Market Share of MEA Pipeline Security Industry
The Middle East and Africa Pipeline Security Market is moderately competitive. But as oil corporations and the government spend more on technology, more vendors are entering the market, which is projected to boost market competition throughout the forecast period. ABB Ltd., Honeywell International Inc., Siemens AG, and Huawei Technologies Co. Ltd. are a few major companies active in the sector.
In April 2023, General Electric Co. announced that Baker Hughes' acquisition of Nexus Controls by its Gas Power division was completed. With the addition of this industry-leading aftermarket control system upgrade and field service capability, GE Gas Power, a division of GE Vernova, will establish a single, full-service controls business line in charge of advancing the Mark Vle controls systems platform, putting the OnCore system into use, as well as streamlining and enhancing the delivery and service of its controls offerings to clients.
In March 2023, SightLogix introduced SightTracker smart camera with Edge AI that automatically zooms and follows outdoor intruders with fast, on-target responsiveness. SightTracker PTZ works with SightSensor thermal detection cameras, staying locked onto intruders as they move throughout the site, even beyond the field of view of the detecting camera.
MEA Pipeline Security Market Leaders
GE Grid Solutions SPA
ABB Ltd.
Optasens Ltd.
Honeywell International Inc.
Siemens AG
*Disclaimer: Major Players sorted in no particular order
