Leak Detection Market | Covid-19 Impact Analysis

Leak Detection Market Insights

Leak Detection market for oil & gas is projected to witness an impressive CAGR of 7.2% during the forecast period. The key demand generators of the market are increasing incidents of leakages in the oil and gas pipelines, stringent regulations regarding implementation of leak detection systems, and organic growth of the oil & gas industry over the next five years.

Market Share Analysis

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Leak Detection Market Share: By Technology Type

Based on the technology type, the market is segmented as Acoustic/Ultrasonic, Extended Real-Time Transient Model Fiber Optic, Mass/Volume Balance, Vapor Sensing Tubes, and Others. Acoustic/Ultrasonic is expected to remain the dominant technology in the market till 2026, owing to its wider usage in the single-phase and multi-phase flow pipelines as it offers various benefits over other technologies such reliable, quicker, easy to comprehend, and minimal calibration requirement.

Leak Detection Market Share: By Regions

In terms of regions, North America is estimated to be the largest market, fueled by the USA. The dominance of the region is attributed to the presence of a large number of shale gas facilities in the region especially in the USA. The USA is among the largest oil & gas producer in the world. Asia-Pacific is projected to witness the highest growth in the market over the next five years, propelled by rapid growth in oil & gas production capacity and refineries across the region. 

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Some of the major leak detection manufacturers for Oil & Gas are-

• Honeywell International Inc.
• PSI AG
• Siemens AG
• Flir Systems, Inc.
• Krohne Messtechnik GmbH
• Schneider Electric SE
• Synodon Inc.
• Atmos International
• Clampon AS
• TTK-Leak Detection System

Market Scope & Segmentation

Leak detection for oil & gas is a system or device used to detect any leakages in the pipelines used production, supply, and storage of oil & gas.  The method detection comprises infrared, laser technology after pipeline erection and hydrostatic testing.

Leak detection system helps pipeline operators by providing alarms and displaying related data after detecting and localizing leaks. The systems also help in improving efficiency and productivity of the pipelines. 

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The leak detection market is segmented into the following categories. 

Leak Detection Market Size, Share, & Forecast, by Technology Type for Oil & Condensate:

• Acoustic/Ultrasonic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Extended Real-Time Transient Model (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Fiber Optic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Mass/Volume Balance (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Vapor Sensing Tubes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Leak Detection Market Size, Share, & Forecast, by Technology Type for Natural Gas:

• Acoustic/Ultrasonic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Statistical and Real-Time Monitoring (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Cable Based (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Flow Monitoring (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Laser Absorption and Lidar (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Vapor Sensing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Thermal Imaging (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Leak Detection Market Size, Share, & Forecast for Oil & Gas, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the technology types by country type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].