NEW YORK, April 14, 2016 /PRNewswire/ -- 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.
According to Azoth Analytics research report, "Europe Oil and Gas Pipeline Leak Detection System (LDS) Market: Trends, Opportunities and Forecasts (2016-2021) – (By Country – UK, France, Germany, Netherlands, Spain, Russia, Czech Republic, Hungary, Poland, Ukraine, Norway, Denmark; By Region - Western Europe, Northern Europe, Eastern Europe; Leak Scenarios & Project Economics; Policy & Regulations)", Europe Leak Detection System market is projected to exhibit a positive growth during 2016 – 2021 at a CAGR of 0.99 % wherein market Western Europe, Northern Europe, Eastern Europe is expected to rise.
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 includes PSI AG, Honeywell International Inc., Diakont Advanced Technologies Inc., Siemens Corp etc.
Scope of the Report
"Europe Oil and Gas Pipeline Leak Detection System (LDS) Market: Trends, Opportunities and Forecasts (2016-2021) – (By Country – UK, France, Germany, Netherlands, Spain, Russia, Czech Republic, Hungary, Poland, Ukraine, Norway, Denmark; By Region - Western Europe, Northern Europe, Eastern Europe; Leak Scenarios & Project Economics; Policy & Regulations" analyses the following aspects of oil and gas pipeline leak detection market in Europe:
- Europe Oil and Gas Pipeline Leak Detection System (LDS) Market Size, Share & Forecast
- By Technology - Acoustic Leak Detectors, Fibre Optics, Pressure sensors, Flow meters
- By Country – UK, France, Germany, Netherlands, Spain, Russia, Czech Republic, Hungary, Poland, Ukraine, Norway, Denmark;
- By Region - Western Europe, Northern Europe, Eastern Europe
- Leak Scenarios & Project Economics
- Policy & Regulatory Landscape
- Competitive Landscape & Strategic Recommendations
The industry, sector and the segment is defined and the historic market trend is figured out through various paid databases. The next stage involves comprehensive primary research in which the various stakeholders of the market segment (e.g. European Oil And Gas Leak Detection Equipment Manufacturers, Service providers, dealers/distributors in case of Leak Detection Products) are contacted, interviewed and their insights taken. The insights from the experts/stakeholders are triangulated with the historical market trends. Further, Back-of-the-Envelope calculation for the market estimation is made through proper understanding of the market as well as future business strategies of the companies engaged in the market.
Why You Should Buy This Report?
- To gain an in-depth understanding of Europe Oil and Gas Leak Detection System market.
- To identify the on-going trends and anticipated growth in the next five years
- To help industry consultants, Leak Detection Equipment manufacturers, vendors and dealers, competitors align their market-centric strategies
- To obtain research based business decision and add weight to presentations and marketing material
- To gain competitive knowledge of leading players
- To avail limited customization in the report without any extra charges
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