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.


Click here to download the sample

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.

Attribute

Details

Market size value in 2020

USD2401.32 Million

Revenue Forecast in 2026

USD4390.43 Million

United States Market size value in 2021

USD499.90 Million

Growth Rate

10.21%

Base Year

2020

Historical Years

2016 – 2019

Estimated Year

2021

Forecast Period

2022 – 2026

Quantitative Units

Revenue in USD Million, and CAGR for 2016-2020 and 2021-2026

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Type

·         Internal v/s External

·         Application

·         End Use

Regional Scope

North America; Europe; Asia Pacific; South America; Middle East & Africa

Country Scope

United States; Mexico; Canada; China; India; Japan; South Korea; Australia; Indonesia; Russia, Germany; France; United Kingdom; Spain; Italy; Saudi Arabia; UAE; South Africa; Brazil; Colombia; Argentina;

Key Companies Profiled

Honeywell International, Inc., Atmos International Inc., Siemens AG, FLIR Systems Inc., Schneider Electric SA, Bridger Photonics Inc., ClampOn AS, Pentair PLC, Pure Technologies Ltd., Ttk-Leak Detection System, Yokogawa Electric Corporation

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

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).

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.     Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global Oil & Gas Pipeline Leak Detection Market

4.    Executive Summary

5.    Voice of Customer

5.1.1.     Brand Satisfaction Level

5.1.2.     Major challenges faced by leak detection system providers

5.1.3.     Major factors responsible for leakage in oil & gas pipeline

5.1.4.     Major techniques used for leak detection in oil & gas pipelines

6.    Global Oil & Gas Pipeline Leak Detection Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Type (Upstream, Midstream and Downstream)

6.2.2.     By Internal v/s External

6.2.3.     By Internal Leak Detection Method (Mass Volume Balance, Negative Pressure Wave, Pressure Point Analysis, Real Time Transient Monitoring (RTTM))

6.2.4.     By External Leak Detection Method (Fiber Optic Leak Detection, Liquid Sensing Cable, Vapor Sensing Cable and Acoustic Emission)

6.2.5.     By Application (Onshore v/s Offshore)

6.2.6.     By End Use (Buried Pipelines, Subsea Pipelines and Refinery/Petrochemical Complex)

6.2.7.     By Region  

6.2.8.     By Company

6.3.  Product Market Map

7.    North America Oil & Gas Pipeline Leak Detection Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Type

7.2.2.     By Internal v/s External

7.2.3.     By Internal Leak Detection Method

7.2.4.     By External Leak Detection Method

7.2.5.     By Application

7.2.6.     By End Use

7.2.7.     By Country

7.3.  North America: Country Analysis

7.3.1.     United States Oil & Gas Pipeline Leak Detection Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value 

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Type

7.3.1.2.2.             By Internal v/s External

7.3.1.2.3.             By Internal Leak Detection Method

7.3.1.2.4.             By External Leak Detection Method

7.3.1.2.5.             By Application

7.3.1.2.6.             By End Use

7.3.2.     Canada Oil & Gas Pipeline Leak Detection Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value 

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Type

7.3.2.2.2.             By Internal v/s External

7.3.2.2.3.             By Internal Leak Detection Method

7.3.2.2.4.             By External Leak Detection Method

7.3.2.2.5.             By Application

7.3.2.2.6.             By End Use