The Gas And Oil Pipeline Leak Detector Global Market Report 2023, provides comprehensive information on the gas and oil pipeline leak detector market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global oil and gas pipeline leak detector market size is expected to grow from $2.81 billion in 2022 to $2.95 billion in 2023 at a compound annual growth rate (CAGR) of 5.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global oil and gas pipeline leak detector market size is expected to reach $3.56 billion in 2027 at a CAGR of 4.8%.
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Technological advancements are the key trend gaining popularity in the oil and gas pipeline leak detector market. Major companies operating in the oil and gas pipeline leak detector market are focused on developing innovative products to strengthen their position in the market. For instance, in November 2022, Hawk Measurement Systems, a US-based manufacturer that develops level measurement and flows in a pipeline, launched Praetorian System for continuous real-time monitoring of oil and gas pipeline infrastructure. Fiber Optic Sensing (FOS) technology is used in HAWK’s Praetorian System, in which Fiber Optic Cable is put along the pipeline and detects changes in sound, stress, temperature, or vibration, allowing the system to cross-reference and delete spurious signals and uses temperature as well as vibration (multi-variable sensing) to positively identify the leak.
The gas and oil pipeline leak detector market is segmented:
1) By Location: Onshore, Offshore
2) By Medium: Oil And Condensate, Natural Gas
3) By Technology: Acoustic Sensors, Flowmeters, Cable Sensors, Vapor Sensors, Other Technologies
4) By Application: Fiber Optic, Vapor Sensors, Pressure Sensors, Infra-Red Detection, Flowmeters
North America was the largest region in the gas and oil pipeline leak detector market in 2022.
The table of contents in TBRC’s gas and oil pipeline leak detector market report includes:
- Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
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- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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