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).
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.
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