$3.38 Billion Leak Detection Market for Oil & Gas by Technology & Region - Global Forecast to 2022 - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Leak Detection Market for Oil & Gas - Global Forecast to 2022" report to their offering.

The leak detection market for oil and gas was valued at 2.10 billion in 2015 and is expected to reach USD 3.38 billion by 2022, at a CAGR of 6.9% between 2016 and 2022. The growth of this market can be attributed to the increasing incidents of leakages in the oil and gas pipelines and storage tanks at production facilities, development and expansion of existing pipelines and construction of new pipelines, and stringent government regulations pertaining to the implementation of leak detection systems.

The market for the E-RTTM technology is expected to grow at a high rate between 2016 and 2022. This technology provides accurate data on the location of a leakage in a pipeline. The advantages of this technology include its ability to detect small leaks, identify the size of the leakages accurately, and model all dynamic fluid characteristics (flow, pressure, temperature). Moreover, the time it takes to detect of leakages is negligible.

The demand for the acoustic/ultrasonic technology is high because it is cost-effective. The acoustic/ultrasonic technology-based leak detection systems are widely used in single-phase and multi-phase flow pipelines, owing to their advantages such as quick leak detection capabilities, suitable for leak detection in large pipelines, and require simplified sensor and software set up with minimal calibration.

Companies Mentioned:

  • Atmos International
  • Bridger Photonics Inc.
  • Clampon as
  • Flir Systems, Inc.
  • Honeywell International Inc.
  • Krohne Messtechnik GmbH
  • Pentair PLC.
  • Perma-Pipe, Inc.
  • PSI AG
  • Pure Technologies Ltd.
  • Schneider Electric Se.
  • Sensit Technologies LLC.
  • Siemens AG.
  • Synodon Inc.
  • TTK-Leak Detection System

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Leak Detection Market for Oil & Condensate, By Technology

8 Leak Detection Market for Natural Gas, By Technology

9 Leak Detection Market By Geography

10 Competitive Landscape

11 Company Profiles

For more information about this report visit http://www.researchandmarkets.com/research/trmgkj/leak_detection

Contacts

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Laura Wood, Senior Manager
press@researchandmarkets.com
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Related Topics: Oil

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Oil