (professional services, pipeline integrity management services).

Inquiry Before Buying on this Report http://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=744671 .

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