Press release
North America Oil & Gas Pipeline Leak Detection System (LDS) Market (2016-2022)-6wresearch
6Wresearch- Market Intelligence Solutions
The growing pipeline infrastructure to deliver energy to domestic and international markets have spurred the market for oil & gas pipeline Leak Detection System (LDS) in the North America region. The market for leak detection system in North America is promising and is offering huge opportunities as large number of pipeline projects have been recently awarded and several are in pipeline.
According to 6Wresearch, The North America Oil & Pipeline Leak Detection System (LDS) market is projected to reach $1.58 billion by 2022. The Oil & Gas pipeline leak detection system market is likely to witness growth in North American region owing to expansion of Oil & Gas pipeline networks/infrastructure and tightening of safety and environmental regulations in the region.
According to Rajat Kharbanda, Senior Consultant, Research and Consulting, 6Wresearch, “In North America, the primarily used leak detection methods are the Compensated Mass Balance (CMB), Real Time Transient Model (RTTM) and Statistical Volume Balance (SVB).”
On the other hand, “Acoustic / negative pressure wave, fiber optic cable and other leak detection methods such as E-RTTM, vapor sensing tubes, infrared radiometer and thermal cameras are not very common in the region and are restricted to certain applications only. Each leak detection method has its own advantage and disadvantage and none of the existing technologies offers complete reliable solution, which is driving the need for more advanced leak detection technologies”, Rajat added.
According to Ravi Bhandari, Research Analyst, Research and Consulting, 6Wresearch, “Compensated mass balance accounts for the maximum revenue share in the overall North America pipeline LDS market. However, statistical volume balance method is the most reliable leak detection method used in the region as it has low false alarm rate. Additionally, the statistical volume balance method is expected to register substantial growth by 2022”
“The North America leak detection industry witnessed slow growth as a result of low oil prices, particularly in the Canada market. However, from 2017 onwards, the market is likely to recover and is exhibited to record growth driven on account of tightening regulations”, Ravi further added.
Some of the major leak detection companies in North America are Energy Solutions International (ESI), Schneider Electric, Atmos, Krohne, DNV GL, Pure Technologies, PSI AG and Enbridge.
The “North America Oil & Gas Pipeline Leak Detection System Market (2016-2022)” report provides in-depth analysis with 50 figures and 26 tables covered in more than 140 pages. The report estimates and forecast the overall North America oil & gas pipeline leak detection system market by revenue, technology, application and country. The report also gives insights on the competitive landscape, market share by companies, market trends, company profiles, market drivers and restraints.
Source Link: http://www.6wresearch.com/press-releases/north-america-oil-gas-pipeline-leak-detection-system-lds-market-media-news-forecast-trends-share-players.html
For Further details, please contact:
Email Us: sales@6wresearch.com
Call Now: +91-11-430-24-305
With over 1000 custom research projects, 6Wresearch is a global market research and consulting firm specializes in niche and emerging markets.The Company over the past few years has developed itself to be a renowned market intelligence company which led strong emphasis on competitive and strategic intelligence.
6Wresearch, through its integrated survey model, offers its client real time market and competitive intelligence and thus enable our clients to devise market entry strategies to target particular market and geography.
Delhi/NCR Office
809, 8th Floor, Pearls Best Heights - II
Netaji Subhash Place, Pitampura
New Delhi, India-110034
Phone: +911143024305
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release North America Oil & Gas Pipeline Leak Detection System (LDS) Market (2016-2022)-6wresearch here
News-ID: 520301 • Views: …
More Releases from 6Wresearch- Market Intelligence Solutions
Market Penetration of Smart Ceiling Lights Globally
The global market for ceiling lights has been growing rapidly as consumers demand is high for seek stylish and efficient lighting for homes and commercial settings. Though new technologies in smart lighting are gaining traction, ceiling lights remain favored for their utility, design versatility, and energy-conscious features.
