Product Code: GVR-2-68038-756-8
Leak Detection And Repair Market Growth & Trends
The global leak detection and repair market size is expected to reach USD 26.07 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 4.6% from 2021 to 2028. The growth can be attributed to the increasing oil and gas leakages in pipelines and storage tanks and the ongoing new pipeline constructions, among others. The rise in oil and gas consumption has increased the production activities of oil and gas and thereby, created the need for leak detection repair systems.
Nowadays, oil and gas companies are leveraging internet of things capabilities for leakage detection, remote area monitoring, and so on. In the oil and gas industry, IoT technology is used for monitoring pumps, compressors, and motors and detecting the temperature, dynamic pressure, and traces of gas in pipelines. Various companies are making efforts to provide internet of things-based pipeline leak detection services. For instance, in November 2020, Siemens announced its partnership with ProFlex Technologies, a provider of leak detection solutions to pipeline operators. Under this partnership, the Pipe-Safe advanced leak detection technology of ProFlex will be combined with Siemen's IoT system to enable operators to reduce the risk of gas leaks.
Government bodies across the world are making efforts to reduce methane emissions in recent days. The U.S. Environmental Protection Agency (EPA), under the government's Climate Action Plan and the Clean Air Act, is making efforts to cut down methane emissions from oil and natural gas industries. This strategic plan is aimed toward reducing methane emissions from the oil and gas industry by 40% to 45% by 2025. Methane is the key contributor to global warming, having a potential of more than 25% compared to carbon dioxide. This creates the need for leak detection and repair solutions for controlling methane leakage from oil and gas industries.
The COVID-19 pandemic is anticipated to impact the market growth favorably in the coming years. The pandemic has led to an increase in the use of UV leak detection systems for identifying leaks in mobile HVAC systems. The pandemic has led to an increase in the use of car heating systems to sanitize emergency vehicles. Thios creates the need for a leak detector as coolant leaks can lead to the risk of overheating of engines.
Leak Detection And Repair Market Report Highlights
- Low-cost operation, high accuracy, and sensitivity in leak detection, environmental concerns regarding emission of harmful greenhouse gases, and support provided by governments and regional associations are among the primary growth stimulants for the market
- Presence of the largest oil and gas pipeline network and concentration of major oil and gas producing and refining companies in North America are expected to offer a high-potential market for the deployment of gas leak detection, monitoring, and repair systems over the forecast period
- Major American and European oil and gas companies are focusing on increasing their presence in Asia Pacific through acquisitions and investments
- National oil companies in the Asia Pacific region such as Oil and Natural Gas Corporation, China National Offshore Oil Corporation, and Petronas are also expanding their operations to capitalize on the region's rapidly growing market
- In terms of technology, Volatile Organic Compounds (VOC) analyzers are in demand as they detect various gases such as propane, methane, and carbon dioxide
- North America dominated the market in 2020 owing to the 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
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 Leak Detection and Repair (LDAR) Market - Industry Snapshot & Key Buying Criteria, 2016 - 2028
- 2.2 Global Leak Detection And Repair (LDAR) Market, 2016-2028
- 2.2.1 Leak detection and repair market, by region, 2016 - 2028
