Utilities Security

Global Utilities Security Market to Reach US$30.7 Billion by 2030

The global market for Utilities Security estimated at US$11.5 Billion in the year 2024, is expected to reach US$30.7 Billion by 2030, growing at a CAGR of 17.7% over the analysis period 2024-2030. Physical Security, one of the segments analyzed in the report, is expected to record a 14.9% CAGR and reach US$17.8 Billion by the end of the analysis period. Growth in the Cyber Security segment is estimated at 22.6% CAGR over the analysis period.

The U.S. Market is Estimated at US$3.2 Billion While China is Forecast to Grow at 16.7% CAGR

The Utilities Security market in the U.S. is estimated at US$3.2 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.6 Billion by the year 2030 trailing a CAGR of 16.7% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 15.3% and 15.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 12.8% CAGR.

Global Utilities Security Market - Key Trends & Drivers Summarized

Why Is Security in the Utilities Sector So Crucial?

Security in the utilities sector is of paramount importance, given the critical role that utilities play in ensuring the continuous supply of essential services such as electricity, water, and natural gas. The increasing complexity of utility infrastructure, coupled with the growing threat of cyberattacks, makes the need for robust security measures more urgent than ever. Utilities are not only responsible for the physical security of their assets, such as power plants and water treatment facilities, but also for safeguarding the cyber infrastructure that controls these systems. A successful attack on utility infrastructure can lead to widespread disruption, economic losses, and threats to public safety. As a result, utilities must implement comprehensive security strategies that address both physical and cyber threats, ensuring the reliability and safety of their services.

How Is Technology Enhancing Security in the Utilities Sector?

Technological advancements are playing a critical role in enhancing security across the utilities sector. The integration of advanced surveillance systems, biometric access controls, and perimeter intrusion detection systems (PIDS) are improving physical security at utility facilities. Meanwhile, the adoption of cutting-edge cybersecurity measures, such as intrusion detection systems (IDS), firewalls, and encryption technologies, is helping to protect the digital infrastructure of utilities from increasingly sophisticated cyber threats. The rise of the Industrial Internet of Things (IIoT) has introduced new vulnerabilities, but it has also enabled utilities to deploy smart sensors and monitoring systems that provide real-time data on potential security breaches. Additionally, the use of artificial intelligence (AI) and machine learning (ML) in threat detection and response is becoming more prevalent, allowing utilities to predict and mitigate security risks before they can cause significant harm.

Why Are Utilities Embracing Comprehensive Security Solutions?

Utilities are increasingly adopting comprehensive security solutions to address the wide range of threats they face. The growing recognition of the interconnectedness of physical and cyber security has led to a more integrated approach, where utilities implement unified security strategies that encompass both domains. The regulatory environment is also driving the adoption of advanced security measures, with governments and industry bodies imposing stricter security requirements on utilities to protect critical infrastructure. In addition, the financial and reputational risks associated with security breaches are compelling utilities to invest in more robust security solutions. The increasing digitization of utility operations, including the deployment of smart grids and automated systems, has expanded the attack surface for cyber threats, making it essential for utilities to adopt comprehensive security frameworks that can protect both their physical and digital assets.

What Factors Are Driving the Growth in the Utilities Security Market?

The growth in the Utilities Security market is driven by several factors, including the rising threat of cyberattacks, the increasing adoption of advanced security technologies, and the growing regulatory pressure to protect critical infrastructure. The expansion of smart grid technologies and the integration of IIoT devices into utility operations are creating new security challenges, driving the demand for more sophisticated cybersecurity solutions. Additionally, the growing awareness of the risks posed by both physical and cyber threats is prompting utilities to invest in integrated security systems that can provide comprehensive protection. The introduction of stricter regulations and standards for critical infrastructure security is also pushing utilities to enhance their security measures, leading to increased spending on security technologies and services. Furthermore, the increasing complexity of utility infrastructure and the need for real-time monitoring and threat detection are driving the adoption of AI and ML-based security solutions, further fueling the growth of the market.

SCOPE OF STUDY:

The report analyzes the Utilities Security market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product Type (Physical Security, Cyber Security); Application (Oil & Gas, Electricity, Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 42 Featured) -

• Alien Vault, Inc.
• Anixter International, Inc.
• Axis Communications AB
• Bosch Sicherheitssysteme GmbH
• Cisco Systems, Inc.
• Computer Science Corporation
• G4S PLC
• General Dynamics Corporation
• General Electric Company
• Honeywell Security Group
• Johnson Controls International PLC
• Northrop Grumman Corporation
• Qognify
• Siemens AG
• Symantec Corporation

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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