Global Gas And Oil Pipeline Leak Detector Market Report 2023: Forecast Market Size, Growth Rate And Key Drivers
9 Jun, 2023
The global oil and gas pipeline leak detector market size is expected to grow from $2.81 billion in 2022 to $2.95 billion in 2023 at a compound annual growth rate (CAGR) of 5.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global oil and gas pipeline leak detector market size is expected to reach $3.56 billion in 2027 at a CAGR of 4.8%.
Global Gas And Oil Pipeline Leak Detector Market Key Driver
Increased consumption of oil and gas is likely to drive the growth of the oil and gas pipeline leak detector market. External drilling, production, collection, refining, distribution, and transportation of oil and gas are referred to as oil and gas. Increased oil and gas consumption necessitates the system tracking data such as pressure, flow rates, temperature, and whether valves are open or closed using a variety of sensors.
Get a sample of the global gas and oil pipeline leak detector market reportGlobal Gas And Oil Pipeline Leak Detector Market Segments
The global gas and oil pipeline leak detector market is segmented:
1) By Location: Onshore, Offshore
2) By Medium: Oil And Condensate, Natural Gas
3) By Technology: Acoustic Sensors, Flowmeters, Cable Sensors, Vapor Sensors, Other Technologies
4) By Application: Fiber Optic, Vapor Sensors, Pressure Sensors, Infra-Red Detection, Flowmeters
5) By Geography: The regions covered in the gas and oil pipeline leak detector market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global gas and oil pipeline leak detector market.
Major Gas And Oil Pipeline Leak Detector Industry Players
Schneider Electric SE, Synodon Inc., Siemens AG, FLIR Systems, Atmos International, ClampOn AS, TTK Leak Detection System, Honeywell International Inc., Pentair Plc., PSI AG, Krohne Messtechnik GmbH, Pure Technologies, Perma-Pipe, Laser Diagnostic Instruments AS, Arjay Engineering, Asel-Tech Inc., Yokogawa International Inc., Areva S.A., ABB Ltd.
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Gas And Oil Pipeline Leak Detector Market Overview
Oil and gas pipeline leak detectors, also known as leak sensors or leak detectors, provide an alarm or visual indication of the presence of a leak in a pipe or other system containing liquids or gases. It is used to monitor a system that contains liquids, gases, or other chemicals to verify that the items inside do not escape, leak, or otherwise leave the system.
Gas And Oil Pipeline Leak Detector Global Market Report 2023 provides data on the global gas and oil pipeline leak detector market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The gas and oil pipeline leak detector market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.