According to 6Wresearch, the Global Ceiling Lights Market is projected to grow at a compound annual growth rate (CAGR) of 4.60% between 2025 and…
Role of Electric Vehicles in Shaping Parking Infrastructure & Advancements in Au …
The car parking market worldwide is growing steadily. This is due to the rising urbanization, increased numbers of vehicles, and the need for efficient space allocation in cities. With expanding urban centers and mounting traffic congestion, demand for smart and systematic parking solutions is rapidly rising. Additionally, governments and private companies have invested in contemporary parking facilities. Moreover, technological advancements are being done to make parking systems more accessible and…
Consumer Behavior and Preferences in Purchasing Car Insurance
The global car insurance market growth has boosted massively, driven by the rising vehicle ownerships and strict government regulations. Additionally, the rising driver's awareness regarding car insurance is another major factor boosting the growth of the market. While rise of digital solutions and new technologies, traditional car insurance remains essential in the auto and financial industries, which offer vital protection and financial security to drivers worldwide.
According to 6Wresearch, the Global…
Regional Analysis of Car Accessories Demand and Innovative Technologies in Car A …
The global car accessories market is experiencing consistent growth, driven by increasing vehicle ownership, rising interest in vehicle customization, and growing awareness around safety and comfort. Consumers around the world are investing more in both aesthetic and functional accessories for their vehicles-ranging from seat covers and infotainment systems to advanced safety tools and exterior enhancements.
According to 6Wresearch, the Global Car Accessories Market is projected to grow at a compound annual…
More Releases for North
Man and Van North London: Your Go-To Moving Solution in North London
North London, London - June 23, 2025 - Looking for a stress-free and efficient moving experience in North London? Look no further than Man and Van North London, the trusted, reliable moving service that's changing the way people approach relocation. Based in the heart of North London at 2 Abbotsbury, the team at Man and Van North London provides affordable, hassle-free moving services designed to fit every need.
Whether you're moving…
North America Biosimulation Market
The global biosimulation market is experiencing rapid expansion, driven by advancements in technology and the increasing demand for computational tools that can accelerate drug discovery, clinical trials, and regulatory processes. As of 2023, the market was valued at USD 3.5 billion and is projected to reach USD 14.1 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 16.90% from 2024 to 2032.
Biosimulation, which involves the use of…
Entirewire Electrician North Canton Offers Top-Tier Electrical Services for Nort …
Image: https://www.getnews.info/wp-content/uploads/2024/09/1726505467.png
Entirewire Electrician North Canton provides high-quality electrical services to residential and commercial clients in North Canton, OH. Specializing in electrical panel replacement, repairs, and installations, their team of certified electricians ensures safe, reliable, and efficient solutions, making them a trusted choice for all electrical needs in the local community.
North Canton, OH - Entirewire Electrician North Canton continues to provide exceptional electrical services for residents and businesses in the…
Web Design North: Providing Exceptional Graphic Design Services in North Bay
Web Design North, a leading digital marketing and SEO agency, provides peerless graphic design services in North Bay.
Specific and highly effective digital solutions can help solve the challenges businesses encounter in reaching their target audience. With the combination of these solutions and the expertise of digital professionals, business owners can rest assured that they will make more progress and thrive among their competitors. Web Design North is a dedicated marketing…
Web Design North Offers Digital Marketing Services in North Bay, Canada
Web Design North is a reputable company that provides digital marketing solutions and website development services in Canada.
Web Design North is excited to debut its updated website, showcasing a more modern and user-friendly design. The new site features easy navigation, allowing potential clients to easily browse and learn about the company's services and view their impressive portfolio of work. As a leading web design company, Web Design North understands the…
Web Design North Now Offers North Bay Website Designing Services
Web Design North has successfully worked with businesses of all sizes across North America and internationally.
Web Design North, a leading digital marketing agency in Canada, is proud to announce its expertise in web designing and SEO marketing for businesses in various industries across the country. With a team of experienced professionals, Web Design North has helped numerous clients establish a strong online presence and drive significant traffic to their websites.…
