Oil & Gas Pipeline Leak Detection Market - Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2016-2026, Segmented By Type (Upstream, Midstream and Downstream), By Internal v/s External, By Internal Leak Detection Method (Mass Volume Balance, Negative Pressure Wave, Pressure Point Analysis and Real Time Transient Monitoring (RTTM)), By External Leak Detection Method (Fiber Optic Leak Detection, Liquid Sensing Cable, Vapor Sensing Cable, Acoustic Emission), By Application (Onshore & Offshore), By End Use (Buried Pipelines, Subsea Pipelines, Refinery/Petrochemical Complex), By Region

Global oil & gas pipeline leak detection market was valued USD2401 million in 2020 and is anticipated to grow at CAGR of 10.21% through 2026 on account of increasing onshore and offshore oil & gas exploration activities. Moreover, increasing focus on advanced and portable leak detectors to maintain higher safety standards is also driving the growth of the global oil & gas pipeline leak detection market in the upcoming five years.

With the expanding pipeline network and rising demand for fossil fuels, the global oil and gas leak detection system market is likely to gain traction. Pipeline operators can now monitor pipeline operations remotely owing to the advancements in technology. The global pipeline network, which is responsible for the movement of oil and gas products around the globe, is approximately 3.5 million kilometers long. Pipelines are regarded as the safest and most efficient means of transporting hydrocarbons because they are toxic in nature and any spills or leakage can result in significant losses for both the product owner and the environment.

Associated Regulatory Policies for Oil and Gas Leak Detection

Leakage is the most common concern in pipeline operations, resulting in not only product loss but also accidents with the potential to harm the surrounding environment. Pipeline explosions in Minnesota and Nebraska, as well as a gas leak at BP oil well in Alaska in 2017, have prompted legislations requiring pipelines carrying hazardous materials to have a leak detection system. As a result, the global oil and gas pipeline leak detection market for the oil and gas industry is expected to be driven by factors such as rising natural gas production, rising oil and gas product trade, building pipeline infrastructure, and associated regulatory policies. However, variable oil prices are limiting oil producers' cash flow, which is anticipated to have a negative influence on prospective pipeline projects, limiting demand for pipeline leak detection systems in the oil and gas industry.

Rising Oil & Gas Exploration and Production Activities Worldwide

Following the discovery of various oil and gas deposits around the world in recent years, a slew of new oil and gas exploration projects have been launched to meet the world's growing need for oil and gas. As a result, the need for monitoring oil and gas facilities has grown, and so has the demand for leak detection systems. Neptune Energy, for example, announced the first gas production from the Adorf Carboniferous development in northwestern Germany in November 2020. In February 2020, the well reached a final depth of 3,500 meters. At the site, a sophisticated processing plant for natural gas treatment has been built. In the next year, such oil and gas exploration and production activities are likely to fuel the expansion of the leak detection market for oil and gas.

Growing Number of Incidents of Oil & Gas Leakages in Pipelines and Storage Tanks

Leaks of oil and gas are most common in the upstream, midstream, and downstream stages. Globally, oil and gas exploration and production operations have increased as a result of expanding global oil and gas consumption. According to the US Pipeline and Hazardous Materials Safety Administration (PHMSA), pipeline leaks generated approximately USD7.7 billion in losses between January 2005 and June 2020. Approximately 83% of these losses were compensated by the industry, while the remaining 17% were covered by the general public.

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Market Segmentation

The global oil & gas pipeline leak detection market is segmented on the basis of type, internal v/s external, Internal Leak Detection Method, External Leak Detection Method, Application, End Use, competitional landscape, and regional distribution. Based on type, the market is further fragmented into Upstream, Midstream and Downstream. On the basis of application, the market is bifurcated into Onshore & Offshore. Also, segmentation of the market on the grounds of end use is done into pointed end, weight, hole for string, and string.  Based on end user, the market is segmented into Buried Pipelines, Subsea Pipelines and Refinery/Petrochemical Complex. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Asia-Pacific region, North American region, European region, South American region, and Middle East & African region. In terms of country, the United States oil & gas pipeline leak detection market is expected to grow at a CAGR of 9.67% in the forecast period, 2021-2026.

Company Profiles

Honeywell International, Inc., Atmos International Inc., Siemens AG, FLIR Systems Inc., Schneider Electric SA, are among the major market players in the global platform that lead the market growth of the global oil & gas pipeline leak detection market.

Report Scope:

In this report, Global Oil & Gas Pipeline Leak Detection Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Oil & Gas Pipeline Leak Detection Market, By Type:
• Upstream
• Midstream
• Downstream
• Oil & Gas Pipeline Leak Detection Market, By Internal v/s External:
• Internal
• External
• Oil & Gas Pipeline Leak Detection Market, By Internal Leak Detection Method:
• Mass Volume Balance
• Negative Pressure Wave
• Pressure Point Analysis
• Real Time Transient Monitoring (RTTM)
• Oil & Gas Pipeline Leak Detection Market, By External Leak Detection Method:
• Fiber Optic Leak Detection
• Liquid Sensing Cable
• Vapor Sensing Cable
• Acoustic Emission
• Oil & Gas Pipeline Leak Detection Market, By Application:
• Onshore
• Offshore
• Oil & Gas Pipeline Leak Detection Market, By End Use:
• Buried Pipelines
• Subsea Pipelines
• Refinery/Petrochemical Complex
• Oil & Gas Pipeline Leak Detection Market, By Region:
• North America
• United States
• Mexico
• Canada
• Europe
• Russia
• Germany
• Italy
• UK
• France
• Spain
• Asia-Pacific
• China
• India
• Japan
• Indonesia
• Australia
• South Korea
• Middle East & Africa
• Saudi Arabia
• UAE
• South Africa
• South America
• Brazil
• Argentina
• Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global Oil & Gas Pipeline Leak Detection Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).