Oil And Gas Leak Detection Market

Oil & Gas Leak Detection Market Overview

Leak Detection is a control method that monitors, identifies, and measures the unintentional escape or entry of the gases & fluids, majorly from pressurized systems or into empty enclosures. The leak detection is an essential component of pipeline risk management as it permits the operator to respond to the leaks on time in order to avoid the further rise of incidents. Various technologies are present to detect the leak from pipelines, reliant on the leak size, and nature of the fluid in the pipeline.

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Oil & Gas Leak Detection Market Key Drivers

The major factors that are bolstering the global oil & gas leak detection market size include the growing cases related to the oil and gas leakages across the world and rising investments in several offshore energy sources by various players in the market. Moreover, the increasing awareness to avoid the leakages and rising development of new pipelines worldwide are some other factors that are proliferating the growth of the market during the forecast period. For instance, in 2020, the European Space Agency satellites detected massive trails of the invisible planet-warming gas methane which was leaking from the Yamal pipeline which carries the natural gas from Siberia to Europe.

Several stringent government regulations to prevent leakages in the environment is also a significant factor that is driving the growth of global oil & gas leak detection market size. For instance, the National Energy Technology Laboratory expanded its work of methane leak detection technology with the Southwest Research Institute (SwRI) of San Antonio, Texas, to utilize the machine learning-based algorithms for the quantification of fugitive methane emissions, which are typically undetected in the natural gas pipelines and at storage facilities.

Restraint in the Oil & Gas Leak Detection Market

The factors that are responsible for restraining the growth of the global oil & gas leak detection market include the reduction in the oil prices worldwide and the complications related to retrofitting in some leak detection systems such as distributed acoustic sensing in the market.

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Medium – Segment Analysis

Based on the medium, the natural gas segment is expected to increase at a higher CAGR during the forecast period. The increase in the adoption of leak detection systems in the natural gas production facilities owing to the stringent government regulations related to the reduction in the carbon dioxide emissions in the environment is a major factor that is accelerating the growth of the market in this segment. For instance, in 2020, Natural Gas Partnership was initiated by the National Association of Regulatory Utility Commissioners with the U.S Department of Energy. This partnership continues the aim of NGIMP on the evolving technologies in the natural gas sector like predictive analytics, leak detection, demand response, and others.

Technology – Segment Analysis

On the basis of the technology, the Extended Real-Time Transient Model (E-RTTM) segment is estimated to grow at a higher CAGR during the forecast period. The factor that is propelling the growth of the segment includes the rising penetration of such technology for leak detection owing to its various characteristics such as the ability of systems to monitor the leakage continuously without any intrusion in the operations of the pipeline. Moreover, these systems allows the user to analyze the size of the leakage accurately and detect small leaks. Various companies offer such systems including KROHNE Group and PipePatrol.

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Regional – Segment Analysis:

Based on the region, Asia-Pacific is expected to increase at a higher CAGR during the forecast period. The rising demand for natural gas and growth in the production of natural gas across countries like China are the key factors that are leading to an increase in the adoption of leak detection technologies in this region. Moreover, the growth in the oil & gas production, exploration projects, and the expansion in the pipeline infrastructures are some other major factors that are propelling the market growth in the region. For instance, in 2020, China permitted foreign companies to explore and produce oil & gas in the country and opened up the industry to international firms other than the state-run energy giants.

Top Market Players

Various notable players operating in the market include Emerson Electric Co., Honeywell International, KROHNE Group, ABB, Atmos International, PSI Software AG, FLIR Systems, Inc., AVEVA Group plc, Yokogawa Electric Corporation, and HIMA, among others.

Key Developments: 

• • In 2020, ABB launched a comprehensive gas leak detection solution MicroGuard for the utilities, and this solution aims to work beside MobileGuard for identification of dangerous gas leaks. The MicroGuard can be used as a standalone device, but it is more powerful when it reads the map developed by MobileGuard to permit the surveys to quickly identify leaks on foot.
  • In 2019, Atmos International developed a unique regulation program compliance service for its customers. This service offers dedicated support to the customers who want full API 1130 compliance in the leak detection systems.

