Market Share of Pipeline Security Systems Industry
The market trend moderately towards consolidation as a significant share of the market lies with the major market players. Innovation in the market requires the developers to have a better understanding of the industrial process to deliver a suitable solution and also drives close collaboration among the stakeholders during development, customisation to suit the end users need.
- Nov 2019 - Terra Drone Indonesia, a group company of Japan-based Terra Drone Corporation, conducted a demonstration to showcase the advantages of UAV-based pipeline monitoring to Indonesian oil and gas group Medco Energi Internasional Tbk PT. The demo was completed on November 15, 2019, in Purwakarta, West Java, using industry-leading Terra BRAMOR C4EYE UAS, manufactured by Terra Drone group company C-Astral.
- May 2019 - ABB launched a cloud-based SCADA system for offshore oil well drilling machines. This cloud-based visualisation system enables the small scale operators to gather insights about their onshore oil well drillings remotely similar to the big organisations without investing for the full on-premise SCADA system.
Pipeline Security Market Leaders
Honeywell International Inc.
General Electric Company
ABB Ltd.
Rockwell Automation, Inc.
Siemens AG
*Disclaimer: Major Players sorted in no particular order
