The importance of pipeline safety is becoming such a focal point in the oil and gas industry that recent reports indicate significant growth is anticipated for related markets. According to MarketsandMarkets' "Pipeline Safety Market – Global Advancements, Forecasts & Analysis (2013 – 2018)," the market is expected to expand by 9.1 percent CAGR through 2018.
While oil and gas demand increases, governments and private companies across the globe are focusing on less expensive forms of transporting crude oil and natural gas. Pipelines provide a valuable resource for easy movement of these products, but security and safety remain primary concerns. This is why investments into security platforms and pipeline safety training are expected to increase from an estimated $4.35 billion in 2013 to $6.73 billion in 2018.
Natural gas pipelines are anticipated to remain the largest segment of this growth, with North America being the largest market for pipeline safety focus. Efforts will include everything from security against cyberthreats to advanced leak detection technology investments, but firms increasing their pipeline infrastructure also need to focus on physical operations and construction safety.
Accident prevention in particular will play a key role in the future of the pipeline industry, and can be best addressed through increased behavior based safety planning. Companies that invest in high-quality OQ pipeline training and safety management services will be able to drive progress with their construction while reducing risk to workers and the communities nearby.
With increased concern over rail-transportation of crude oil, continued improvement of pipeline operations needs to be a focus for the industry as a whole, and can benefit both oil and gas providers and the consumers benefiting from the nation's drilling efforts.