Product Code: GVR-2-68038-756-8
Leak Detection And Repair Market Growth & Trends:
The global leak detection and repair market size is anticipated to reach USD 27.89 billion by 2030 and is projected to grow at a CAGR of 4.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market growth can be attributed to the increasing demand for oil and oil products across Asia Pacific, North America, Europe, and the MEA region. According to IEA, oil demand in Southeast Asia is expected to reach 9 million barrels per day by 2040.
Various government bodies are encouraging the use of advanced LDAR systems, which is creating new opportunities for market growth. For instance, in May 2023, the Pipeline and Hazardous Materials Safety Administration unveiled a pre-publication version of a Notice of Proposed Rulemaking that would improve the federal regulations regarding pipeline safety to require that operators of gas pipeline facilities implement several measures to minimize emissions of methane and other corrosive, toxic, or flammable gas from existing and new pipelines.
Growing government efforts to reduce methane emissions worldwide are anticipated to accentuate market growth. For instance, the Global Methane Pledge was announced in November 2021 at COP26 in Glasgow to commit to a joint goal of lowering global methane emissions by at least 30% by 2030 as compared to the 2020 levels. This initiative emphasizes reducing methane emissions by tackling methane leaking from oil and gas pipelines, wells, and other fossil fuel infrastructure.
Furthermore, rapid innovation in theleak detection and repair (LDAR) systems by various companies is further attributed to the market's growth. The introduction of cutting-edge technologies such as drones, optical gas imaging (OGI) cameras, and data analytics tools has transformed leak detection and repair systems and services. These advancements reduce downtime, improve accuracy, and drive demand for LDAR systems and services in the global market.
Leak Detection And Repair Market Report Highlights:
- In terms of component, the services segment dominated the market in 2023. The segment growth can be attributed to the rise in demand for LDAR services among the oil and gas companies to identify, track, and repair leak components.
- In terms of product, the handheld gas detectors segment dominated the market in 2023. The segment growth can be attributed to the rise in demand for portable gas detection systems in areas such as oil production, sewage treatment, and tunnel construction.
- In terms of technology, the Volatile Organic Compounds (VOC) analyzers segment dominated the market in 2023. The segment growth can be attributed to the rising use of VOC analyzers as they detect various gases such as propane, methane, and carbon dioxide.
- North America dominated the market in 2023 owing to stringent regulations such as Leak Detection Regulations in the U.S. as well as the high adoption of advanced technologies by companies in the region.
- In June 2023, ION Science announced the launch of a Panther gas leak detector with improved features and sensitivity compared to the GasCheck G, its predecessor. The Panther PRO includes a highly sensitive thermal conductivity sensor to quickly detect various gases such as hydrogen, helium, ammonia, and refrigerant gases.
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Research Methodology
- 1.2 Research Scope and Assumptions
- 1.3 List of Data Sources
Chapter 2 Executive Summary
- 2.1 Market Snapshot
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 Leak Detection and Repair (LDAR) Industry Outlook
- 3.1 Market Segmentation & Scope
- 3.2 Leak Detection and Repair (LDAR) Market - Value Chain Analysis
- 3.3 Leak Detection and Repair (LDAR) Market Dynamics
- 3.3.1 Market driver analysis
- 3.3.1.1 Increasing oil and gas pipeline infrastructure
- 3.3.1.2 Stringent government regulations to curb methane emissions
- 3.3.1.3 Increased adoption of natural gas-based power plants
- 3.3.2 Market restraint analysis
- 3.3.2.1 Challenges involved in leak detection in harsh environmental conditions
- 3.3.2.2 The oil and gas upstream segment forges ahead with cost-cutting
- 3.3.3 Market challenge analysis
- 3.3.3.1 Multiple components' leaks add to increased complexity in detection
- 3.3.3.2 Global focus on the development of renewable energy generation projects
- 3.4 Leak Detection and Repair (LDAR) - Porter's Five Forces Analysis
- 3.5 Leak Detection and Repair (LDAR) - PESTEL Analysis
- 3.6 Technology Landscape
- 3.7 Leak Detection and Repair (LDAR) - Key Element Analysis
- 3.7.1 Elements of an LDAR Program
- 3.8 List of Major Oil and Gas Projects in North America
- 3.9 Leak Detection and Repair (LDAR) Market - Regulatory Landscape
- 3.10 List of LDAR Service Providers in the U.S.
