Global Leak Detection Market is Expected to Grow at 8.1% in the Forecast Period of 2021 to 2028

The Leak Detection Industry will relinquish an approximated estimate at a frequency of 8.1% for the projection space of 2021 to 2028 with factor such as increasing number of leakages in industries.

The leak detection market has shown an exceptional penetration in countries such as the U.S., Saudi Arabia and Brazil. Increasing growth in connected cars and advanced technologies such as IoT is boosting the growth in developed countries. In developing countries, high number of road accidents is increasing the demand for leak detection products.

Leak Detection Market Scenario

According to Data Bridge Market Research, the market for leak detection in North America region has the highest market share followed by Middle East and Africa and South America. Market leader is FLIR Systems, Inc. which accounts an estimated market share of approximately 12% to 15% globally. The company has gained outstanding sales through their leak detection products which include vehicle-based detectors, UAV based detectors, handheld gas detectors and manned aircraft detectors.

  • In February 2021, FLIR Systems, Inc. has recently celebrated grand opening of FLIR Systems Middle East (FSME) which is a newly combined service and support center based in Dubai. The new facility will bring the company closer to their customers in the UAE region and will help them in expanding their business in the region.

Leak Detection Market

Trends Impacting the Leak Detection Market

Now the question is which other regions FLIR Systems, Inc., Honeywell International Inc. and Siemens Energy are targeting? Data Bridge Market Research has estimated a large growth in North America leak detection market and the market leaders targeting the U.S. and Canada to be their next revenue pockets for 2021.

The leak detection market is becoming more competitive every year with companies such as FLIR Systems, Inc., Honeywell International Inc. and Siemens Energy as they are the market leaders for leak detection. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the leak detection market.

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Leak Detection Market Development

  • In October 2020, ABB has launched the new ABB MicroGuard, a first comprehensive gas leak detection system solution for utility industry to help safeguard city populations. The MicroGuard will work alongside ABB’s MobileGuard to pinpoint dangerous gas leaks faster and in easier way. Through this new product launch, the company has expanded their product line.

Scope of the Leak Detection Market

Global leak detection market is segmented on the basis of countries into the U.S., Canada, Mexico, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, rest of Europe, China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Israel, Egypt, rest of Middle East and Africa, Brazil, Argentina and rest of South America.

  • All country based analysis of leak detection market is further analyzed based on further segmentation. On the basis of type, the leak detection market is segmented into upstream, midstream and downstream. On the basis of product type, the leak detection market is segmented into handheld gas detectors, UAV-based detectors, manned aircraft detectors and vehicle-based detectors. On the basis of technology, the leak detection market is segmented into 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 waves and others. On the basis of end user, the leak detection market is segmented into oil and gas, chemical plant, water treatment plants, thermal power plant, mining and slurry and others.

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Key Pointers Covered in Leak Detection Market Industry Trends and Forecast to 2028

  • Market Size
  • Market Standards and Changes
  • Market Trials in Different Regions
  • Market Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Regions
  • Sales Data for Market Competitors
  • Market Key Vendors and Disruptors Study

Key Market Competitors Covered in the Report

  • FLIR Systems, Inc.
  • ABB
  • Honeywell International Inc.
  • Siemens Energy
  • Pentair
  • ClampOn AS
  • Schneider Electric
  • Atmos International
  • Xylem
  • Emerson Electric Co.
  • KROHNE Messtechnik GmbH
  • PERMA-PIPE International Holdings, Inc.
  • TTK
  • PSI Software AG
  • MSA
  • HIMA
  • AVEVA Group plc
  • Yokogawa Electric Corporation
  • Fotech Group Ltd.
  • Asel-Tech Inc.
  • MAGNUM Pirex AG / MAGNUM LEO-Pipe GmbH
  • Hawk Measurement Systems
  • OptaSense Ltd.

Above are the key players covered in the report, to know about more and exhaustive list of leak detection companies’, contact us

Research Methodology: Global Leak Detection Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted 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 can drop down your enquiry.

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. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Product Managers, Financial Institutions and Leak Detection Consultants
  • Supply Side: Service Providers, Product Managers, Product Designers, Marketing Managers, C-Level Executives, Market Intelligence and Regulatory Affairs Managers among others.

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