Oil & Gas Pipeline Leak Detection Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)
The global oil & gas pipeline leak detection market is expected to witness rapid growth in the coming years as stakeholders actively invest in next-generation technologies to address pipeline leakage challenges. Leakage in oil or gas pipelines can have severe consequences for the surrounding areas and result in significant financial losses for organizations. The Environmental Protection Agency (EPA) reports that over 1.4% of natural gas is lost due to leaks, leading to a total loss of USD 1.8 billion in 2019 alone. To overcome these challenges, industry stakeholders are increasing their investments in advanced pipeline leak detection systems, driving the growth of the market.
Stringent Environmental Norms Propel Market Maturity
The oil & gas industry involves colossal investments, and even a small percentage of resource wastage can result in billions of dollars in losses. Moreover, the industry is under increasing scrutiny from environmental agencies to limit carbon emissions and minimize environmental damage. This has prompted the industry to invest in robust leak-proofing technologies. Governments worldwide have proposed stringent regulations to ensure minimal risk of leakage. Such a business environment is expected to drive the global oil & gas pipeline leak detection market towards maturity during the forecast period.
Acoustic/Ultrasonic Solutions Unlock Growth Opportunities
To comply with stringent environmental norms, market players in the oil & gas industry are intensifying their research and development efforts to develop reliable leak-proof systems. Acoustic/ultrasonic technologies are expected to play a significant role in meeting the demand for leak detection. These technologies are being utilized in single-phase and multiple-phase flow pipelines and employ sophisticated methodologies for quick leak detection. Acoustic/ultrasonic systems are suitable for detecting leaks in large pipelines and require straightforward software and sensor setups. The effectiveness of these systems is expected to drive their adoption and create lucrative opportunities in the global oil & gas pipeline leak detection market.
North America to Lead with Vibrant Exploration Activities
North America is expected to lead the global oil & gas pipeline leak detection market in the foreseeable future. The region is witnessing rapid growth in oil & gas exploration activities, driven by the soaring energy demand. This sustained demand for advanced leak detection technologies in onshore and offshore exploration efforts contributes to North America's market leadership. Additionally, Asia Pacific is poised to experience the fastest growth rates due to promising developments in the regional energy sector.
Leading Market Players
Prominent players in the global oil & gas pipeline leak detection market include Siemens AG, Honeywell International Inc, Atmos International, Krohne, ClampOn AS, TTK Leak Detection System, PSI AG, FLIR International, Messtechnik GmbH, Schneider Electric SE, Synodon Inc, Perma-pipe Inc, Laser Diagnostic Instrument, Bridger Photonics Inc, and Arjay Engineering.Please note: the PDF e-mail from publisher version of this report is for a global site license.
- 1. Executive Summary
- 1.1. Global Oil & Gas Pipeline Leak Detection Market Snapshot
- 1.2. Key Market Trends
- 1.3. Future Projections
- 1.4. Analyst Recommendations
- 2. Market Overview
- 2.1. Market Definitions and Segmentations
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.1.1. Driver A
- 2.2.1.2. Driver B
- 2.2.1.3. Driver C
- 2.2.2. Restraints
- 2.2.2.1. Restraint 1
- 2.2.2.2. Restraint 2
- 2.2.3. Market Opportunities Matrix
- 2.3. Value Chain Analysis
- 2.4. Porter’s Five Forces Analysis
- 2.5. Covid-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
- 2.6. Government Regulations and Polices
- 2.7. Oil & Gas Reserve Landscape
- 2.8. Oil & Gas Leak Detection Technology Assessment
- 2.9. Economic Analysis
- 2.10. PESTLE
- 3. Global Oil & Gas Pipeline Leak Detection Market Outlook, 2018 - 2030
- 3.1. Global Oil & Gas Pipeline Leak Detection Market Outlook, by Technology, Value (US$ Mn), 2018 - 2030
- 3.1.1. Key Highlights
- 3.1.1.1. Acoustic/Ultrasonic Sensors
- 3.1.1.2. Infrared
- 3.1.1.3. Hydrocarbon Sensing Cables
- 3.1.1.4. Fiber Optic
- 3.1.1.5. E-RTTM
- 3.1.1.6. Misc. (RTTM, Negative Pressure Wave, etc.)
- 3.2. Global Oil & Gas Pipeline Leak Detection Market Outlook, by Site, Value (US$ Mn), 2018 - 2030
- 3.2.1. Key Highlights
- 3.2.1.1. Transmission Pipeline-Onshore
- 3.2.1.2. Gathering Lines
- 3.2.1.3. Transmission Pipeline-Subsea
- 3.2.1.4. Flowlines
- 3.2.1.5. Onshore Platform
- 3.2.1.6. Offshore Platform
- 3.2.1.7. Misc.
