logo

Pipeline Security Systems Market Size (2024 - 2029)

The pipeline security systems market is experiencing growth driven by the increasing demand for secure transportation of natural gas and crude oil, which are becoming more vulnerable to attacks. This demand is further fueled by the global shift towards eco-friendly industrial practices and the need to meet carbon reduction targets. Despite the high costs associated with deploying and maintaining these security systems, the oil and gas sector's susceptibility to cyber-espionage and physical threats has led to significant investment in pipeline security. However, the diverse and scattered nature of pipeline facilities poses challenges to widespread adoption, impacting the overall market size.

Home Market Analysis Technology, Media and Telecom Research Security & Surveillance Research Pipeline Security Systems Market Market Size

Market Size of Pipeline Security Systems Industry

pipeline monitoring system market overview
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 9.45 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration High

Major Players

pipeline monitoring system market size

*Disclaimer: Major Players sorted in no particular order

Pipeline Security Market Analysis

The pipeline security market was valued at USD 7.66 billion in 2020 and is expected to reach USD 13.22 billion by 2026, at a CAGR of 9.45% over the forecast period 2021 - 2026. 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 is being used since the 18th century for commercial activities. The pipelines are considered the safest, reliable, and 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 can harm the environment.
  • The pipeline installed for the transport of commodities is estimated to span across 3.5 million kilometers across 120 countries worldwide. Natural gas and crude oil pipelines are expected to be the most vulnerable to attacks. Hence, the increased spending by the oil and gas corporation to install robust security infrastructure to ensure security to the pipelines has been the primary reason for the market's growth globally.
  • Demand for natural gas is anticipated to increase faster than the current demand for coal or oil in the future. This has been predicted with the consideration to adhere the carbon reduction targets set globally to move towards an eco-friendly industrial sector. The increasing natural gas usage is increasing demand for its pipeline security.
  • Additionally, the oil and gas sector is the most affected by the robust state-sponsored cyber-espionage campaigns, which can affect the physical infrastructure as well. These vulnerabilities have pushed the industry players to divert significant amounts of funds for security.
  • However, the high deployment and maintenance cost is incorporated with the pipeline security systems as the pipeline facility is diverse and scattered. This factor is restricting companies from pipeline security system adoption.

Pipeline Security Industry Segmentation

The scope of the study for pipeline security market is limited to the type of security systems offered by the vendors for different commodity pipelines globally. The after sales service are not considered for market estimation.

Product
Natural Gas
Crude Oil
Hazardous liquid pipelines/ Chemicals
Other Products
Technology and Solution
SCADA System
Perimeter Security/Intruder Detection System
Industrial Control Systems Security
Video Surveillance & GIS Mapping
Pipeline Monitoring
Other Technology and Solutions
Geography
North America
Europe
Asia Pacific
Lain America
Middle East and Africa
Need A Different Region Or Segment?
Customize Now

Pipeline Security Systems Market Size Summary

The pipeline security systems market is experiencing significant growth, driven by the increasing demand for secure and efficient transportation of natural gas, crude oil, chemicals, and water. As pipelines are critical infrastructure, their protection is paramount to prevent environmental harm and ensure the smooth operation of commercial activities. The market's expansion is fueled by the rising frequency of breaches and thefts, prompting oil and gas corporations to invest heavily in robust security measures. Despite the high costs associated with deployment and maintenance, the need for enhanced security is underscored by the vulnerabilities posed by state-sponsored cyber-espionage and the growing demand for natural gas, which is expected to surpass that of coal and oil in the future.

In Europe, the pipeline security market is bolstered by the region's dependence on external natural gas supplies and the need to enhance cross-border transmission capacity. The completion of projects like the Southern Gas Corridor, which includes the Trans-Adriatic Pipeline, is crucial for diversifying energy sources and improving energy security. The market trend is moderately consolidating, with major players holding significant market shares. Innovations such as UAV-based pipeline monitoring and cloud-based SCADA systems are emerging, facilitating remote monitoring and data analysis. These advancements, along with strategic collaborations and investments, are shaping the future of pipeline security systems, ensuring they meet the evolving needs of the industry.

Explore More

Pipeline Security Systems Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increased Spending of Oil & Gas Companies

      2. 1.2.2 Growing Worldwide Demand for Natural Gas

    3. 1.3 Market Restraints

      1. 1.3.1 Scattered Facilities

      2. 1.3.2 High Implementation and Maintenance Costs

    4. 1.4 Industry Value Chain Analysis

    5. 1.5 Industry Attractiveness - Porter's Five Force Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Assessment of the impact of COVID-19 on the industry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Product

      1. 2.1.1 Natural Gas

      2. 2.1.2 Crude Oil

      3. 2.1.3 Hazardous liquid pipelines/ Chemicals

      4. 2.1.4 Other Products

    2. 2.2 Technology and Solution

      1. 2.2.1 SCADA System

      2. 2.2.2 Perimeter Security/Intruder Detection System

      3. 2.2.3 Industrial Control Systems Security

      4. 2.2.4 Video Surveillance & GIS Mapping

      5. 2.2.5 Pipeline Monitoring

      6. 2.2.6 Other Technology and Solutions

    3. 2.3 Geography

      1. 2.3.1 North America

      2. 2.3.2 Europe

      3. 2.3.3 Asia Pacific

      4. 2.3.4 Lain America

      5. 2.3.5 Middle East and Africa

Pipeline Security Systems Market Size FAQs

The Pipeline Security Systems Market is projected to register a CAGR of 9.45% during the forecast period (2024-2029)

Honeywell International Inc., General Electric Company, ABB Ltd., Rockwell Automation, Inc. and Siemens AG are the major companies operating in the Pipeline Security Systems Market.

Pipeline Security Systems Report Snapshots

Pipeline Security Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)