Global Energy Security Market, By Power Plants (Nuclear, Thermal and Hydro, Oil and Gas, Renewable Energy), Technologies (Physical Security, Network Security), Components (Solution, Service), Industry type (Energy & Power, IT & Telecommunication, and Others) – Industry Trends and Forecast to 2030.
Energy Security Market Analysis and Size
Energy security reduces the size and complexity of earlier systems. These systems can be built and maintained without the assistance of experts like consultants and systems analysts. Energy security initiatives are generally less expensive to implement than corporate initiatives. It also creates new avenues for communication with clients, suppliers, and business partners. When communication is two-way, ideas and information can be shared. Physical and Network security technologies allow businesses to create more significant brand equity with their customers by asking for pictures or videos of customers using products in distinctive ways. Additionally, it makes sharing information about team projects with team members easier.
Data Bridge Market Research analyses that the energy security market, valued at USD 16.82 billion in 2022, will reach USD 30.67 billion by 2030, growing at a CAGR of 7.8% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Energy Security Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Power Plants (Nuclear, Thermal and Hydro, Oil and Gas, Renewable Energy), Technologies (Physical Security, Network Security), Components (Solution, Service), Industry type (Energy & Power, IT & Telecommunication, and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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ABB (Switzerland), BAE Systems (U.K.), Elbit Systems Ltd. (Israel), Telefonaktiebolaget LM Ericsson (Sweden), Teledyne FLIR LLC (U.S.), Honeywell International Inc. (U.S.), Hexagon AB (Sweden), Lockheed Martin Corporation (U.S.), Northrop Grumman (U.S.), Raytheon Technologies Corporation (U.S.), Safran (France), Siemens Energy (Germany), Thales (France), AEGIS Security & Investigations (U.S.), Broadcom (U.S.), QinetiQ (U.K.), Telefonaktiebolaget LM Ericsson (Sweden), Acorn Energy, Inc (U.S.), AREVA S.A. (France)
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Market Opportunities
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Market Definition
For power plants to operate efficiently for electricity generation, it is essential to protect them from physical and cyber-attacks; this is what energy security means. The quick adoption of renewable energy has increased energy efficiency. Diversifying energy sources, energy storage options, and the types of energy machines can positively impact economic growth and energy security. It provides security for energy corridors, access to dependable energy resources, and environmental protection. It is a tool for promoting economic expansion, which lowers poverty and raises living standards by increasing access to current energy services.
Energy Security Market Dynamics
Drivers
- Growing government concerns and security compliance and regulation
Increased government pressure, security compliance requirements, and regulation lead to innovation that combines scripting, knowledge, and execution. A combination of technical skills has also significantly improved back-office tasks. Additionally, several government agencies, as well as the owners of power plants, are putting into place network and physical solutions such as detectors, perimeters, microwave intrusion detection, secure communications, surveillance systems, and access control systems. For instance, the United States and the European Commission are committed to reducing Europe's reliance on Russian energy and accelerating the world's transition to clean energy. Furthermore, over the next seven years, it is anticipated that adopting network systems such as antivirus, firewall, SCADA, and IPS/IDS to prevent cybercriminals from attacking the network power plant network will accelerate the growth of the energy security industry and propel the market.
- Energy security and economic growth based on complex computer system dynamic model creates demand for energy security
System dynamics is a field that focuses on understanding complex systems and contextually analyzing dynamic system behavior. Numerous studies have applied the dynamic system method to simulate or address scenarios in socioeconomic dynamics, corporate planning, business systems, and policy design, urban dynamics, and problem-solving in cities, as well as agricultural and ecological systems. The need for many nations to guarantee their energy independence has grown. Energy must always be available to ensure smooth social and economical operations. The need for power will increase along with the growth of the global population and economy. It's essential to address additional energy threats. New laws are being enacted by governments all over the world to improve the energy security of their countries.
