Pune, India -- (SBWIRE) -- 05/14/2018 -- Global Leak Detection Market with figures as recent as 2018 and forecasts up to 2024 provides an overview of the industry including its definition, size, share, growth, applications and manufacturing technology. Report also explores the major industry players in detail as well as company profile, product specifications, capacity and production value. Pipeline leak detection is used to determine if and in some cases where a leak has occurred in systems which contain liquids and gases. Methods of detection include hydrostatic testing, infrared, and laser technology after pipeline erection and leak detection during service.
Global Leak Detection Market By Category (Oil, Gas), Product (Fixed, Portable), Technology For Oil (Acoustic/Ultrasonic, Mass/Volume Balance, Fiber Optic, Vapor Sensing Tubes, E-RTTM), Technology For Gas (Acoustic/Ultrasonic, Laser Absorption & Lidar, Cable Based, Statistical & Real Time Monitoring, Vapor Sensing, Flow Monitoring, Thermal Imaging), End User (Upstream, Middle stream, Downstream) – Industry Trends and Forecast to 2024
Request for a sample copy of this research report@ http://databridgemarketresearch.com/request-a-sample/?dbmr=global-leak-detection-market
The Global Leak Detection Market accounted for USD 2.35 billion in 2016 and is projected to grow at a CAGR of 6.13% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Market Definition:
Leak detection is a method through which occurrence of a leak is determined during corrosion. It can either be in a gaseous or in a liquid form. Both external and internal methods of detection are being available for leak detection such as laser and infrared technology, hydrostatic testing and many more.
Market Drivers:
- Growth in petrochemical industries and production activities
- Rising incidences of oil and gas leakages
- Strict government regulation and environmental concerns
Market Restraint:
- Modification of leak detection systems
Market Segmentation:
On the basis of category:- Oil and gas.
On the basis of product:- fixed leak detector and portable leak detector.
On the basis of technology for oil:- Acoustic/ultrasonic, mass/volume balance, fiber optic, vapor sensing tubes and extended real time transient model (E-RTTM).
On the basis of technology for gas:- Acoustic/ultrasonic, laser absorption & lidar, cable based, statistical & real time monitoring, vapor sensing, flow monitoring and thermal imaging.
On the basis of end user:- Upstream, middle stream and downstream.
On the basis of geography:- North America, South America, Europe, Asia-Pacific and Middle East and Africa.
Speak to our experts @ http://databridgemarketresearch.com/speak-to-analyst/?dbmr=global-leak-detection-market
Competitive Analysis:
The global leak detection market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
Major Market Competitors:
- Honeywell International Inc.,
- FLIR Systems, Inc.,
- Siemens AG,
- Synodon Inc.,
- PSI AG,
- ClampON AS,
- KROHNE Messtechnik GmbH,
- Pure Technologies,
- Pentair PLC.,
- Schneider Electric,
- SENSIT Technologies,
- Atmos International,
- Perma-Pipe,
- Bridger Photonics Inc.,
- TTK-Leak Detection System,
- EnergySolutions,
- RAE Systems,
- EnTech Engineering and IRT Consult Environmental & Energy Ltd
- Among others.
Read more about this Report @ http://databridgemarketresearch.com/reports/global-leak-detection-market/
About Data Bridge Market Research
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Contact:
Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearch.com