Leak Detection Market

Leak Detection Market worth $3.0 billion by 2025

The report "Leak Detection Market for Oil & Gas with COVID-19 Impact by Technology (Acoustic, E-RTTM, Fiber Optic, Mass/Volume Balance, Laser Absorption and LiDAR, Thermal Imaging), Medium (Oil and Condensate, Natural Gas), and Region - Global Forecast to 2025" The market is projected to grow from USD 2.1 billion in 2020 to USD 3.0 Billion by 2025, at a CAGR of 7.8% from 2020 to 2025. Rising occurrences of oil & gas leakages in pipelines and storage tanks at production facilities and progressing government regulations concerned with the implementation of leak detection systems are some of the major factors propelling the growth of the leak detection market for oil & gas.

Browse 208 market data Tables and 52 Figures spread through 269 Pages and in-depth TOC on "Leak Detection Market for Oil & Gas with COVID-19 Impact by Technology (Acoustic, E-RTTM, Fiber Optic, Mass/Volume Balance, Laser Absorption and LiDAR, Thermal Imaging), Medium (Oil and Condensate, Natural Gas), and Region - Global Forecast to 2025"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/oil-gas-leak-detection-market-33989203.html

The natural gas segment will grow at the highest CAGR during the forecast period.

Increasing government regulations to reduce carbon dioxide emissions is one of the key drivers for increased natural gas consumption. This, in turn, contributes to the rising demand for leak detection technologies and systems in natural gas production and storage facilities and transportation pipelines.

North America to lead the global leak detection market for oil & gas during the forecast period.

North America is projected to account for the largest size of the leak detection market for oil & gas during the forecast period. The US government provides significant subsidies to petroleum companies through tax exemptions at every stage of the oil exploration and extraction process, from leasing oil fields to drilling equipment. The government support for the growth of the oil and gas industry in the US is one of the primary reasons for the rising number of oil and gas projects in the country. This is expected to contribute to the growth in demand for leak detection technologies and systems in the US. Moreover, according to the Pipeline and Hazardous Materials Safety Administration (PHMSA), an agency of the US Department of Transportation, the increasing incidents of leakages in the oil and gas pipelines and storage tanks at production facilities also fuel the growth of the leak detection market for oil & gas in North America.

Honeywell International (US), Emerson Electric (US), ABB (Switzerland), KROHNE Group (Germany), PSI Software (Germany), Atmos (UK), AVEVA (UK), FLIR Systems (US), HIMA (Germany), Yokogawa Electric (Japan), Asel-Tech (Brazil), Bridger Photonics (US), Flyscan Systems (Canada), Fotech Group (UK), Hawk Measurement Systems (Australia), MAGNUM (Germany), MSA Safety (US), OptaSense (UK), Simulation Software (UK), and TTK (France) are some of the key players operating in the leak detection market for oil & gas.

Don’t miss out on business opportunities in Leak Detection Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Leak Detection Market Size,  Share & Growth Report
Report Code
SE 3855
PR Published ON
12/14/2020
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Leak Detection Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2022 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status
...

Digital Virtual Assistant - MarketsandMarkets

Home