Global Leak Detection and Repair Market Global Scenario, Market Size, Outlook, Trend, and Forecast, 2020 – 2030

The Global Leak Detection and Repair Market was valued at US$ 19.07 billion in 2021 and is predictable to reach US$ 27.93 billion by 2030 which is projected to attain a CAGR of 4.3 % during the forecast period from 2021- 2030.

Leak detection and repair (LDAR) are the regulations that are placed by the Environment Protection Agency (EPA) by preventing the unintended release of volatile hazardous air pollutants and volatile organic compounds that are being emitted by the leaking equipment such as pumps, connectors, and valves in various industries such as chemical manufacturing and petroleum refining.

Market Dynamics

Increase in the adoption of natural gas-based power plants need for operational & safety efficiency, increase in oil & gas leakages accidents, strict government regulations to restrain methane emission, and implementation of leak detection systems are the prime reasons attributed for the growth of the global leak detection and repair market.

LDAR program is a set of procedures that allows to locate and repair the leaking components to minimize the emissions of volatile compounds and hazardous air pollutants. Numerous gas emission monitoring companies are using Artificial Intelligence (AI) and Machine Learning (ML) for the detection of leaks in their infrastructure more efficiently.

Gas leakage in the oil & gas industry has created a major problem to lose billions of dollars every year. Deep exploration of gases results in a huge number of VOCs. According to the report published by EPA, nearly 71 tons of VOCs are emitted via equipment leakage in the atmosphere and the ratio of leakage is higher than the ratio of storage leakage. Therefore, numerous oils & gas companies are willing to replace the traditional old LDAR systems with technologically advanced LADR systems. However, retrofitting complications pertaining to some leak detection systems and government inclination towards adoption of renewable energy generation projects are the prime reasons restraining the global leak detection and repair market growth during the forecast period. Furthermore, the rise in R&D activities, increase in the oil and gas exploration & production activities across the world, and growing consumption of oil & natural gas are expected to create new opportunities for market growth in the upcoming years.

The Global Leak Detection and Repair Market is segmented by component, technology, product, and region. Based on component, it is categorized into services and equipment. By technology, it bifurcates into optical gas imaging (OGI), ambient/mobile leak monitoring, audio-visual-olfactory inspection, volatile organic compounds (VOC) analyzer, laser absorption spectroscopy, and acoustic leak detection. The product segment is bifurcated into UAV-based detectors, manned aircraft detectors, handheld gas detectors, and vehicle-based detectors. Based on regional insights, the global HVDC leak detection and repair market is categorized into North America (US, Canada, Mexico, Rest of America), Asia Pacific (India, China, Rest of Asia Pacific), Europe (UK, Germany, Russia, Rest of Europe) and Rest of the world (Latin America and Middle East & Africa).

North America accounted for the highest market share owing to strict government regulations & norms and subsidies for the oil & gas industries are anticipated to drive the market growth in the region. Asia Pacific region is anticipated to witness significant growth owing to the rise in demand for oil & natural gas and pipeline expansion for oil & gas in the region.

Prominent players inducing the Global Leak Detection and Repair Market are IBM Thomas J. Watson Research Center, LI-COR Inc., Colorado State University, Maxion Technologies Inc., Physical Sciences Inc., PrecisionHawk, Advisian, Gas Ops Leak Detectives LLC (G.O.L.D. LLC)., Summit Inspections Services Inc., ERM Group Inc., Guardian Compliance, Chicago Bridge & Iron Company N.V., ENCOS Inc., VelocityEHS, Microdrones GmbH, Kairos Aerospace, Aeris Technologies Inc., Bridger Photonics Inc., Duke University, Palo Alto Research Center, Rebellion Photonics, Avitas Systems, SeekOps Inc., Ball Aerospace & Technologies Corp., Guideware Systems LLC., GHD Inc., AECOM, ABB Ltd., Heath Consultants, Team Inc., Picarro Inc., and Boreal Laser Inc. among others

Segmentation and Scope of the Global Leak Detection and Repair Market

Global Leak Detection and Repair Market is segmented by component, technology, product, and region.

By Component

  • Services
  • Equipment

By Technology

  • Optical Gas Imaging (OGI)
  • Ambient/Mobile Leak Monitoring
  • Audio-Visual-Olfactory Inspection
  • Volatile Organic Compounds (VOC) Analyzer
  • Laser Absorption Spectroscopy
  • Acoustic Leak Detection

By Product

  • UAV-Based Detectors
  • Manned Aircraft Detectors
  • Handheld Gas Detectors
  • Vehicle-Based Detectors

By Region

North America

  • US
  • Canada
  • Mexico

Europe

  • UK
  • Germany
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Asia Pacific

  • India
  • China
  • Japan
  • Australia
  • South Korea
  • Rest of Asia Pacific

Rest of World

Middle East & Africa

  • Saudi Arabia
  • South Africa
  • Rest of Middle East & Africa

Latin America

  • Argentina
  • Brazil
  • Rest of Latin America

Prominent players in the Global Leak Detection and Repair Market among other includes

  • IBM Thomas J. Watson Research Center
  • LI-COR Inc.
  • Colorado State University
  • Maxion Technologies Inc.
  • Physical Sciences Inc.
  • PrecisionHawk
  • Advisian
  • Gas Ops Leak Detectives LLC (G.O.L.D. LLC).
  • Summit Inspections Services Inc.
  • ERM Group Inc.
  • Guardian Compliance
  • Chicago Bridge & Iron Company N.V.
  • ENCOS Inc.
  • VelocityEHS
  • Microdrones GmbH
  • Kairos Aerospace
  • Aeris Technologies Inc.
  • Bridger Photonics Inc.
  • Duke University
  • Palo Alto Research Center
  • Rebellion Photonics
  • Avitas Systems
  • SeekOps Inc.
  • Ball Aerospace & Technologies Corp.
  • Guideware Systems LLC.
  • GHD Inc.
  • AECOM
  • ABB Ltd.
  • Heath Consultants
  • Team Inc.
  • Picarro Inc.
  • Boreal Laser Inc.
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