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.
Browse the full report description of “Pipeline Security System Market Size, Share & Trends Analysis Report by Product (Natural Gas, Crude Oil, and Hazardous Liquid Pipelines/ Chemicals), by Solution (SCADA System, Perimeter Security/ Intruder Detection System, Industrial Control Systems Security, Video Surveillance & GIS Mapping, and Pipeline Monitoring) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/pipeline-security-system-market
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
Global Pipeline Security System Market Report Segment
By Product
By Solution
Global Pipeline Security System Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• The Middle East & Africa
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