The report, now available on ASDReports recognizes the following companies as the key players in the Global Oil and Gas Pipeline Safety Market: ABB, Alstom, GE Digital Energy, Schneider Electric, Cisco Systems and Honeywell International
Other Prominent Vendors in the market are: BAE Systems, Siemens, Waterfall Security Solutions, HCL Technologies, and Ekin Technology.
Commenting on the report, an analyst said: “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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Read more on ASDReports!
Source: ASDReports - Market Research
Date: Nov 2, 2015