Companies operating in the Asia Pacific oil and gas industry are developing large-scale refinery expansion programmes, as well as investing heavily in infrastructural security upgrades, according to a new report from Frost & Sullivan.

According to the global analysis firm, the region's oil and gas infrastructure security market will reach $654.9 million (£401 million) in 2015, up from $415.2 million last year.

A fundamental shift will also occur as oil and gas firms move to network-based real-time security systems, the group said.

Balaji Srimoolanathan, programme manager for aerospace and defence for Frost & Sullivan, commented: "Companies should also continually offer innovative systems and add capability to existing product line. Providing compatible systems with modularity will allow customers to upgrade their systems with ease."

The latest report also includes a survey of the region's constructive virtual training and simulation market and European sea C2 markets.

Frost & Sullivan also carries out wider surveys of the global energy market including alternative sustainable technologies and power systems.

Education and Training event for Oil and Gas: Refining and Petrochemicals