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PUBLISHER: Mordor Intelligence Pvt Ltd | PRODUCT CODE: 1054409

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PUBLISHER: Mordor Intelligence Pvt Ltd | PRODUCT CODE: 1054409

Middle East and Africa Pipeline Security Market - Growth, Trends, COVID-19 Impact, and Forecast(2022 - 2027)

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The Middle East and Africa Pipeline Security Market is expected to grow by registering a CAGR of 7.1% during the forecast period (2021-2026). The surge in spending by most oil and gas companies for modernizing the existing pipeline infrastructure and growing demand for leak detection systems, monitoring and & controlling the fluid dynamics, and concerns regarding pipeline safety in chemical and power generation industries because of strict government legislations are driving the growth of the market in the region.

Key Highlights

  • The pipeline system has been used since the 18th Century for commercial activities. The pipelines are considered to be the safest, reliable, and efficient means of transporting large quantities of crude oil, natural gas, chemicals, and water across nations. Pipeline installations are critical infrastructure of high importance and value, and a threat to it can have a significant effect on meeting the needs of people, organizations and can cause harm to the environment.
  • To deal with rising security threats in the form of terrorist attacks, sabotage, illegal tapping, and cyber-attacks, governments in the Middle East and African region are working towards formulating and implementing strategies to keep the pipelines safe from these threats. Consequently, it is essential for organizations to deploy comprehensive solutions maintaining the requirements of the government compliance, policies, and regulations.
  • Advanced technologies and solutions like SCADA, aqua-based systems, DAS (Distributed Acoustic Sensing), unmanned aerial vehicles, and video surveillance have become a necessity to secure the pipelines. Furthermore, the use of artificial intelligence (AI) and IoT for advanced prediction of issues in the pipeline is a key trend in the pipeline safety market.
  • The global outbreak of the COVID-19 pandemic had a notable impact on the growth of the market as several restrictions imposed across different parts of the world reduced the demand for energy products such as crude oil, diesel, and petrol, which led to a decline in investment by the companies towards the adoption of advanced technologies, which hampered the demand for pipeline security systems for a brief period. However, with the conditions shifting towards normalcy and businesses starting to open up, the market is anticipated to gain momentum during the forecast period.
  • Furthermore, owing to the growing global environmental concern, governments across the world have framed many safety and recovery protocols over the leakage of hazardous products, which is further anticipated to support the growth of the market studied during the forecast period.

Key Market Trends

Pipelines for the Transportation of Crude Oils to Drive the Demand

  • The discovery of vast oil reserves has played a significant role in the development of several countries in the Middle East and African region as a significant portion of the wealth generated by the countries in the region is generated through the sale of crude oil.
  • According to WPS, the oil and gas pipeline market in the Middle East and Africa alone is anticipated to cross USD 10 Billion by 2022. Furthermore, the Middle East's oil and gas new-build transmission pipeline length additions account for approximately 43% of the region's planned and announced pipeline length additions between 2020 and 2023.
  • As the region beset by widespread upheaval and civil war, shifting geopolitical alignments, and the competition between rival coalitions. The importance of security systems to protect the pipeline becomes essentials highly. As a result, increased investment towards the adoption of advanced technologies to protect the pipelines is being made by the oil and gas companies.
  • Furthermore, increased cases of pipeline leakage and explosions are also augmenting the demand for safety and security systems. For instance, in July 2021, an explosion took place in Ilam Province's Cheshmeh Khosh oilfield, located approximately 20 km northwest of the town of Shush in Khuzestan Province of Iran.

