The global pipeline security system market is anticipated to grow at a significant CAGR of 9.1% during the forecast period (2024-2031). Pipeline security is of utmost importance as the pipelines are critical systems that can compromise an entire environment if vulnerable. Pipeline security can help protect the pipeline infrastructure and the environment by preventing criminal activity, ensuring quality assurance, and prioritizing security risks. Therefore, the huge adoption rate of pipeline security systems to minimize the impact of security threats is anticipated to drive the growth of the global pipeline security system market. In August 2022, European pipeline & energy supplier Encevo was attacked by ransomware BlackCat. The attack specifically affected natural gas pipeline operator Creos and the energy supplier Enovos.
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Further, on May 7, 2021, the Colonial Pipeline, an American oil pipeline system had become the victim of a ransomware attack. The attack infected the pipeline’s digital systems, shutting it down for several days. The shutdown affected consumers and airlines along the East Coast. Such kind of malware attacks led to the loss of critical information of users along with financial loss to the pipeline operators. Thus, the increasing frequency of such attacks and breaches further promotes the demand for global pipeline security system market.
Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered-
o By Product
o By Solution
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- ABB Ltd., General Electric Company, Honeywell International Inc., Rockwell Automation, Inc., and Schneider Electric, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Pipeline Security System Market Report Segment
By Product
- Natural Gas
- Crude Oil
- Hazardous Liquid Pipelines/ Chemicals
By Solution
- SCADA System
- Perimeter Security/ Intruder Detection System
- Industrial Control Systems Security
- Video Surveillance & GIS Mapping
- Pipeline Monitoring
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Global Pipeline Security System Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Cisco Systems Inc.
- Emerson Electric Co.
- Huawei Technologies Co. Ltd
- ORBCOMM Inc.
- PERMA-PIPE International Holdings, Inc.
- PSI Software SE
- Pure Tech Codex Pvt. Ltd.
- QinetiQ Group
- ROSEN Swiss AG
- Schneider Electric
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- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
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About Orion Market Research
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