The Global Pipeline Safety Market was valued at USD 5.85 billion in 2016 and is projected to reach U

The Global Pipeline Safety Market was valued at USD 5.85 billion in 2016 and is projected to reach USD 13.40 billion by 2025, growing at a CAGR of 9.65% from 2017 to 2025. 

Pipelines are recognized as a safe and reliable means of transporting hazardous products over significant distances. Pipeline safety is defined as a range of general duties which are applicable to all pipelines, and additional duties for major accident hazard pipelines which transport products defined as dangerous fluids. Benefits of pipeline safety includes - reduced administration costs, reduced insurance and liability costs, reduced costs from injuries and illness, and improved level of compliance.

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Sample Infographics:

Market Dynamics:
1. Market Drivers
1.1 Rising security regulations and standards
1.2 Increasing demand of oil and gas in developing economies
1.3 Increasing sustainable use of resources
1.4 Up gradation of refineries, drilling sites and exploration of new sites
2. Market Restraints
2.1 Budget constraints
2.2 Issues with multi-site facilities for implementing comprehensive security solutions
2.3 Increasing population and political instability

Market Segmentation:
The Global Pipeline Safety Market is segmented on the Service, Solution, vertical, and region.

1. By Service:
1.1 Repair and maintenance
1.2 Professional services
1.3 Risk management
1.4 Pipeline integrity management
1.5 Consulting services

2. By Solution:
2.1 Video surveillance
2.2 Perimeter intrusion detection
2.3 Industrial control system security
2.4 SCADA for pipelines
2.5 Pipeline monitoring system
2.6 Leakage detection
2.7 Integrated fiber optics monitoring
2.8 Secure communication
2.9 Satellite monitoring, External threat
2.10 Pig tracking

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3. By Vertical:
3.1 Natural gas
3.2 Crude oil
3.3 Refined products
3.4 Others

4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America) 
4.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. General Electric 
2. Huawei Technologies Co. Ltd. 
3. ABB Group 
4. BAE Systems 
5. Honeywell International Inc. 
6. Thales Group 
7. Schneider Electric Se 
8. Senstar, Inc.
9. Siemens AG
10. Radiobarrier 
11. Future Fiber Technologies 
12. Syrinix

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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