Pipeline Safety Market worth $12.2 billion by 2025 – Exclusive Report by MarketsandMarkets™

August 18, 2023 ⚊ 1 Min read ⚊ Views 38 ⚊ NEWS

According to a new market research report “Pipeline Safety Market by Component (Solutions (Pipeline Monitoring System, Secure Communication, Perimeter Intrusion Detection, SCADA for Pipelines, and ICS Security) and Services), Application, Vertical, and Region – Global Forecast to 2025”, size is expected to grow from USD 7.9 billion in 2020 to USD 12.2 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 9.2% during the forecast period. Improved spending by most oil and gas companies for pipeline infrastructure, network monitoring, and leak detection and rise in the number of oil and gas leakage incidence/accidents driving the adoption of Pipeline Safety Market.

Read details: https://www.prnewswire.com/news-releases/pipeline-safety-market-worth-12-2-billion-by-2025--exclusive-report-by-marketsandmarkets-301164759.html

Tags: pipeline safety market

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