Global Leak Detection And Repair Market Outlook, Opportunities And Strategies – Includes Leak Detection And Repair Market Growth
Learn about the global leak detection and repair market through The Business Research Company, which provides information on leak detection and repair market size, leak detection and repair market drivers and restraints, leak detection and repair market players, the COVID-19 impact on the leak detection and repair market, and more.
The global leak detection and repair market size is expected to grow from $14.63 billion in 2021 to $15.52 billion in 2022 at a compound annual growth rate (CAGR) of 6.1%. The leak detection and repairs market is expected to grow to $20.5 billion in 2026 at a CAGR of 7.2%.
The increasing oil and gas pipeline infrastructure is driving the growth of the leak detection and repair market.
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The leak detection and repair market consist of sales of leak detection and repair services and related goods by entities (organizations, sole traders, partnerships) that refer to the design to identify leaking equipment and repair to reduce the leakage. Its goal is to prevent and eliminate unwanted liquid and gas emissions. A leak detection and repair system help reduce volatile hazardous air pollutants (VHAP) and volatile organic compounds (VOC).
Global Leak Detection And Repair Market Segments Include:
By Component: Equipment, Services
By Product: Handheld Gas Detectors, UAV-Based Detectors, Vehicle-Based Detectors, Manned Aircraft Detectors
By Technology: Volatile Organic Compounds (VOC) Analyzer, Optical Gas Imaging (OGI), Laser Absorption Spectroscopy, Ambient/Mobile Leak Monitoring, Acoustic Leak Detection, Audio-Visual-Olfactory Inspection
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the leak detection and repair market in 2021.
Technological advancement is a key trend gaining popularity in the leak detection and repair market. Many companies are launching new and innovative products with new technologies to provide an enhanced experience to their customers.
TBRC’s leak detection and repair market report covers:
Major Market Players: Aeris Technologies Inc., Bridger Photonics Inc., LI-COR Inc., Rebellion Photonics, Avitas Systems, PrecisionHawk, SeekOps Inc., Advisian, Gas Ops Leak Detectives LLC, Guideware Systems LLC., Summit Inspections Services Inc., ERM Group Inc., ENCOS Inc., Picarro Inc., Microdrones GmbH, Kairos Aerospace, Maxion Technologies Inc., and Physical Sciences Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Leak Detection And Repair Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides leak detection and repair market overviews, analyzes and forecasts market size, share, leak detection and repair market players, leak detection and repair market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s leak detection and repair market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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