Chapter 4 Leak Detection and Repair (LDAR) Component
- 4.1 Leak Detection And Repair Market Share by Component, 2023 & 2030
- 4.2 Equipment
- 4.2.1 Leak detection and repair equipment market, 2017 - 2030 (USD Million)
- 4.3 Services
- 4.3.1 Leak detection and repair services market, 2017 - 2030 (USD Million)
Chapter 5 Leak Detection and Repair (LDAR) Product Outlook
- 5.1 Leak Detection And Repair Market Share by Product, 2023 & 2030
- 5.2 Handheld Gas Detectors
- 5.2.1 Handheld gas detectors in leak detection and repair market, 2017 - 2030 (USD Million)
- 5.3 UAV-Based Detectors
- 5.3.1 UAV-based detectors in leak detection and repair market, 2017 - 2030 (USD Million)
- 5.4 Vehicle-based Detectors
- 5.4.1 Vehicle-based detectors in leak detection and repair market, 2017 - 2030 (USD Million)
- 5.5 Manned Aircraft Detectors
- 5.5.1 Manned aircraft detectors in leak detection and repair market, 2017 - 2030 (USD Million)
Chapter 6 Leak Detection and Repair (LDAR) Technology Outlook
- 6.1 Leak Detection And Repair Market Share by Technology, 2023 & 2030
- 6.2 Volatile Organic Compounds (VOC) Analyzer
- 6.2.1 Volatile organic compounds (VOC) analyzer in leak detection and repair market, 2017 - 2030 (USD Million)
- 6.3 Optical Gas Imaging (OGI)
- 6.3.1 Optical Gas Imaging (OGI) in leak detection and repair market, 2017 - 2030 (USD Million)
- 6.4 Laser Absorption Spectroscopy
- 6.4.1 Laser absorption spectroscopy in leak detection and repair market, 2017 - 2030 (USD Million)
- 6.5 Ambient/Mobile Leak Monitoring
- 6.5.1 Ambient/mobile leak monitoring in leak detection and repair market, 2017 - 2030 (USD Million)
- 6.6 Acoustic Leak Detection
- 6.6.1 Acoustic leak detection in leak detection and repair market, 2017 - 2030 (USD Million)
- 6.7 Audio-Visual-Olfactory Inspection
- 6.7.1 Audio-visual-olfactory inspection in leak detection and repair market, 2017 - 2030 (USD Million)
Chapter 7 Leak Detection and Repair (LDAR) Regional Outlook
- 7.1 Leak Detection and Repair (LDAR) Market Share by Region, 2023 & 2030
- 7.2 North America
- 7.2.1 North America leak detection and repair market, 2017 - 2030 (USD Million)
- 7.2.2 North America leak detection and repair market, by component, 2017 - 2030 (USD Million)
- 7.2.3 North America leak detection and repair market, by product, 2017 - 2030 (USD Million)
- 7.2.4 North America leak detection and repair market, by technology, 2017 - 2030 (USD Million)
- 7.2.5 U.S.
