Europe Pipeline Security Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 3.47 Billion |
| Market Size (2029) | USD 5.23 Billion |
| CAGR (2024 - 2029) | 8.56 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Pipeline Security Market Analysis
The Europe Pipeline Security Market size is estimated at USD 3.47 billion in 2024, and is expected to reach USD 5.23 billion by 2029, growing at a CAGR of 8.56% during the forecast period (2024-2029).
- Pipeline systems have evolved to become the primary solution for commercial activities. The market for pipeline security has been boosted by the demand for sustainable use of resources and the rising frequency of breaches and theft of small quantities of the product being transported.
- The pipeline system has been used since the 18th century for commercial activities. The pipelines are considered the safest, most reliable, and most efficient means of transporting large quantities of natural gas, crude oil, chemicals, and water across nations. Pipeline installations are critical infrastructure of high importance and value, and a threat to it can significantly affect meeting people's and organizations' needs and harm the environment.
- The pipeline installed for transporting commodities is estimated to span 3.5 million kilometers across 120 countries. Natural gas and crude oil pipelines are expected to be the most vulnerable to attacks. Hence, the oil and gas corporation's increased spending to install robust security infrastructure to ensure the security of the pipelines has been the primary reason for the market's growth.
- Demand for natural gas is anticipated to increase faster than the current demand for coal or oil. The increasing natural gas usage is increasing the demand for pipeline security.
- Additionally, the robust state-sponsored cyber-espionage campaigns are the most affected by the oil and gas sector, which can also affect the physical infrastructure. These vulnerabilities have pushed the industry players to divert significant funds for security.
- However, the high deployment and maintenance cost is incorporated with the pipeline security systems as the facility is diverse and scattered. This factor is restricting companies from pipeline security system adoption.
Europe Pipeline Security Market Trends
SCADA Segment to Hold a Significant Share
- Supervisory Control and Data Acquisition (SCADA) software have experienced rapid growth over the past decade. SCADA system helps the end-user industry employees to analyze the data and make crucial decisions from a remote location.
- It further assists in mitigating the issues with a quick response as it processes, distributes, and displays the data on Human Machine Interface (HMI). Pipeline SCADA systems immediately detect hazards and leaks and effectively alarm security forces or maintenance crews.
- It offers a unique solution for the detection of on and underground activities. The applications are specifically used for the detection of digging and leakage.
- The UK alone has about 20,000 kilometers of pipelines for transporting petroleum products. SCADA systems are employed to monitor and control this massive oil pipeline network. The oil pipeline SCADA has several hundred RTUs (remote terminal units) connected to field instruments that measure pressure, temperature, and rate of flow of the oil flowing through the pipes and change the statuses of valves and pumps along the pipeline.
- According to EIA, the energy demand is expected to reach 681 quadrillions of BTU by 2040. The increasing demand for natural gas production and supply globally to reduce carbon emission demands pipeline security systems.
Increasing investments in oil and gas is driving the market
- The increasing investments in oil and gas significantly contribute to the region's pipeline security market growth. The European Union (EU) is highly dependent on external natural gas supplies and has experienced severe gas cuts in the past, mainly driven by the high-pressure natural gas system's technical complexity and political instability in some of the supplier countries.
- Declining indigenous natural gas production and growing demand for gas in the EU has encouraged investments in cross-border transmission capacity to increase resource-sharing between the member states, particularly in the aftermath of the Russia-Ukraine gas crisis.
- Amidst the growing need to cut operating costs, companies operating through the pipeline in the region seek help from AI to automate functions, predict equipment problems, and increase the output of oil and gas.
- At present, European countries are among the primary consumers of Azerbaijani oil. Italy is Azerbaijan's leading trading partner selling this oil on world markets. In the autumn of this year, Europe will also start consuming Azerbaijani gas.
- For this purpose, a 3,500-kilometer-long Southern Gas Corridor pipeline is being built and is nearing completion. Its last ring, the Trans-Adriatic Pipeline to the Adriatic Sea's Italian shores, is 97 percent completed. TAP is the Southern Gas Corridor's European section, enhancing Europe's energy security and contributing to decarbonization and gas supply diversification.
Europe Pipeline Security Industry Overview
Europe's Pipeline Security market trend is moderately towards consolidation as a significant market share 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 and customization to suit the end-users' needs. Some prominent vendors in the market include Honeywell International, General Electric Company, ABB Ltd., etc.
In December 2022, ABB launched the Sensi+ analyzer, offering a reliable solution that simplifies and decreases the cost of pipeline operation and maintenance. The solution was expected to enable safer, easier, and more efficient pipeline monitoring and operations through a single device that can analyze up to three contaminants (H2S, H2O, CO2) in any natural gas stream accurately and in real time.
In October 2022 - Blackline Safety Corp launched the all-new G6 personal gas detector, a connected wearable that delivers quick incident reaction time and a more effective approach to managing safety and compliance, to transform single-gas detection.
Europe Pipeline Security Market Leaders
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Honeywell International Inc.
