Global leak detection system market is expected to gain momentum with growing pipeline network and increasing demand for fossil fuels. Advancement in technology has facilitated the pipeline operators to remotely monitor pipeline operations. Global pipeline network is about 3.5 million kilometers which is responsible for movement of oil & gas products across the globe. Pipelines are considered to be the safest and the most efficient mode of transportation of hydrocarbons as they are hazardous in nature and any spillage or leakage can results in huge loss to the product owner as well as to the environment. Leakage is considered as the most common problem in pipelines operations which not only results in product loss but also can results accidents with huge potential to damage nearby environment. Accident happened in recent past such as explosion in gas pipeline in Minnesota, U.S., and eruption of natural gas pipeline in Nebraska in 2014 has bought in legislation for the pipeline carrying hazardous products to mandatory have leak detection system. Thus, global leak detection system market for oil & gas industry is anticipated to driven by factors such as increasing natural gas production, increasing trade of oil & gas products coupled with growing pipeline infrastructure and associated regulatory policies. However, volatile oil prices restricting cash flow of the oil producers which is likely have a negative impact on upcoming pipeline project which in turn is expected to restrain the demand for pipeline leak detection system in oil & gas industry.

North America is expected to largest region in global pipeline leak detection system market for oil & gas industry which is anticipated to contribute over 60% by end of 2016 due to wide pipeline infrastructure of over 2.3 million kilometers is used to transport crude oil, natural gas & other petroleum products.

Global leak detection system market for oil & gas industry has been projected to be valued at US$ 2.1 Bn by the end of 2016 and is expected to expand at a CAGR 6.4% during the forecast period 2016-2023.

Purpose of the Report

The purpose of this strategic research study titled “Global Pipeline Leak Detection System Market for Oil & Gas Industry- Growth, Future Prospects, Competitive Analysis and Forecast, 2016 – 2023” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global production oilfield services & equipments market.

Target Audience

• Industry Investors
• Research Professionals
• Emerging Companies
• Pipeline Leak Detection Service Providers
• Oil & Gas exploration and production companies
• Downstream & Midstream Companies
• Research Institutes

USP and Key Offerings

The report titled “Global Pipeline Leak Detection System Market for Oil & Gas Industry- Growth, Future Prospects, Competitive Analysis and Forecast, 2016 – 2023” offers strategic insights into the global pipeline leak detection system market for oil & gas industry along with the market size and estimates for the duration 2013 to 2023. The said research study covers in-depth analysis of multiple market segments based on technology, product type and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading oilfield services providers, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:

• Current and future market trends to justify the forthcoming attractive markets within oil & gas industry
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Trailing 3-Year market size data (2013 – 2015)
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global pipeline leak detection system market for oil & gas industry growth, offering market size and estimates for the period from 2013 to 2023, keeping in mind the above mentioned factors.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Pipeline Leak Detection market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Pipeline Leak Detection market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Pipeline Leak Detection market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Pipeline Leak Detection market?
• Which is the largest regional market for Pipeline Leak Detection market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Pipeline Leak Detection market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Pipeline Leak Detection market worldwide?