Energy Security Systems Market for Power Plants: Far-reaching Impact of Attacks on Energy Infrastructure to Stimulate Investments

The need to safeguard energy storage and supply systems, because of their criticality, has become the prime driver for the global energy security market, says Transparency Market Research in a new report. As the energy infrastructure across the world grows, so will investments in energy security technologies and equipment at power plants. TMR’s report, titled “Energy Security Market (Power Plants) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 – 2019” provides a complete study of where the most valuable growth opportunities in this market lie.

The International Energy Agency (IEA) has termed the energy market as being highly susceptible to disruptions resulting from natural calamities to terror attacks to civil or cross-border strife. Moreover, the growing threat of cyber-attacks on the systems and software that run power plants is also prompting higher investments in energy security for power plants. This combination of both physical and virtual factors is projected to cause the demand for energy security systems and equipment to soar. The report studies both micro and macro factors that will, in the long and short term, cause changes to the consumer and competitive landscape of the energy security market for power plants.

According to the TMR report, governments and organizations regarding energy security as a strategic asset will necessitate the development of failsafe and breach-proof energy security at power plants. Providing solutions that meet the most exacting requirements thus becomes a challenge – one that can only be successfully met by organizations with a high degree of resources and expertise. This means that new firms in the energy security market for power plants often struggle to compete with the established ones. Although entry into developed markets is difficult, emerging markets are providing a comparatively more level playing ground to players of all size.

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On the basis of the type of technology employed in the energy security market for power plants, the market has been split into the following segments: Video and CCTV surveillance, biometric and card readers, microwave intrusion detection, transport security, RFID tracking and personal tracking, fire detection systems, and alarm systems. These technologies are employed in countering insider threat, data breach, external physical attacks and cyber-attacks, and other kinds of threats.

While the market mainly comprises of established companies that have been operating in this space for a long time, new entrants are being seen in the Asia Pacific, the Americas, and the Middle East. Some of the leading players that currently rake in a sizeable share of revenue in theglobal energy security market for power plants are: HCL, Symantec Corporation, Anixter, Tofino Security, McAfee, and Acorn Energy Inc.