- 2.2.2 Leak detection and repair market, by component, 2016 - 2028
- 2.2.3 Leak detection and repair market, by product, 2016 - 2028
- 2.2.4 Leak detection and repair market, by technology, 2016 - 2028
Chapter 3 Leak Detection And Repair (LDAR) Industry Outlook
- 3.1 Market Segmentation & Scope
- 3.2 Leak Detection and Repair (LDAR) Market Dynamics
- 3.2.1 Market driver analysis
- 3.2.1.1 Increasing oil and gas pipeline infrastructure
- 3.2.1.2 Stringent government regulations to curb methane emissions
- 3.2.1.3 Increased adoption of natural gas-based power plants
- 3.2.2 Market restraint analysis
- 3.2.2.1 Challenges involved in leak detection in harsh environmental conditions
- 3.2.2.2 The oil and gas upstream segment forges ahead with cost-cutting
- 3.2.3 Market challenge analysis
- 3.2.3.1 Multiple components' leaks add to increased complexity in detection
- 3.2.3.2 Global focus on the development of renewable energy generation projects
- 3.3 Market Size and Growth Prospects
- 3.4 Leak Detection and Repair (LDAR) - Porter's Five Forces Analysis
- 3.5 Leak Detection and Repair (LDAR) Market - Company Ranking Analysis, 2020
- 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) Product Outlook
- 4.1 Leak Detection and Repair Market Share by Product, 2020 & 2028
- 4.2 Handheld Gas Detectors
- 4.2.1 Handheld gas detectors in leak detection and repair market, 2016 - 2028
- 4.3 UAV-Based Detectors
- 4.3.1 UAV-based detectors in leak detection and repair market, 2016 - 2028
- 4.4 Vehicle-based Detectors
- 4.4.1 Vehicle-based detectors in leak detection and repair market, 2016 - 2028
- 4.5 Manned Aircraft Detectors
- 4.5.1 Manned aircraft detectors in leak detection and repair market, 2016 - 2028
Chapter 5 Leak Detection And Repair (LDAR) Technology Outlook
- 5.1 Leak Detection and Repair Market Share by Technology, 2020 & 2028
- 5.2 Volatile Organic Compounds (VOC) Analyzer
- 5.2.1 Volatile Organic Compounds (VOC) analyzer in leak detection and repair market, 2016 - 2028
- 5.3 Optical Gas Imaging (OGI)
- 5.3.1 Optical Gas Imaging in leak detection and repair market, 2016 - 2028
- 5.4 Laser Absorption Spectroscopy
- 5.4.1 Laser absorption spectroscopy in leak detection and repair market, 2016 - 2028
- 5.5 Ambient/Mobile Leak Monitoring
- 5.5.1 Ambient/mobile leak monitoring in leak detection and repair market, 2016 - 2028
- 5.6 Acoustic Leak Detection
- 5.6.1 Acoustic leak detection in leak detection and repair market, 2016 - 2028
- 5.7 Audio-Visual-Olfactory Inspection
- 5.7.1 Audio-visual-olfactory inspection in leak detection and repair market, 2016 - 2028
Chapter 6 Leak Detection And Repair (LDAR) Regional Outlook
- 6.1 Leak Detection And Repair (LDAR) Market Share by Region, 2020 & 2028
- 6.2 North America
- 6.2.1 North America leak detection and repair market, 2016-2028
- 6.2.2 North America leak detection and repair market, by component, 2016 - 2028
- 6.2.3 North America leak detection and repair market, by product, 2016 - 2028
- 6.2.4 North America leak detection and repair market, by technology, 2016 - 2028
- 6.2.5 U.S.
- 6.2.5.1 U.S. leak detection and repair market, 2016 - 2028
- 6.2.5.2 U.S. leak detection and repair market, by component, 2016 - 2028
- 6.2.5.3 U.S. leak detection and repair market, by product, 2016 - 2028
- 6.2.5.4 U.S. leak detection and repair market, by technology, 2016 - 2028
- 6.2.6 Canada
- 6.2.6.1 Canada leak detection and repair market, 2016 - 2028
- 6.2.6.2 Canada leak detection and repair market, by component, 2016 - 2028
- 6.2.6.3 Canada leak detection and repair market, by product, 2016 - 2028
- 6.2.6.4 Canada leak detection and repair market, by technology, 2016 - 2028
- 6.3 Europe
- 6.3.1 Europe leak detection and repair market, 2016-2028
- 6.3.2 Europe leak detection and repair market, by component, 2016-2028
- 6.3.3 Europe leak detection and repair market, by product, 2016-2028
- 6.3.4 Europe leak detection and repair market, by technology, 2016-2028
- 6.3.5 U.K.