- 7.2.5.1 U.S. leak detection and repair market, 2017 - 2030 (USD Million)
- 7.2.5.2 U.S. leak detection and repair market, by component, 2017 - 2030 (USD Million)
- 7.2.5.3 U.S. leak detection and repair market, by product, 2017 - 2030 (USD Million)
- 7.2.5.4 U.S. leak detection and repair market, by technology, 2017 - 2030 (USD Million)
- 7.2.6 Canada
- 7.2.6.1 Canada leak detection and repair market, 2017 - 2030 (USD Million)
- 7.2.6.2 Canada leak detection and repair market, by component, 2017 - 2030 (USD Million)
- 7.2.6.3 Canada leak detection and repair market, by product, 2017 - 2030 (USD Million)
- 7.2.6.4 Canada leak detection and repair market, by technology, 2017 - 2030 (USD Million)
- 7.3 Europe
- 7.3.1 Europe leak detection and repair market, 2017 - 2030 (USD Million)
- 7.3.2 Europe leak detection and repair market, by component, 2017 - 2030 (USD Million)
- 7.3.3 Europe leak detection and repair market, by product, 2017 - 2030 (USD Million)
- 7.3.4 Europe leak detection and repair market, by technology, 2017 - 2030 (USD Million)
- 7.3.5 UK
- 7.3.5.1 UK leak detection and repair market, 2017 - 2030 (USD Million)
- 7.3.5.2 UK leak detection and repair market, by component, 2017 - 2030 (USD Million)
- 7.3.5.3 UK leak detection and repair market, by product, 2017 - 2030 (USD Million)
- 7.3.5.4 UK leak detection and repair market, by technology, 2017 - 2030 (USD Million)
- 7.3.6 Germany
- 7.3.6.1 Germany leak detection and repair market, 2017 - 2030 (USD Million)
- 7.3.6.2 Germany leak detection and repair market, by component, 2017 - 2030 (USD Million)
- 7.3.6.3 Germany leak detection and repair market, by product, 2017 - 2030 (USD Million)
- 7.3.6.4 Germany leak detection and repair market, by technology, 2017 - 2030 (USD Million)
- 7.3.7 Russia
- 7.3.7.1 Russia leak detection and repair market, 2017 - 2030 (USD Million)
- 7.3.7.2 Russia leak detection and repair market, by component, 2017 - 2030 (USD Million)
- 7.3.7.3 Russia leak detection and repair market, by product, 2017 - 2030 (USD Million)
- 7.3.7.4 Russia leak detection and repair market, by technology, 2017 - 2030 (USD Million)
- 7.4 Asia Pacific
- 7.4.1 Asia Pacific leak detection and repair market, 2017 - 2030 (USD Million)
- 7.4.2 Asia Pacific leak detection and repair market, by component, 2017 - 2030 (USD Million)
- 7.4.3 Asia Pacific leak detection and repair market, by product, 2017 - 2030 (USD Million)
- 7.4.4 Asia Pacific leak detection and repair market, by technology, 2017 - 2030 (USD Million)
- 7.4.5 China
- 7.4.5.1 China leak detection and repair market, 2017 - 2030 (USD Million)
- 7.4.5.2 China leak detection and repair market, by component, 2017 - 2030 (USD Million)
- 7.4.5.3 China leak detection and repair market, by product, 2017 - 2030 (USD Million)
- 7.4.5.4 China leak detection and repair market, by technology, 2017 - 2030 (USD Million)
- 7.4.6 India
- 7.4.6.1 India leak detection and repair market, 2017 - 2030 (USD Million)
- 7.4.6.2 India leak detection and repair market, by component, 2017 - 2030 (USD Million)
- 7.4.6.3 India leak detection and repair market, by product, 2017 - 2030 (USD Million)
- 7.4.6.4 India leak detection and repair market, by technology, 2017 - 2030 (USD Million)
- 7.4.7 Japan
- 7.4.7.1 Japan leak detection and repair market, 2017 - 2030 (USD Million)
- 7.4.7.2 Japan leak detection and repair market, by component, 2017 - 2030 (USD Million)
- 7.4.7.3 Japan leak detection and repair market, by product, 2017 - 2030 (USD Million)
- 7.4.7.4 Japan leak detection and repair market, by technology, 2017 - 2030 (USD Million)
- 7.4.8 Australia
- 7.4.8.1 Japan leak detection and repair market, 2017 - 2030 (USD Million)
- 7.4.8.2 Japan leak detection and repair market, by component, 2017 - 2030 (USD Million)
