Leak Detection Market Size 2023: Global Share, Industry And Report Analysis By 2030

Leak detection market is anticipated to grow at a CAGR of 6.2% during the forecast period (2023-2030). The market's growth is attributed to the mobile accessibility across the globe. The drive toward mobile-friendly leak detection solutions addresses the demand for mobile access to essential network data. This development corresponds to the growing reliance on mobile devices for commercial activities. For instance, in May 2022, Ovarro launched tablet-based leak detection. The company's new solution, Eureka5, allows users to access network information on tablets and smartphones.

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The global leak detection market is segmented on the product, technology, and end-user. Based on the product, the market is sub-segmented into handheld gas detectors, UAV-based detectors, vehicle-based detectors, and manned aircraft detectors. Based on the technology, the market is sub-segmented into acoustic/ ultrasonic, pressure analysis, thermal imaging, fiber-optic sensing, laser absorption and lidar, vapor sensing, E-RTTM, and others. Furthermore, on the basis of end-user, the market is sub-segmented into oil and gas industry, chemical industry, water and wastewater management, power generation and utilities, and others. The handheld gas detectors subcategory is expected to capture a significant portion of the market share within the product segment. This can be attributed to the owing advantages such as rapid and reliable detection, compact and lightweight structures, and ease of use. These detectors are used to detect various gases such as methanol, carbon dioxide, ammonia, and methane.

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• Market Coverage
• Market number available for - 2024-2030
• Base year- 2023
• Forecast period- 2024-2030
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Market Segmentation
Global Leak Detection Market by Product
o Dietary Supplements
o Handheld Gas Detectors
o UAV-Based Detectors
o Vehicle-Based Detectors
o Manned Aircraft Detectors

Global Leak Detection Market by Technology
o Acoustic/ Ultrasonic
o Pressure Analysis
o Thermal Imaging
o Fiber-Optic Sensing
o Laser Absorption and LiDAR
o Vapor Sensing
o E-RTTM
o Others (Mass Spectrometry and Ultrasonic Testing)

Global Leak Detection Market by End-User
o Oil and Gas Industry
o Chemical Industry
o Water and Wastewater Management
o Power Generation and Utilities
o Others (HVAC & Refrigeration, and Petrochemical Industry)

Regional Analysis
o North America
o United States
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
o Rest of the World

Company Profiles
o Badger Meter, Inc.
o Bridger Photonics, Inc.
o ClampOn
o Emerson Electric Co.,
o Honeywell International Inc.
o KROHNE Messtechnik GmbH
o Luna Innovations Inc.
o Olympus Group
o Parker-Hannifin Corp.
o Perma-Pipe International Holdings Inc.
o PSI Software SE,
o Schneider Electric
o Siemens AG
o Teledyne FLIR LLC
o Veeder-Root
o Xylem

The Report Covers
• Market value data analysis of 2022 and forecast to 2030.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global leak detection market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies. Competitive strategies by identifying 'who-stands-where' in the market.

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