Pipeline Leak Detection System Market for Oil & Gas Industry – Growth, Future Prospects, Competitive Analysis, and Forecast 2017 – 2025, the Global Pipeline Leak Detection System Market for Oil & Gas Industry has been estimated to be valued at US$ 2.2 Bn by the end of 2017, and is expected to reach US$ 5.2 Bn by 2025, expanding at a CAGR of 6.4% from 2017 to 2025.
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. 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.
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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.
• Merger & Acquisition
• Development of new technologies
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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
1.2.5. 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
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