- 3.3. Global Oil & Gas Pipeline Leak Detection Market Outlook, by Region, Value (US$ Mn), 2018 - 2030
- 3.3.1. Key Highlights
- 3.3.1.1. North America
- 3.3.1.2. Europe
- 3.3.1.3. Asia Pacific
- 3.3.1.4. Latin America
- 3.3.1.5. Middle East & Africa
- 3.3.2. BPS Analysis/Market Attractiveness Analysis
- 4. North America Oil & Gas Pipeline Leak Detection Market Outlook, 2018 - 2030
- 4.1. North America Oil & Gas Pipeline Leak Detection Market Outlook, by Technology, Value (US$ Mn), 2018 - 2030
- 4.1.1. Key Highlights
- 4.1.1.1. Acoustic/Ultrasonic Sensors
- 4.1.1.2. Infrared
- 4.1.1.3. Hydrocarbon Sensing Cables
- 4.1.1.4. Fiber Optic
- 4.1.1.5. E-RTTM
- 4.1.1.6. Misc. (RTTM, Negative Pressure Wave, etc.)
- 4.2. North America Oil & Gas Pipeline Leak Detection Market Outlook, by Site, Value (US$ Mn), 2018 - 2030
- 4.2.1. Key Highlights
- 4.2.1.1. Transmission Pipeline-Onshore
- 4.2.1.2. Gathering Lines
- 4.2.1.3. Transmission Pipeline-Subsea
- 4.2.1.4. Flowlines
- 4.2.1.5. Onshore Platform
- 4.2.1.6. Offshore Platform
- 4.2.1.7. Misc.
- 4.3. North America Oil & Gas Pipeline Leak Detection Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 4.3.1. Key Highlights
- 4.3.1.1. U.S.
- 4.3.1.2. Canada
- 4.3.2. BPS Analysis/Market Attractiveness Analysis
- 5. Europe Oil & Gas Pipeline Leak Detection Market Outlook, 2018 - 2030
- 5.1. Europe Oil & Gas Pipeline Leak Detection Market Outlook, by Technology, Value (US$ Mn), 2018 - 2030
- 5.1.1. Key Highlights
- 5.1.1.1. Acoustic/Ultrasonic Sensors
- 5.1.1.2. Infrared
- 5.1.1.3. Hydrocarbon Sensing Cables
- 5.1.1.4. Fiber Optic
- 5.1.1.5. E-RTTM
- 5.1.1.6. Misc. (RTTM, Negative Pressure Wave, etc.)
- 5.2. Europe Oil & Gas Pipeline Leak Detection Market Outlook, by Site, Value (US$ Mn), 2018 - 2030
- 5.2.1. Key Highlights
- 5.2.1.1. Transmission Pipeline-Onshore
- 5.2.1.2. Gathering Lines
- 5.2.1.3. Transmission Pipeline-Subsea
- 5.2.1.4. Flowlines
- 5.2.1.5. Onshore Platform
- 5.2.1.6. Offshore Platform
- 5.2.1.7. Misc.
- 5.3. Europe Oil & Gas Pipeline Leak Detection Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 5.3.1. Key Highlights
- 5.3.1.1. Germany
- 5.3.1.2. France
- 5.3.1.3. U.K.
- 5.3.1.4. Norway
- 5.3.1.5. Russia
- 5.3.1.6. Rest of Europe
- 5.3.2. BPS Analysis/Market Attractiveness Analysis
- 6. Asia Pacific Oil & Gas Pipeline Leak Detection Market Outlook, 2018 - 2030
- 6.1. Asia Pacific Oil & Gas Pipeline Leak Detection Market Outlook, by Technology, Value (US$ Mn), 2018 - 2030
- 6.1.1. Key Highlights
- 6.1.1.1. Acoustic/Ultrasonic Sensors
- 6.1.1.2. Infrared
- 6.1.1.3. Hydrocarbon Sensing Cables
- 6.1.1.4. Fiber Optic
- 6.1.1.5. E-RTTM
- 6.1.1.6. Misc. (RTTM, Negative Pressure Wave, etc.)
- 6.2. Asia Pacific Oil & Gas Pipeline Leak Detection Market Outlook, by Site, Value (US$ Mn), 2018 - 2030
- 6.2.1. Key Highlights
- 6.2.1.1. Transmission Pipeline-Onshore
- 6.2.1.2. Gathering Lines
- 6.2.1.3. Transmission Pipeline-Subsea
- 6.2.1.4. Flowlines
- 6.2.1.5. Onshore Platform
- 6.2.1.6. Offshore Platform
- 6.2.1.7. Misc.
