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Leak Detection Market for Oil & Gas Forecast to 2020

Press Release   •   Jan 04, 2018 12:43 IST

Leak detection is the system which is used to detect leaks in the pipelines and assist the pipeline controllers in identifying the leaks. Leak detection system provides an alarm when there is a leak in the pipeline and display the other related information to the pipeline controllers, in order help in decision making. The leak detection market for oil & gas is expected to witness considerable growth in the near future due to increasing demand of oil & gas throughout the globe.

The report also provides the geographic view for major regions — North America, South & Central America, Europe, Asia-Pacific (APAC), Middle East and Africa. This report covers the drivers, restraints, opportunities and challenges of leak detection market for oil & gas. North America is the largest market for leak detection and is also expected to grow at the highest CAGR between 2015 and 2020. Major players involved in this market are Honeywell International Inc. (U.S.), PSI AG (Germany), Perma-Pipe Inc. (U.S.), Atmos International (U.K.), TTK (France), ClampOn AS (Norway), Pentair Ltd. (U.K.), Pure Technologies Ltd. (Canada), Siemens Ag. (Germany), Krohne Group (Germany), and Schneider Electric S.E. (France).

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Key Takeaways:
• Leak detection market for oil & gas is expected to grow at a CAGR of 7.1% between 2015 and 2020.
• This report includes the market statistics pertaining to type, technology, and geography along with their respective revenues.
• The Porter’s five forces framework has been utilized along with the value chain analysis to provide an in-depth insight into the leak detection market for oil & gas.
• Major drivers, restraints, opportunities, and challenges for the leak detection market for oil & gas have been detailed in this report.
• Illustrative segmentation, analysis, and forecast for the markets based on type, technology, and geography have been conducted to give an overall view of the leak detection market for oil & gas.

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