DUBLIN, Nov. 10, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/4q89rx/oil_and_gas) has announced the addition of the "Oil and Gas Pipeline Safety Market 2015-2019" report to their offering.
The global oil and gas pipeline safety market to grow at a CAGR of 7.17% in terms of revenue over the period 2014-2019.
Global Oil and Gas Pipeline Safety Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report includes a discussion of the key vendors operating in this market. The report includes the present scenario and the growth prospects of the global oil and gas pipeline safety market for the period 2015-2019. The market is segmented on the basis of product and geography.
Major companies are providing various solutions and consultation for the security of oil and gas pipeline infrastructure. These companies protect the infrastructure from various threats such as terrorists attack, cyber threats, transportation attacks, etc. They provide solutions for big and small pipeline infrastructure and they plan their solutions after assessing the risk level. The oil and gas pipeline companies are benefiting from these service providers as they provide customized solutions as per the requirement of the company and also in accordance with the protection required.
According to the report, governments throughout the world are implementing strict regulations in the oil and gas industry. Adhering to these regulations is increasingly becoming mandatory for the oil and gas companies. In order to meet the industry standards and ensure compliance with the industry regulations, oil and gas pipeline companies are adopting safety devices and management systems. This definitely acts as one of the major drivers as it enables the oil and gas pipeline companies to implement safety measures.
Further, the report states that the high cost of implementation is one of the key challenges faced by the global oil and gas pipeline safety market.
Key vendors
- ABB
- Alstom
- Cisco Systems
- GE Digital Energy
- Honeywell International
- Schneider Electric
Other prominent vendors
- BAE Systems
- Ekin Technology
- HCL Technologies
- Siemens
- Waterfall Security Solutions
For more information visit http://www.researchandmarkets.com/research/4q89rx/oil_and_gas
Media Contact:
Laura Wood, +353-1-481-1716, press@researchandmarkets.net
