Another business knowledge report released by Data Bridge Market Research with title “Global Leak Detection Market Status and Forecast (2019-2026) by Region, Product Type and End-Use” has capacities to raise as the most huge market worldwide as it has remained assuming a momentous job in building up dynamic effects on the general economy. The Global Leak Detection Market Report offers vivacious dreams to finish up and study market size, showcase trusts, and focused environment. The examination is inferred through essential and auxiliary measurements sources and it contains both subjective and quantitative enumerating. A portion of the key players profiled in the investigation areHoneywell International Inc., FLIR Systems, Inc., Siemens AG, Synodon Inc., PSI AG, ClampON AS, KROHNE Messtechnik GmbH, Pure Technologies, Pentair PLC., Schneider Electric, SENSIT Technologies, Atmos International, Perma-Pipe, Bridger Photonics Inc., TTK-Leak Detection System, EnergySolutions, RAE Systems, EnTech Engineering and IRT Consult Environmental & Energy Ltdamong others..
The Global Leak Detection Market accounted for USD 2.35 billion in 2016 and is projected to grow at a CAGR of 6.13% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Major Market Competitors:
Some of the major players in global leak detection market include Honeywell International Inc., FLIR Systems, Inc., Siemens AG, Synodon Inc., PSI AG, ClampON AS, KROHNE Messtechnik GmbH, Pure Technologies, Pentair PLC., Schneider Electric, SENSIT Technologies, Atmos International, Perma-Pipe, Bridger Photonics Inc., TTK-Leak Detection System, EnergySolutions, RAE Systems, EnTech Engineering and IRT Consult Environmental & Energy Ltdamong others.
Global Leak Detection Market By Category (Oil, Gas), Product (Fixed, Portable), Technology For Oil (Acoustic/Ultrasonic, Mass/Volume Balance, Fiber Optic, Vapor Sensing Tubes, E-RTTM), Technology For Gas (Acoustic/Ultrasonic, Laser Absorption & Lidar, Cable Based, Statistical & Real Time Monitoring, Vapor Sensing, Flow Monitoring, Thermal Imaging), End User (Upstream, Middle stream, Downstream) – Industry Trends and Forecast to 2024
Leak detection is a method through which occurrence of a leak is determined during corrosion. It can either be in a gaseous or in a liquid form. Both external and internal methods of detection are being available for leak detection such as laser and infrared technology, hydrostatic testing and many more.
The global leak detection market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
- Growth in petrochemical industries and production activities
- Rising incidences of oil and gas leakages
- Strict government regulation and environmental concerns
- Modification of leak detection systems
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On the basis of category, global leak detection market is segmented into oil and gas.
On the basis of product, global leak detection market is segmented into fixed leak detector and portable leak detector.
On the basis of technology for oil, global leak detection market is segmented into acoustic/ultrasonic, mass/volume balance, fiber optic, vapor sensing tubes and extended real time transient model (E-RTTM).
On the basis of technology for gas, global leak detection market is segmented into acoustic/ultrasonic, laser absorption & lidar, cable based, statistical & real time monitoring, vapor sensing, flow monitoring and thermal imaging.
On the basis of end user, global leak detection market is segmented into upstream, middle stream and downstream.
On the basis of geography, the global leak detection market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East and Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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