Press release
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
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
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: 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 to Exhibit a Healthy Growth of 6.8% CAGR Between 2016 – 2024 here
News-ID: 791947 • Views: …
More Releases from Transparency Market Research
Global Opioid Induced Constipation Treatment Market Set to Reach USD 5.2 Billion …
The global opioid induced constipation (OIC) treatment market is witnessing steady and sustained growth as healthcare systems worldwide place increasing emphasis on comprehensive pain management and supportive care. Valued at US$ 2.9 billion in 2025, the market is projected to reach US$ 5.2 billion by 2036, expanding at a compound annual growth rate (CAGR) of 5.3% from 2026 to 2036. Growth is primarily fueled by the rising prevalence of chronic…
Pneumatic Flux Chipper Market Expanding at 7.4% CAGR Through 2036 - By Product T …
The global Pneumatic Flux Chipper Market is set to witness sustained and resilient growth over the next decade, underpinned by expanding heavy manufacturing activities, rising welding and fabrication demand, and continuous investments in industrial infrastructure across emerging and developed economies. According to the latest industry analysis, the market was valued at US$ 760.5 Mn in 2025 and is projected to reach US$ 1,680.8 Mn by 2036, expanding at a compound…
AI in Automotive Market Outlook 2036: Global Industry to Surge from US$ 19.8 Bil …
The AI in automotive market is entering a phase of exponential expansion, supported by rapid digitization of vehicles, growing safety mandates, and consumer demand for intelligent mobility. The global market was valued at US$ 19.8 Bn in 2025 and is projected to reach US$ 244.4 Bn by 2036, registering a remarkable CAGR of 27% from 2026 to 2036.
This growth trajectory reflects the transition of automobiles from mechanically driven products to…
Hypodermic Needles Market to Reach US$ 7.9 Billion by 2036 on Rising Injectable …
The global hypodermic needles market was valued at approximately US$ 4.2 billion in 2025 and is projected to reach around US$ 7.9 billion by 2036, expanding at a CAGR of nearly 5.8% from 2026 to 2036, driven by the rising prevalence of diabetes, cancer, and chronic diseases, growing demand for injectable drugs and biologics, and the expansion of global vaccination and immunization programs; increasing adoption of safety-engineered and disposable needles,…
More Releases for TMR
Cancer Diagnostics Market Reviews 2031 | TMR Study
According to a Transparency Market Research (TMR) research report, the global cancer diagnostics Market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 335.7 Bn by the end of 2031.
The study on the cancer diagnostics Market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The authors have…
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,…
Dissolved Gas Analyzer Market 2025 | TMR Research
Global Dissolved Gas Analyzer Market: Overview
The high electrical and thermal stress leads to decomposition of mineral oils used inside a power transformer. This in turn leads to generation of hydrogen (H2), carbon di-oxide (CO2), carbon mono-oxide (CO), methane (CH4), ethylene (C2H4), and acetylene (C2H2) among others. The formation of these gases depends upon the faults in the transformer.
To evaluate the nature of the gases and their potential threats, dissolved gas…
Tumblers Market 2028 | TMR Research
The tumblers market is expected to set growth straight with rising demand for new attractive designs for liquors including alcoholic, and non-alcoholic in emerging region of Asia pacific. The rising disposable income, increasing access to quality products, and new product launches customised to suit the taste of the region promise major growth for the tumblers market in near future.
Download Brochure of This Market Report at - https://www.tmrresearch.com/sample/sample?flag=B&rep_id=6200
Among regions, North America,…
Hyperloop Train Market 2025 | TMR Research
Global Hyperloop Train Market: Snapshot
The global market for hyperloop train is likely to exhibit high-speed expansion in the next few years. The demand for cheap and quick modes of transport that incur low base-costs and are built on easier-to-construct infrastructure, are immune to natural calamities such as earthquakes are the key factors expected to work in favor of the global hyperloop train market.
Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=2000
The…
Crowdsourced Security Market 2018 - 2028 | TMR Research
Crowdsourced Security Market: Overview
The global crowdsourced security market is expected develop at a healthy pace in the coming years of the forecast period of 2018 to 2028. The mobile phone application segment of the crowdsourced security market is expected to develop at a rapid pace in these coming years. The rate of adoption of these mobile application is growing at a great pace and is thus helping the market to…
