Global Leak Detection and Repair Market: Industry Analysis and Forecast (2021-2027) by Product, Type, Price, Distribution channel, End Use, and Region.

Global Leak Detection and Repair Market was worth US$ xx Bn in 2019, and overall revenue is anticipated to rise at a rate of 5.20% from 2021 to 2027, reaching almost US$ 26.24 Bn In 2027. 2019 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years trends are considered while forecasting the market through 2026. 2020 is a year of exception and analysed especially with the impact of lockdown by region. Global Leak Detection and Repair Market To know about the Research Methodology :- Request Free Sample Report

Global Leak Detection and Repair Market Overview:

The Leak Detection and Repair market is mostly made up of equipment that helps in the control of harmful air pollutants. It helps in the reduction of harmful chemical compounds emissions into the atmosphere from chemical production and petroleum refineries. Detection systems are in great demand due to increased hazards in oil operations and offshore oil infrastructure. For instance, Neptune Energy announced gas production from Adorf Carboniferous in Germany in February 2020. The leak detection and repair (LDAR) market is a system for repairing leaking components such as pumps, connectors, valves, agitators, and compressors to reduce hazardous air pollutants (HAPs) and volatile organic compounds (VOCs) emissions.

Global Leak Detection and Repair Market Dynamics:

LDAR systems have three main objectives: cost savings, worker and community safety, and environmental conservation. Petroleum refineries have reduced their emissions by 63%, while chemical plants have reduced VOC emissions by 56 %, thanks to the use of leak detection and repair systems. A leak detection and repair system saves USD 730,000 per year, according to figures provided by the Environmental Protection Agency. As a result, the demand for leak detection and repair has surged in recent days as a result of the desire to reduce dangerous gas leaks. Gas leak detection systems are in high demand in the industrial food processing and HVAC industries. People nearby suffer from health problems as a result of extended exposure to ammonia, which is used as a refrigerant in food packaging. CO2 is dangerous to human health if it is present in high concentrations, according to Bacharach, a Pennsylvania-based solution firm. According to the US Pipeline and Hazardous Materials Safety Administration (PHMSA), significant pipeline leaks generated approximately USD 7.7 billion in losses between January 2005 and June 2020. Approximately 83% of these losses were compensated by the industry, while the remaining 17% were covered by the general public. According to the Environmental Protection Agency (EPA), leaks result in the loss of 1.4% of natural gas produced. In 2019, the gas loss totalled approximately 471,000 mmcf, with the city gate price of gas at USD 3.80/mcf, resulting in a loss of USD 1.8 billion. Though the demand for leak detection systems has grown in recent years, retrofitting issues with some leak detection systems, such as distributed temperature sensing (DTS) and distributed acoustic sensing (DAS) systems based on fiber optics, are restricting the market's growth. Fibre-optic leak detection systems are difficult and expensive to adapt to existing pipelines. Longer pipelines (> 50km) require many interrogator units, which raises sensor and interrogator system installation costs. Continuous operations and rapid leak detection are required for the preferred subsea leak detection systems. They should be affordable, irrespective of flow conditions, and easily constructed and installed. However, the majority of leak detection methods available are not totally adequate for arctic environments. Some of these technologies are unable to offer information on the identity, location, and quantification and classification of leakages (small, medium, and large leakages). Oil and gas pipeline systems are typically dispersed across a vast geographic area and are managed by a command and control center using a variety of communication methods. The need to improve the performance of these centers and leakage detection systems that provide a better understanding of leaks and their characteristics are growing.

Global Leak Detection and Repair Market Segment Analysis:

The market segment of the Leak Detection and Repair Market varies from different sectors by product, technology, and region. Based on product, the market is divided into four types of products: Handheld gas detectors, UAV-based detectors, vehicle-based detectors, and Manned aircraft detectors. In 2020, the handheld gas detector segment dominated the market, accounting for about 37.0% of the market. Because of their cost-effectiveness and portability, handheld gas detectors are used to check for gas leaks. Different gases, such as methane, carbon dioxide, ammonia, and methane, are detected with these detectors. The need for handheld gas detectors in the oil and gas industry is expanding due to rising natural gas output and increased trading of oil and gas products. Over the forecast period, the vehicle-based detector segment is expected to increase at a rapid rate. Car-based detectors are put on the vehicle tops to search for gas leaks in the surrounding region. These detectors work in both driving and parking situations. Furthermore, vehicle-based detectors feature a built-in GPS receiver that properly captures leak locations. All of these factors contribute to the segment's growth. Based on technology, the market is bifurcated into, volatile organic compound (VOC) analyser, Optical gas imaging (OGI), laser absorption spectroscopy, mobile leak monitoring, acoustic leak detection. In 2020, the market for Volatile Organic Compounds (VOC) Analysers will dominate, accounting for more than 30.0 % of revenue. The volatile organic compound group encompasses gases such as propane, N-butane, N-pentane, and N-octane. In comparison to the outdoor environment, the concentration of a VOC is higher inside. Cleaning materials, paints, glues, and printing equipment are all examples of VOCs that are emitted inside a building. VOC detectors are primarily used to detect volatile organic compounds quickly and accurately. Over the forecast period, the optical gas imaging segment is expected to increase at the fastest rate. Optical gas imaging is a thermal imaging technique that detects small particulate matter from the oil and gas industries using highly sensitive infrared cameras. In industries such as pulp and paper, petrochemical, natural gas processing plants, and power generation plants, optical gas imaging detectors are in high demand. These detectors are used to detect gas leaks from a safe distance, reducing environmental and personnel concerns. Global Leak Detection and Repair Market

