gas and oil pipeline leak detector Market
Machinery

Insights Into The Gas And Oil Pipeline Leak Detector Market’s Growth Opportunities Through 2023-2032 – Includes Gas And Oil Pipeline Leak Detector Market Share

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

 

An increase in oil and gas consumption is likely to stimulate innovation in the manufacture of gas and oil pipeline leak detectors, propelling the market during the forecast period.

 

The global gas and oil pipeline leak detector market 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 global oil and gas pipeline leak detector market size is expected to reach $3.56 billion in 2027 at a CAGR of 4.8%.

 

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Global Gas And Oil Pipeline Leak Detector Market Segments Include:

  • By Location: Onshore, Offshore
  • By Medium: Oil And Condensate, Natural Gas
  • By Technology: Acoustic Sensors, Flowmeters, Cable Sensors, Vapor Sensors, Other Technologies
  • By Application: Fiber Optic, Vapor Sensors, Pressure Sensors, Infra-Red Detection, Flowmeters
  • 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 is the largest region in the global gas and oil pipeline leak detector market in 2021.

 

Major Market Players in the gas and oil pipeline leak detector market include Schneider Electric SE, Synodon Inc., Siemens AG, FLIR Systems, Atmos International, ClampOn AS, TTK Leak Detection System, Honeywell International Inc., Pentair Plc.

 

The primary trend gaining traction in the oil and gas pipeline leak detection market is technological advancement. Major players in the oil and gas pipeline leak detector market are focusing on producing innovative products to strengthen their market position. For example, Hawk Measurement Systems, a US-based firm that manufactures level measurement and pipeline flows, will debut the Praetorian System for continuous real-time monitoring of oil and gas pipeline infrastructure in November 2022. Fibre Optic Sensing (FOS) technology is used in HAWK’s Praetorian System, in which Fibre Optic Cable is placed along the pipeline and detects changes in sound, stress, temperature, or vibration, allowing the system to cross-reference and delete spurious signals and uses temperature and vibration (multi-variable sensing) to positively identify the pipeline.

 

The Gas And Oil Pipeline Leak Detector Global Market Report 2023  provides a gas and oil pipeline leak detector market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The gas and oil pipeline leak detector market forecast analyzes gas and oil pipeline leak detector market size, gas and oil pipeline leak detector market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

 

Oil and gas pipeline leak detectors, also known as leak sensors or leak detectors, detect the presence of a leak in a pipe or other system containing liquids or gases by sounding an alarm or displaying a visual indicator. It is used to monitor a system containing liquids, gases, or other substances in order to ensure that the contents do not escape, leak, or otherwise exit the system.

 

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