LNG Infrastructure Security: A Surging Market

Homeland Security Market Research have released their latest report, focusing on the growing use of LNG.

There is a “perfect storm” brewing in the Homeland Security market – a combination of a large, growing market demand eclipsing the Aviation security market; high exposure to terrorist activities with a corresponding large risk of damage to life and the economy; and a growing gap between the accelerating infrastructure development and awareness by the Homeland Security vendors. This perfect storm has formed in the LNG infrastructure security market. The reasons behind it, the issues it raises and the opportunities it opens has been well researched and analyzed by HSRC professionals, categorized and presented by market segments including by geography and sub-market sector, and available in the new Global LNG (Liquefied Natural Gas) Infrastructure Security Market 2009-2014 report.

The growth of the LNG infrastructure security market results from the world’s demand for LNG. This demand is drastically increasing as LNG has the flexibility of supply to meet global energy demand in a time of rising energy prices. The next few years will therefore witness fast development of the global LNG infrastructure, with the number of LNG terminals nearly tripling and the frequency of LNG tanker shipments increasing dramatically. Consequently the LNG infrastructure security market is also forecasted to grow from $1.5 billion in 2008 to $4 billion in 2014 at a CAGR of 18%.

LNG infrastructure includes the ships and the port facilities where a number of ships may be moored. This provides a tempting target for terrorists with a large physical footprint. A LNG tanker, as shown by the HSRC analysts, if detonated would cause a blast similar in size and effectiveness of a tactical nuclear weapon. With 21 planned ports in or near US cities, the possible ramifications in loss of life and to the economy is troubling to even contemplate. Public demand for excellent security will be a given, driving the market size.

Given the above, it is interesting that one of the conclusions of the HSRC experts based on their observations and research, is that there is a current lack of interest in the LNG infrastructure security market by the homeland security vendor community. This translates to an open and growing business opportunity for providers of the following amongst other, homeland security products and services:

• Perimeter security
• Maritime security
• People screening, Biometrics and RFID
• IT & C3I systems
• Service and upgrade
• Guarding Services

Homeland Security Research