Market Trends of Europe Pipeline Security Industry
SCADA Segment to Hold a Significant Share
- Supervisory Control and Data Acquisition (SCADA) software have experienced rapid growth over the past decade. SCADA system helps the end-user industry employees to analyze the data and make crucial decisions from a remote location.
- It further assists in mitigating the issues with a quick response as it processes, distributes, and displays the data on Human Machine Interface (HMI). Pipeline SCADA systems immediately detect hazards and leaks and effectively alarm security forces or maintenance crews.
- It offers a unique solution for the detection of on and underground activities. The applications are specifically used for the detection of digging and leakage.
- The UK alone has about 20,000 kilometers of pipelines for transporting petroleum products. SCADA systems are employed to monitor and control this massive oil pipeline network. The oil pipeline SCADA has several hundred RTUs (remote terminal units) connected to field instruments that measure pressure, temperature, and rate of flow of the oil flowing through the pipes and change the statuses of valves and pumps along the pipeline.
- According to EIA, the energy demand is expected to reach 681 quadrillions of BTU by 2040. The increasing demand for natural gas production and supply globally to reduce carbon emission demands pipeline security systems.
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Increasing investments in oil and gas is driving the market
- The increasing investments in oil and gas significantly contribute to the region's pipeline security market growth. The European Union (EU) is highly dependent on external natural gas supplies and has experienced severe gas cuts in the past, mainly driven by the high-pressure natural gas system's technical complexity and political instability in some of the supplier countries.
- Declining indigenous natural gas production and growing demand for gas in the EU has encouraged investments in cross-border transmission capacity to increase resource-sharing between the member states, particularly in the aftermath of the Russia-Ukraine gas crisis.
- Amidst the growing need to cut operating costs, companies operating through the pipeline in the region seek help from AI to automate functions, predict equipment problems, and increase the output of oil and gas.
- At present, European countries are among the primary consumers of Azerbaijani oil. Italy is Azerbaijan's leading trading partner selling this oil on world markets. In the autumn of this year, Europe will also start consuming Azerbaijani gas.
- For this purpose, a 3,500-kilometer-long Southern Gas Corridor pipeline is being built and is nearing completion. Its last ring, the Trans-Adriatic Pipeline to the Adriatic Sea's Italian shores, is 97 percent completed. TAP is the Southern Gas Corridor's European section, enhancing Europe's energy security and contributing to decarbonization and gas supply diversification.
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