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.
The North America pipeline security market is estimated to grow at a CAGR of 12.3% in the forecast period 2016 - 2021. To deal with rising security threats in the form of terrorist attacks, sabotage, illegal tapping, and cyber-attacks, governments across the world are 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 network is 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 North America pipeline security market is segmented based on the following criteria: products (natural gas, crude oil, hazardous liquid pipelines/chemicals, water and others), technology and solutions (unmanned aerial systems, perimeter security/intruder detection, electro-optic systems, ground sensors, PIG location monitoring, sub-aqua systems, video surveillance, control systems and others) and countries (the United States, Canada and others).
The market study has listed a few major market players and their growth strategies & market shares. The key global market players include Alstom, ABB, Schneider Electric, Honeywell, Siemens, Thales Group, GE, Bae Systems, Esri, Huawei, Sightlogix, Skywave, Future Fibre Technologies and Senstar.
The North America pipeline security market is majorly driven by increased spending by oil and gas companies for reliable protected networks. Increased demand for natural gas and the upgradation of refineries, drilling sites are further fuelling the market growth. Increasing number of pipelines being laid in the region also boost the market for pipeline security.
Distributed site locations is a key market restraint since the implementation of an integrated security solution involves a lot of complications with the scattered network locations. High implementation and maintenance costs are another factors hindering the market growth.
Key deliverables of the study