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Published Date: 2017-07-04Number of Pages: 175

Oil and Gas Pipeline Leak Detection Equipment Market (Technology - Mass-Volume Balance, Acoustic/Ultrasonic, Fiber Optics, and Vapor Sensing; Location - Onshore and Offshore; Equipment Type - Flowmeters, Acoustic Sensors, and Cable Sensors) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

Global Oil and Gas Pipeline Leak Detection Equipment Market: Snapshot

The torchbearers in the global oil and gas pipeline leak detection equipment market are leveraging their core business strengths in this highly competitive market. They are also focused on acquisitions to augment their technological strengths in a bid to develop new products. Expansion of product portfolio is another popular growth strategy adopted by key players for increased market share.

Some of the key growth drivers in the global oil and gas pipeline leak detection equipment market are stringent environmental rules regarding handling oil and gas, policies regarding pipeline leakages and obligations on part of pipeline operators to compensate for a leak. The growth of oil and gas pipeline leak detection equipment market can also be attributed to aging pipeline, large number of planned projects for pipeline construction, and increasing number of incidents of pipeline leakages.

As per a report by Transparency Market Research, the global oil and gas pipeline leak detection equipment market to expected to expand at a CAGR of 6.8% for the forecast period between 2016 and 2024. Progressing at this rate, the revenue of the market is projected to be become US$3.65 bn by 2024 increasing from US$2.02 bn in 2015.

oil gas pipeline leak detection equipment market

Acoustic/ultrasonic Technology Segment to emerge at fore due to Economic Reliability

In terms of technology, the oil and gas pipeline leak detection equipment market is segmented into mass-volume balance, fiber optics, acoustic/ultrasonic, vapor sensing, and others. The segment of mass-volume balance, among these, held the leading share of 39.3% of the overall market in 2015. On the other hand, the segment of acoustic/ultrasonic is expected to expand at a significant CAGR over the forecast period due to economic reliability of the technology.

Based on location, the oil and gas pipeline leak detection equipment market is divided into onshore and offshore. Between the two, onshore led the global oil and gas pipeline leak detection equipment market in 2015 and is predicted to account for a significant share over the forecast period.

On the basis of equipment type, flowmeters, cable sensors, acoustic sensors, and others are the segments into which the global oil and gas pipeline leak detection equipment market is divided. Among these, the segment of flowmeters held a significant share in the oil and gas pipeline leak detection equipment market in 2015 and is expected to hold a sizable share over the forecast period.

Planned Pipeline Construction Projects Power Growth in Middle East and Africa

The regional segments into which the global oil and gas pipeline leak detection equipment market is segmented are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is a key regional market due to an extensive network of pipelines in the region. North America contributed the leading revenue of 40% to the overall market in 2015, of which the U.S. stood as the leading contributor.

Europe followed North America in terms of market share in the global market in 2015. However, the regional market of Middle East and Africa is predicted to expand at a rapid pace during the forecast period and display an increased market share between 2015 and 2024. The growth of the Middle East and Africa oil and gas pipeline leak detection equipment market is due to a large number of planned projects for pipeline construction.

The key players in the global oil and gas pipeline leak detection equipment market profiled in this study are Siemens AG, KROHNE Messtechnik GmbH, Schneider Electric SE, Perma-Pipe Inc., FLIR Systems Inc., TTK-Liquid Leak Detection Systems, PSI AG, Honeywell International Inc., ATMOS International, Pentair Thermal Management, Pure Technologies Ltd., and AREVA NP.