- 7.4.8.3 Japan leak detection and repair market, by product, 2017 - 2030 (USD Million)
- 7.4.8.4 Japan leak detection and repair market, by technology, 2017 - 2030 (USD Million)
- 7.5 Latin America
- 7.5.1 Latin America leak detection and repair market, 2017 - 2030 (USD Million)
- 7.5.2 Latin America leak detection and repair market, by component, 2017 - 2030 (USD Million)
- 7.5.3 Latin America leak detection and repair market, by product, 2017 - 2030 (USD Million)
- 7.5.4 Latin America leak detection and repair market, by technology, 2017 - 2030 (USD Million)
- 7.5.5 Brazil
- 7.5.5.1 Brazil leak detection and repair market, 2017 - 2030 (USD Million)
- 7.5.5.2 Brazil leak detection and repair market, by component, 2017 - 2030 (USD Million)
- 7.5.5.3 Brazil leak detection and repair market, by product, 2017 - 2030 (USD Million)
- 7.5.5.4 Brazil leak detection and repair market, by technology, 2017 - 2030 (USD Million)
- 7.5.6 Mexico
- 7.5.6.1 Mexico leak detection and repair market, 2017 - 2030 (USD Million)
- 7.5.6.2 Mexico leak detection and repair market, by component, 2017 - 2030 (USD Million)
- 7.5.6.3 Mexico leak detection and repair market, by product, 2017 - 2030 (USD Million)
- 7.5.6.4 Mexico leak detection and repair market, by technology, 2017 - 2030 (USD Million)
- 7.5.7 Venezuela
- 7.5.7.1 Venezuela leak detection and repair market, 2017 - 2030 (USD Million)
- 7.5.7.2 Venezuela leak detection and repair market, by component, 2017 - 2030 (USD Million)
- 7.5.7.3 Venezuela leak detection and repair market, by product, 2017 - 2030 (USD Million)
- 7.5.7.4 Venezuela leak detection and repair market, by technology, 2017 - 2030 (USD Million)
- 7.6 Middle East and Africa
- 7.6.1 MEA leak detection and repair market, 2017 - 2030 (USD Million)
- 7.6.2 MEA leak detection and repair market, by component, 2017 - 2030 (USD Million)
- 7.6.3 MEA leak detection and repair market, by product, 2017 - 2030 (USD Million)
- 7.6.4 MEA leak detection and repair market, by technology, 2017 - 2030 (USD Million)
- 7.6.5 Kingdom of Saudi Arabia
- 7.6.5.1 Kingdom of Saudi Arabia leak detection and repair market, 2017 - 2030 (USD Million)
- 7.6.5.2 Kingdom of Saudi Arabia leak detection and repair market, by component, 2017 - 2030 (USD Million)
- 7.6.5.3 Kingdom of Saudi Arabia leak detection and repair market, by product, 2017 - 2030 (USD Million)
- 7.6.5.4 Kingdom of Saudi Arabia leak detection and repair market, by technology, 2017 - 2030 (USD Million)
- 7.6.7 UAE
- 7.6.7.1 UAE leak detection and repair market, 2017 - 2030 (USD Million)
- 7.6.7.2 UAE leak detection and repair market, by component, 2017 - 2030 (USD Million)
- 7.6.7.3 UAE leak detection and repair market, by product, 2017 - 2030 (USD Million)
- 7.6.7.4 UAE leak detection and repair market, by technology, 2017 - 2030 (USD Million)
- 7.6.8 South Africa
- 7.6.8.1 South Africa leak detection and repair market, 2017 - 2030 (USD Million)
- 7. 6.8.2 South Africa leak detection and repair market, by component, 2017 - 2030 (USD Million)
- 7. 6.8.3 South Africa leak detection and repair market, by product, 2017 - 2030 (USD Million)
- 7.6.8.4 South Africa leak detection and repair market, by technology, 2017 - 2030 (USD Million)
Chapter 8 Competitive Analysis
- 8.1 Recent Developments & Impact Analysis, By Key Market Participants
- 8.2 Company Categorization
- 8.3 Vendor Landscape
- 8.3.1 Key company ranking/company market share analysis, 2023
- 8.4 Company Analysis Tools
- 8.4.1 Company Market Position Analysis
- 8.4.2 Competitive Dashboard Analysis
Chapter 9 Competitive Landscape
- 9.1 Aeris Technologies, Inc.
- 9.1.1 Company overview
- 9.1.2 Product benchmarking
- 9.1.3 Strategic initiatives
- 9.2 IBM Thomas J. Watson Research Center
- 9.2.1 Company overview
- 9.2.2 Projects
- 9.3 Bridger Photonics, Inc.
