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Middle East and Africa Oil and Gas Pipeline Security Market

2024-12-1200

MEA Pipeline Security Market Analysis

The MEA Pipeline Security Market size is estimated at USD 2.30 billion in 2025, and is expected to reach USD 3.64 billion by 2030, at a CAGR of 9.61% during the forecast period (2025-2030).

Increasing demand for monitoring, regulating, and leak detection systems fluid dynamics and worries about pipeline safety in the chemical and power generation industries due to strict government regulations are driving the market growth in the region. Most oil and gas companies spend more than planned updating the existing pipeline infrastructure.

MEA Pipeline Security Market Trends

Pipelines to Transport Crude Oil to Drive the Demand

Saudi Arabia to Hold Significant Market Share

MEA Pipeline Security Industry Overview

The Middle East and Africa Pipeline Security Market is moderately competitive. But as oil corporations and the government spend more on technology, more vendors are entering the market, which is projected to boost market competition throughout the forecast period. ABB Ltd., Honeywell International Inc., Siemens AG, and Huawei Technologies Co. Ltd. are a few major companies active in the sector.

In April 2023, General Electric Co. announced that Baker Hughes' acquisition of Nexus Controls by its Gas Power division was completed. With the addition of this industry-leading aftermarket control system upgrade and field service capability, GE Gas Power, a division of GE Vernova, will establish a single, full-service controls business line in charge of advancing the Mark Vle controls systems platform, putting the OnCore system into use, as well as streamlining and enhancing the delivery and service of its controls offerings to clients.

In March 2023, SightLogix introduced SightTracker smart camera with Edge AI that automatically zooms and follows outdoor intruders with fast, on-target responsiveness. SightTracker PTZ works with SightSensor thermal detection cameras, staying locked onto intruders as they move throughout the site, even beyond the field of view of the detecting camera.

MEA Pipeline Security Market Leaders

  1. GE Grid Solutions SPA

  2. ABB Ltd.

  3. Optasens Ltd.

  4. Honeywell International Inc.

  5. Siemens AG

  6. *Disclaimer: Major Players sorted in no particular order

MEA Pipeline Security Market News

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