Press Release

Europe Oil & Gas Pipeline Leak and Theft Detection Market to Cross $0.40 Billion by 2022

Increasing exploration and production, rising investments in further expanding pipeline infrastructure and growing demand for oil & gas are expected to fuel demand for oil & gas pipeline leak and theft detection systems in Europe through 2022

According to a recently published TechSci Research report, Europe Oil & Gas Pipeline Leak and Theft Detection Market By Onshore Vs. Offshore, By Application, By Source of Revenue, By Equipment, and By Technology Competition Forecast & Opportunities, 2012–2022, the market of Oil & Gas pipeline leak and theft detection is anticipated to cross $0.40 billion by 2022. Demand for natural gas is rising majorly for power generation, which is one of the major factor fueling oil & gas pipeline infrastructure in Europe. Gazprom, BASF, EON, ENGIE, OMV and Shell together have decided to construct the Nord Stream 2 Gas Pipeline System. This project is expected to have a capacity of 55 billion cubic meters per annum of gas from Russia to Germany across the Baltic Sea. During 2017-2022, oil & gas pipeline leak and theft detection market in Europe is expected to witness moderate growth as the region is conducive for investments in pipeline infrastructure. Use of flowmeters is anticipated to increase in the coming years, while fiber optic is likely to be the most preferred external method of leak detection in Europe through the forecast period.

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“Nearly 86% of crude oil demand in Europe in 2006 was met through imports and is forecast to reach 90% by 2022. This indicates high dependence on crude oil imports. Hence, oil & gas pipeline infrastructure in Europe is expected to expand further in the coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

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Europe Oil & Gas Pipeline Leak and Theft Detection Market By Onshore Vs. Offshore, By Application, By Source of Revenue, By Equipment, and By Technology Competition Forecast & Opportunities, 2012–2022has evaluated the future growth potential of Europe Oil & Gas pipeline leak and theft detection market and provides statistics and information on market structure. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges available in Europe Oil & Gas pipeline leak and theft detection market.

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Relevant Reports

Europe Oil & Gas Pipeline Leak and Theft Detection Market By Onshore Vs. Offshore, By Application (Buried, Subsea & Refinery/Petrochemical), By Source of Revenue, By Equipment, By Technology Competition Forecast & Opportunities, 2012–2022

Oil and Gas | May, 2017

Increasing exploration and production, rising investments in further expanding pipeline infrastructure and growing demand for oil & gas are expected to fuel demand for oil & gas pipeline leak and theft detection systems in Europe through 2022

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