Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Oil and Gas Pipeline Leak Detection Equipment Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of around 5.5% during the review period (2022 to 2027).
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 the demand for leak detection systems has increased, as has the requirement for monitoring oil and gas facilities. Neptune Energy, for example, announced in November 2020 that the Adorf Carboniferous development in northwestern Germany would begin producing gas.
The report aspects discussed the profile of the top manufacturers of the global Oil and Gas Pipeline Leak Detection Equipment market. These aspects include financial status of major companies, trending advancements and entire market scenario. Growth of the report have examined Oil and Gas Pipeline Leak Detection Equipment Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.
Industry News:
Honeywell launches automated methane monitoring solution
April 14, 2021: Honeywell (NYSE: HON) today announced it is launching its gas cloud imaging (GCI) system in Europe to provide automated and continuous monitoring for leaks of dangerous and polluting gases such as methane at oil and gas, chemical and power generation facilities across the continent.
By Type, it is segmented into
By Applications it is segmented into
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.
All these factors greatly affect the Oil and Gas Pipeline Leak Detection Equipment market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows,
The Oil and Gas Pipeline Leak Detection Equipment Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Oil and Gas Pipeline Leak Detection Equipment Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes
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Report Details |
Forecast Period 2022 to 2028 CAGR |
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CAGR of 5.5% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies
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| Honeywell International Inc, Pentair PLC, PSI AG, Pure Technologies Ltd, Siemens AG, Atmos International, Clampon, Krohne Group, Perma-Pipe, Schneider Electric |
Regions Covered
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Countries Covered |
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Base Year
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2022 |
Historical Year
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2017 to 2021 |
Forecast Year
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2022 to 2027 |
Number of Pages |
| 132 |
Customization Available
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| Yes, the report can be customized as per your needs |
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
What is the study period of this market?
The Oil and Gas Pipeline Leak Detection Equipment Market is studied from 2017 - 2027.
What is the growth rate of Oil and Gas Pipeline Leak Detection Equipment Market?
The Oil and Gas Pipeline Leak Detection Equipment Market is growing at a CAGR of 5.5% over the next 5 years.
Who are the key players in Oil and Gas Pipeline Leak Detection Equipment Market?
Honeywell International Inc, Pentair PLC, PSI AG, Pure Technologies Ltd, Siemens AG, Atmos International, Clampon, Krohne Group, Perma-Pipe, Schneider Electric
What region does this Oil and Gas Pipeline Leak Detection Equipment Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Oil and Gas Pipeline Leak Detection Equipment Market?
Flow Meters, Infra-red Detection System, Fiber Optic Sensors
What are the major end-use applications of Oil and Gas Pipeline Leak Detection Equipment Market?
Oil Industry, Gas Industry
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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