Opportunities
- The increase in threats from terrorist and cyber-attacks create an energy security market need
Cutting-edge technologies are predicted as a new market expansion for the sector. Energy security is one of the most significant and quickly developing security technologies today because it offers cloud service visibility, data security, threat protection, and compliance, which are all becoming increasingly important because of growing cyber threats and market competition in modern business enterprises. Energy security can efficiently and effectively mitigate the top cloud security threats. For instance, ABB introduced a cyber-security solution in 2022 to streamline and enhance the defense of industrial infrastructure. Energy security can allow IT teams to handle suspected violations to their local networks for further investigation when sensitive content is found in or on its way to the cloud. These elements are fuelling the market for energy security's expansion.
Restraints/Challenges
- The unpredictability of crimes can restrict the market from growth
Stating that energy security mainly looks toward security factors, IT technologies can be restricted by uncontrollable external factors. Considering that advancement in technology brings rise in crimes, too, it is anticipated that the industry's growth will be hampered by operators' lack of concern about safety implementation and the unpredictability of cyber threats as terrorist and cyberattack threats are on the rise.
This energy security market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the energy security market contact Data Bridge Market Research for an analyst brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Energy Security Market Scope
The energy security market is segmented on the basis of power plants, technologies and components. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Power Plants
- Nuclear
- Microwave Intrusion Detection
- Perimeter Fencing and IR Fields
- Transportation Security
- Detector and Access Control
- Thermal and Hydro
- Oil and Gas
- Renewable Energy
Technologies
- Physical Security
- Video Surveillance and CCTV
- Air and Air Ground Surveillance
- Fire Detection and Alarm system
- Over and under water surveillance
- Fire Detection and Alarm System
- Personnel Tracking and RFID
- Identifying and Access Management
- Perimeter Fencing
- Pipeline management system
- X-Ray scanning and Screening
- CBRNE/ Hazmat
- Secure Communication
- Bio-metrics and card reader
- Network Security
- DDOS
- Firewall
- IDS/IPS
- UTM
- Security information and Event Management (SIEM)
- Disaster Recovery
- Antivirus/ Malware
- Incident Management
- SCADA
Component
- Solution
- Service
- Service Type
- Professional Services
- Managed Services
- Risk Management Services
- Integration
- Consulting
Industry type
- Energy & Power
- IT & Telecommunication
- Others
Energy Security Market Regional Analysis/Insights
The energy security market is analysed and market size insights and trends are provided by country, power plants, technologies, components and industry type as referenced above.
The countries covered in the energy security market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
North America dominates the market and will continue to flourish its trend of dominance during the forecast period. The major factor attributable to the region’s dominance is increasing adoption of these solutions by industries.
Asia-Pacific will undergo the highest growth rate during the forecast period owing to the increasing population, advancing society and government initiatives in this region. The rising energy demand in developing nations like China and India is blamed for the region's expansion. Additionally, escalating geopolitical tensions between nations will probably increase the emphasis on creating home-grown energy sources in order to lessen reliance on imports from other regions.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Energy Security Market Share Analysis
The energy security market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to energy security market.
Some of the major players operating in the energy security market are:
- ABB (Switzerland)
- BAE Systems. (U.K.)
- Elbit Systems Ltd. (Israel)
- Telefonaktiebolaget LM Ericsson (Sweden)
- Teledyne FLIR LLC (U.S.)
- Honeywell International Inc. (U.S.)
- Hexagon AB (Sweden )
- Lockheed Martin Corporation (U.S.)
- Northrop Grumman (U.S.)
- Raytheon Technologies Corporation (U.S.)
- Safran (France)
- Siemens Energy (Germany)
- Thales (France)
- Springer Nature (Germany)
- AEGIS Security & Investigations (U.S.)
- Broadcom (U.S.)
- QinetiQ Group (U.K.)
- Acorn Energy, Inc (U.S.)
- AREVA S.A. (France)
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