PUNE, India, August 23, 2016 /PRNewswire/ --
ReportsnReports.com provides regional leak detection system market reports focusing on oil and gas pipeline industry in the US and Europe, offering 2020 - 2021 forecasts as well as an outlook on the competitive scenario of these regions.
The US Oil and Gas Pipeline Leak Detection Market is growing at a moderate rate over last five years on account of rising expenditure of pipeline companies on maintenance of the ageing pipelines in the country and escalating role of government in empowering usage of leak detection measures to avoid disastrous leakage.
Complete report on US Oil and Gas Pipeline Leak Detection System (LDS) Market spreads across 132 pages, analysed 10 major companies and provides 48 figures is now available at http://www.reportsnreports.com/reports/447022-us-oil-and-gas-pipeline-leak-detection-system-lds-market-trends-opportunities-and-forecasts-2015-2020-segment-by-region-by-application-offshore-onshore-by-equipment-flow-meters-pressure-sensors-fibre-optics-.html.
During 2015-20, US Oil and Gas Pipeline Leak Detection Market is anticipated to grow at an increased rate on account of robust expansion plans of the new pipeline projects coupled with newly found shale reserves. Moreover, increase in number of pipelines with newly proposed plans of oil and gas transmission is further anticipated to boost the overall leak detection system market in the coming years.
According to research report, "US Oil and Gas Pipeline Leak Detection System (LDS) Market: Trends, Opportunities and Forecasts (2015-2020), oil and gas pipeline leak detection system market in the US is projected to exhibit a CAGR of over 0.37% during 2015-2020F. On the basis of technology market is segmented into various types of Internal and External Leak Detectors. Traditional leak detectors such as flow meters and pressure sensors are anticipated to grow the market of oil and gas leak detectors in the next five years. However, these are anticipated to lose their share to relatively new leak detectors such as fibre optics and acoustic sensors. Southeast region dominated the revenue contribution share in 2014 and the region is forecast to continue its domination through 2020. Few of the leading companies operating in Oil and Gas pipeline leak detection market in the US include Synodon Inc., Enbridge Inc., Omega Technologies and Perma-Pipe Inc.
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According to another research titled Europe Oil and Gas Pipeline Leak Detection System (LDS) Market: Trends, Opportunities and Forecasts (2016-2021), increasing pipeline infrastructural investments coupled with high exploration and production activities in oil and gas sector and high consumer demand for energy particularly in the Western Europe, Northern Europe, and Eastern Europe would propel growth in Europe Oil and Gas Pipeline Leak Detection Market.
The Leak Detection System Market in Oil and Gas Industry has been growing at a high rate on account of the shale revolution in the nations. However, Steep decline in the Oil reserves and huge demand for imports by certain countries has created an unstable environment for the oil field services and related industries but the fluctuation in the crude oil prices has proved to be the major growth driver for this industry. Prospective acceleration in recoverable resources alongside increased exploration & production activities majorly in the offshore regions would relatively deescalate the impact of the Steep decline in the Oil reserves in established fields.
During 2016-21, The Europe Leak Detection System Market in Oil and Gas Industry is anticipated to grow at a CAGR of 0.99 % on account of anticipating low crude oil prices leading to an accelerated demand for cost-effective well intervention methods.
Moreover, increase in number of pipelines with newly proposed plans of oil and gas transmission is further anticipated to boost the overall leak detection system market in the coming years.
Western Europe has dominated the revenue contribution share in 2015 and the region is forecast to continue its domination through 2021 on account of high consumption rate from Germany. Russian Federation with high exporting capacity for oil has made Eastern European market for leak detection system to grow during 2016-2021. Few of the leading companies operating in Europe Leak Detection System Market include PSI AG, Honeywell International Inc., Diakont Advanced Technologies Inc., Siemens Corp etc.
Company Profiled are PSI AG's, Pentair Ltd., TTK, Krohne, Honeywell International Inc., Diakont Advanced Technologies, Inc., Siemens Corp, Schneider Electric, Enbridge and FMC Technologies, Inc. Order a Copy of Report at http://www.reportsnreports.com/purchase.aspx?name=512836.
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