Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on the energy security market provides an in-depth analysis
of segments and sub-segments in the global as well as regional energy security
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional energy security market over the short
term as well as long term. The report is a comprehensive presentation of
trends, forecast and dollar values of the global energy security market. According
to the report, the global energy security market is projected to grow at a CAGR
of 6.70% over the forecast period of 2021-2027.
The energy security market was
valued at USD 81.7 billion in 2021 and is anticipated to reach USD 120.51
billion in 2027, growing with a CAGR of 6.70% during the projection period.
Energy security is defined as the connotation between national security and
availability of natural resources for consumption of energy owing to the
necessity of access to comparatively cheap energy sources for the functioning
modern economies. Furthermore, energy security solutions are primarily utilized
in the power plant sector for microwave intrusion detection, secured
communication, surveillance systems in order to address the disturbances by
natural disasters and geopolitical strife. Moreover, energy network security
systems such as antivirus, firewall, security information, and event management
(SIEM) aid to prevent cyber threats or terrorist attacks in the power plant
networks.
The energy security market is
inclining towards a quantum transformation because of circumstances such as
increasing energy requirements in the developing marketplaces adjacent to
enhanced administration and uprooting power foundations. Some of the other
factors pouring the market growth are as follows, enhanced administration stress
and safety acquiescence and ordinances, additional threats from cyber-attacks
and terrorists, and physical intrusions and insider perils. However, the
shortage of judgment concerning defense implementation by supervisors will act
as a limitation for the market growth. On the other hand, the emergence of
innovative power exchanges in strengthening economies and expanded pipeline
establishment will act as the opportunity for market growth.
Among the geographies, the North
American region is expected to hold the largest share in the global energy
security market owing to the presence of numerous key players in the region.
Further, the region is also projected to account for the largest share in the
global energy security market due to the increasing adoption of these
solutions, which are anticipated to bolster energy security demand over the
projection period. However, the Asia Pacific region is expected to grow with a
substantial CAGR in the energy security market during the forecast period. The
Asia Pacific regional share is escalating together with the increasing
population and government initiatives in this region.
The report on global energy
security market covers segments such as power plant, technology, professional
services, and industry vertical. On the basis of power plant, the sub-markets
include nuclear, thermal & hydro, oil & gas, and renewable energy. On
the basis of technology, the sub-markets include physical security, and network
security. On the basis of professional services, the sub-markets include
managed services, risk management services, integration, and consulting. On the
basis of industry vertical, the sub-markets include energy & power, it
& telecommunication, and others.
The report provides profiles of
the companies in the market such as ABB, Aegis Security & Investigations,
BAE Systems, Cassidian, Elbit Systems Ltd., Telefonaktiebolaget LM Ericsson,
FLIR Systems, Inc., Honeywell International Inc., Hexagon, and Lockheed Martin
Corporation.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the energy security market. Moreover, the study highlights current
market trends and provides forecast from 2021-2027. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.
Please Choose One of them.