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Global Leak Detection Market Analysis With Top Vendors are Honeywell, FLIR Systems, Siemens, Synodon Inc., PSI Software AG, ClampOn, KROHNE Group, Pure Technologies, Pentair, Schneider Electric, Atmos International, Perma-Pipe
Global Leak Detection Market
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: Global Leak Detection Market
Some of the major players in global leak detection market include 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 Ltdamong others.
Market Definition:
Leak detection is a method through which occurrence of a leak is determined during corrosion. It can either be in a gaseous or in a liquid form. Both external and internal methods of detection are being available for leak detection such as laser and infrared technology, hydrostatic testing and many more.
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 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
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Market Segmentation: Global Leak Detection Market
On the basis of category, global leak detection market is segmented into oil and gas.
On the basis of product, global leak detection market is segmented into fixed leak detector and portable leak detector.
On the basis of technology for oil, global leak detection market is segmented into 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, global leak detection market is segmented into acoustic/ultrasonic, laser absorption & lidar, cable based, statistical & real time monitoring, vapor sensing, flow monitoring and thermal imaging.
On the basis of end user, global leak detection market is segmented into upstream, middle stream and downstream.
On the basis of geography, the global leak detection market report covers data points for 28 countries across multiple geographies such as
North America, South America, Europe, Asia-Pacific and Middle East and Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
About Data Bridge Market Research:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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