Global Oil and Gas Pipeline Leak Detection Equipment Market was valued US$ 2.5 Bn in 2018 and is expected to reach USBn by 2026, at CAGR of 7.2% during forecast period of 2019 to 2026.

Global Oil and Gas Pipeline Leak Detection Equipment Market

Oil and Gas Pipeline Leak Detection Equipment are used to detect leakage of materials from the pipeline, in order to alert about the leak incidents. The leakage of oil & gas into the environment can cause substantial damage to the living & non-living, surroundings. Different technologies are available to detect the leak from pipelines, depending on the nature of the fluid & gas in the pipeline and the leak size. An increasing incidents of oil and gas pipeline leakages are contributing in the growth of the global oil and gas pipeline leak detection equipment market. If not controlled in time or not taken necessary precautions, such leakage incidences can convert into hazardous form or major accidents and have drastic effects on environment and other living & non-living surroundings and infrastructure.

Global Oil and Gas Pipeline Leak Detection Equipment Market Segmentation Analysis:

Global Oil and Gas Pipeline Leak Detection Equipment Market is segmented by location, by type, by Equipment and by Region. By location, global oil and gas pipeline leak detection equipment market is segmented into onshore and offshore. Among these onshore segment held 65% market share in 2018 and expected to keep its dominance over forecast period. Currently, the oil and gas pipeline leak detection equipment installed is more in number on onshore locations as compared to offshore locations. As the offshore exploration activities have been on a rise in recent years after 2015 the utilization of leak detection equipment has also increased at offshore locations.

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