Press release
Oil and Gas Pipeline Leak Detection Equipment Market Emergence of advanced technologies and global industry analysis 2024
View Full Report:
https://www.transparencymarketresearch.com/oil-gas-pipeline-leak-detection-equipment-market.html
“Top players in the market are strategizing for acquisitions and divestments for sustainable business growth,” says TMR’s lead analyst. Siemens AG, for example, acquired Rolls-Royce’s Energy compressor and aero-derivatives gas turbines business in 2014 to fill a technological gap in its own gas turbine portfolio.
Request to view Sample Report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=26594
Leveraging core strengths and focus on expansion of oil and gas sector is another popular growth strategy adopted by companies in this market. For instance, Honeywell International recently bagged a contract for the Trans-Anatolian Gas Pipeline because of its expertise in integrated control and safety systems.
TMR estimates the global oil and gas pipeline leak detection equipment market to be worth US$3.65 bn by 2024 increasing from US$2.02 bn in 2015 at a CAGR of 6.8% between 2016 and 2024.
In terms of technology, mass-volume balance is the leading segment with the segment anticipated to hold 37.4% of the market by the end of 2024.
North America is currently the leading regional market in the global oil and gas pipeline leak detection market. However, the Middle East and Africa is expected to display a significant CAGR over the forecast period.
Request to download and view full ToC -
https://www.transparencymarketresearch.com/report-toc/26594
Business Implications of Rising Environmental Considerations Fuel Growth
Environmental concerns and policies regarding pipeline leakages is the prime factor driving the global oil and gas pipeline leak detection equipment market. This is because past incidents of pipeline leakage have been detrimental to the extent that it has wiped off complete flora and fauna of the leak site. Obligations on part of pipeline operators after a leak has happened is another important factor driving this market. Pipeline operators not only suffer business losses and but also need to pay high compensations to affected bodies.
Volatile Oil Prices Hinder Growth
Proving to be a hindrance to the growth of oil and gas leak detection equipment market is volatile oil prices that hamper execution of new pipeline projects. Generally, new pipeline projects are planned are put under construction if only oil prices are high enough for the project to be profitable. However, unforeseen changes in oil prices such as the recent drop in oil prices in 2015, has proved to be detrimental with considerable cut short in pipeline length for new as well as under-construction pipelines.
Nevertheless, the global oil and gas pipeline leak detection equipment market is expected to be benefitted from growth opportunities that are expected to come to the fore. Pipeline projects planned in 2015 that would be more than 100,000 miles of pipelines is expected to present new opportunities to the global oil and gas pipeline leak detection equipment market. Furthermore, technological advances in pipeline leak detection systems that is aimed to improve the integrity of pipelines with fewer accidents and low downtime will benefit the growth of this market.
Global Oil and Gas Pipeline Leak Detection Equipment Market Report is available at US$ 5795 -
http://www.transparencymarketresearch.com/checkout.php?rep_id=26594<ype=S
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
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
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 Emergence of advanced technologies and global industry analysis 2024 here
News-ID: 753551 • Views: …
More Releases from Transparency Market Research Reports
High Purity Quartz Market - Global Industry Report, 2030
High Purity Quartz Market: Introduction
Albany, NY - The global high purity quartz market was valued at ~US$ 800 Mn in 2019 and is anticipated to expand at a CAGR of ~6% during the forecast period. The global high purity quartz market is driven by increase in demand for high purity quartz in the global semiconductor industry. Asia Pacific accounts for a major share of the global high purity quartz market,…
Smart Remote Control Market: Analysts Expect Robust Growth in 2028
The rise in the use of technology across the globe has hit the shore of remote controls too. On the back of technological advancements, the smart remote control market may gain considerable momentum across the forecast period of 2019 -2028. The shift in consumer preference from cost-effectiveness to convenience is serving as a prominent growth factor for the smart remote control market. Based on technology type, the smart remote control…
HYDROGEN SULFIDE SCAVENGERS MARKET TO REACH A VALUE OF ~US$ 655 MN BY 2027: TRAN …
Hydrogen Sulfide Scavengers Market: Key Highlights
The global hydrogen sulfide scavengers market was valued at ~US$ 440 Mn in 2018, and is anticipated to expand at a CAGR of ~5% from 2019 to 2027. Increase in crude oil production enhances oilfield operations such as drilling, cementing, production, workover and completion, and well stimulation. This drives the demand for production chemicals such as hydrogen sulfide scavengers.
