North America Oil And Gas Security Market Size & Outlook
North America oil and gas security market highlights
- The North America oil and gas security market generated a revenue of USD 8,943.3 million in 2023.
- The market is expected to grow at a CAGR of 5.7% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Hardware is the most lucrative component segment registering the fastest growth during the forecast period.
North America data book summary
| Market revenue in 2023 | USD 8,943.3 million |
| Market revenue in 2030 | USD 13,163.0 million |
| Growth rate | 5.7% (CAGR from 2024 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Hardware |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware |
| Key market players worldwide | Symantec, Halliburton Co, Baker Hughes Co Class A, Shell PLC, Huawei Technologies, DuPont de Nemours Inc, KBR Inc, Parsons Corporation, Waterfall Security Solutions, Siemens AG, Schneider Electric SE, Honeywell International Inc, Cisco Systems Inc, ABB Ltd |
Other key industry trends
- In terms of revenue, North America region accounted for 33.9% of the global oil and gas security market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 6,322.8 million by 2030.
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Oil And Gas Security Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Waterfall Security Solutions | View profile | 101-250 | Rosh Ha'ayin, HaMerkaz, Israel, Asia | http://waterfall-security.com/ |
| Parsons Corporation | View profile | 10001+ | Pasadena, California, United States, North America | http://www.parsons.com |
| Symantec | View profile | 10001+ | Mountain View, California, United States, North America | http://www.broadcom.com |
| KBR Inc | View profile | 34000 | 601 Jefferson Street, Suite 3400, Houston, TX, United States, 77002 | https://www.kbr.com |
| Halliburton Co | View profile | 49000 | 3000 North Sam Houston Parkway East, Houston, TX, United States, 77032 | https://www.halliburton.com |
| Huawei Technologies | View profile | 10001+ | Shenzhen, Guangdong, China, Asia | http://huawei.com |
| Shell PLC | View profile | 100000 | Shell Centre, London, United Kingdom, SE1 7NA | https://www.shell.com |
| DuPont de Nemours Inc | View profile | 24000 | 974 Centre Road, Building 730, Wilmington, DE, United States, 19805 | https://www.dupont.com |
| Cisco Systems Inc | View profile | 84900 | 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 | https://www.cisco.com |
| Baker Hughes Co Class A | View profile | 58000 | 575 North Dairy Ashford Road, Suite 100, Houston, TX, United States, 77079-1121 | https://www.bakerhughes.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
North America oil and gas security market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to oil and gas security market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the North America oil and gas security market based on hardware covering the revenue growth of each sub-segment from 2018 to 2030.
North America dominated the market and accounted for the largest revenue share of over 33.0% in 2023. The region has a large and well-established oil and gas industry, with significant infrastructure and assets that require protection.
The U.S., in particular, has become one of the world's largest oil producers in recent years due to the shale oil boom. This increased production has led to a greater need for security measures to safeguard critical infrastructure, including drilling sites, refineries, pipelines, and storage facilities.
For example, the Colonial Pipeline cyberattack in 2021 highlighted the Oil and Gas Companies Pipeline Operators Drilling Contractors Energy Infrastructure Providers Third-party Security Providers vulnerability of oil and gas infrastructure to digital threats and emphasized the need for robust cybersecurity measures.
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Our clientele includes a mix of oil and gas security market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America oil and gas security market , including forecasts for subscribers. This continent databook contains high-level insights into North America oil and gas security market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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