While most critical infrastructure sites are target applications for electronic perimeter security, electrical utilities and oil refineries are projected to have the most growth opportunity, according to research firm IHS Inc.
The global market size for electronic perimeter security sensors and video in electrical utilities and oil refineries is forecast to top $160 million in 2014, the research firm reports.
Electrical utilities have experienced strong growth despite the economic slowdown in 2011 and 2012. Part of this growth is resulting from the trend to use remote video and networked sensors in order to configure and maintain sensors from remote locations, says Blake Kozak, senior analyst for access control, fire and security at IHS.