Saudi Arabia to Hold Significant Market Share

  • Saudi Arabia is the largest crude oil producer in OPEC and the second-largest total petroleum liquids producer in the world after the United States. According to EIA, Saudi Arabia holds 15% of the world's proven oil reserves. It is the largest exporter of crude oil in the world and maintains the world's largest crude oil production capacity at nearly 12 million barrels per day, including capacity from the Neutral Zone that is shared with Kuwait.
  • In 2020, Saudi Arabia exported an estimated 6.6 million b/d of crude oil, down nearly 300,000 b/d from 2019, according to Global Trade Tracker (GTT). A 570,000 b/d decline in petroleum production combined with a decline in global demand primarily due to COVID-19 caused exports to drop in 2020.
  • Furthermore, according to a report from WPS, the Kingdom of Saudi Arabia currently has over USD 9.9 Billion worth of midstream projects under execution. The country has about 12,889 km worth of active pipelines, with an additional 1,157 km being planned.
  • Additionally, water is a scarce commodity in the country, and pipelines are an integral part of the water supply system in the country. The Saudi government aims to achieve its goals of ensuring sustainable development of the country's water resources while providing affordable, high-quality services, which is expected to drive increased investment in innovative technologies such as pipeline security systems for effective management of the resource.

Competitive Landscape

The Middle East and Africa Pipeline Security Market is moderately competitive. However, the increasing investment in technology by the oil companies and government is attracting more vendors in the market, which is expected to increase the competitiveness of the market during the forecast period. Some of the key players operating in the market include ABB Ltd., Honeywelll International Inc., Siemens AG, and Huawei Technologies Co. Ltd. Etc.

  • November 2021 - Schneider Electric and Prisma Photonics, a provider of next-generation fiber sensing for smart infrastructure, announced a partnership to help oil and gas pipeline owners and operators prevent accidental and malicious activity by providing real-time intelligence and precise monitoring of oil and gas infrastructure.
  • June 2021 - Owing to an increased number of cyberattacks on its systems, Israel's national water carrier Mekorot has become a partner and investor in IXDen, a local startup that guards against the malfunctioning of interconnected devices, whether caused by cyberattack or routine wear and tear.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Product Code: 48805

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.2.1 Threat of New Entrants
    • 4.2.2 Bargaining Power of Buyers
    • 4.2.3 Bargaining Power of Suppliers
    • 4.2.4 Threat of Substitute Products
    • 4.2.5 Intensity of Competitive Rivalry
  • 4.3 Industry Value Chain Analysis

5 MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Increased Spending by Oil and Gas Companies for Reliable Protected Networks
    • 5.1.2 Increased demand for natural gas and the upgradation of refineries
    • 5.1.3 Rising Political Instability in the Region
  • 5.2 Market Restraints
    • 5.2.1 High Installation & Maintenance Cost
    • 5.2.2 Distributed Site Locations
  • 5.3 Assessment of the Impact of COVID-19 on the Market

6 MARKET SEGMENTATION

  • 6.1 By Products
    • 6.1.1 Natural Gas
    • 6.1.2 Crude Oil
    • 6.1.3 Hazardous Liquid Pipelines/Chemicals
    • 6.1.4 Water
    • 6.1.5 Others
  • 6.2 By Technology and Solutions
    • 6.2.1 Unmanned Aerial Systems
    • 6.2.2 Perimeter Security
    • 6.2.3 Electric-Optic Systems
    • 6.2.4 Ground Sensors
    • 6.2.5 PIG Location Monitoring
    • 6.2.6 Sub-Aqua Systems
    • 6.2.7 Video Survillance
    • 6.2.8 Control Systems
    • 6.2.9 Others
  • 6.3 By Country
    • 6.3.1 United Arab Emirates
    • 6.3.2 Saudi Arabia
    • 6.3.3 Israel
    • 6.3.4 South Africa
    • 6.3.5 Others

7 COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 GE Grid Solutions SPA
    • 7.1.2 ABB Ltd.
    • 7.1.3 Optasens Ltd.
    • 7.1.4 Honeywell International Inc.
    • 7.1.5 Siemens AG
    • 7.1.6 Thales S.A.
    • 7.1.7 General Electric Co.
    • 7.1.8 Bae Systems Inc.
    • 7.1.9 Environmental Systems Research Institute, Inc.
    • 7.1.10 Huawei Technologies Co. Ltd.
    • 7.1.11 SightLogix, Inc.
    • 7.1.12 SkyWave Mobile Communications, Inc.
    • 7.1.13 Future Fiber Technologies Ltd
    • 7.1.14 Senstar Corporation

8 INVESTMENT ANALYSIS

9 FUTURE OF THE MARKET

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Christine Sirois

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