Market Size of Europe Pipeline Security Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 3.47 Billion |
Market Size (2029) | USD 5.23 Billion |
CAGR (2024 - 2029) | 8.56 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Europe Pipeline Security Market Analysis
The Europe Pipeline Security Market size is estimated at USD 3.47 billion in 2024, and is expected to reach USD 5.23 billion by 2029, growing at a CAGR of 8.56% during the forecast period (2024-2029).
- Pipeline systems have evolved to become the primary solution for commercial activities. The market for pipeline security has been boosted by the demand for sustainable use of resources and the rising frequency of breaches and theft of small quantities of the product being transported.
- The pipeline system has been used since the 18th century for commercial activities. The pipelines are considered the safest, most reliable, and most efficient means of transporting large quantities of natural gas, crude oil, chemicals, and water across nations. Pipeline installations are critical infrastructure of high importance and value, and a threat to it can significantly affect meeting people's and organizations' needs and harm the environment.
- The pipeline installed for transporting commodities is estimated to span 3.5 million kilometers across 120 countries. Natural gas and crude oil pipelines are expected to be the most vulnerable to attacks. Hence, the oil and gas corporation's increased spending to install robust security infrastructure to ensure the security of the pipelines has been the primary reason for the market's growth.
- Demand for natural gas is anticipated to increase faster than the current demand for coal or oil. The increasing natural gas usage is increasing the demand for pipeline security.
- Additionally, the robust state-sponsored cyber-espionage campaigns are the most affected by the oil and gas sector, which can also affect the physical infrastructure. These vulnerabilities have pushed the industry players to divert significant funds for security.
- However, the high deployment and maintenance cost is incorporated with the pipeline security systems as the facility is diverse and scattered. This factor is restricting companies from pipeline security system adoption.
Europe Pipeline Security Industry Segmentation
Pipeline Security Systems protect pipelines transferring gas, oil, or other essential liquid products.
The European Pipeline Security Market is segmented by Product (Natural Gas, Crude Oil, Hazardous liquid pipelines/Chemicals, Other Products), Technology, and Solution (SCADA Systems, Perimeter Security/Intruder Detection Systems, Industrial Control Systems Security, Video Surveillance & GIS Mapping, Pipeline Monitoring, Other Technology, and Solutions) and Country (Germany, United Kingdom, France, Russia, Spain, Rest of Europe). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
By Product | |
Natural Gas | |
Crude Oil | |
Hazardous liquid pipelines/ Chemicals | |
Other Products |
By Technology and Solution | |
SCADA System | |
Perimeter Security/Intruder Detection System | |
Industrial Control Systems Security | |
Video Surveillance and GIS Mapping | |
Pipeline Monitoring | |
Other Technology and Solutions |
By Country | |
Germany | |
United Kingdom | |
France | |
Russia | |
Spain | |
Rest of the Europe |
Europe Pipeline Security Market Size Summary
The Europe Pipeline Security Market is experiencing significant growth, driven by the increasing demand for secure and efficient transportation of natural gas, crude oil, chemicals, and water. As pipeline systems have become integral to commercial activities, the need for robust security measures has intensified due to the rising frequency of breaches and thefts. The market is further propelled by the growing reliance on natural gas, which is expected to outpace the demand for coal and oil, necessitating enhanced security infrastructure. Despite the high costs associated with deploying and maintaining pipeline security systems, the urgency to protect critical infrastructure from physical and cyber threats has led to increased investments by oil and gas corporations. The adoption of advanced technologies, such as Supervisory Control and Data Acquisition (SCADA) systems, has also contributed to the market's expansion by enabling real-time monitoring and rapid response to potential hazards.
The European Union's dependence on external natural gas supplies and the geopolitical complexities surrounding these resources have underscored the importance of pipeline security. Investments in cross-border transmission capacity and infrastructure projects, such as the Southern Gas Corridor, aim to enhance energy security and diversify gas supply sources. The market is characterized by moderate consolidation, with major players like Honeywell International, General Electric Company, and ABB Ltd. holding significant market shares. These companies are driving innovation through collaborations and the development of advanced solutions to meet the evolving needs of the industry. Recent product launches, such as ABB's Sensi+ analyzer and Blackline Safety Corp's G6 personal gas detector, highlight the ongoing efforts to improve pipeline operation efficiency and safety. As Europe continues to navigate energy challenges, the pipeline security market is poised for sustained growth, supported by technological advancements and strategic investments.
Europe Pipeline Security Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increased Spending of Oil and Gas Companies
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1.2.2 Growing Worldwide Demand for Natural Gas
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1.2.3 Increasing Requirement of SCADA System
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1.3 Market Restraints
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1.3.1 Scattered Facilities
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1.3.2 High Implementation and Maintenance Costs
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1.4 Industry Value Chain Analysis
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1.5 Industry Attractiveness - Porter's Five Forces Analysis
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1.5.1 Bargaining Power of Buyers
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1.5.2 Bargaining Power of Suppliers
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1.5.3 Threat of New Entrants
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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1.6 Assessment of the impact of COVID-19 on the industry
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2. MARKET SEGMENTATION
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2.1 By Product
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2.1.1 Natural Gas
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2.1.2 Crude Oil
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2.1.3 Hazardous liquid pipelines/ Chemicals
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2.1.4 Other Products
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2.2 By Technology and Solution
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2.2.1 SCADA System
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2.2.2 Perimeter Security/Intruder Detection System
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2.2.3 Industrial Control Systems Security
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2.2.4 Video Surveillance and GIS Mapping
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2.2.5 Pipeline Monitoring
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2.2.6 Other Technology and Solutions
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2.3 By Country
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2.3.1 Germany
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2.3.2 United Kingdom
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2.3.3 France
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2.3.4 Russia
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2.3.5 Spain
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2.3.6 Rest of the Europe
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Europe Pipeline Security Market Size FAQs
How big is the Europe Pipeline Security Market?
The Europe Pipeline Security Market size is expected to reach USD 3.47 billion in 2024 and grow at a CAGR of 8.56% to reach USD 5.23 billion by 2029.
What is the current Europe Pipeline Security Market size?
In 2024, the Europe Pipeline Security Market size is expected to reach USD 3.47 billion.