Press release
Leak Detection Market Size, Share and Forecast by 2025 - Pentair Plc, Siemens AG, Flir Systems, Schneider Electric, Pure Technologies
Leak Detection Market to 2025
Leak detection is the application of tools and equipment for determining leakages within a system such as oil & gas pipelines or the water pipelines. Corrosions and deteriorations of the pipe based materials are major causes of leakages and thereby need to be inspected and repaired to prevent losses. An electronic device called leak detectors are used for sensing and detecting leakage of oil & gas, water and other materials.
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Growth and expansion of existing pipelines and building of new pipelines are the major drivers which help in surging the growth of leak detection market whereas lack of technological advancements in offshore leak detection systems act as a restraining factor for this market. Introduction of hydraulic leak detection systems for oil & gas pipelines will add new opportunities for this market in the coming years.
Top Leaders:
1. Honeywell International Inc.
2. Pentair Plc
3. Siemens AG
4. Flir Systems, Inc.
5. Schneider Electric SE.
6. Pure Technologies Ltd.
7. Atmos International Ltd
8. ClampOn AS.
9. EnergySolutions
10. KROHNE Messtechnik GmbH
The "Global Leak Detection Market Analysis to 2025" is a specialized and in-depth study of the leak detection industry with a focus on the global market trend. The report aims to provide an overview of global leak detection market with detailed market segmentation by type, technology, end-user and geography. The global leak detection market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
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The report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the market in these regions.
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