Leak Detection and Repair (LDAR) Market

Leak Detection and Repair (LDAR) Market is predicted to reach at USD 26,589 Million by 2028 at a CAGR of 6.6% during the forecast period.

Introduction of the Leak Detection and Repair (LDAR) Market Report

Leak detection and repair is a program that identifies unintended emission of chemicals from equipment in an oil and gas or petrochemical installation. It drives maintenance activities to reduce emissions to the atmosphere effectively. Any leaking identified components must be repaired or stopped within a specific time period.

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Market Dynamic

Key Drivers and Emerging Trends

The factors driving the global Leak Detection and Repair (LDAR) market include cost saving, worker and community safety, and environmental protection. According to Environmental Protection Agency, leak detection and repair has resulted in the potential saving of USD 730,000 per year per facility. Moreover, leaking equipment such as valves, pumps, and connectors is the largest emission source of volatile organic compounds (VOC) and volatile hazardous air pollutants (VHAP). According to Environmental Protection Agency, approximately 70,367 tons of VOCs and 9,357 tons of VHAPs are emitted from equipment leaks. This will create demand for leak detection and repair systems in the market. In addition, LDAR is now being deployed with sensor network-based solutions to enable leaks to be detected and repaired faster and more efficiently. For example, there is going demand for smart water leak detectors with electronic sensors to detect water leakage and reduce the risk of water damage. For instance, Trotec GmbH manufactures water leak detectors with pulse current technology. At leakage points, water escapes under pressure and creates a discharge sound that is detected by highly sensitive sensors.

Restraint in the Leak Detection and Repair (LDAR) Market

However, the high cost of equipment and large amount of capital requirement for deployment of these equipment in large industries can hamper the global Leak Detection and Repair (LDAR) market.

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Product – Segment Analysis

Based on the Product, handheld gas detectors are expected to grow at the fastest rate in the global Leak Detection and Repair (LDAR) market during the forecast period owing to monitoring gas leaks due to its cost-effectiveness and portability. It is used to detect methanol, carbon dioxide, ammonia, and methane. The increasing trade of oil & gas products has increased the demand for handheld gas detectors in the oil & gas industry. For instance, Stanlay manufactures handheld gas detectors which are easy to operate and capable of detecting combustible and toxic gases and oxygen depletion. The product meets the safety compliance in different industrial plants such as petrochemical plants, sewage treatment plants, hermetically sealed areas, and others.

Technology – Segment Analysis

Based on the Technology, optical gas imaging segment is projected to capture the largest market share over the forecast period in the global Leak Detection and Repair (LDAR) market. Optical gas imaging offers easy, reliable and safely detection of methane, sulphur hexafluoride, and other industrial gases. Optical gas imaging cameras detect leaks from a safe distance, showing invisible gasses as clouds of smoke. For instance, Infrared Camera Inc., provides solution for optimal gas imaging products such as Multi-sensor UAV payload, handheld thermal cameras and others. Its drone system detects gas leaks in hard-to-see and hard-to-reach areas.

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Regional – Segment Analysis:

Based on the region, the North America region is expected to capture a significant market share in the global Leak Detection and Repair (LDAR) market. The increasing oil and gas industry in the region is creating the need for leak detection and repair systems in the US. Alternative leak detection and repair program (alt-LDAR) is being used to provide flexibility to oil and gas producers to manage fugitive methane emissions. Alt-LDAR functionality includes deploying multiple technologies, integrating screening and close-range methods. For instance, the Government of Canada has made it compulsory for the operators to use alternative LDAR program that the facility must be ordered to limit fugitive emissions containing hydrocarbon gas from equipment components at the facility.

Top Market Players

Various notable players operating in the market include Opgal Optronic Industries Ltd., ProFlex Technologies, Infrared Camera Inc., Stanlay, Boreal Laser Inc., PrecisionHawk, Maxion Technologies Inc., Aeris Technologies, Inc., Siemens AG, TTK Leak Detection System, and among others.