- 6.3.5.1 U.K. leak detection and repair market, 2016-2028
- 6.3.5.2 U.K. leak detection and repair market, by component, 2016 - 2028
- 6.3.5.3 U.K. leak detection and repair market, by product, 2016 - 2028
- 6.3.5.4 U.K. leak detection and repair market, by technology, 2016 - 2028
- 6.3.6 Germany
- 6.3.6.1 Germany leak detection and repair market, 2016 - 2028
- 6.3.6.2 Germany leak detection and repair market, by component, 2016 - 2028
- 6.3.6.3 Germany leak detection and repair market, by product, 2016 - 2028
- 6.3.6.4 Germany leak detection and repair market, by technology, 2016 - 2028
- 6.3.7 Russia
- 6.3.7.1 Russia leak detection and repair market, 2016 - 2028
- 6.3.7.2 Russia leak detection and repair market, by component, 2016 - 2028
- 6.3.7.3 Russia leak detection and repair market, by product, 2016 - 2028
- 6.3.7.4 Russia leak detection and repair market, by technology, 2016 - 2028
- 6.4 Asia Pacific
- 6.4.1 Asia Pacific leak detection and repair market, 2016 - 2028
- 6.4.2 Asia Pacific leak detection and repair market, by component, 2016 - 2028
- 6.4.3 Asia Pacific leak detection and repair market, by product, 2016 - 2028
- 6.4.4 Asia Pacific leak detection and repair market, by technology, 2016 - 2028
- 6.4.5 China
- 6.4.5.1 China leak detection and repair market, 2016 - 2028
- 6.4.5.2 China leak detection and repair market, by component, 2016 - 2028
- 6.4.5.3 China leak detection and repair market, by product, 2016 - 2028
- 6.4.5.4 China leak detection and repair market, by technology, 2016 - 2028
- 6.4.6 India
- 6.4.6.1 India leak detection and repair market, 2016 - 2028
- 6.4.6.2 India leak detection and repair market, by component, 2016 - 2028
- 6.4.6.3 India leak detection and repair market, by product, 2016 - 2028
- 6.4.6.4 India leak detection and repair market, by technology, 2016 - 2028
- 6.4.7 Japan
- 6.4.7.1 Japan leak detection and repair market, 2016 - 2028
- 6.4.7.2 Japan leak detection and repair market, by component, 2016 - 2028
- 6.4.7.3 Japan leak detection and repair market, by product, 2016 - 2028
- 6.4.7.4 Japan leak detection and repair market, by technology, 2016 - 2028
- 6.5 Latin America
- 6.5.1 Latin America leak detection and repair market, 2016 - 2028
- 6.5.2 Latin America leak detection and repair market, by component, 2016 - 2028
- 6.5.3 Latin America leak detection and repair market, by product, 2016 - 2028
- 6.5.4 Latin America leak detection and repair market, by technology, 2016 - 2028
- 6.5.5 Brazil
- 6.5.5.1 Brazil leak detection and repair market, 2016 - 2028
- 6.5.5.2 Brazil leak detection and repair market, by component, 2016 - 2028
- 6.5.5.3 Brazil leak detection and repair market, by product, 2016 - 2028
- 6.5.5.4 Brazil leak detection and repair market, by technology, 2016 - 2028
- 6.5.6 Mexico
- 6.5.6.1 Mexico leak detection and repair market, 2016 - 2028
- 6.5.6.2 Mexico leak detection and repair market, by component, 2016 - 2028
- 6.5.6.3 Mexico leak detection and repair market, by product, 2016 - 2028
- 6.5.6.4 Mexico leak detection and repair market, by technology, 2016 - 2028
- 6.5.7 Venezuela
- 6.5.7.1 Venezuela leak detection and repair market, 2016 - 2028
- 6.5.7.2 Venezuela leak detection and repair market, by component, 2016 - 2028
- 6.5.7.3 Venezuela leak detection and repair market, by product, 2016 - 2028
- 6.5.7.4 Venezuela leak detection and repair market, by technology, 2016 - 2028
- 6.6 Middle East & Africa
- 6.6.1 MEA leak detection and repair market, 2016 - 2028
- 6.6.2 MEA leak detection and repair market, by component, 2016 - 2028
- 6.6.3 MEA leak detection and repair market, by product, 2016 - 2028
- 6.6.4 MEA leak detection and repair market, by technology, 2016 - 2028
Chapter 7 Competitive Landscape
- 7.1 Aeris Technologies, Inc.
- 7.1.1 Company overview
- 7.1.2 Product benchmarking
- 7.1.3 Strategic initiatives
- 7.2 IBM Thomas J. Watson Research Center
- 7.2.1 Company overview
- 7.2.2 Projects
- 7.3 Bridger Photonics, Inc.
