Pipeline Safety: Introduction
- Pipeline safety refers to the set of responsibilities that apply to all pipelines. Integration of pipeline safety into the pipeline infrastructure helps monitor, control, and analyze the main network connectivity.
- Pipeline is a safe and efficient way to transport energy products such as natural gas, crude oil, and other fuels in several end-user industries such as oil & gas, chemical, petrochemical, and refinery. Despite being the safest option to transport energy products, several risks are associated with the transportation of oil and gas through pipelines over long distances.
- Pipeline operators employ several monitoring and control solutions to enhance safety and minimize the risks associated with the transportation of oil and gas through pipelines. Increase in need to control and monitor fluid dynamics is expected to boost the demand for pipeline safety during the forecast period.
Key Drivers and Restraints of Pipeline Safety Market
- Rise in investment in development of gas pipeline infrastructure and increase in number of oil and gas leakage accidents are anticipated to drive the pipeline safety market during the forecast period. Leakage of oil or gas due to pipeline failure leads to irreversible damages such as significant environmental pollution and financial loss. This is further driving the pipeline safety market.
- Consumption of petroleum products has been increasing significantly across the globe due to rapid industrialization and urbanization. Constant rise in demand for refined products in several end-use industries has boosted investments in the expansion of petroleum product pipeline. Expansion of pipeline networks has boosted the demand for pipeline safety. This, in turn, is estimated to propel the pipeline safety market during the forecast period. Pipeline companies are employing several sophisticated monitoring technologies such as aerial & ground surveillance, video surveillance, and sensors for pipeline monitoring.
- High upfront cost associated with installation of pipeline monitoring system is anticipated to hamper the global pipeline safety market during the forecast period
Onshore Application Segment to Hold Major Share of Global Market
- The global pipeline safety market can be segmented based on solution, application, and region.
- In terms of solution, the global pipeline safety market can be divided into pipeline monitoring system, industrial control system security, perimeter intrusion detection, secure communication, and SCADA.
- Based on application, the global pipeline safety market can be bifurcated into onshore and offshore. The onshore segment held major share of the global pipeline safety market in 2020 due to the increase in investment in development of pipeline infrastructure in onshore locations.
COVID-19 Impact Analysis
Rapid transmission of the COVID-19 disease is significantly impacting the demand for several energy products such as crude oil, diesel, and petrol. Significant variation in demand for energy products leads to decline in requirement of pipeline infrastructure. Demand for pipeline safety is directly linked with investments in development of pipeline infrastructure. Thus, significant decline in investment in pipeline infrastructure is anticipated to hamper the demand for pipeline safety.
Asia Pacific Pipeline Safety Market to Expand Rapidly
- In terms of region, the global pipeline safety market can be segregated into Middle East & Africa, Latin America, Asia Pacific, Europe, and North America
- The pipeline safety market in Asia Pacific is expected to expand at a significant pace during the forecast period owing to the surge in investment in development of oil and gas pipeline infrastructure along with rise in security concern over pipeline attacks in the region
- The pipeline safety market in Europe is projected to expand during the forecast period due to increase in adoption of pipeline monitoring solutions across several end-user industries such as, oil & gas, chemical, refineries, and water treatment in the region
- The market in North America is anticipated to expand at a moderate CAGR during the forecast period due to increase in concerns regarding pipeline safety in end-use industries such as power generation and chemical industries owing to stringent government regulations regarding hydrocarbon leakages
- The pipeline safety market in Latin America and Middle East & Africa is projected to expand at a sluggish pace during the forecast period due to growth in requirement for better distribution of water and power in urban as well as rural areas in these regions
Key Players Operating in Global Market
Leading companies operating in the global pipeline safety market include:
- Honeywell International Inc
- Huawei Technologies Co., Ltd
- AVEVA Group plc
- ABB
- Siemens AG
- Schneider Electric
- Baker Hughes
Global Pipeline Safety Market: Research Scope
Global Pipeline Safety Market, by Application
Global Pipeline Safety Market, by Solution
- Pipeline Monitoring System
- Industrial Control System Security
- Perimeter Intrusion Detection
- Secure Communication
- SCADA
Global Pipeline Safety Market, by Region
- North America
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Norway
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- Thailand
- Indonesia
- India
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- UAE
- Saudi Arabia
- Iran
- Kuwait
- Oman
- South Africa
- Rest of Middle East & Africa