- 9.3.1 Company overview
- 9.3.2 Projects
- 9.3.3 Strategic initiatives
- 9.4 LI-COR, Inc.
- 9.4.1 Company overview
- 9.4.2 Product benchmarking
- 9.4.3 Strategic initiatives
- 9.5 Duke University
- 9.5.1 University overview
- 9.5.2 Projects
- 9.6 Colorado State University
- 9.6.1 University overview
- 9.6.2 Projects
- 9.7 Palo Alto Research Center
- 9.7.1 Centre overview
- 9.7.2 Projects
- 9.8 Maxion Technologies Inc.
- 9.8.1 Centre overview
- 9.8.2 Projects
- 9.9 Rebellion Photonics
- 9.9.1 Company overview
- 9.9.2 Product benchmarking
- 9.9.3 Projects
- 9.9.4 Strategic initiatives
- 9.10 Physical Sciences Inc.
- 9.10.1 Company overview
- 9.10.2 Projects
- 9.11 Avitas Systems
- 9.11.1 Company overview
- 9.11.2 Product benchmarking
- 9.11.3 Strategic initiatives
- 9.12 PrecisionHawk
- 9.12.1 Company overview
- 9.12.2 Product benchmarking
- 9.12.3 Strategic initiatives
- 9.13 SeekOps, Inc.
- 9.13.1 Company overview
- 9.13.2 Products benchmarking
- 9.13.3 Strategic initiatives
- 9.14 Advisian
- 9.14.1 Company overview
- 9.14.2 Financial performance
- 9.14.3 Products benchmarking
- 9.15 Ball Aerospace & Technologies Corp.
- 9.15.1 Company overview
- 9.15.2 Financial performance
- 9.15.3 Products benchmarking
- 9.16 Gas Ops Leak Detectives, LLC (G.O.L.D. LLC).
- 9.16.1 Company overview
- 9.16.2 Products benchmarking
- 9.17 Guideware Systems, LLC.
- 9.17.1 Company overview
- 9.17.2 Software benchmarking
- 9.18 Summit Inspections Services, Inc.
- 9.18.1 Company overview
- 9.18.2 Products benchmarking
- 9.19 GHD, Inc.
- 9.19.1 Company overview
- 9.19.2 Strategic initiatives
- 9.20 ERM Group, Inc.
- 9.20.1 Company overview
- 9.20.2 Strategic initiatives
- 9.21 AECOM
- 9.21.1 Company overview
- 9.21.2 Financial performance
- 9.21.3 Projects benchmarking
- 9.21.4 Strategic initiatives
- 9.22 Guardian Compliance
- 9.22.1 Company overview
- 9.22.2 Product benchmarking
- 9.22.3 Strategic initiatives
- 9.23 ABB Ltd.
- 9.23.1 Company overview
- 9.23.2 Financial performance
- 9.23.3 Product benchmarking
- 9.23.4 Strategic initiatives
- 9.24 Chicago Bridge & Iron Company N.V.
- 9.24.1 Company overview
- 9.24.2 Financial performance
- 9.24.3 Projects benchmarking
- 9.24.4 Strategic initiatives
- 9.25 Heath Consultants
- 9.25.1 Company overview
- 9.25.2 Product benchmarking
- 9.26 ENCOS, Inc.
- 9.26.1 Company overview
- 9.26.2 Product benchmarking
- 9.27 Team Inc.
- 9.27.1 Company overview
- 9.27.2 Financial performance
- 9.27.3 Projects benchmarking
- 9.28 VelocityEHS
- 9.28.1 Company overview
- 9.28.2 Projects benchmarking
- 9.28.3 Strategic initiatives
- 9.29 Picarro Inc.
- 9.29.1 Company overview
- 9.29.2 Product benchmarking
- 9.30 Microdrones GmbH
- 9.30.1 Company overview
- 9.30.2 Projects benchmarking
- 9.30.3 Strategic initiatives
- 9.31 Boreal Laser Inc.
- 9.31.1 Company overview
- 9.31.2 Projects benchmarking
- 9.31.3 Strategic initiatives
- 9.32 Kairos Aerospace
- 9.32.1 Company overview
- 9.32.2 Projects benchmarking