Leak Detection Market For Oil and Gas Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The leak detection market for oil & gas is estimated to be USD 2.1 billion in 2020 and is projected to reach USD 3.0 billion by 2027; it is expected to grow at a CAGR of 7% from 2021 to 2027.

Leak detection is a system that detects leaks in oil and gas pipelines and communicates information to the pipeline controller. Leak detection systems reduce inspection time and downtime, increasing the efficiency, safety and reliability of oil and gas pipelines. It provides information in the form of alarms or other forms so that the controller can make decisions and take appropriate action.

Market Segmentation:

By Technology

• Acoustic/Ultrasonic
• E-RTTM
• Fiber Optic
• Mass/Volume Balance
• Thermal Imaging
• Laser Absorption and LiDAR
• Vapor Sensing

By Medium

• Oil and condensate
• Natural gas

KEY MARKET PLAYERS:

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

Scope of the Report

The research study analyzes the global Leak Detection Market For Oil and Gas industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Leak Detection Market For Oil and Gas Market Report

1. What was the Leak Detection Market For Oil and Gas Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027). 2. What will be the CAGR of Leak Detection Market For Oil and Gas Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Leak Detection Market For Oil and Gas Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.