Leak Detection Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Leak Detection Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : February, 2020 | Semiconductor & Electronics | PPT format

Report Digest


Leak Detection Market: Overview 

Pipeline leak detection is used to find the site of leak in pipeline networks that are used for transportation of gases, oils, and other fluid products. Pipeline networks need to fulfill safety standard as they are used for long-distance transport of flammable commodities. 

Leak detection systems (LDS) are primarily installed to assist pipeline authorities detect and localize leaks. Pipeline leak detection systems also benefit in terms of enhancing productivity and system reliability mainly due to fewer incidence of system breakdown and reduced inspection time. 

Leak Detection Market: Key Trends 

The top factor driving the growth of the leak detection market is the increasing incidents of oil and gas leaks in pipelines and in storage tanks at production units. This has necessitated the deployment of reliable leak detection system for protection against fire hazards that can lead to loss of life or property. Furthermore, expansion of existing pipelines for increased downstream oil and gas handling capacity and stringent government regulations in place for oil and gas production facilities to be equipped with leak detection systems is bolstering the market’s growth. 

The expeditious growth of the oil and gas sector to fulfill the ever-increasing energy needs is also fueling the market’s growth. This is because the escalating demand for energy have led to the construction of new oil and gas pipelines for downstream operations that are equipped with leak detection systems for safety reasons. 

Corrosion of pipelines and failure of pipeline material for handling oil and gas flow are the major causes of leakage in oil and gas pipelines. This has necessitated the deployment of proper leak detection systems for protection against accidents and blow-ups.    

Leak Detection Market: Market Potential 

In oil and gas production operations, use of technology has been instrumental for improving efficiency translating into economic benefits. The use of cloud computing is the next big thing that has not been advantageous for improved operational efficiency but also for improved safety. 

In a breakthrough development, ABB Ability mobile gas leak detection developed by ABB detects leaks in no time and shares data via the cloud. The system that is based on ABB’s Off-Axis Integrated Cavity Output Spectroscopy- the company’s patented technology, improves pipeline integrity for protection against blow-ups and accidents.

Leak Detection Market: Regional Outlook 

North America stood as the leading regional leak detection market for oil and gas in the recent past. The expansion of oil and gas production capacities in the U.S. and Canada has led to the development of pipeline infrastructure in North America, which in turn, has boosted the growth of the market for leak detection for oil and gas in the region. Stringent governmental mandates in the U.S. that necessitate oil and gas pipelines to be equipped with leak detection systems is propelling the growth of North America leak detection market. 

The Middle East and Africa is also a significant regional market for leak detection for oil and gas due to the extensive network of oil and gas pipelines for downstream demand. 

Leak Detection Market: Competitive Landscape 

Some of the key players that operate in the global leak detection market include Honeywell International Inc., Siemens AG, KROHNE Messtechnik GmbH, Synodon Inc., Clampon AS, Pentair PLC, Perma-Pipe Inc., Bridger Photonics Inc., PSI AG, FLIR Systems Inc., Schneider Electric SE, Atmos International, TTK-Leak Detection System, Pure Technologies Ltd., and Sensit Technologies LLC. 

Top players in the market are engaged in agreements, strategic alliances, and partnerships to provide value-added services and stay competitive in the market.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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