FLIR Systems, Inc., Honeywell International Inc. and Siemens Energy are Dominating in the Global Leak Detection Market in 2020

Global Leak Detection Market is expected to grow with the CAGR of 8.1% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below:

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Global leak detection market is a highly consolidated market which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global leak detection market are introducing strong range of service portfolio. This has helped the companies to maximize the sales with enhanced product portfolio. For instance, in January 2020, FLIR Systems, Inc. has launched FLIR GF77a, its first uncooled, fixed-mount, connected thermal camera for detecting methane and other industrial gases. With this new launch of optical gas imaging (OGI) series product, the company has extended their product portfolio and will increase their customer base.

FLIR Systems, Inc. is the dominating player in global leak detection market. The other key players existing in the leak detection market 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, INFICON, Fotech Group Ltd., Asel-Tech Inc., MAGNUM Pirex AG / MAGNUM LEO-Pipe GmbH, Hawk Measurement Systems and OptaSense Ltd. among others.

Leak Detection Market

FLIR Systems, Inc.:

FLIR Systems, Inc. is headquartered in Oregon, U.S. and was established in 1978. The company is engaged in designing and manufacturing of intelligent sensing technologies for industrial, commercial and government industries. The company operates their business through different segments namely industrial technologies and defense technologies out of which industrial technologies are the market focused segment. The company offers wide range of products under categories such as government & defense, industrial, public safety & transportation, security, professional tools, marine, home & outdoor and research & development among which industrial is the market focused category.

For instance,

  • In September 2020, FLIR Systems, Inc. has made their product SI124 industrial acoustic imaging camera to be available globally for purchase. This camera will sense, display and record sound waves and will help in detecting leakage. With this step, the company will expand their customer base worldwide and increase their business.

The company has wide global presence across the globe such as Americas, Europe, Middle East and Africa and Asia-Pacific. In addition to it, the company also generates its revenue from the various subsidiary companies such as FLIR Systems Ltd. (U.K.), FLIR Systems CV (Netherlands), FLIR Systems Ltd. (Canada), FLIR Systems Aviation, LLC (U.S.), FLIR Government Systems, Inc. (U.S.) and others.

Honeywell International Inc.:

Honeywell International Inc. is headquartered in North Carolina, U.S. and was founded in 1885. The company is engaged in providing products and solutions for businesses, specialty chemicals, electronic and advanced materials, refining and petrochemicals and sensing, safety and security technologies for buildings and industries. The company deals in various business segments such as aerospace, Honeywell building technologies, performance, materials and technologies and safety and productivity solutions among which safety and productivity solutions is the market focused segment. The company offers wide range of products under categories such as gas detection systems, materials, portable gas detection, hearing protection, fire & safety systems, process solutions, industrial safety and personal protective equipment worker safety among which gas detection systems is the market focused category.

For instance,

  • In December 2019, Honeywell International Inc. has announced that it has acquired Rebellion Photonics, a provider of innovative, intelligent, visual gas monitoring solutions which helps in maximizing safety, operational performance and emissions mitigation in oil & gas, petrochemicals and power industries. This acquisition will help the company to expand their product portfolio.

The company has presence in Americas, Asia-Pacific, Europe and Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as ADI-Gardiner Limited (U.K.), Honeywell Holdings Pty. Ltd. (Australia), Honeywell Korea, Ltd. (Korea), HONEYWELL TECHNOLOGIES Sarl (Switzerland), Honeywell Japan Inc. (Japan), Honeywell Deutschland GmbH (Germany) among others.

Siemens Energy:

Siemens Energy is headquartered in Munich, Germany which was founded in 1866. The company is engaged in providing products and solutions related to energy, oil & gas and power industries. The company deals in various business segments such as gas and power and SGRE out of which gas and power is the market focused segment. The company has wide range of products under categories which are power generation, power transmission, renewable energy, industrial applications, compressors and expansion turbines and services in which industrial applications is the market focused category.  

For instance,

  • In November 2020, Siemens Energy has partnered with Houston-based ProFlex Technologies for providing spontaneous leak detection services for pipeline operators. Under this agreement, Siemens Energy will have exclusive access to ProFlex Technologies’ digital Pipe-Safe advanced leak detection technology. With this partnership, the company has expanded their product portfolio.

The company has wide global presence in Americas, Europe, Middle East and Africa and Asia-Pacific. In addition, the company also generates revenue through the subsidiaries such as SIEMENS GAMESA RENEWABLE ENERGY SOCIEDAD ANONIMA (Spain), Siemens Energy AB (Sweden), Siemens Energy Transformers Canada Inc. (Canada) and Siemens Transformateurs Canada Inc. (Canada) among others.