Global Leak Detection Market to reach USD 3.56 billion by 2027

Global Leak Detection Market Size study, by Technology (Acoustic, E-RTTM, Fiber Optic, Mass/Volume Balance, Laser Absorption and LiDAR, Thermal Imaging), Medium (Oil and Condensate, Natural Gas) and Regional Forecasts 2020-2027
Product Code:  OIRIA_34694073
Chapter 1.	Executive Summary 
1.1.	Market Snapshot
1.2.	Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1.	 Leak detection Market, by Region, 2018-2027 (USD Billion)
1.2.2.	 Leak detection Market, by Technology, 2018-2027 (USD Billion)
1.2.3.	 Leak detection Market, by Medium, 2018-2027 (USD Billion)
1.3.	Key Trends
1.4.	Estimation Methodology
1.5.	Research Assumption
Chapter 2.	Global Leak detection Market Definition and Scope 
2.1.	Objective of the Study
2.2.	Market Definition & Scope
2.2.1.	Scope of the Study
2.2.2.	Processing Evolution
2.3.	Years Considered for the Study
2.4.	Currency Conversion Rates
Chapter 3.	Global Leak detection Market Dynamics	
3.1.	Leak detection Market Impact Analysis (2018-2027)
3.1.1.	Market Drivers
3.1.2.	Market Challenges
3.1.3.	Market Opportunities
Chapter 4.	Global Leak detection Market Processing Analysis
4.1.	Porter’s 5 Force Model
4.1.1.	Bargaining Power of Suppliers
4.1.2.	Bargaining Power of Buyers
4.1.3.	Threat of New Entrants
4.1.4.	Threat of Substitutes
4.1.5.	Competitive Rivalry
4.1.6.	Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2.	PEST Analysis
4.2.1.	Political 
4.2.2.	Economical
4.2.3.	Social 
4.2.4.	Technological 
4.3.	Investment Adoption Model
4.4.	Analyst Recommendation & Conclusion
Chapter 5.	Global Leak detection Market, by Technology 
5.1.	Market Snapshot 
5.2.	Global Leak detection Market by Technology, Performance- Potential Analysis
5.3.	Global Leak detection Market Estimates & Forecasts by Technology 2017-2027 (USD Billion)
5.4.	Leak detection Market, Sub Segment Analysis
5.4.1.	 Acoustic
5.4.2.	 Extended Real Time Transient Model
5.4.3.	Fiber Optic
5.4.4.	 Mass/Volume Balance
5.4.5.	Laser Absorption and LiDAR
5.4.6.	Thermal Imaging
Chapter 6.	Global Leak detection Market, by Medium
6.1.	Market Snapshot 
6.2.	Global Leak detection Market by Deployment Medium, Performance - Potential Analysis
6.3.	Global Leak detection Market Estimates & Forecasts by Medium 2017-2027 (USD Billion)
6.4.	Leak detection Market, Sub Segment Analysis
6.4.1.	Oil and Condensate
6.4.2.	Natural Gas
Chapter 7.	Global Leak detection Market, Regional Analysis

7.1.	North America Leak detection 
7.1.1.	U.S.  Leak detection Market	 Technology breakdown estimates & forecasts, 2017-2027	 Medium Type breakdown estimates & forecasts, 2017-2027 
7.1.2.	Canada Content Analytical
7.2.	Europe Leak detection Snapshot
7.2.1.	U.K. Leak detection 
7.2.2.	Germany Content Analytical
7.2.3.	France Content Analytical
7.2.4.	Spain Content Analytical
7.2.5.	Italy Content Analytical
7.2.6.	Rest of Europe Content Analytical
7.3.	Asia-Pacific Leak detection Snapshot
7.3.1.	China Leak detection 
7.3.2.	India Leak detection 
7.3.3.	Japan Content Analytical
7.3.4.	Australia Content Analytical
7.3.5.	South Korea Content Analytical
7.3.6.	Rest of Asia Pacific Content Analytical
7.4.	Latin America Leak detection Snapshot
7.4.1.	Brazil Content Analytical
7.4.2.	Mexico Content Analytical
7.5.	Rest of The World Content Analytical

Chapter 8.	Competitive Intelligence
8.1.	Top Market Strategies
8.2.	Company Profiles
8.2.1.	 Honeywell International Inc. (U.S)	Key Information	Overview	Financial (Subject to Data Availability)	Product Summary	Recent Developments
8.2.2.	 Emerson Electric Co. (US)
8.2.3.	 ABB (Switzerland)
8.2.4.	 KROHNE Group (Germany)
8.2.5.	 PSI Software AG (Germany)
8.2.6.	 Atmos (UK)
8.2.7.	 AVEVA (UK)
8.2.8.	 FLIR Systems Inc. (US)
8.2.9.	 HIMA (Germany)
8.2.10Yokogawa Electric Corporation (Japan)
Chapter 9.	Research Process
9.1.	Research Process
9.1.1.	Data Mining
9.1.2.	Analysis
9.1.3.	Market Estimation
9.1.4.	Validation
9.1.5.	Publishing
9.2.	Research Attributes
9.3.	Research Assumption

Global Leak Detection Market is valued approximately USD 1.95 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 7.8 % over the forecast period 2020-2027. Leak Detection System & Services in Gas and Oil industry has become an essential part of safety measures to avert the calamities that have taken place in the past. To fulfill the increasing demand of gas and oil, new pipelines are being constructed along with the expansion of the current pipelines. The factor driving the demand for the leak detection market is the rise in the number of incidents of oil and gas leakages in pipelines and storage tanks at production facilities with the increase in pipelines, more storage facilities are needed which will also be requiring leak detection system, and the stringent rules by the government to mandate leak detection systems is set to drive the market to the peak. In addition to that, the exploration for oil wells has initiated the construction and development of pipelines and storage facilities across the globe. As of November 2020, Neptune Energy started the first gas production from the Adorf Carboniferous development in northwestern Germany. In February 2020. Gas leak detections become challenging in open and ventilated facilities, hence, effective gas leak detectors are needed, issues such as lack of adequate information associated with gas leak detectors and the expensive hardware for the detectors are significantly hampering the adoption of leak detection market. Lack of technological advancements in offshore leak detection systems can also boost the market of the leak detection systems.

The regional analysis of global Leak Detection market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the increase in the global demand for oil and gas. Whereas Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as, increase in the demand lead to oil exploration which, in turn, attracts investments pertaining to natural gas production projects.
would create lucrative growth prospects for the global Leak Detection market across Asia-Pacific region.

Major market player included in this report are:

Honeywell International Inc. (US)
Emerson Electric Co. (US)
ABB (Switzerland)
KROHNE Group (Germany)
PSI Software AG (Germany)
Atmos (UK)
FLIR Systems Inc. (US)
HIMA (Germany)
Yokogawa Electric Corporation (Japan)

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By technology:
Extended Real Time Transient Model
Fiber Optic
Mass/Volume Balance
Laser Absorption and LiDAR
Thermal Imaging

By Medium:
Oil and Condensate
Natural Gas

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Leak Detection Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

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