Demand for Pipeline Leak and Theft Detection Technologies Surge in South America
Aging
oil fields, growing
environmental concerns and increasing research & development activities to
propel South America oil & gas pipeline leak and theft detection market through 2022
According to a recently published
TechSci Research report, “South
America 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 $0.09 Billion by 2022. The major reasons for decline in oil & gas
pipeline leak and theft detection market in South America during 2012-2016,
were aging oil fields and lack of investments in countries such as Venezuela
and Columbia. However, due to recovering crude
prices demand for oil & gas is also consequently growing from various
countries in the region. Moreover, import of oil & gas is also rising,
which is expected to fuel growth in South America oil & gas pipeline
leak and theft detection market in the coming years.
Browse 21 Figures spread through 76 Pages and an
in-depth TOC on "South America Oil & Gas Pipeline Leak and Theft
Detection Market"
https://www.techsciresearch.com/report/south-america-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/1021.html
“Demand for oil & gas across the
region is growing and proper infrastructure of pipelines is needed for safe
mode to transportation from one place to another. Hence, in order to cater both
the domestic as well as the international marker, demand for pipeline leak and
theft detection in South America is forecast to rise through 2022.”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
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“South America 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 the future growth potential of South America 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 South America oil & gas pipeline leak and theft detection market.
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