The Global Pipeline Leak Detection System Market for Oil & Gas Industry has been estimated to be valued at US$ 2.1 Bn by the end of 2016, and is expected to reach US$ 3.2 Bn by 2023, expanding at a CAGR of 6.4% from 2016 to 2023.
Market Insights:
Global leak detection system market is expected to gain momentum with growing pipeline network and increasing demand for fossil fuels. Advancement in technology has facilitated the pipeline operators to remote monitoring of pipeline operations. Global pipeline network is about 3.5 million kilometers which is responsible for movement of oil & gas products across the globe. Pipelines are considered to be the safest and the most efficient mode of transportation of hydrocarbons as they are hazardous in nature and any spillage or leakage can results in huge loss to the product owner as well as to the environment.
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Leakage is considered as the most common problem in pipeline operations which not only results in product loss but also can results accidents with huge potential to damage nearby environment. Recent accident happened in recent past such as explosion in gas pipeline in Minnesota, U.S., and eruption of natural gas pipeline in Nebraska in 2014 has bought in legislation for the pipeline carrying hazardous products to mandatory have leak detection system. Thus, global leak detection system market for oil & gas industry is anticipated to driven by factors such as increasing natural gas production, increasing trade of oil & gas products coupled with growing pipeline infrastructure and associated regulatory policies. However, volatile oil prices restricting cash flow of the oil producers which is likely have a negative impact on upcoming pipeline project which in turn is expected to restrain the demand for pipeline leak detection system in oil & gas industry.
Competitive Insights:
Global leak detection system market for oil & gas industry is segmented on the basis of technology, product type and geography. By technology, negative pressure wave segment is projected to be the most dominant segment due to easy installation along with low installation cost. Considering segment product type, the natural gas segment to be the largest segment over the forecast period (2016-2023) owing to increasing production of shale gas coupled with growing increasing number of gas based economies. The key players in the market are focusing on research & development of new technologies to enhance accuracy of their products.
Overall, global pipeline leak detection system market is projected to register significant growth over the forecast period (2016-2023).
Key Trends:
- Merger & Acquisition
- Development of new technologies
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ToC:
1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted
2. Executive Summary
2.1. Global Pipeline Leak Detection System Market for Oil & Gas Industry Snapshot
2.1.1. Global Pipeline Leak Detection System Market for Oil & Gas Industry (US$ Mn), by Technology, 2016
2.1.2. Global Pipeline Leak Detection System Market for Oil & Gas Industry (US$ Mn), by Product Type, 2016
2.1.3. Global Pipeline Leak Detection System Market for Oil & Gas Industry (US$ Mn), by Geography, 2016
3. Global Pipeline Leak Detection System Market for Oil & Gas Industry Dynamics
3.1. Market Overview
3.2. Value Chain Analysis
3.3. Drivers
3.4. Challenges
3.5. Future Prospects
3.6. Impact Analysis of Drivers and Challenges During the Forecast Period (2016-2023)
4. Global Pipeline Leak Detection System Market for Oil & Gas Industry Size (US$ Mn), By Technology, 2013 – 2023
4.1. Overview
4.1.1. YOY growth comparison by Technology during the forecast period (2016-2023)
4.1.2. Market Share Analysis by Technology
4.2. Negative Pressure Wave
4.3. E-RTTM
4.4. Fiber Optic Cables
4.5. Vapor Sensing Tubes
4.6. Mass-Volume Balance Method
4.7. Others (Infrared Radiometer, Thermal Cameras)
4.8. Attractive Investment Proportion by Technology
5. Global Pipeline Leak Detection System Market for Oil & Gas Industry Size (US$ Mn), By Product Type, 2013 – 2023
5.1. Overview
5.1.1. YOY growth comparison by Product Type during the forecast period (2016-2023)
5.1.2. Market Share Analysis by Product Type
5.2. Natural Gas
5.3. Crude Oil
5.4. Petroleum Products (White Oils)
5.5. Attractive Investment Proportion by Product Type
6. Global Pipeline Leak Detection System Market for Oil & Gas Industry Size (US$ Mn), By Geography, 2013 – 2023
6.1. Overview
6.1.1. YOY growth comparison by Geography during the forecast period (2016-2023)
6.1.2. Market Share Analysis by Geography
6.1.3. Attractive Investment Proportion by Geography
6.2. North America Pipeline Leak Detection System Market for Oil & Gas Industry Analysis (US$ Mn), 2013 – 2023
6.2.1. North America Pipeline Leak Detection System Market Size (US$ Mn), By Country, 2013 – 2023
6.2.1.1. U.S.
6.2.1.2. Canada
6.3. Europe Pipeline Leak Detection System Market for Oil & Gas Industry Analysis (US$ Mn), 2013 – 2023
6.3.1. Europe Pipeline Leak Detection System Market Size (US$ Mn), By Country, 2013 – 2023
6.3.1.1. U.K.
6.3.1.2. France
6.3.1.3. Russia
6.3.1.4. Rest of Europe
6.4. Asia Pacific Pipeline Leak Detection System Market for Oil & Gas Industry Analysis (US$ Mn), 2013 – 2023
6.4.1. Asia Pacific Pipeline Leak Detection System Market Size (US$ Mn), By Country, 2013 – 2023
6.4.1.1. China
6.4.1.2. Japan
6.4.1.3. Rest of Asia Pacific
6.5. Middle East & Africa (MEA) Pipeline Leak Detection System Market for Oil & Gas Industry Analysis (US$ Mn), 2013 – 2023
6.5.1. MEA Pipeline Leak Detection System Market Size (US$ Mn), By Country, 2013 – 2023
6.5.1.1. GCC
6.5.1.2. Rest of MEA
6.6. Latin America Pipeline Leak Detection System Market for Oil & Gas Industry Analysis (US$ Mn), 2013 – 2023
6.6.1. Latin America Pipeline Leak Detection System Market Size (US$ Mn), By Country, 2013 – 2023
6.6.1.1. Brazil
6.6.1.2. Mexico
6.6.1.3. Rest of MEA
7. Company Profiles
7.1. Competitive Dashboard
7.2. Key Pipeline Leak Detection System Providers
7.2.1. Pure Technologies
7.2.1.1. Business Description
7.2.1.2. Financial Information
7.2.1.3. Product Positions/Portfolio
7.2.1.4. Key Developments
7.2.2. General Electric
7.2.3. Honeywell International Inc
7.2.4. Perma-Pipe Inc.
7.2.5. Schneider Electric
7.2.6. Hifi Engineering Inc.
7.2.7. Siemens AG
7.2.8. Atmos International (Atmos)
7.2.9. Pentair plc
7.2.10. Other notable players
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