Oil & Gas Leak Detection Market Research Report

 

Global Oil and Gas Leak Detection Market

The GMI Research speculates that the Oil and Gas Leak Detection Market will expand at a faster CAGR over the forecast period. This is because of the potential of the system to administer leakages without any interference and the growing production of oil & gas and investigation projects.  

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Oil and Gas Leak Detection Market Dynamics

The augmenting investment in various sources of offshore energy by leading market players and increasing introduction of new pipelines throughout the world are the foremost drivers compounding the growth of the global oil & gas leak detection market. In addition, the rising incidences of oil and gas spillage and the surging consciousness to evade overflow have further supplemented the market growth. For example, the European Space Agency satellites, in 2020, discerned various trails of the impalpable planet-warming gas methane leaking from the Yamal pipeline, which transfers the gas from Siberia to Europe.

Besides this, several rigorous norms imposed by the government to avert overspills in the environment is another factor contributing to the market growth. For instance, the oil & gas leak detection market report states that the National Energy Technology Laboratory extended the function of methane leak detection technology with the Southwest Research Institute (SwRI) of San Antonio, Texas, to incorporate the machine learning-based algorithms for the measurement of fugitive methane leakages commonly unnoticed in the pipelines and storage facilities. However, the decrease in the prices of oil and complexities related to the reassembling of these systems has hindered the oil & gas leak detection market size.

Oil and Gas Leak Detection Market Segmentation:

Segmentation by Medium
  • Natural Gas
  • Oil & Condensate
Segmentation by Technology
  • Extended Real-Time Transient Model (E-RTTM)
  • Acoustic/Ultrasound
  • Mass/Volume Balance
  • Fiber Optic
  • Thermal Imaging
  • Others
Segmentation by Location
  • Offshore
  • Onshore
Segmentation by Region:
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • RoW
    • UAE
    • Brazil
    • South Africa
    • Saudi Arabia

About GMI Research

A research and consulting company, GMI Research, offers detailed reports to several small & medium companies. Our market analysis includes inclusive information of key market players across all regions. The team of researchers and analysts support clients in framing judicious strategic business policies to help them achieve a sustainable market growth. The market report summarizes present dynamics and future opportunities to help clients understand potential investment opportunities. We at GMI Research reassure that our clients stay better than others

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Company Name: GMI RESEARCH
Contact Person: Sarah Nash
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