Pipeline Leak and Theft Detection Technologies Demand Growing in Middle East & Africa
With recent
discoveries of onshore and offshore oil & gas reserves coupled and rising
number of pilferages are anticipated to propel growth in Middle East &
Africa oil & gas pipeline leak detection market
According to a recently published
TechSci Research report, “Middle
East & Africa 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”, oil & gas
pipeline leak
and theft detection is
anticipated to cross $0.20 billion by 2022. Oil & gas pipeline leak and theft detection
market in MEA is likely to witness moderate growth during 2017-2022, owing to
construction of new oil & gas pipelines in the region. Moreover, the market
slowly recovered over the past few years and is expected to rise further during
2017-2022, on account of growing investments in further expanding oil & gas
pipeline infrastructure across the region. Development banks and organizations
such as the African Development Bank and IMF have been investing in oil &
gas transport infrastructure in the country, to secure energy supply across the
region.
Browse 23 Figures spread through 74 Pages and an
in-depth TOC on "MEA Oil & Gas Pipeline Leak and Theft Detection
Market"
https://www.techsciresearch.com/report/middle-east-africa-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/1014.html
“As per IMF, during the first half of
2015, Government of Uganda agreed to spend $ 11 billion over the next 10 years
to boost the country’s infrastructure. This investment involves construction of
crude oil pipelines, small scale refineries and product pipelines. Hence, such developments
are expected to fuel growth in oil & gas pipeline leak and theft detection
market in MEA through 2022.”,
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
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“Middle East & Africa 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” has evaluated future
growth potential of Middle East
& Africa 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 Middle East & Africa oil & gas
pipeline leak and theft detection market.
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