Segments covered in the Report:

The global oil & gas leak detection market has been segmented on the basis of medium, technology, location, and regions. Based on medium, the market is segmented into natural gas and oil & condensate. Based on technology, the market is segmented into an extended real-time transient model (E-RTTM), acoustic/ultrasound, mass/volume balance, fiber optic, thermal imaging, and others. Based on the location, the market is segmented into offshore and onshore. 

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Key questions answered in this research report:

• • At what pace is the global oil & gas leak detection market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the oil & gas leak detection market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global oil & gas leak detection market?
  • Which medium generated maximum revenues in 2019 and identify the most promising medium during the forecast period?
  • What are the various technologies of the global oil & gas leak detection market, and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Medium, By Technology, By Location, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Emerson Electric Co., Honeywell International, KROHNE Group, ABB, Atmos International, PSI Software AG, FLIR Systems, Inc., AVEVA Group plc, Yokogawa Electric Corporation, and HIMA, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Oil & Gas Leak Detection Market by Medium

• • Natural Gas
  • Oil & Condensate

Global Oil & Gas Leak Detection Market by Technology

• • Extended Real-Time Transient Model (E-RTTM)
  • Acoustic/Ultrasound
  • Mass/Volume Balance
  • Fiber Optic
  • Thermal Imaging
  • Others

Global Oil & Gas Leak Detection Market by Location

• • Offshore
  • Onshore

Global Oil & Gas Leak Detection Market by Region

• • North America Oil & Gas Leak Detection Market (Option 1: As a part of the free 25% customization)

    • North America Oil & Gas Leak Detection Market by Medium
    • North America Oil & Gas Leak Detection Market by Technology
    • North America Oil & Gas Leak Detection Market by Location
    • US Oil & Gas Leak Detection Market All-Up
    • Canada Oil & Gas Leak Detection Market All-Up

  • Europe Oil & Gas Leak Detection Market (Option 2: As a part of the free 25% customization)

    • Europe Oil & Gas Leak Detection Market by Medium
    • Europe Oil & Gas Leak Detection Market by Technology
    • Europe Oil & Gas Leak Detection Market by Location
    • UK Oil & Gas Leak Detection Market All-Up
    • Germany Oil & Gas Leak Detection Market All-Up
    • France Oil & Gas Leak Detection Market All-Up
    • Spain Oil & Gas Leak Detection Market All-Up
    • Rest of Europe Oil & Gas Leak Detection Market All-Up

  • Asia-Pacific Oil & Gas Leak Detection Market (Option 3: As a part of the free 25% customization)

    • Asia-Pacific Oil & Gas Leak Detection Market by Medium
    • Asia-Pacific Oil & Gas Leak Detection Market by Technology
    • Asia-Pacific Oil & Gas Leak Detection Market by Location
    • China Oil & Gas Leak Detection Market All-Up
    • India Oil & Gas Leak Detection Market All-Up
    • Japan Oil & Gas Leak Detection Market All-Up
    • Rest of APAC Oil & Gas Leak Detection Market All-Up

  • RoW Oil & Gas Leak Detection Market (Option 4: As a part of the free 25% customization)

    • RoW Oil & Gas Leak Detection Market by Medium
    • RoW Oil & Gas Leak Detection Market by Technology
    • RoW Oil & Gas Leak Detection Market by Location
    • Brazil Oil & Gas Leak Detection Market All-Up
    • South Africa Oil & Gas Leak Detection Market All-Up
    • Saudi Arabia Oil & Gas Leak Detection Market All-Up
    • UAE Oil & Gas Leak Detection Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Oil & Gas Leak Detection Market All-Up

Major Players Operating in the Oil & Gas Leak Detection Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Emerson Electric Co.
  • Honeywell International
  • KROHNE Group
  • ABB
  • Atmos International
  • PSI Software AG
  • FLIR Systems, Inc.
  • AVEVA Group plc
  • Yokogawa Electric Corporation
  • HIMA