Oil and Gas Pipeline Leak Detection Equipment Market to Exhibit a Healthy Growth of 6.8% CAGR Between 2016 – 2024
“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.
View Full Report TOC, Figures and Tables @ https://www.transparencymarketresearch.com/oil-gas-pipeline-leak-detection-equipment-market.html
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.
Request Sample Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=26594
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.
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.
Request Brochure of the Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=26594
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.
Buy Full Market Research Report @ https://www.transparencymarketresearch.com/checkout.php?rep_id=26594<ype=S
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.
Transparency Market Research
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
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 to Exhibit a Healthy Growth of 6.8% CAGR Between 2016 – 2024 here
News-ID: 791947 • Views: 164
More Releases from Transparency Market Research
Food Premix Market Observe Substantial Growth by 2018-2026
Global Food Premix Market: Overview Globally, the parents are more conscious about their baby food. They prefer to give healthy and high nutritional content to their babies. This has led the demand in the global food premix market Read report Overview- https://www.transparencymarketresearch.com/food-premix-market.html Based on form and application are likely to be the key segments in which the market can be divided. Food & beverages, early life nutrition/ baby food, pharma OTC drugs, dietary supplements,
Calcium Silicate Market with Positive Long-Term Growth Outlook, 2016-2023
Calcium silicate, also known as calcium orthosilicate, is a white powder derived from diatomaceous earth and limestone. It is obtained by reacting calcium oxide and silica in various ratios. Calcium silicate possesses properties such as high physical water absorption and low bulk density. Due to these special physical characteristics calcium silicate has several applications in the construction sector. It is also used as a food additive in the food processing
Polysulfides Market Scope and Opportunities Analysis 2015– 2023
Polysulfides are chemical compounds that primarily comprise chains of sulfur atoms. These compounds exhibit various functional properties due to which they are chiefly consumed in building & construction, marine, aerospace, glass insulation, and polymer processing industries. Polysulfides possess high flexibility, high tensile strength, impermeability, chemical and weather resistance, and heat insulation. Read report Overview- https://www.transparencymarketresearch.com/polysulfides-market.html Hence, they are favorably used in coating and sealing applications. These sulfur compounds are generally classified as anionic
CRISPR and Cas Genes Market Compnies Size, Future Trends, Segmentation, Gross Ma …
Transparency Market Research (TMR) has published a new report titled, “CRISPR and Cas Genes Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”. According to the report, the global CRISPR and Cas genes market was valued at US$ 7,234.5 Mn by 2026, expanding at a CAGR of around 20.1% from 2018 to 2026. Increase in applications of CRISPR and Cas gene editing technology in bacteria and usage
More Releases for TMR
LED Work Light Market 2029 | TMR Research
LED Work Light Market: Overview The LED work light market may gain good momentum in terms of growth across the forecast period of 2019-2029 due to the growing demand from residential segments and the overwhelming benefits it provides. These high-intensity light fixtures are mainly used by technicians to assist them in their work temporarily. The use of LED work lights is increasing among many end-users due to benefits like longevity, durability,
Global 3D Animation Market: Snapshot The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023. Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3158 Monolithic ceramics are
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the