Global Leak Detection Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2031

Request for TOC Request for TOC Speak to Analyst Speak to Analyst Buy Now Buy Now Inquire Before Buying Inquire Before Free Sample Report Free Sample Report

Global Leak Detection Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2031

  • Healthcare
  • Upcoming Report
  • Oct 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Leak Detection Market

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period
2024 –2031
Diagram Market Size (Base Year)
USD 2.69 Billion
Diagram Market Size (Forecast Year)
USD 5.20 Billion
Diagram CAGR
%
Diagram Major Markets Players
  • FLIR Systems
  • ABB
  • Honeywell International
  • Siemens Energy
  • Pentair

Global Leak Detection Market Segmentation, By Type (Upstream, Midstream and Downstream), Product Type (Handheld Gas Detectors, UAV-Based Detectors, Manned Aircraft Detectors and Vehicle-Based Detectors, Others), Technology (Acoustic / Ultrasound, Fiber Optic, Pressure-Flow Deviation Methods, Extended Real-Time Transient Model (E-RTTM), Thermal Imaging, Mass/Volume Balance, Vapor Sensing, Laser Absorption and Lidar, Hydraulic Leak Detection, Negative Pressure Valves and Others), End User (Oil and Gas, Chemical Plant, Water Treatment Plants, Thermal Power Plant, Mining and Slurry and Others) - Industry Trends and Forecast to 2031.

Leak Detection Market

Leak Detection Market Analysis

Water pipeline leak detection equipment is widely being utilized for detecting and determining leak location in a pipeline. Various acoustic and non-acoustic devices are deployed for water pipeline leakage. Data is transmitted through various sensors and data collectors placed within the water pipeline network.

Leak Detection Market Size

Global leak detection market size was valued at USD 2.69 billion in 2023 and is projected to reach USD 5.20 billion by 2031, with a CAGR of 8.60% during the forecast period of 2024 to 2031.

Report Scope and Market Segmentation       

Attributes

Leak Detection Key Market Insights

Segmentation

  • By Type: Upstream, Midstream and Downstream
  • By Product Type: Handheld Gas Detectors, UAV-Based Detectors, Manned Aircraft Detectors and Vehicle-Based Detectors, Others
  • By Technology: Acoustic / Ultrasound, Fiber Optic, Pressure-Flow Deviation Methods, Extended Real-Time Transient Model (E-RTTM), Thermal Imaging, Mass/Volume Balance, Vapor Sensing, Laser Absorption and Lidar, Hydraulic Leak Detection, Negative Pressure Valves and Others
  • By End User: Oil and Gas, Chemical Plant, Water Treatment Plants, Thermal Power Plant, Mining and Slurry and Others

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Key Market Players

FLIR Systems, Inc. (US), ABB (Sweden), Honeywell International Inc. (US), Siemens Energy (Germany), Pentair (US), ClampOn AS (Norway), Schneider Electric (France), Atmos International (UK), Xylem (US), Emerson Electric Co. (US), KROHNE Messtechnik GmbH (Germany), PERMA-PIPE International Holdings, Inc. (US), TTK (India), PSI Software AG (Germany), HIMA (India), AVEVA Group plc (UK), Yokogawa Electric Corporation (Japan), INFICON (Switzerland), Fotech Group Ltd. (UK), Asel-Tech Inc. (US), MAGNUM Pirex AG / MAGNUM LEO-Pipe GmbH (Germany), Hawk Measurement Systems (Australia), and OptaSense Ltd. (US), among others

Market Opportunities

  • Increase in demand for leak detection and repair (LDAR) systems among utility companies
  • Rise in the usage of leak detection and repair (LDAR) systems
  • Increase in oil and gas exploration and production activities

Leak Detection Market Definition

The term leak or leakage means an unintended crack, hole or porosity in an enveloping wall or joint of the pipes, batteries, sealed products, chambers or storage containers that must contain/transfer different fluids and gases. These cracks or holes allow the escape of fluids and gases from a closed medium.

Leak Detection Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • Leak Detection and Repair (LDAR) Systems

The increase in demand for leak detection and repair (LDAR) systems among utility companies acts as one of the major factors driving the growth of leak detection market. These are being deployed due to their benefits such as cost-saving, environmental protection and safety improvement.

  • Use in Oil and Gas

The rise in the usage of leak detection and repair (LDAR) systems in oil and gas and petroleum companies to make workplaces safer by declining risk of accidents caused due to fire outbreaks and explosions has a positive impact on the market.

  • Integration of Various Technologies

The rise in the integration of various technologies such as machine learning and Artificial Intelligence(AI) for efficiently detecting leaks in their infrastructure. A machine learning algorithm assist in identifying leaks and emission risks on the ground with the use of satellite imagery.

Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the leak detection market.

Opportunities

Furthermore, increase in oil and gas exploration and production activities extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, surge in global oil and natural gas consumption will further expand the market.

Restraints/Challenges

On the other hand, technical complications with leak detectors and decrease in global oil prices are expected to obstruct market growth. Also, lack of technological advancements in offshore leak detection systems is projected to challenge the leak detection market in the forecast period of 2024-2031.

This leak detection market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on leak detection market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Leak Detection Market

The COVID-19 had a negative impact on leak detection market owing to the type, product type, technology and end user. The economic uncertainty, partial shutdown of the business and low consumer confidence impacted demand for leak detection. The supply chain got hampered during the pandemic along with delay logistics activities. However, the leak detection is expected to regain its pace during the post pandemic scenario due to the easing on the restrictions.

Leak Detection Market Scope

The leak detection market is segmented on the basis of type, product type, technology and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Upstream
  • Midstream
  • Downstream

Product Type

  • Handheld Gas Detectors
  • UAV-Based Detectors
  • Manned Aircraft Detectors and Vehicle-Based Detectors
  • Others

Technology

  • Acoustic / Ultrasound
  • Fiber Optic
  • Pressure-Flow Deviation Methods
  • Extended Real-Time Transient Model (E-RTTM)
  • Thermal Imaging
  • Mass/Volume Balance
  • Vapor Sensing
  • Laser Absorption and Lidar
  • Hydraulic Leak Detection
  • Negative Pressure Valves
  • Others

End User

  • Oil and Gas
  • Chemical Plant
  • Water Treatment Plants
  • Thermal Power Plant
  • Mining and Slurry
  • Others

Leak Detection Market Regional Analysis

The leak detection market is analyzed and market size insights and trends are provided by country, type, product type, technology and end user.

The countries covered in the leak detection market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the leak detection market due to the presence of stringent government regulations and norms within the region.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 because of the increase in demand for oil and oil products in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Leak Detection Market Analysis

The leak detection market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to leak detection market.

Leak Detection Market Leaders Operating in the Market Are:

  • FLIR Systems, Inc. (US)
  • ABB (Sweden)
  • Honeywell International Inc. (US)
  • Siemens Energy (Germany)
  • Pentair (US)
  • ClampOn AS (Norway)
  • Schneider Electric (France)
  • Atmos International (UK)
  • Xylem (US)
  • Emerson Electric Co. (US)
  • KROHNE Messtechnik GmbH (Germany)
  • PERMA-PIPE International Holdings, Inc. (US)
  • TTK (India)
  • PSI Software AG (Germany)
  • HIMA (India)
  • AVEVA Group plc (UK)
  • Yokogawa Electric Corporation (Japan)
  • INFICON (Switzerland)
  • Fotech Group Ltd. (UK)
  • Asel-Tech Inc. (US)
  • MAGNUM Pirex AG / MAGNUM LEO-Pipe GmbH (Germany)
  • Hawk Measurement Systems (Australia)
  • OptaSense Ltd. (US)


SKU-

Get online access to the report on the World's First Market Intelligence Cloud

  • Interactive Data Analysis Dashboard
  • Company Analysis Dashboard for high growth potential opportunities
  • Research Analyst Access for customization & queries
  • Competitor Analysis with Interactive dashboard
  • Latest News, Updates & Trend analysis
  • Harness the Power of Benchmark Analysis for Comprehensive Competitor Tracking
Request for Demo

Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Frequently Asked Questions

The market is segmented based on Segmentation, By Type (Upstream, Midstream and Downstream), Product Type (Handheld Gas Detectors, UAV-Based Detectors, Manned Aircraft Detectors and Vehicle-Based Detectors, Others), Technology (Acoustic / Ultrasound, Fiber Optic, Pressure-Flow Deviation Methods, Extended Real-Time Transient Model (E-RTTM), Thermal Imaging, Mass/Volume Balance, Vapor Sensing, Laser Absorption and Lidar, Hydraulic Leak Detection, Negative Pressure Valves and Others), End User (Oil and Gas, Chemical Plant, Water Treatment Plants, Thermal Power Plant, Mining and Slurry and Others) - Industry Trends and Forecast to 2031. .
The Global Leak Detection Market size was valued at USD 2.69 USD Billion in 2023.
The Global Leak Detection Market is projected to grow at a CAGR of 8.6% during the forecast period of 2024 to 2031.
The major players operating in the market include FLIR Systems , ABB, Honeywell International , Siemens Energy, Pentair, ClampOn AS, Schneider Electric, Atmos International, Xylem, Emerson Electric Co., and others .
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America..