Global Leak Detection and Repair Market Regional Insights:

North America dominated the leak detection and repair market in 2020, with 53.0 %. The presence of strict government laws and norms can be credited to the region's progress. On hazardous liquid pipelines, the United States' pipeline leak detection rule mandates the installation of a leak detection system. The United States government's backing for the oil and gas industry is also propelling the country's industrial development. As the oil and gas sector expands in the United States, so does the demand for leak detection and repair equipment. Furthermore, government subsidies to the oil and gas industries are fuelling regional market expansion. Over the forecast period, the Asia Pacific region is expected to increase significantly. The expanding global demand for natural gas is driving the region's need for leak detection and repair solutions. As natural gas output climbs in countries like China, leak detection and repair technologies are becoming more crucial. As a result, increased oil and gas production, as well as the construction of oil and gas pipelines, are two major drivers of market expansion in the region. Global Leak Detection and Repair Market The objective of the report is to present a comprehensive analysis of the Leak Detection and Repair Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Leak Detection and Repair Market dynamics, structure by analyzing the market segments and projects the Leak Detection and Repair Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Leak Detection and Repair Market make the report investor’s guide.

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Global Leak Detection and Repair Market

Global Leak Detection and Repair Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Global Leak Detection and Repair Market key Player

• Aeris Technologies, Inc. • IBM Thomas J. Watson Research Center • Bridger Photonics, Inc. • LI-COR, Inc. • Duke University • Colorado State University • Palo Alto Research Center • Maxion Technologies Inc. • Rebellion Photonics • Physical Sciences Inc. • Avitas Systems • PrecisionHawk • SeekOps, Inc. • Advisian • Ball Aerospace & Technologies Corp.

Frequently Asked Questions:

