Leak Detection Market Key Segments and Players by 2025

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.

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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.

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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.

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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.

Pipeline Failure to Encourage the Demand for Leak Detection Market, Globally

San Francisco, California, January 04, 2018 – Pipeline leak detection is utilized to discover the site of leak in pipeline organizes that are utilized for transportation of oils, gases, and other liquid items. Pipeline systems need to satisfy security standard as they are utilized for long-remove transport of combustible products. Leak detection frameworks (LDS) are principally introduced to help pipeline specialists identify and restrict leaks. Pipeline leak detection frameworks likewise advantage regarding upgrading profitability and framework unwavering quality essentially because of less frequency of framework breakdown and diminished examination time. Along with it, the leakage of oil and gas frequently prompts considerable harm of property and in some cases life as well, other than seriously influencing the earth for a long haul. Thus, it is principal for the players working in the oil and gas industry to introduce proficient detection strategies. As the interest for oil and gas surges further, the reliance on these pipelines to conveyance reliably is mounting. This is plainly thinking about worldwide oil and gas pipeline leak detection market, which is relied upon to extend at a solid development rate amid the estimate time frame.

Rusting of pipelines and failure of pipeline material for taking care of oil and gas stream are the significant reasons for leakage in oil and gas pipelines. This has required the arrangement of legitimate leak detection frameworks for insurance against mischances and blow-ups. The quick development of the oil and gas division to satisfy the regularly expanding vitality needs is additionally filling the market’s development. This is on account of the heightening interest for vitality have prompted the development of new oil and gas pipelines for downstream operations that are outfitted with leak detection frameworks for wellbeing reasons.

The best factor driving the development of the leak detection market is the expanding occurrences of oil and gas leaks in pipelines and away tanks at generation units. This has required the organization of dependable leak detection framework for insurance against flame perils that can prompt death toll or property. Moreover, development of existing pipelines for expanded downstream oil and gas taking care of limit and stringent government directions set up for oil and gas creation offices to be outfitted with leak detection frameworks is supporting the market’s development.

Based on geographical regions, report ponders the lucrativeness of the local markets of Europe, North America, the Middle East and Africa, Asia Pacific, and Rest of the World (RoW). As of now, the Middle East and Africa district constitutes the most extreme market for oil and gas pipeline leak detection, attributable to tremendous system of pipeline, which is expanding much further. Accordingly, this region is anticipated for the best development rate amid the estimate time frame. The Middle East and Africa is a critical territorial market for leak detection for oil and gas because of the broad system of oil and gas pipelines for downstream request. The area of North America is ruled by the created economy of the U.S. which lives a few unmistakable players in this market and consequently is required to remain a prosperous locale throughout next couple of years. Stringent administrative commands in the U.S. that require oil and gas pipelines to be furnished with leak detection frameworks is impelling the development of North America leak detection market.

Siemens AG, Synodon Inc., Pentair PLC, Bridger Photonics Inc., Atmos International, Pure Technologies Ltd., Honeywell International Inc., KROHNE Messtechnik GmbH, FLIR Systems Inc., Clampon AS, Perma-Pipe Inc., Schneider Electric SE, TTK-Leak Detection System, Sensit Technologies LLC, and PSI AG among the major firms dominating the leak detection market.

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