Press release
Oil and Gas Pipeline Leak Detection Equipment Market Key Growth Factors and Industry Analysis 2016 – 2024
The torchbearers in the global oil and gas pipeline leak detection equipment market are leveraging their core business strengths in this highly competitive market. They are also focused on acquisitions to augment their technological strengths in a bid to develop new products. Expansion of product portfolio is another popular growth strategy adopted by key players for increased market share.
This 175-page report gives readers a comprehensive overview of the Oil and Gas Pipeline Leak Detection Equipment market. Browse through 24 data tables and 76 figures to unlock the hidden opportunities in this market. http://www.transparencymarketresearch.com/oil-gas-pipeline-leak-detection-equipment-market.html
Some of the key growth drivers in the global oil and gas pipeline leak detection equipment market are stringent environmental rules regarding handling oil and gas, policies regarding pipeline leakages and obligations on part of pipeline operators to compensate for a leak. The growth of oil and gas pipeline leak detection equipment market can also be attributed to aging pipeline, large number of planned projects for pipeline construction, and increasing number of incidents of pipeline leakages.
As per a report by Transparency Market Research, the global oil and gas pipeline leak detection equipment market to expected to expand at a CAGR of 6.8% for the forecast period between 2016 and 2024. Progressing at this rate, the revenue of the market is projected to be become US$3.65 bn by 2024 increasing from US$2.02 bn in 2015.
Acoustic/ultrasonic Technology Segment to emerge at fore due to Economic Reliability
In terms of technology, the oil and gas pipeline leak detection equipment market is segmented into mass-volume balance, fiber optics, acoustic/ultrasonic, vapor sensing, and others. The segment of mass-volume balance, among these, held the leading share of 39.3% of the overall market in 2015. On the other hand, the segment of acoustic/ultrasonic is expected to expand at a significant CAGR over the forecast period due to economic reliability of the technology.
Based on location, the oil and gas pipeline leak detection equipment market is divided into onshore and offshore. Between the two, onshore led the global oil and gas pipeline leak detection equipment market in 2015 and is predicted to account for a significant share over the forecast period.
On the basis of equipment type, flowmeters, cable sensors, acoustic sensors, and others are the segments into which the global oil and gas pipeline leak detection equipment market is divided. Among these, the segment of flowmeters held a significant share in the oil and gas pipeline leak detection equipment market in 2015 and is expected to hold a sizable share over the forecast period.
Get accurate market forecast and analysis on the Oil and Gas Pipeline Leak Detection Equipment market. Request a sample to stay abreast on the key trends impacting this market @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=26594
Planned Pipeline Construction Projects Power Growth in Middle East and Africa
The regional segments into which the global oil and gas pipeline leak detection equipment market is segmented are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is a key regional market due to an extensive network of pipelines in the region. North America contributed the leading revenue of 40% to the overall market in 2015, of which the U.S. stood as the leading contributor.
Europe followed North America in terms of market share in the global market in 2015. However, the regional market of Middle East and Africa is predicted to expand at a rapid pace during the forecast period and display an increased market share between 2015 and 2024. The growth of the Middle East and Africa oil and gas pipeline leak detection equipment market is due to a large number of planned projects for pipeline construction.
The key players in the global oil and gas pipeline leak detection equipment market profiled in this study are Siemens AG, KROHNE Messtechnik GmbH, Schneider Electric SE, Perma-Pipe Inc., FLIR Systems Inc., TTK-Liquid Leak Detection Systems, PSI AG, Honeywell International Inc., ATMOS International, Pentair Thermal Management, Pure Technologies Ltd., and AREVA NP.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact Us
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/
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 Oil and Gas Pipeline Leak Detection Equipment Market Key Growth Factors and Industry Analysis 2016 – 2024 here
News-ID: 628212 • Views: …
More Releases from Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth.
Uncover essential discoveries and trends from…
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth.
Discover essential conclusions and data from our Report in this sample -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100
Analysts' Viewpoint
The Technetium‐99m…
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine…
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,…
More Releases for Pipeline
Refined Petroleum Products Pipeline Transportation Market: Insights, Trends and …
Refined Petroleum Products Pipeline Transportation Market Overview:
Refined petroleum products pipeline transportation industry comprises establishments primarily engaged in the pipeline transportation of refined petroleum products.. The global Refined Petroleum Products Pipeline Transportation Report contents include Size in value for the Refined Petroleum Products Pipeline Transportation market, drivers, trends and challenges, by end user, and growth rate during the forecast period, 2023-2030. Historical figures are also provided.
Get Sample Report @ https://reportsinsights.com/sample/671217
Key Competitors…
Presbyopia Pipeline: Insights into Novel Pipeline Therapies, Key Pharma Companie …
DelveInsight's, "Presbyopia Pipeline Insight, 2022," report provides comprehensive insights about 12+ companies and 12+ pipeline drugs in Presbyopia pipeline landscape. It covers the pipeline drug profiles, including clinical and nonclinical stage products. It also covers the therapeutics assessment by product type, stage, route of administration, and molecule type. It further highlights the inactive pipeline products in this space.
Key takeaways from the Presbyopia Pipeline Insight Report
• Presbyopia Pipeline report offers a comprehensive…
Scleroderma Pipeline | 20+ Key Players & 22+ Pipeline Drugs | DelveInsight
DelveInsight's, "Scleroderma Pipeline Insight, 2022," report provides comprehensive insights about 30+ companies and 30+ pipeline drugs in Scleroderma pipeline landscape. It covers the pipeline drug profiles, including clinical and nonclinical stage products. It also covers the therapeutics assessment by product type, stage, route of administration, and molecule type. It further highlights the inactive pipeline products in this space.
Key takeaways from the Scleroderma Pipeline Insight Report
• DelveInsight's analysis depicts a robust…
Malaria Pipeline Landscape Analysis: 15+ Key Players & 20+ Pipeline Drugs
DelveInsight's, "Malaria Pipeline Insight, 2022," report provides comprehensive insights about 15+ companies and 20+ pipeline drugs in Malaria pipeline landscape. It covers the pipeline drug profiles, including clinical and nonclinical stage products. It also covers the therapeutics assessment by product type, stage, route of administration, and molecule type. It further highlights the inactive pipeline products in this space.
In the Malaria Pipeline report, detailed description of the drug is given which…
Refined Petroleum Products Pipeline Transportation Market is Booming with Strong …
Refined Petroleum Products Pipeline Transportation Market Report research report is a wide-ranging analysis and Impact of COVID19 in the global market and the in-detail information with segmentation has been added in this intelligence report. In this report a comprehensive analysis of current global Global Refined Petroleum Products Pipeline Transportation Market market in terms of demand and supply environment is provided, as well as price trend currently and in the next…
Refined Petroleum Products Pipeline Transportation Global Market 2018: Key Playe …
Refined petroleum products pipeline transportation industry comprises establishments primarily engaged in the pipeline transportation of refined petroleum products.
Introduction of new and advanced technologies in the industry is highly increasing the demand of refined petroleum products pipeline transportation market. Several countries has begun with the usage of drones and advanced surveillance systems for pipeline monitoringand also to protect oil pipelines from any disrupt acts. With these new robotics and IoT solutions…