1) What was the market size of the Global Leak Detection and Repair Market in 2027? Ans - Leak Detection and Repair Market was worth US$ 26.24 Bn in 2019. 2) What are the market segment of the Global Leak Detection and Repair Market? Ans - The market segments are based on product and Technology. 3) What is the forecast period considered for the Global Leak Detection and Repair Market market? Ans - The forecast period for Leak Detection and RepairMarket is 2021 to 2027. 4) Which are the worldwide major key players covered Global Leak Detection and Repair Market Report? Ans - Aeris Technologies, Inc., IBM Thomas J. Watson Research Center, Bridger Photonics, Inc., LI-COR, Inc., Duke University, Colorado State University, Palo Alto Research Center, Maxion Technologies Inc. 5) Which region is dominated in Global Leak Detection and Repair Market? Ans – In 2019, the North America region dominated Leak Detection and Repair Market Market
1.Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Leak Detection and Repair Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Office Peripheral and Products Market 3.4. Geographical Snapshot of the Office peripheral and Products Market, By Manufacturer share 4. Leak Detection and Repair Market Overview, 2019-2026 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Office Peripheral and Product Market 5. Supply Side and Demand Side Indicators 6. Leak Detection and Repair Market Analysis and Forecast, 2019-2026 6.1. Office Peripheral and Product Market Size & Y-o-Y Growth Analysis. 7. Leak Detection and Repair Market Analysis and Forecasts, 2019-2026 7.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 7.1.1. Handheld gas detector 7.1.2. UAV based detector 7.1.3. vehicle based detector 7.1.4. Manned aircraft detector 7.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 7.2.1. volatile organic compound (VOC) analyzer 7.2.2. Optical gas imaging (OGI) 7.2.3. laser absorption spectroscopy 7.2.4. mobile leak monitoring 7.2.5. Acoustic leak detection. 8. Leak Detection and Repair Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2019-2026 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Leak Detection and Repair Market Analysis and Forecasts, 2019-2026 9.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 9.1.1. Handheld gas detector 9.1.2. UAV based detector 9.1.3. vehicle based detector 9.1.4. Manned aircraft detector 9.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 9.2.1. volatile organic compound (VOC) analyzer 9.2.2. Optical gas imaging (OGI) 9.2.3. laser absorption spectroscopy 9.2.4. mobile leak monitoring 9.2.5. Acoustic leak detection 10. North America Leak Detection and Repair Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Leak Detection and Repair Market Analysis and Forecasts, 2019-2026 11.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 11.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 12. Canada Leak Detection and Repair Market Analysis and Forecasts, 2019-2026 12.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 12.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 13. Mexico Leak Detection and Repair Market Analysis and Forecasts, 2019-2026 13.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 13.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 14. Europe Market Analysis and Forecasts, 2019-2026 14.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 14.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 15. Europe Leak Detection and Repair Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Leak Detection and Repair Market Analysis and Forecasts, 2019-2026 16.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 16.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 17. France Market Analysis and Forecasts, 2019-2026 17.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 17.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 18. Germany Leak Detection and Repair Market Analysis and Forecasts, 2019-2026 18.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 18.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 19. Italy Office Leak Detection and Repair Market Analysis and Forecasts, 2019-2026 19.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 19.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 20. Spain Leak Detection and Repair Market Analysis and Forecasts, 2019-2026 20.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 20.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 21. Sweden Leak Detection and Repair Market Analysis and Forecasts, 2019-2026 21.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 21.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 22. CIS Countries Leak Detection and Repair Market Analysis and Forecasts, 2019-2026 22.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 22.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 23. Rest of Leak Detection and Repair Market Analysis and Forecasts, 2019-2026 23.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 23.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 24. Asia Pacific Leak Detection and Repair Market Analysis and Forecasts, 2019-2026 24.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 24.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 25. Asia Pacific Leak Detection and Repair Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Leak Detection and Repair Market Analysis and Forecasts, 2019-2026 26.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 26.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 27. India Leak Detection and Repair Market Analysis and Forecasts, 2019-2026 27.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 27.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 28. Japan Leak Detection and Repair Market Analysis and Forecasts, 2019-2026 28.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 28.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 29. South Leak Detection and Repair Market Analysis and Forecasts, 2019-2026 29.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 29.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 30. Australia Leak Detection and Repair Market Analysis and Forecasts, 2019-2026 30.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 30.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 31. ASEAN Leak Detection and Repair Market Analysis and Forecasts, 2019-2026 31.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 31.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 31.3. 32. Rest of Asia Pacific Leak Detection and Repair Market Analysis and Forecasts, 2019-2026 32.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 32.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 33. Middle East Africa Leak Detection and Repair Market Analysis and Forecasts, 2019-2026 33.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 33.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 34. Middle East Africa Leak Detection and Repair Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2019-2026 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Leak Detection and Repair Market Analysis and Forecasts, 2019-2026 35.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 35.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 36. GCC Countries Leak Detection and Repair Market Analysis and Forecasts, 2019-2026 36.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 36.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 37. Egypt Leak Detection and Repair Market Analysis and Forecasts, 2019-2026 37.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 37.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 38. Nigeria Leak Detection and Repair Market Analysis and Forecasts, 2019-2026 38.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 38.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 39. Rest of ME &A Leak Detection and Repair Market Analysis and Forecasts, 2019-2026 39.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 39.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 40. South America Leak Detection and Repair Market Analysis and Forecasts, 2019-2026 40.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 40.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 41. South America Leak Detection and Repair Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2019-2026 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Leak Detection and Repair Market Analysis and Forecasts, 2019-2026 42.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 42.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 43. Argentina Leak Detection and Repair Market Analysis and Forecasts, 2019-2026 43.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 43.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 44. Rest of South America Leak Detection and Repair Market Analysis and Forecasts, 2019-2026 44.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 44.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Office Peripheral and Product Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Technology’s and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Cannon 45.3.3. Dell 45.3.4. Epson 45.3.5. Gcc printer 45.3.6. AccBanker LED 420 45.3.7. ZY Tech Co., Ltd.; 45.3.8. International Empire Traders 45.3.9. Ozone Group; 45.3.10. Yale (ASSA ABLOY); 45.3.11. American Shredder, Inc.; Ameri-Shred; 45.3.12. Aurora Corp of America; 45.3.12. Dahle North America, Inc.; 45.3.13. Brother International Corporation; 45.3.14. Konica Minolta Business Solution U.S.A., Inc 45.3.15. Ricoh Company Ltd. 45.3.2. Other Key Players 46. Primary Key Insights

About This Report

Report ID114216
Category Electronics
Published DateJul 2021
Updated Date
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