North America Oil & Gas Pipeline Leak and Theft Detection Market growth to Grow with a robust CAGR through to 2028
Advances in sensor technologies, data analytics, and
remote monitoring capabilities are expected to drive the North America Oil
& Gas Pipeline Leak and Theft Detection Market growth in the forecast
period, 2024-2028.
According to TechSci Research report, “North
America Oil & Gas Pipeline Leak and Theft Detection Market - By Country,
Competition, Forecast and Opportunities, 2018-2028”, the North America Oil
& Gas Pipeline Leak and Theft Detection Market is expected to register a
robust during the forecast period, 2024-2028. Regulatory bodies in North America, such
as the Pipeline and Hazardous Materials Safety Administration (PHMSA) in the
United States and the National Energy Board (NEB) in Canada, enforce stringent
regulations on pipeline operators. Ensuring compliance with these regulations
is a significant catalyst for the implementation of leak and theft detection
technologies.
The advancement of highly sophisticated
and responsive sensors presents a noteworthy opportunity. Emerging sensor
technologies, including fiber-optic sensors and distributed acoustic sensing,
provide superior precision in detecting leaks and thwarting theft attempts.
Strategic investment in research and development to foster groundbreaking
sensor solutions can confer a competitive advantage upon companies.
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America Oil & Gas Pipeline Leak and Theft Detection Market”
Based on source of revenue, Software segment has
emerged as the predominant market leader. GIS software is utilized for the
creation of pipeline network maps and the integration of geographical data with
pipeline information. This facilitates the visualization of pipeline layout and
the analysis of spatial data to identify potential vulnerabilities. Interactive
dashboard and data visualization software aids operators in swiftly assessing
the pipeline system's health. This includes tools for generating informative
charts, graphs, and heatmaps to effectively represent data. Efficient
communication and reporting software enables the rapid sharing of information
regarding leak or theft incidents, allowing operators to promptly notify
relevant authorities and stakeholders. Some software solutions incorporate
predictive maintenance algorithms that analyze historical data to anticipate
maintenance requirements and prevent potential issues. Seamless integration
with various sensors, IoT devices, and other data sources along the pipeline is
crucial for comprehensive data gathering. As the use of digital technologies
continues to rise, robust security measures must be integrated into software
solutions to mitigate cyber threats. Moreover, the adoption of artificial
intelligence and machine learning is increasingly prevalent, enhancing
detection accuracy and reducing false alarms.
Based on technology, Vapor sensing segment is expected
to grow during the forecast period. Infrared spectroscopy sensors are capable
of detecting specific hydrocarbon gases through the absorption of distinct
infrared wavelengths. The measurement of hydrocarbon concentrations is achieved
using FID, which detects ionized species resulting from the combustion of
hydrocarbons in a hydrogen flame. Vapor sensing is another method employed to
identify unauthorized tapping or theft attempts by monitoring changes in vapor
emissions at specific points along the pipeline. With the advancement of
technology, many vapor sensing systems now offer wireless connectivity,
enabling remote monitoring and data transmission. This feature proves
especially valuable in large and geographically dispersed pipeline networks.
Ongoing research and development efforts aim to enhance the sensitivity and
selectivity of vapor sensing systems, reducing false alarms and improving
detection accuracy. To summarize, vapor sensing systems play a crucial role in
the North American Oil & Gas Pipeline industry, facilitating both leak and
theft detection. These systems leverage various technologies to identify the
presence of relevant gases, ensuring comprehensive detection capabilities.
Major companies operating in North America Oil &
Gas Pipeline Leak and Theft Detection Market are:
- Honeywell International Inc.
- Schneider Electric SE
- Siemens AG
- Emerson Electric Co.
- ABB Ltd
- Pure Technologies
- Atmos International
- Perma-Pipe Inc.
- FLIR Systems, Inc.
- Krohne Group
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“United States is expected to dominate the market
during the forecast period.
The
United States leads in technological advancements in the oil and gas industry. Domestic
companies actively develop and adopt state-of-the-art technologies like IoT,
AI, and machine learning for pipeline monitoring and detection. These advanced
solutions enhance detection accuracy, minimize false alarms, and enable
predictive maintenance,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based management consulting firm.
“North
America Oil & Gas Pipeline Leak and Theft Detection Market By Location of
Application (Buried, Subsea and Petrochemical), By Method of Leak (Internal and
External), By Source of Revenue (Hardware, Software and Aftersales services),
By Equipment (Flowmeters, Cable sensors, Pressure sensors, Acoustic sensors and
Others), By Technology (Ultrasonic/acoustic, Vapor sensing, Fiber optic, Flow monitoring
and Others), By Country, By Competition Forecast & Opportunities, 2018-2028”,
has evaluated the future growth potential of North America Oil & Gas
Pipeline Leak and Theft Detection Market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and analyzes
the emerging trends along with essential drivers, challenges, and opportunities
in North America Oil & Gas Pipeline Leak and Theft Detection Market.
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