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Global Energy Security Market (By Power Plants, Technologies, Professional Services) Worth $67.90 Billion by 2018 – New Report by Marketsandmarkets
Date:8/26/2013

tacks and cyber attacks, lack in comprehensive solution for energy security and physical attacks and insider threats. Companies providing physical security solution and network and cyber security solutions are looking forward to gain a better competitive advantage in this growing market, thereby creating sophisticated security solutions and intelligent and integrated security management platforms for the energy and power plants.

MarketsandMarkets expects that the global energy security market is estimated to be $49.27 billion in 2013 and is expected to grow to $67.90 billion in 2018. This represents an estimated Compound Annual Growth Rate (CAGR) of 6.6% from 2013 to 2018. . In the current scenario, the oil and gas energy security continue to be the largest segment, in terms of spending and adoption, for energy security solutions. This is followed by nuclear energy security. In terms of regions, North America is expected to be the biggest market on the basis spending and adoption for energy security solutions. MarketsandMarkets further expects that the increasing energy markets in the developing economies and increased extraction and distribution infrastructure will further enhance the growth of the market.

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