North America Oil & Gas Pipeline Leak Detection System (LDS) Market (2016-2022)-6wresearch

6wresearch

Expansion of Natural Gas Pipeline Infrastructure along with Tightening of Regulations to boost the North America’s Oil & Gas Pipeline Leak Detection Systems Market during 2016-22 – 6Wresearch

The growing pipeline infrastructure to deliver energy to domestic and international markets have spurred the market for oil & gas pipeline Leak Detection System (LDS) in the North America region. The market for leak detection system in North America is promising and is offering huge opportunities as large number of pipeline projects have been recently awarded and several are in pipeline.

According to 6Wresearch, The North America Oil & Pipeline Leak Detection System (LDS) market is projected to reach $1.58 billion by 2022. The Oil & Gas pipeline leak detection system market is likely to witness growth in North American region owing to expansion of Oil & Gas pipeline networks/infrastructure and tightening of safety and environmental regulations in the region.

According to Rajat Kharbanda, Senior Consultant, Research and Consulting, 6Wresearch, “In North America, the primarily used leak detection methods are the Compensated Mass Balance (CMB), Real Time Transient Model (RTTM) and Statistical Volume Balance (SVB).”

On the other hand, “Acoustic / negative pressure wave, fiber optic cable and other leak detection methods such as E-RTTM, vapor sensing tubes, infrared radiometer and thermal cameras are not very common in the region and are restricted to certain applications only. Each leak detection method has its own advantage and disadvantage and none of the existing technologies offers complete reliable solution, which is driving the need for more advanced leak detection technologies”, Rajat added.

According to Ravi Bhandari, Research Analyst, Research and Consulting, 6Wresearch, “Compensated mass balance accounts for the maximum revenue share in the overall North America pipeline LDS market. However, statistical volume balance method is the most reliable leak detection method used in the region as it has low false alarm rate. Additionally, the statistical volume balance method is expected to register substantial growth by 2022”

“The North America leak detection industry witnessed slow growth as a result of low oil prices, particularly in the Canada market. However, from 2017 onwards, the market is likely to recover and is exhibited to record growth driven on account of tightening regulations”, Ravi further added.

Some of the major leak detection companies in North America are Energy Solutions International (ESI), Schneider Electric, Atmos, Krohne, DNV GL, Pure Technologies, PSI AG and Enbridge.

The North America Oil & Gas Pipeline Leak Detection System Market (2016-2022)” report provides in-depth analysis with 50 figures and 26 tables covered in more than 140 pages. The report estimates and forecast the overall North America oil & gas pipeline leak detection system market by revenue, technology, application and country. The report also gives insights on the competitive landscape, market share by companies, market trends, company profiles, market drivers and restraints.

North America Oil & Gas Pipeline Leak Detection System (LDS) Market (2016-2022) report graph

Source Link: http://www.6wresearch.com/press-releases/north-america-oil-gas-pipeline-leak-detection-system-lds-market-media-news-forecast-trends-share-players.html

For Further details, please contact:
Email Us: sales@6wresearch.com
Call Now: +91-11-430-24-305

Advertisements

Author: 6wresearch- Market Intelligence Solutions

6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography. Our Research Process Outsourcing (RPO) division enables our client to reduce their cost by outsourcing their research needs and focusing on their core competency. Our Business Model The prime motto of 6Wresearch is to see the exponential growth of our clients by meeting all the research requirements. 6Wresearch is pioneer in implementing 6W (what, where, when, who, when and how) model across its research cycle. We believe that exhaustive research can only be accomplished if it covers all six dimensions of research: What to invest in: What product and services is to produce to target potential market? Where to invest: Which geography to enter? When to invest: When is the right time to enter to the market? Whom to target: Who is your target consumer and buyers? Why to invest: What growth and opportunity the target market is offering? How to invest: What is the right strategy to enter the target market? Our integrated survey based model enable us to deliver real insights from key industry players which enable our clients to acquaint themselves with key industry trends & developments and devise various strategies for growth. Our Core Beliefs/Values 6Wresearch values its client and believes in maintaining long term relationship with them by providing high quality research solutions. 6Wresearch maintains its core beliefs and values by complementing Commitment towards standards, ethics and integrity, Ensuring client satisfaction, Maintaining full transparency. To find details on our members and associates please go to our directory of members.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s