HOME Research Insight General Electric is one of the Key Market Players Offering Products,Solutions, and Services in the Pipeline Safety Market.

General Electric is one of the Key Market Players Offering Products,Solutions, and Services in the Pipeline Safety Market.

Pipeline safety focuses on the technologies and products needed to protect the existing and future pipeline infrastructure. Pipelines play an important role in the transportation and distribution of hydrocarbons, chemicals, and water. They are an important part of the key infrastructure required to ensure the smooth operation of the energy industry. This market has been constantly evolving and advancing towards the safety measures that need to be deployed in case of potential threat alerts.

Pipeline safety provider companies have adopted many strategies to increase their share in the market. General Electric is one of the key market players offering products, solutions, and services in the pipeline safety market. The company has adopted the strategy of partnership and agreement to widen its product offering in the pipeline safety market. In line with this, in July 2016, GE partnered with Iraq Ministry of Oil, to strengthen the performance of Iraqs energy sector by moving it towards digitization. GE Oil & Gas will set up a monitoring and diagnostics center that will provide predictive maintenance, reduced downtime, and improved operational efficiency of that fleet. In January 2016, GE and Accenture together developed an Intelligent Pipeline solution, which will help natural-gas utilities and operators to monitor pipelines in real time, reducing pipeline risk assessment. This deployment enabled GE and Accenture to offer enhanced decision making using current information and the leaks could be detected on time by using small pigging that will be running through the pipes.

Schneider Electric is also one of the key market players of the pipeline safety market with a vast product portfolio and geographic reach. The company has undertaken collaborations and partnerships as its core strategies to compete in the pipeline safety market. For instance, in April 2016, IntelliView Technologies Inc. collaborated with Schneider Electric and agreed to offer IntelliView’s video analytics based leak detection technology as an integrated solution for Enterprise Pipeline Management System (ePLMS) applications suite. This will allow a safe pipeline operation application for liquids pipeline operators. Again, in April 2016, Schneider Electric entered into a partnership with Berkana Resource Corporation (BRC) to develop software solutions with integral safety and compliance support, while ensuring the solutions meet the Pipeline and Hazardous Materials Safety Administration regulatory requirements.

The North American market has the largest market share for pipeline safety market attributed to the increasing demand of leakage detection and pipeline safety monitoring in the region. In the near future, MarketsandMarkets expects the pipeline safety market to grow in the emerging economies in the regions of Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America because of the increasing demand for pipeline safety. These regions lack legacy infrastructure; therefore, the need to develop an environment-friendly oil & gas and fuel transportation system is important, thereby leading to high adoption of pipeline safety solutions.

Related Reports:

Pipeline Safety Market by Technology and Solution (Pipeline Monitoring Systems, Secure Communication, Perimeter Intrusion Detection, SCADA for Pipelines, Intrusion Control Systems Security), Service, Vertical, and Region - Global Forecast to 2021

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