The Telecom and Information Technology (IT) practice at MarketsandMarkets is pleased to announce its Analyst Briefing on “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)” to be held on 25 Feb, 2014. The briefing will cover an overview of drivers, restraints and opportunities that impact this market.
Pipelines play an important role in the transportation and distribution of hydrocarbons, chemicals and water. They are an important part of key infrastructure that is required to ensure the smooth operation of energy industry. They thus offer an efficient means for the growth of a nation, but due to the rise in the terrorist attacks and cyber attacks, these facilities have become more vulnerable and prone to rising threats. Health and environmental hazards are the one of the prime concerns, in case of an event of leakage or release of their contents during transportation. To counter these issues, government organizations and operators of pipeline systems are jointly working towards adoption of various security measures and technologies for protection of these infrastructures. Increasing terrorist attacks and rising sophisticated cyber attacks and threat control networks have made it compulsory for the pipeline and energy producing companies to implement highly sophisticated security solutions. Most countries have framed strict regulations and security compliances for securing the energy infrastructures.
The major factors driving this market are the increased government pressure, environmental regulations and compliances for securing the infrastructures. Increased terrorist attacks and rise in sophisticated cyber attacks have also made it compulsory for the companies to implement security solutions for safeguarding the facilities. The pipeline safety solutions providers are looking forward towards gaining a strategic advantage of this global situation, thereby creating comprehensive security solution which could be deployed across various applications in pipeline industry.
MarketsandMarkets estimates the global pipeline safety market to be $4.35 billion in 2013 and is expected to grow to $6.73 billion in 2018. In terms of regions, North America is expected to be the biggest market in terms of revenue contribution, while Asia-Pacific (APAC) and Middle East and Africa (MEA) are expected to experience increased market traction, in due course.
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Note: An email containing the Login Details and Time of the Analyst Briefing will be sent to you soon after your registration.