The demand for crude oil is increasing…
METAL-ORGANIC FRAMEWORK MARKET TO REACH A VALUATION OF ~US$ 24 MN BY 2027: TRANS …
Metal-organic Framework Market: Introduction
In terms of value, the global metal-organic framework market is anticipated to expand at a CAGR of ~11% from 2019 to 2027
Metal-organic framework is a class of porous materials constructed from metal-rich inorganic nodes bonded with organic linkers. The structure provides high density of three-dimensional porous cores with a large surface area, uniform cross-linkages, and tunable porosity. Metal-organic framework possesses excellent absorption rate for hydrogen, water, carbon…
More Releases for Pipeline
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…
Pipeline of Batten Disease Market Pipeline Review, H2 2017
"The Report Batten Disease - Pipeline Review, H2 2017 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz"
Global Markets Direct's latest Pharmaceutical and Healthcare disease pipeline guide Batten Disease - Pipeline Review, H2 2017, provides an overview of the Batten Disease (Central Nervous System) pipeline landscape.
Batten disease, a rare genetic disorder, belongs to a group of progressive degenerative neurometabolic disorders known…
Pressure Ulcers (Dermatology) Pipeline Landscape H2, 2017 - Pharmaceutical Pipel …
Market Research Hub's latest Pharmaceutical and Healthcare disease pipeline guide Pressure Ulcers Pipeline Review, H2 2017, provides an overview of the Pressure Ulcers (Dermatology) pipeline landscape. Pressure ulcers are an injury that breaks down the skin and underlying tissue. The parts of the body most at risk of developing pressure ulcers are those that are not covered by a large amount of body fat and are in direct contact with…
Hypotension (Cardiovascular) Pipeline Review H2, 2017 - Pharmaceutical Pipeline …
Market Research Hub's latest Pharmaceutical and Healthcare disease pipeline guide Hypotension Pipeline Review, H2 2017, provides an overview of the Hypotension (Cardiovascular) pipeline landscape. Low blood pressure, or hypotension, occurs when blood pressure during and after each heartbeat is much lower than usual. This means the heart, brain, and other parts of the body do not get enough blood. Symptoms include blurred vision, dizziness, confusion, sleeplessness, and weakness. Treatment is…
Hypotension (Cardiovascular) Pipeline Review H2, 2017 - Pharmaceutical Pipeline …
Market Research Hub's latest Pharmaceutical and Healthcare disease pipeline guide Hypotension Pipeline Review, H2 2017, provides an overview of the Hypotension (Cardiovascular) pipeline landscape. Low blood pressure, or hypotension, occurs when blood pressure during and after each heartbeat is much lower than usual. This means the heart, brain, and other parts of the body do not get enough blood. Symptoms include blurred vision, dizziness, confusion, sleeplessness and weakness. Treatment is…
Cluster Headache Syndrome Pipeline Review H2, 2017 - Pharmaceutical Pipeline Gui …
Market Research Hub's latest Pharmaceutical and Healthcare disease pipeline guide Cluster Headache Syndrome Pipeline Review, H2 2017, provides an overview of the Cluster Headache Syndrome pipeline landscape. Cluster headache is pain that occurs along one side of the head. It is frequently occurs around, behind, or above the eye. Symptoms include burning, sharp, steady pain, red eye, runny nose, excessive tearing and flushed face. Risk factors include age and gender.…
