About Energy Security
Energy security is the protection of power plants and various sources of energy generation against cyber and physical assaults in order for the facilities to run efficiently. It provides access to reliable energy supplies, environmental protection, and energy corridor security. It contributes to economic progress by increasing access to modern energy services, therefore decreasing poverty and enhancing quality of life.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The key players are targeting the innovations of the Solutions with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Energy Security market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Thales Group (France), Siemens AG(Germany), ABB (Switzerland), Cassidian (Germany), Ericsson (Sweden), Honeywell International Inc. (United States), Safran (France), Raytheon (United States), BAE Systems (United Kingdom), Aegis Defense Services Ltd (United States), Symantec Corporation (United States), HCL (India), Acorn Energy Inc. (United States), Tofino (Canada), Teledyne Technologies (United States) and Schneider Electric (France) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Cisco Systems, Inc. (United States), Fortinet, Inc. (United States), Palo Alto Networks (United States), General Electric (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Energy Security market by , Application (Nuclear Energy, Oil and Gas, Thermal Energy and Renewable Energy {Hydro, Solar, Wind, Geothermal, Biomass}) and Region.
On the basis of geography, the market of Energy Security has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Thailand, Indonesia, Singapore, Vietnam, Malaysia, Philippines, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Spain, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Physical Security {Secure Communication will boost the Energy Security market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Upgradation of Network Security System Such as SCADA Security System, Firewalls, Antivirus and IDS/IPS System from Preventing Cyber Attack of the Power Plant
Market Growth Drivers:
Demand for Protecting the Power Plant from Physical as well as Cyber Attack for smooth functioning of the Powe Plant for Power Generation
Challenges:
Lack of Understanding Regarding Safety Implementation by Operators Can hamper the Energy Security Market
Restraints:
Unpredictability of Cyber Threats Expected to Hinder the Energy Security Market
Opportunities:
Implementation of Energy Security such as Surveillance, Perimeter Security, Secured Communication by Government Authorities and Power Plant Owner Will Grow the Energy Security Market
Market Leaders and their expansionary development strategies
In December 2023, SECURE ENERGY Services Inc., a leading waste management and energy infrastructure company, announced it has entered into a definitive agreement (the "Agreement") with Waste Connections Inc. ("Waste Connections") to sell the facilities formerly owned by Tervita Corporation.
In February 2023, The U.S. Department of Energy (DOE) released a Request for Information (RFI) seeking public and stakeholder input on the Department’s first ever agency-related Foundation. Authorized by President Biden’s bipartisan CHIPS and Science Act of 2022, the Foundation for Energy Security and Innovation (FESI) will support DOE to carry out its critical mission to ensure America's continued security and prosperity through transformative science and technology solutions.
“As per U.S Department of Energy thousands of electricity, oil, and natural gas assets are geographically distributed and connected through systems and networks in the energy sector. Interdependence within the sector and across the nation's vital infrastructure sectors is therefore essential. The nation's energy infrastructure supplies fuel, and the nation's transportation, communications, financial, and government infrastructures rely on it. Energy systems and networks beyond national boundaries, necessitating international cooperation as part of the Energy Sector's activities. .”
Key Target Audience
Energy Security Providers, Energy Security Association, Energy Security International Traders, Research and Development Institutes, Financial Institutes and Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.