Market Research Report
Asia Pacific Pipeline Security Market - By Products (Natural Gas, Crude Oil, Hazardous Liquid Pipelines or Chemicals, Water), Technology and Solutions, Countries, Trends, Forecast - (2017 - 2022)
|Published by||Mordor Intelligence LLP||Product code||546591|
|Published||Content info||98 Pages
Delivery time: 2-3 business days
|Asia Pacific Pipeline Security Market - By Products (Natural Gas, Crude Oil, Hazardous Liquid Pipelines or Chemicals, Water), Technology and Solutions, Countries, Trends, Forecast - (2017 - 2022)|
|Published: January 26, 2017||Content info: 98 Pages||
The Asia Pacific Pipeline Security market is valued at USD 1.001 billion in 2016 and is expected to reach a value of USD 2.04 billion by the end of 2022, growing at a projected CAGR of 12.61% during the forecast period of 2017 - 2022. 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 as well.
To deal with rising security threats in the form of terrorist attacks, sabotage, and illegal tapping, and cyber-attacks, government sector in this region is 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. Manual inspection or presence of armed guards is not a solution for pipelines running in thousands of kilometers as most of the pipeline networks are buried underground.
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. The increased spending by oil & gas companies for reliable networks and the installation of new pipelines in the region are driving the growth of pipeline security in Asia-Pacific region.
The report also considers key trends that impact the industry and key profiles of leading companies in the market. Some of the companies mentioned in the report are Alstom, ABB, Schneider Electric, Honeywell, Siemens, Thales Group, GE, Bae Systems, Huawei, Skywave, and Senstar.
Increased spending by oil & gas companies for reliable networks
Natural gas is raising new security challenges in APAC
Installation of new pipelines
High installation and maintenance costs
Rise in safety regulations and standards are collectively boosting the pipeline security market.
This report exhaustively analyzes the Asia-Pacific pipeline security market by segmenting it based on:
Geography, and by service type (risk management service, pipeline integrity management service, designing, integration and consultation service, and maintenance and support service)
By products (natural gas, crude oil, chemical pipelines, water and others)
By technology & solutions (surveillance, perimeter intrusion detection, secure communication, leakage detection systems, fire and explosion safety and industrial control systems security).
WHAT THE REPORT OFFERS
Market definition for Asia-Pacific pipeline security market along with identification of key drivers and restraints for the market.
Market analysis for the Asia-Pacific pipeline security market, with region-specific assessments and competition analysis on a regional scale.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that can influence the market on a regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
Identification and analysis of the macro and micro factors that affect the Asia-Pacific pipeline security market on a regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.