The global leak detection market was valued at US$ 902.7 Mn in 2020 and is expected to reach US$ 1373.7 Mn by 2030. Leak detection market participants include Siemens AG, Honeywell International Inc., Baker Hughes, Inc., Krohne Group, Schneider Electric, Ziebel A.S., Future Fibre Technologies Ltd., Fotech Solutions Ltd., Omnisens S.A., Silixa Ltd. Schlumberger Limited, TGT and amongst others
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A leak is an opening for fluid so as to escape from a container or fluid-containing system, through which the contents of the container can flow away. Leaks are generally accidental and undesired. Growing concern for water conservation along with escalating demand for leak detection systems is propelling growth in the global market.
Leak Detection Market Size, By Region
Some of the major factors responsible for the growing use of leak detection equipment for safe and economical operations is the rising focus on environmental concerns and government regulations, increasing need for monitoring, reduction of harmful emissions and highly combustible nature of petrochemicals. The global market for leak detection can be categorized on the basis of technology, product type and geography.
Leak Detection Market, by Technology
By technology, the market is bifurcated into fiber optic leak detection (distributed temperature sensing (DTS), distributed acoustic sensing (DAS)), vapour-sensing tubes, enhanced real-time transient mode (E-RTTM), acoustic pressure waves. Among which acoustic technology is expected to lead the leak detection market. These technologies-based leak detection systems are widely used in single-phase and multi-phase flow pipelines, with expertise in quick leak detection capabilities, which are suitable for leak detection in large pipelines, and require simplified sensor and software set up with minimal calibration.
Leak Detection Market, by Region
North America accounted for the largest share of the global market. The increasing oil and gas production in the U.S. and Canada are boosting the number of pipeline infrastructure projects in North America, thereby driving the growth of the market for oil and gas in this region. Also, government regulations in the U.S. to implement leak detection systems in oil and gas pipelines for ensuring pipeline safety and mitigating the rising environmental concerns. This has boosted the demand for oil and gas leak detection systems.
Leak Detection Market research added by Absolute Markets Insights, offers a comprehensive analysis of the growth trends prevailing in the global business arena. This report also provides definitive data regarding the market, size, marketing aspects, and revenue forecast of the industry. In addition, the study explicitly highlights the competitive status of major players in the projection schedule while focusing on their portfolio and regional expansion efforts.
The Global Leak Detection Market Analysis to 2030 is a specialized and in-depth study of the Technology, Media, and Telecommunications industry, with an emphasis especially on the analysis of global market trends. The report aims to provide an overview of the enterprise content delivery networks and enterprise streaming software market with detailed market segmentation by component, type of deployment, industry vertical, and geography. The global market for enterprise content delivery networks and enterprise streaming software is expected to witness high growth during the forecast period.
The overall turnover of the companies / segments for the years 2021, 2020 and 2019 is provided in the sub-heading “Financial performance” (listed companies) with the analysis and explanation of the increase or decrease. decrease in these due to factors such as mergers and acquisitions, profit or loss of any strategic business unit (SBU) and others.
Information relating to new product launches, strategic collaboration, mergers and acquisitions, regulatory approval and other company developments in the market is covered in the strategic initiatives section.
Leak Detection Market: Regional analysis includes:
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- North America (United States, Mexico and Canada.)
- South America (Brazil etc.)
- The Middle East and Africa (GCC countries and Egypt.)
This research provides detailed information on the major factors influencing the Leak Detection market growth on a global and regional level (drivers, restraints, opportunities and challenges), forecast of market size, in terms of value, market share by region and segment; regional market positions; growth opportunities by segment and by country, strengths and weaknesses, brand portfolio; Marketing and distribution strategies; challenges and threats of current competition and prospects; Key Company Profiles, SWOTs and Growth Strategies.
The Leak Detection market research covers a comprehensive analysis of the following data:
• Historical and future growth of the Global Leak Detection market.
• Segmentation of enterprise content delivery network and enterprise streaming software market to highlight the growth prospects and trends impacting these segments.
• Change the consumption behavior of customers in different regions.
• Regional analysis on the basis of market share, growth prospects and key countries.
• Agreements, product launches, acquisitions and R&D projects of various players in the enterprise content delivery networks and enterprise streaming software market.
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