Oil and Gas Pipeline Leak Detection Equipment Market: Overview

Oil and gas pipeline leak detection equipment are utilized to detect leaks in the pipelines carrying oil and gas. Due to hazardous nature of oil and gas their transportation through pipelines require extra care and safety. Oil and gas spills can endanger ecology of the area and can adversely affect life in that area. Therefore strict environmental rules and regulations regarding oil and gas have made it necessary for pipeline operators to employ pipeline leak detection systems across the globe. Aging pipeline infrastructure along with planned and under-construction pipeline projects would boost the demand for oil and gas pipeline leak detection equipment. The performance of oil and gas pipeline leak detection equipment is based on parameters such as reliability, sensitivity, and accuracy. A small leak if not detected in time can lead to a huge spill causing damage to environment and resulting in business loss for pipeline operator in terms of leaked oil & gas and compensation to be paid for damaging environment and life. Therefore pipeline operators are installing leak detection equipment in their pipelines at an increasing rate.

Oil and Gas Pipeline Leak Detection Equipment Market: Scope of Study

This study analyzes, estimates, and forecasts the global oil and gas pipeline leak detection equipment market in terms of revenue (US$ Mn) from 2015 to 2024. Market numbers given in the report describe the demand for global oil and gas pipeline leak detection equipment, but not production or supply. The global oil and gas pipeline leak detection equipment report also analyzes several driving and restraining factors and their impact on the market during the forecast period.

The report provides comprehensive analysis of the global oil and gas pipeline leak detection equipment by technology, location, equipment type and regions. It segments the market into technologies such as mass-volume balance, acoustic/ultrasonic, fiber optics, vapor sensing, and others (thermal imaging, real-time transient modeling (RTTM), etc.). It also classifies market into location- onshore and offshore. The report divides the oil and gas pipeline leak detection equipment market based on equipment type such as flowmeters, acoustic sensors, cable sensors, and others (thermal imaging cameras, pressure valves, etc.). The report also segments the oil and gas pipeline leak detection equipment market based on major geographies into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Primary research represents the majority of our research efforts, complemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most consistent, effective, and productive approach for procuring precise market data, recognizing business opportunities, and understanding industry participants’ perceptions.

Secondary research sources that are typically referred to include broker reports, corporation websites, external patented databases, financial reports, stockholder presentations, Securities & Exchange Commission filings, proprietary databases and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market. Secondary sources referred for this study include Association of Oil Pipe Lines (AOPL), Pipeline & Gas Journal, Interstate Natural Gas Association of America (INGAA), Canadian Energy Pipeline Association (CEPA), Hoover’s, Factiva, and company presentations.

Oil and Gas Pipeline Leak Detection Equipment Market: Market Segmentation

Based on the technology, location, equipment type and country, the report analyzes the attractiveness of each segment and country with the help of an attractiveness tool. The study consist of value chain analysis, which offers a better understanding of key companies in the supply chain. Additionally, the study examines market competition through Porter’s Five Forces Analysis.

The report includes an overview of the market share of key companies in the global oil and gas pipeline leak detection equipment market. Market share of companies has been derived on the basis of revenue generated by the companies from the sale of oil and gas pipeline leak detection equipment. Key market players profiled in the study are Siemens AG, PSI AG, KROHNE Messtechnik GmbH, Honeywell International Inc., Schneider Electric SE, ATMOS International, Perma-Pipe Inc., Pentair Thermal Management, FLIR Systems Inc., Pure Technologies Ltd., TTK-Liquid Leak Detection Systems, and AREVA NP.

The report segments the global oil and gas pipeline leak detection equipment market as:

Oil and Gas Pipeline Leak Detection Equipment Market – Technology Analysis

  • Mass-Volume Balance
  • Acoustic/Ultrasonic
  • Fiber Optics
  • Vapor Sensing
  • Others

Oil and Gas Pipeline Leak Detection Equipment Market – Location Analysis

  • Onshore
  • Offshore

Oil and Gas Pipeline Leak Detection Equipment Market – Equipment Type Analysis

  • Flowmeters
  • Acoustic Sensors
  • Cable Sensors
  • Others

Oil and Gas Pipeline Leak Detection Equipment Market - Regional Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific (APAC)
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America (LATAM)
  • Middle East & Africa
    • South Africa
    • Egypt
    • GCC
    • Rest of Middle East & Africa (MEA)


 
 
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