- 6.3. Asia Pacific Oil & Gas Pipeline Leak Detection Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 6.3.1. Key Highlights
- 6.3.1.1. China
- 6.3.1.2. India
- 6.3.1.3. Vietnam
- 6.3.1.4. Malaysia
- 6.3.1.5. Rest of Asia Pacific
- 6.3.2. BPS Analysis/Market Attractiveness Analysis
- 7. Latin America Oil & Gas Pipeline Leak Detection Market Outlook, 2018 - 2030
- 7.1. Latin America Oil & Gas Pipeline Leak Detection Market Outlook, by Technology, Value (US$ Mn), 2018 - 2030
- 7.1.1. Key Highlights
- 7.1.1.1. Acoustic/Ultrasonic Sensors
- 7.1.1.2. Infrared
- 7.1.1.3. Hydrocarbon Sensing Cables
- 7.1.1.4. Fiber Optic
- 7.1.1.5. E-RTTM
- 7.1.1.6. Misc. (RTTM, Negative Pressure Wave, etc.)
- 7.2. Latin America Oil & Gas Pipeline Leak Detection Market Outlook, by Site, Value (US$ Mn), 2018 - 2030
- 7.2.1. Key Highlights
- 7.2.1.1. Transmission Pipeline-Onshore
- 7.2.1.2. Gathering Lines
- 7.2.1.3. Transmission Pipeline-Subsea
- 7.2.1.4. Flowlines
- 7.2.1.5. Onshore Platform
- 7.2.1.6. Offshore Platform
- 7.2.1.7. Misc.
- 7.3. Latin America Oil & Gas Pipeline Leak Detection Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 7.3.1. Key Highlights
- 7.3.1.1. Brazil
- 7.3.1.2. Mexico
- 7.3.1.3. Rest of Latin America
- 7.3.2. BPS Analysis/Market Attractiveness Analysis
- 8. Middle East & Africa Oil & Gas Pipeline Leak Detection Market Outlook, 2018 - 2030
- 8.1. Middle East & Africa Oil & Gas Pipeline Leak Detection Market Outlook, by Technology, Value (US$ Mn), 2018 - 2030
- 8.1.1. Key Highlights
- 8.1.1.1. Acoustic/Ultrasonic Sensors
- 8.1.1.2. Infrared
- 8.1.1.3. Hydrocarbon Sensing Cables
- 8.1.1.4. Fiber Optic
- 8.1.1.5. E-RTTM
- 8.1.1.6. Misc. (RTTM, Negative Pressure Wave, etc.)
- 8.2. Middle East & Africa Oil & Gas Pipeline Leak Detection Market Outlook, by Site, Value (US$ Mn), 2018 - 2030
- 8.2.1. Key Highlights
- 8.2.1.1. Transmission Pipeline-Onshore
- 8.2.1.2. Gathering Lines
- 8.2.1.3. Transmission Pipeline-Subsea
- 8.2.1.4. Flowlines
- 8.2.1.5. Onshore Platform
- 8.2.1.6. Offshore Platform
- 8.2.1.7. Misc.
- 8.3. Middle East & Africa Oil & Gas Pipeline Leak Detection Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 8.3.1. Key Highlights
- 8.3.1.1. GCC
- 8.3.1.2. Iran
- 8.3.1.3. Nigeria
- 8.3.1.4. Rest of Middle East & Africa
- 8.3.2. BPS Analysis/Market Attractiveness Analysis
- 9. Competitive Landscape
- 9.1. Company Market Share Analysis, 2022
- 9.2. Competitive Dashboard
- 9.3. Product vs Application Heatmap
- 9.4. Company Profiles
- 9.4.1. Siemens AG
- 9.4.1.1. Company Overview
- 9.4.1.2. Product Portfolio
- 9.4.1.3. Financial Overview
- 9.4.1.4. Business Strategies and Development
- 9.4.2. Honeywell International, Inc.
- 9.4.3. Schneider Electric SA
- 9.4.4. SENSIT Technologies
- 9.4.5. Atmos International Inc.
- 9.4.6. Pentair Plc
- 9.4.7. Teledyne FLIR LLC
- 9.4.8. TTK Leak Detection
- 9.4.9. Bridger Photonics Inc.
- 9.4.10. Sensornet
- 9.4.11. Yokogawa Electric Corporation
- 9.4.12. AVEVA Group plc
- 9.4.13. Emerson Electric Co.
- 9.4.14. Saudi Aramco
- 10. Appendix
- 10.1. Research Methodology
- 10.2. Report Assumptions
- 10.3. Acronyms and Abbreviations
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