The Europe Leak Detection System (LDS) Market in Oil and Gas Industry Is Anticipated to Grow at a CAGR of 0.99 % During 2016-2021
ResearchMoz added Latest Research Report titled " Europe Oil and Gas Pipeline Leak Detection System (LDS) Market 2016-2021: Worldwide Market Size, Shares, Trends, Growth, Survey and Forecast report " to it's Large Report database.
Albany, NY -- (SBWire) -- 03/22/2016 --Increasing pipeline infrastructural investments coupled with high exploration and production activities in oil and gas sector and high consumer demand for energy particularly in the Western Europe, Northern Europe, and Eastern Europe would propel growth in Europe Oil and Gas Pipeline Leak Detection Market.
The Leak Detection System Market in Oil and Gas Industry has been growing at a high rate on account of the shale revolution in the nations. However, Steep decline in the Oil reserves and huge demand for imports by certain countries has created an unstable environment for the oil field services and related industries but the fluctuation in the crude oil prices has proved to be the major growth driver for this industry. Prospective acceleration in recoverable resources alongside increased exploration & production activities majorly in the offshore regions would relatively deescalate the impact of the Steep decline in the Oil reserves in established fields.
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During 2016-21, The Europe Leak Detection System Market in Oil and Gas Industry is anticipated to grow at a CAGR of 0.99 % on account of anticipating low crude oil prices leading to an accelerated demand for cost-effective well intervention methods. Moreover, increase in number of pipelines with newly proposed plans of oil and gas transmission is further anticipated to boost the overall leak detection system market in the coming years.
According to Azoth Analytics research report, Europe Oil and Gas Pipeline Leak Detection System (LDS) Market: Trends, Opportunities and Forecasts (2016-2021) (By Country UK, France, Germany, Netherlands, Spain, Russia, Czech Republic, Hungary, Poland, Ukraine, Norway, Denmark; By Region - Western Europe, Northern Europe, Eastern Europe; Leak Scenarios & Project Economics; Policy & Regulations), Europe Leak Detection System market is projected to exhibit a positive growth during 2016 2021 at a CAGR of 0.99 % wherein market Western Europe, Northern Europe, Eastern Europe is expected to rise.
Western Europe has dominated the revenue contribution share in 2015 and the region is forecast to continue its domination through 2021 on account of high consumption rate from Germany. Russian Federation with high exporting capacity for oil has made Eastern European market for leak detection system to grow during 2016-2021. Few of the leading companies operating in Europe Leak Detection System Market includes PSI AG, Honeywell International Inc., Diakont Advanced Technologies Inc., Siemens Corp etc.
Scope of the Report:
Europe Oil and Gas Pipeline Leak Detection System (LDS) Market: Trends, Opportunities and Forecasts (2016-2021) (By Country UK, France, Germany, Netherlands, Spain, Russia, Czech Republic, Hungary, Poland, Ukraine, Norway, Denmark; By Region - Western Europe, Northern Europe, Eastern Europe; Leak Scenarios & Project Economics; Policy & Regulations analyses the following aspects of oil and gas pipeline leak detection market in Europe:
- Europe Oil and Gas Pipeline Leak Detection System (LDS) Market Size, Share & Forecast
- By Technology - Acoustic Leak Detectors, Fibre Optics, Pressure sensors, Flow meters
- By Country UK, France, Germany, Netherlands, Spain, Russia, Czech Republic, Hungary, Poland, Ukraine, Norway, Denmark;
- By Region - Western Europe, Northern Europe, Eastern Europe
- Leak Scenarios & Project Economics
- Policy & Regulatory Landscape
- Competitive Landscape & Strategic Recommendations
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- To gain an in-depth understanding of Europe Oil and Gas Leak Detection System market.
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