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Leak Detection Market 2019: Industry Analysis, Technological Innovations, Trends, Growth, Opportunities, Demand and Forecast to 2026

Press Release

Leak detection is a system that detects leakage in oil & gas pipelines and convey information to pipeline controllers. Leak detection systems increase efficiency, safety, and reliability of oil & gas pipelines by reducing inspection time and downtime. It provides information in the form of alarm or others to assist controllers in making decision and take appropriate action.

Increased number of leakages at oil & gas production, pipelines, &storage tanks and government regulations for safety & security are factors driving the growth of the World Leak Detection Market for oil & gas. The demand for oil & gas exploration and production activities and environmental concerns would create opportunities in the market.

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The world leak detection market for oil & gas is segmented based on technology, type, and geography. On the basis of technology, the market is classified into negative pressure wave, mass-volume balance method, fiber optic cables, E-RTTM, vapor sensing tubes, and others. The types covered in the report include upstream, downstream, and midstream. The regions, such as North America, South & Central America, Europe, Asia-Pacific, and Latin America, Middle East and Africa (LAMEA) would experience tremendous growth.

The prominent companies operating in the market are Honeywell International Inc., Perma-Pipe Inc., PSI AG, Pure Technologies Ltd., Atmos International, TTK, Pentair Ltd., Siemens AG, ClampOn AS, Krohne Group, and Schneider Electric S.E. Expansions, partnerships, collaborations, mergers & acquisitions, joint ventures, and others are some of the strategies adopted by these companies to strengthen their position in the market.

KEY BENEFITS FOR STAKEHOLDERS:

  • The report offers a detailed analysis of key driving and restraining factors of the world leak detection market for oil & gas.
  • This report offers an in-depth quantitative analysis of the current market and estimations through 2015 and 2020, which assists in identifying the prevailing market opportunities.
  • An exhaustive analysis of key strategies adopted by leading manufacturers helps in understanding competitive scenario.

LEAK DETECTION MARKET KEY SEGMENTS:

By Technology:

  • Negative Pressure Wave
  • Mass-Volume Balance Method
  • Fiber Optic Cables
  • E-RTTM
  • Vapor Sensing Tubes
  • Others

By Type:

  • Upstream
  • Downstream
  • Midstream

KEY MARKET PLAYERS:

  • Honeywell International Inc.
  • Perma-Pipe Inc.
  • PSI AG
  • Pure Technologies Ltd.
  • Atmos International
  • TTK
  • Pentair Ltd.
  • Siemens AG

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