Key Developments:

• • In 2021, Opgal Optronic Industries Ltd. launched world’s most compact uncooled optical gas imaging camera called EyeCGas Mini. It is designed to detect medium to large leaks. Available for Methane, SF6, Ammonia, HFCs, and more.
  • In 2020, Siemens Energy announced its partnership with ProFlex Technologies to provide leak detection services for pipeline operators. The technology will be combined with Siemens Energy’s Internet of Things to reduce the environmental risk associated with operation by minimizing unplanned releases of products into the ecosystem.

Segments covered in the Report:

The global Leak Detection and Repair (LDAR) market has been segmented on the basis of Product, Technology, and regions. Based on Product, the market is segmented into Handheld Gas Detectors, UAV-Based Detectors, Vehicle-Based Detectors, Manned Aircraft Detectors. Based on Technology, the market is segmented into Volatile Organic Compounds (VOC) Analyzer, Optical Gas Imaging, Laser Absorption Spectroscopy, Ambient/Mobile Leak Monitoring, Others.

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Key questions answered in this research report:

• • At what pace is global Leak Detection and Repair (LDAR) market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Leak Detection and Repair (LDAR) 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 Leak Detection and Repair (LDAR) market?
  • Which product generated maximum revenues in 2020 and identify the most promising product during the forecast period?
  • What is the various technology of global Leak Detection and Repair (LDAR) 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?

Market Segmentation

Global Leak Detection and Repair (LDAR) Market by Product

• • Handheld Gas Detectors
  • UAV-Based Detectors
  • Vehicle-Based Detectors
  • Manned Aircraft Detectors

Global Leak Detection and Repair (LDAR) Market by Technology

• • Volatile Organic Compounds (VOC) Analyzer
  • Optical Gas Imaging
  • Laser Absorption Spectroscopy
  • Ambient/Mobile Leak Monitoring
  • Others

Global Leak Detection and Repair (LDAR) Market by Region

• • North America Leak Detection and Repair (LDAR) Market (Option 1: As a part of the free 25% customization)
    • North America Leak Detection and Repair (LDAR) Market by Product
    • North America Leak Detection and Repair (LDAR) Market by Technology
    • US Leak Detection and Repair (LDAR) Market All-Up
    • Canada Leak Detection and Repair (LDAR) Market All-Up
  • Europe Leak Detection and Repair (LDAR) Market (Option 2: As a part of the free 25% customization)
    • Europe Leak Detection and Repair (LDAR) Market by Product
    • Europe Leak Detection and Repair (LDAR) Market by Technology
    • UK Leak Detection and Repair (LDAR) Market All-Up
    • Germany Leak Detection and Repair (LDAR) Market All-Up
    • France Leak Detection and Repair (LDAR) Market All-Up
    • Spain Leak Detection and Repair (LDAR) Market All-Up
    • Rest of Europe Leak Detection and Repair (LDAR) Market All-Up
  • Asia-Pacific Leak Detection and Repair (LDAR) Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Leak Detection and Repair (LDAR) Market by Product
    • Asia-Pacific Leak Detection and Repair (LDAR) Market by Technology
    • China Leak Detection and Repair (LDAR) Market All-Up
    • India Leak Detection and Repair (LDAR) Market All-Up
    • Japan Leak Detection and Repair (LDAR) Market All-Up
    • Rest of APAC Leak Detection and Repair (LDAR) Market All-Up
  • RoW Leak Detection and Repair (LDAR) Market (Option 4: As a part of the free 25% customization)
    • RoW Leak Detection and Repair (LDAR) Market by Product
    • RoW Leak Detection and Repair (LDAR) Market by Technology
    • Brazil Leak Detection and Repair (LDAR) Market All-Up
    • South Africa Leak Detection and Repair (LDAR) Market All-Up
    • Saudi Arabia Leak Detection and Repair (LDAR) Market All-Up
    • UAE Leak Detection and Repair (LDAR) Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Leak Detection and Repair (LDAR) Market All-Up

Major Players Operating in the Leak Detection and Repair (LDAR) (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Opgal Optronic Industries Ltd.
  • ProFlex Technologies
  • Infrared Camera Inc.
  • Stanlay
  • Boreal Laser Inc.
  • PrecisionHawk
  • Maxion Technologies Inc.
  • Aeris Technologies, Inc.
  • Siemens AG
  • TTK Leak Detection System