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General Electric Company
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ABB Ltd.
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Rockwell Automation, Inc.
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Siemens AG
*Disclaimer: Major Players sorted in no particular order
Europe Pipeline Security Market News
- November 2022: To seamlessly integrate the Ambient.ai Platform and Axis Network Cameras, announced a partnership with Axis Communication, a leading supplier of solutions enhancing security and business performance.
- March 2022: Gas Sensing Solutions announced the launch of a new line of methane gas sensors on the market. The methane gas sensors offer unmatched precision and low power consumption with ultra-bright LEDs and internal architecture for which a patent application has been filed.
Europe Pipeline Security market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Increased Spending of Oil and Gas Companies
- 4.2.2 Growing Worldwide Demand for Natural Gas
- 4.2.3 Increasing Requirement of SCADA System
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4.3 Market Restraints
- 4.3.1 Scattered Facilities
- 4.3.2 High Implementation and Maintenance Costs
- 4.4 Industry Value Chain Analysis
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4.5 Industry Attractiveness - Porter's Five Forces Analysis
- 4.5.1 Bargaining Power of Buyers
- 4.5.2 Bargaining Power of Suppliers
- 4.5.3 Threat of New Entrants
- 4.5.4 Threat of Substitute Products
- 4.5.5 Intensity of Competitive Rivalry
- 4.6 Assessment of the impact of COVID-19 on the industry
5. MARKET SEGMENTATION
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5.1 By Product
- 5.1.1 Natural Gas
- 5.1.2 Crude Oil
- 5.1.3 Hazardous liquid pipelines/ Chemicals
- 5.1.4 Other Products
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5.2 By Technology and Solution
- 5.2.1 SCADA System
- 5.2.2 Perimeter Security/Intruder Detection System
- 5.2.3 Industrial Control Systems Security
- 5.2.4 Video Surveillance and GIS Mapping
- 5.2.5 Pipeline Monitoring
- 5.2.6 Other Technology and Solutions
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5.3 By Country
- 5.3.1 Germany
- 5.3.2 United Kingdom
- 5.3.3 France
- 5.3.4 Russia
- 5.3.5 Spain
- 5.3.6 Rest of the Europe
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles*
- 6.1.1 Honeywell International Inc.
- 6.1.2 General Electric Company
- 6.1.3 ABB Ltd.
- 6.1.4 Rockwell Automation, Inc.
- 6.1.5 Siemens AG
- 6.1.6 Schneider Electric S.E.
- 6.1.7 Optasense Ltd.
- 6.1.8 Senstar Corporation
- 6.1.9 Huawei Technologies USA, Inc.
- 6.1.10 ESRI Inc.
- 6.1.11 Thales SA
7. INVESTMENT ANALYSIS
8. FUTURE OF THE MARKET
Europe Pipeline Security Industry Segmentation
Pipeline Security Systems protect pipelines transferring gas, oil, or other essential liquid products.
The European Pipeline Security Market is segmented by Product (Natural Gas, Crude Oil, Hazardous liquid pipelines/Chemicals, Other Products), Technology, and Solution (SCADA Systems, Perimeter Security/Intruder Detection Systems, Industrial Control Systems Security, Video Surveillance & GIS Mapping, Pipeline Monitoring, Other Technology, and Solutions) and Country (Germany, United Kingdom, France, Russia, Spain, Rest of Europe). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Product | Natural Gas |
| Crude Oil | |
| Hazardous liquid pipelines/ Chemicals | |
| Other Products | |
| By Technology and Solution | SCADA System |
| Perimeter Security/Intruder Detection System | |
| Industrial Control Systems Security | |
| Video Surveillance and GIS Mapping | |
| Pipeline Monitoring | |
| Other Technology and Solutions | |
| By Country | Germany |
| United Kingdom | |
| France | |
| Russia | |
| Spain | |
| Rest of the Europe |
Europe Pipeline Security market Research FAQs
How big is the Europe Pipeline Security Market?
The Europe Pipeline Security Market size is expected to reach USD 3.47 billion in 2024 and grow at a CAGR of 8.56% to reach USD 5.23 billion by 2029.
What is the current Europe Pipeline Security Market size?
In 2024, the Europe Pipeline Security Market size is expected to reach USD 3.47 billion.
Who are the key players in Europe Pipeline Security Market?
Honeywell International Inc., General Electric Company, ABB Ltd., Rockwell Automation, Inc. and Siemens AG are the major companies operating in the Europe Pipeline Security Market.
What years does this Europe Pipeline Security Market cover, and what was the market size in 2023?
In 2023, the Europe Pipeline Security Market size was estimated at USD 3.20 billion. The report covers the Europe Pipeline Security Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Pipeline Security Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Pipeline Security Industry Report
Statistics for the 2024 Europe Pipeline Security market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Pipeline Security analysis includes a market forecast outlook to for 2024 to 2029) and historical overview. Get a sample of this industry analysis as a free report PDF download.