- 7.3.1 Company overview
- 7.3.2 Projects
- 7.3.3 Strategic initiatives
- 7.4 LI-COR, Inc.
- 7.4.1 Company overview
- 7.4.2 Product benchmarking
- 7.4.3 Strategic initiatives
- 7.5 Duke University
- 7.5.1 University overview
- 7.5.2 Projects
- 7.6 Colorado State University
- 7.6.1 University overview
- 7.6.2 Projects
- 7.7 Palo Alto Research Center
- 7.7.1 Center overview
- 7.7.2 Projects
- 7.8 Maxion Technologies Inc.
- 7.8.1 Center overview
- 7.8.2 Projects
- 7.9 Rebellion Photonics
- 7.9.1 Company overview
- 7.9.2 Product benchmarking
- 7.9.3 Projects
- 7.9.4 Strategic initiatives
- 7.10 Physical Sciences Inc.
- 7.10.1 Company overview
- 7.10.2 Projects
- 7.11 Avitas Systems
- 7.11.1 Company overview
- 7.11.2 Product benchmarking
- 7.11.3 Strategic initiatives
- 7.12 PrecisionHawk
- 7.12.1 Company overview
- 7.12.2 Product benchmarking
- 7.12.3 Strategic initiatives
- 7.13 SeekOps, Inc.
- 7.13.1 Company overview
- 7.13.2 Products benchmarking
- 7.13.3 Strategic initiatives
- 7.14 Advisian
- 7.14.1 Company overview
- 7.14.2 Financial performance
- 7.14.3 Products benchmarking
- 7.15 Ball Aerospace & Technologies Corp.
- 7.15.1 Company overview
- 7.15.2 Financial performance
- 7.15.3 Products benchmarking
- 7.16 Gas Ops Leak Detectives, LLC (G.O.L.D. LLC).
- 7.16.1 Company overview
- 7.16.2 Products benchmarking
- 7.17 Guideware Systems, LLC.
- 7.17.1 Company overview
- 7.17.2 Software benchmarking
- 7.18 Summit Inspections Services, Inc.
- 7.18.1 Company overview
- 7.18.2 Products benchmarking
- 7.19 GHD, Inc.
- 7.19.1 Company overview
- 7.19.2 Strategic initiatives
- 7.20 ERM Group, Inc.
- 7.20.1 Company overview
- 7.20.2 Strategic initiatives
- 7.21 AECOM
- 7.21.1 Company overview
- 7.21.2 Financial performance
- 7.21.3 Projects benchmarking
- 7.21.4 Strategic initiatives
- 7.22 Guardian Compliance
- 7.22.1 Company overview
- 7.22.2 Product benchmarking
- 7.22.3 Strategic initiatives
- 7.23 ABB Ltd.
- 7.23.1 Company overview
- 7.23.2 Financial performance
- 7.23.3 Product benchmarking
- 7.23.4 Strategic initiatives
- 7.24 Chicago Bridge & Iron Company N.V.
- 7.24.1 Company overview
- 7.24.2 Financial performance
- 7.24.3 Projects benchmarking
- 7.24.4 Strategic initiatives
- 7.25 Heath Consultants
- 7.25.1 Company overview
- 7.25.2 Product benchmarking
- 7.26 ENCOS, Inc.
- 7.26.1 Company overview
- 7.26.2 Product benchmarking
- 7.27 Team Inc.
- 7.27.1 Company overview
- 7.27.2 Financial performance
- 7.27.3 Projects benchmarking
- 7.28 VelocityEHS
- 7.28.1 Company overview
- 7.28.2 Projects benchmarking
- 7.28.3 Strategic initiatives
- 7.29 Picarro Inc.
- 7.29.1 Company overview
- 7.29.2 Product benchmarking
- 7.30 Microdrones GmbH
- 7.30.1 Company overview
- 7.30.2 Projects benchmarking
- 7.30.3 Strategic initiatives
- 7.31 Boreal Laser Inc.
- 7.31.1 Company overview
- 7.31.2 Projects benchmarking
- 7.31.3 Strategic initiatives
- 7.32 Kairos Aerospace
- 7.32.1 Company overview
- 7.32.2 Projects benchmarking
比較リスト
