Global Oil & Gas Pipeline Leak Detection Equipment Market was valued $2.55 Billion in 2018 and is projected to reach $4.26 Billion by 2026; with a CAGR of 6.8% from 2019 to 2026. Pipeline leak detection equipment plays an important role in preventing the leakage of oil and gas. The leakage of oil & gas into the environment prove to be lethal at times and also cause significant damage to the surrounding. According to the data revealed by the High Country News, the pipeline leak incidents occurred in the U.S. injured approximately 500 people, took about 100 lives, and forced thousands of people to evacuation their homes.
Increasing global production of natural gas & oil is supplementing the growth of the oil & gas pipeline leak detection equipment market. In addition, the surging incidents of oil & gas leakage from storage tanks and pipelines have led to a surge in demand for leak detection equipment. Further, the construction of new pipelines and expansion of existing pipelines is anticipated to provide abundant growth opportunities to the oil & gas pipeline leak detection market.
The global oil & gas pipeline leak detection equipment market is segmented by type and technology. The type segment covers oil and gas. The technology segment includes fiber optic sensors, pressure sensors, infra-red detection, flow meters, and others. By geography, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW).
The country-wise analysis has been also covered under the scope of the report. North America covers the U.S., Canada, and Mexico, while Europe covers UK, Germany, France, Italy, and Rest of Europe. China, Japan, India, Korea, and Rest of Asia-Pacific have been analyzed under the Asia-Pacific market. Rest of the world includes Central & South America, the Middle East, and Africa.
The scope of the report covers in-depth analysis of the market in terms of both qualitative and quantitative analysis across the segments as well as cross-sectional analysis of the segments including the geographies and its countries. The market has been analyzed both from demand as well as supply side to come to an accurate scenario. Products across application and application across geographies have been mapped to provide you a precise competitive scenario to have a leading edge in the market.
Key companies operating in this market and their company profile along with the market share analysis and competitive scenario is also the part of the report. Top players in the global Oil & Gas Pipeline Leak Detection Equipment Market are Siemens AG, Honeywell International Inc., PSI AG, FLIR Systems Inc., Perma-Pipe Inc., KROHNE Messtechnik GmbH, Schneider Electric SE, and Atmos International, among others.
The Highlights of the Report
Scope of the Global Oil & Gas Pipeline Leak Detection Equipment Market
• North America
o Rest of Europe
o Rest of Asia-Pacific
• Rest of the World (RoW)
o Central & South America
o The Middle East