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Pipeline Safety: Globally Trending Market for Securing the Power and Energy Sector
There has been a significant rise in the construction of pipeline infrastructure all over the world. There has also been a significant increase in the number of attacks and cyber threats in the recent years over these critical infrastructures. The pipelines, compressor stations and control units are slowly becoming the vulnerable areas for security attacks. The attacks on these infrastructures vary from physical intrusion to cyber attacks. To safeguard these infrastructures and energy sector, the governments and pipeline operators are turning towards robust security and safety solutions.
There are companies that provide dedicated pipeline safety and integrity management solutions which include physical security, and network security solutions to safeguard these infrastructures. The solutions provided are highly sophisticated and provide a strong fortification to the facilities from outside threats and vulnerabilities.
Other factors driving the adoption of pipeline safety solutions are increase in government pressure, environmental constraints, security compliance and regulations. The existence of pipelines in densely populated areas, carrying hazardous materials pose a threat to the public residing alongside the pipelines and also environmental damage. These pipeline networks are widespread and surveillance through foot, car or aerial means are not adequate to monitor pipeline leaks and illegal tapping. Fiber optic cables are distributed sensors, which serve as a standard equipment for voice, video transmission and Supervisory Control and Data Acquisition (SCADA) data. They are often used to serve as a communication medium between remote control stations. They are also effective means to prevent oil/gas spills/leakages due to its unique ability to detect, classify and locate any physical interference caused by a third party. These sensors enable monitoring and early-detection of leaks along the length of the pipeline.
There has always been more emphasis on securing the processes in the energy facility from outside attacks and threats. But in recent times, there has been an increase in the insider attacks. Companies are focusing more on securing the restricted areas by implementing strict security and safety policies. These policies are designed by security consulting companies for protecting the facilities from people who are working inside the plants. These issues have given a boost for the pipeline safety consulting and professional service providers.
These growing trends have pushed the overall market of pipeline safety. The global market for pipeline safety is expected to grow from $4.35 billion in 2013 to $6.73 billion by 2018, at an estimated Compound Annual Growth Rate (CAGR) of 9.1% from 2013 to 2018.
Pipeline Safety Market [Physical Security (PIDS, Optic Fiber & Thermal Sensor, Acoustic Sensor, Leakage Detection, UAV, GPS Mapping, Smart Pigging), ICS Security, Professional Services] - Global Advancements, Forecasts & Analysis (2013 - 2018)
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