Increased number of leakages at oil & gas production, pipelines, &storage tanks and government regulations for safety & security are factors driving the growth of the world leak detection market for oil & gas. In addition, expansion upgradation of exploration, pipelines, drilling sites, and refineries supplements the growth. However, high cost and limitations in feasibility are factors hindering the growth of the market. The demand for oil & gas exploration and production activities and environmental concerns would create opportunities in the market.
The world leak detection market for oil & gas is segmented based on technology, type, and geography. On the basis of technology, the market is classified into negative pressure wave, mass-volume balance method, fiber optic cables, E-RTTM, vapor sensing tubes, and others. The types covered in the report include upstream, downstream, and midstream. The regions, such as North America, South & Central America, Europe, Asia-Pacific, and Latin America, Middle East and Africa (LAMEA) would experience tremendous growth.
The prominent companies operating in the market are Honeywell International Inc., Perma-Pipe Inc., PSI AG, Pure Technologies Ltd., Atmos International, TTK, Pentair Ltd., Siemens AG, ClampOn AS, Krohne Group, and Schneider Electric S.E. Expansions, partnerships, collaborations, mergers & acquisitions, joint ventures, and others are some of the strategies adopted by these companies to strengthen their position in the market.
KEY BENEFITS FOR STAKEHOLDERS:
The report offers a detailed analysis of key driving and restraining factors of the world leak detection market for oil & gas.
This report offers an in-depth quantitative analysis of the current market and estimations through 2015 and 2020, which assists in identifying the prevailing market opportunities.
An exhaustive analysis of key strategies adopted by leading manufacturers helps in understanding competitive scenario.
The report provides an extensive analysis of current and future market status of the world leak detection market for oil & gas.
Comprehensive analysis has been done in this report by constructing market estimations for the key market segments between 2015 and 2020.
An extensive analysis of current research and clinical developments withinthe world leak detection market for oil & gas is provided with key market dynamic factors that help in understanding the behavior of the market.
The world leak detection market for oil & gas is segmented into North America, South & Central America, Asia-Pacific, Europe, and Latin America, Middle East and Africa (LAMEA).
KEY MARKET SEGMENTS:
By Technology
Negative Pressure Wave
Mass-Volume Balance Method
Fiber Optic Cables
E-RTTM
Vapor Sensing Tubes
Others
By Type
Upstream
Downstream
Midstream
By Geography
North America
South & Central America
Europe
Asia-Pacific
Latin America, Middle East and Africa (LAMEA)
KEY MARKET PLAYERS:
Honeywell International Inc.
Perma-Pipe Inc.
PSI AG
Pure Technologies Ltd.
Atmos International
TTK
Pentair Ltd.
Siemens AG
ClampOn AS
Krohne Group
Schneider Electric S.E.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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