Press release
Global Leak Detection Market 2018 Top Vendors are Honeywell, FLIR Systems, Siemens, Synodon Inc., PSI Software AG, ClampOn, KROHNE Group, Pure Technologies, Pentair, Schneider Electric
Global Leak Detection Market – Industry Trends and Forecast to 2024
The Global Leak Detection Market accounted for USD 2.35 billion in 2016 and is projected to grow at a CAGR of 6.13% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Global Leak Detection Market By Category (Oil, Gas), Product (Fixed, Portable), Technology For Oil (Acoustic/Ultrasonic, Mass/Volume Balance, Fiber Optic, Vapor Sensing Tubes, E-RTTM), Technology For Gas (Acoustic/Ultrasonic, Laser Absorption & Lidar, Cable Based, Statistical & Real Time Monitoring, Vapor Sensing, Flow Monitoring, Thermal Imaging), End User (Upstream, Middle stream, Downstream) – Industry Trends and Forecast to 2024
Major Market Competitors:
Honeywell International Inc.,
FLIR Systems, Inc.,
Siemens AG,
Synodon Inc.,
PSI AG,
ClampON AS,
KROHNE Messtechnik GmbH,
Pure Technologies,
Pentair PLC.,
Schneider Electric,
SENSIT Technologies,
Atmos International,
Perma-Pipe,
Bridger Photonics Inc.,
TTK-Leak Detection System,
EnergySolutions,
RAE Systems,
EnTech Engineering and IRT Consult Environmental & Energy Ltd
Among others.
Market Drivers:
Growth in petrochemical industries and production activities
Rising incidences of oil and gas leakages
Strict government regulation and environmental concerns
Market Restraint:
Modification of leak detection systems
Competitive Analysis:
The global leak detection market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
Market Segmentation:
On the basis of category:- Oil and gas.
On the basis of product:- fixed leak detector and portable leak detector.
On the basis of technology for oil:- Acoustic/ultrasonic, mass/volume balance, fiber optic, vapor sensing tubes and extended real time transient model (E-RTTM).
On the basis of technology for gas:- Acoustic/ultrasonic, laser absorption & lidar, cable based, statistical & real time monitoring, vapor sensing, flow monitoring and thermal imaging.
On the basis of end user:- Upstream, middle stream and downstream.
On the basis of geography:- North America, South America, Europe, Asia-Pacific and Middle East and Africa.
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