Global Oil & Gas Pipeline Leak Detection Market to 2026 - by Type, Internal v/s External, Internal Leak Detection Method, External Leak Detection Method, Application, End-use and Region - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Oil & Gas Pipeline Leak Detection Market" report has been added to ResearchAndMarkets.com's offering.

The Global Oil & Gas Pipeline Leak Detection Market was valued at $2401.32 million in 2020 and is anticipated to grow with a CAGR of 10.21% to reach the value of $4390.43 million by 2026.

Companies Mentioned

• Honeywell International, Inc.
• Atmos International Inc.
• Siemens AG
• FLIR Systems Inc.
• Schneider Electric SA
• Bridger Photonics Inc.
• ClampOn AS, Pentair PLC
• Pure Technologies Ltd.
• Ttk-Leak Detection System
• Yokogawa Electric Corporation

Growing energy requirements, rising offshore & onshore exploration activities in the oil & gas industry, and increasing investments by oil & gas market players to prevent gas leakage are the primary factors driving the growth of the Global Oil & Gas Pipeline Leak Detection Market in the forecast period.

Rising incidences of leakages in pipelines can lead to huge loss of lives and monetary losses, making the market players adopt safety measures during oil & gas exploration activities. The imposition of new guidelines by the Pipeline & Hazardous Materials Safety Administration (PHMSA) for the market players and system operators to maintain the pipeline structure to lower the risk of leakage is expected to fuel the adoption of leak detection systems all over the globe.

Ongoing construction of new pipelines and up-gradation of existing systems is accelerating the adoption of new technologies and equipment to lower the risk while oil & gas exploration activities. Leak detection systems are being actively installed in aging pipeline structures as they exhibit higher chances of leakage, corrosion and therefore need continuous monitoring. However, fluctuations in crude oil prices and difficulty obtaining permission to set up new pipeline projects may hinder the growth of the Global Oil & Gas Pipeline Leak Detection Market in the forecast period.

The Global Oil & Gas Pipeline Leak Detection Market is segmented on the basis of type, internal v/s external, internal leak detection method, external leak detection method, application, end-use, competitional landscape, and regional distribution. Based on the application, the market is bifurcated into onshore and offshore. The onshore segment is expected to hold the largest market share in the forecast period, 2022-2026. Availability of a large number of oil & gas reserves, high demand for natural gas, and the rapid adoption of advanced technologies by the market players are expected to drive the growth of the onshore segment in the forecast period.

Objective of the Study:

• To analyze the historical growth in the market size of the Global Oil & Gas Pipeline Leak Detection Market from 2016 to 2020.
• To estimate and forecast the market size of the Global Oil & Gas Pipeline Leak Detection Market from 2021 to 2026 and growth rate until 2026.
• To classify and forecast the Global Oil & Gas Pipeline Leak Detection Market based on of type, internal v/s external, internal leak detection method, external leak detection method, application, end-use, competitional landscape, and regional distribution.
• To identify the dominant region or segment in the Global Oil & Gas Pipeline Leak Detection Market.
• To identify drivers and challenges for the Global Oil & Gas Pipeline Leak Detection Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Global Oil & Gas Pipeline Leak Detection Market.
• To identify and analyze the profiles of leading players operating in the Global Oil & Gas Pipeline Leak Detection Market.
• To identify key sustainable strategies adopted by the market players in the Global Oil & Gas Pipeline Leak Detection Market.

Key Topics Covered:

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Impact of COVID-19 on Global Oil & Gas Pipeline Leak Detection Market

5. Voice of Customer

5.1. Brand Satisfaction Level

5.2. Major challenges faced by leak detection system providers

5.3. Major factors responsible for leakage in oil & gas pipeline

5.4. Major techniques used for leak detection in oil & gas pipelines

6. Global Oil & Gas Pipeline Leak Detection Market Outlook

7. North America Oil & Gas Pipeline Leak Detection Market Outlook

8. Asia-Pacific Oil & Gas Pipeline Leak Detection Market Outlook

9. Europe Oil & Gas Pipeline Leak Detection Market Outlook

10. South America Oil & Gas Pipeline Leak Detection Market Outlook

11. Middle East & Africa Oil & Gas Pipeline Leak Detection Market Outlook

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

14. Competitive Landscape

14.1. Competition Outlook

14.2. Company Profiles

15. Strategic Recommendations

For more information about this report visit https://www.researchandmarkets.com/r/cmqebp