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.
The Asia-Pacific pipeline security market is expected to grow at a CAGR of 12.3% during the period 2016 - 2021 with many vendors working towards providing advanced as well as traditional security solutions.
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.
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