Oil And Gas Security Market Size Analysis and Top Companies
The global oil and gas security market size is estimated to hit around USD 45.32 billion by 2033, increasing from USD 26.48 billion in 2023 with a CAGR of 5.52% from 2023 to 2033. The top companies operating in the oil and gas security are ABB Ltd., Cisco Systems Inc., Honeywell International Inc., Schneider Electric SE, Siemens AG, Waterfall Security Solutions Ltd., Parsons Corporation, P2 Energy Solutions, KBR, Inc., DuPont de Nemours, Inc., Huawei Technologies Co., Ltd., Shell Catalysts & Technology, Baker Hughes Company, Halliburton Company, Symantec Corporation, and Others.
Market Report Coverage
| Report Coverage |
Details |
| Market Size by 2033 |
USD 45.32 Billion |
| Market Size in 2023 |
USD 26.48 Billion |
| Market Growth Rate from 2024 to 2033 |
CAGR of 5.52% |
| Largest Market |
North America |
| Base Year |
2023 |
| Forecast Period |
2024 to 2033 |
| Segments Covered |
Component, End user, and Regions |
| Regions Covered |
North America, Europe, Asia-Pacific, Latin America and Middle East, & Africa |
Oil And Gas Security Key Players
- ABB Ltd.
- Cisco Systems Inc.
- Honeywell International Inc.
- Schneider Electric SE
- Siemens AG
- Waterfall Security Solutions Ltd.
- Parsons Corporation
- P2 Energy Solutions
- KBR, Inc.
- DuPont de Nemours, Inc.
- Huawei Technologies Co., Ltd.
- Shell Catalysts & Technology
- Baker Hughes Company
- Halliburton Company
- Symantec Corporation
Recent Developments
- In August 2024, SLB and Palo Alto Networks declared an expansion of their partnership aimed at improving cybersecurity within the energy sector. The partnership seeks to boost SLB's security infrastructure and develop innovative solutions to address emerging cyber threats.
- In July 2024, Accenture acquired True North Solutions, a U.S.-based provider of industrial engineering solutions, to improve its capabilities in helping clients in the oil, gas, and mining sectors produce and transport energy more safely and efficiently.
Latest Announcements by Market Leaders
- In November 2023, Honeywell International Inc. announced that it would increase its dividend from last year's comparable payment on the 6th of December to USD 1.13. The payment will take the dividend yield to 2.2%, which is in line with the average for the industry.
- In September 2024, China’s Huawei Showed the World its USD 2,800 ‘Trifold’ phone. The latest announcement from Apple’s China rival came just hours after the unveiling of the iPhone 16.
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