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Leak Detection Market Report
The Leak Detection Market is Segmented by Technology Type for Oil & Condensate (Acoustic/Ultrasonic, Extended Real-Time Transient Model Fiber Optic, Mass/Volume Balance, Vapor Sensing Tubes, and Others), by Technology Type for Natural Gas (Acoustic/Ultrasonic, Statistical and Real-Time Monitoring, Cable Based, Flow Monitoring, Laser Absorption and Lidar, Vapor Sensing, Thermal Imaging, and Others), and by Region ...
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
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.
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Leak Detection Market - Snapshot |
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Growth |
7.2% for the next five year |
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Major Technology Type |
Acoustic/Ultrasonic |
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Region with the highest demand |
North America |
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Key Players |
Honeywell International Inc., PSI AG, Siemens AG, Flir Systems, Inc., Krohne Messtechnik GmbH, Schneider Electric SE, Synodon Inc., Atmos International, Clampon AS, and TTK-Leak Detection System |
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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.
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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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.
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Leak Detection Market for Oil & Gas Research Report - Features |
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Market Segmentation |
3 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
12 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The leak detection market is segmented into the following categories.
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Some of the major leak detection manufacturers for Oil & Gas are-
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:
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.
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
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].
The leak detection market for oil & gas is expected to witness an impressive growth of 7.2% CAGR in the foreseeable future.
Honeywell International Inc., PSI AG, Siemens AG, Flir Systems, Inc., Krohne Messtechnik GmbH, Schneider Electric SE, Synodon Inc., Atmos International, Clampon AS, and TTK-Leak Detection System are among the key players in the leak detection market for oil & gas.
North America is expected to remain the largest leak detection market for oil & gas during the next five years.
Acoustic/Ultrasonic is expected to remain the dominant technology in the leak detection market for oil & gas in the coming years.
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