Global Leak Detection and Repair Market Size is estimated to expand rapidly in coming years, at a CAGR of 5.25 % from 2018 to 2025. In 2017, the global market valuation was USD 16.35 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. The Environmental Protection Agency (EPA) implemented leak detection and repair laws to decrease emissions of volatile organic compounds and volatile dangerous air pollutants from leakage machinery such as engines, pumps, and terminals in sectors such as food processing and oil refining. Major market growth of leak detection and repair market is owing to the automation in the industry. Strict public legislation and practices and increased awareness of the damaging impacts of greenhouse gas emissions on the environment are anticipated to be the main drivers of market growth. Governments are collaborating with various public and private firms to work and highly sensitive gas leak detection systems and measurement techniques. Geographically, North America is expected to be the highest growing region in the global market of leak detection and repair market.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global leak detection and repair market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global leak detection and repair market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Product Insights: On the basis of product, global leak detection and repair market has been segmented into handheld gas detectors, UAV-based detectors, vehicle-based detectors, manned aircraft detectors. Among which handheld gas detectors are widely used in the automation industry owing to their enormous properties such as easy to use, portability, non-complicated structure, and cost-effectiveness. In addition, handheld gas detectors are also used to control unwanted concentrations. As a result, demand for handheld gas detectors in the oil & gas industry is projected to expand as a result of increased natural gas manufacturing, increased trade in petroleum and gas goods, improved pipeline facilities, and the execution of related legislative measures.

By Technology Insights: On the basis of technology, global leak detection, and repair market has been segmented into volatile organic compounds (VOC) analyzer, optical gas imaging (OGI), laser absorption spectroscopy, ambient/mobile leak monitoring, acoustic leak detection, and audio-visual-olfactory inspection. Among which volatile organic compounds (VOC) analyzer segment has accounted for the largest share in the global market of leak detection and repair market owing to the widespread use of such devices in the detection of various gases such as methane, propane, carbon monoxide, and others.

Regional Analysis

The leak detection and repair market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In terms of region, North America is expected to witness high growth in the upcoming time span. This huge growth in the region is owing to the strict public rules and regulations along with strong acceptance by businesses in these areas of technologically sophisticated goods have contributed to regional market development.

Asia Pacific region is expected to witness high growth in the market in the forecast period. The vibrant oil and gas transportation network, particularly in China, India, and Japan, is expected to be the main development driver for the exploration and production of oil and natural gas segment. Europe is anticipated to dominate the global leak detection and repair market over the projected period majorly owing to stringent government rules, better technological connectivity, and highly cost-effective business strategies. Moreover, emerging countries in the region are estimated to account for the largest share in the global market of leak detection and repair market. 

Global Leak Detection and Repair Market Size, Share Analysis by Region 2017

Global Leak Detection and Repair Market Study Objective

1. To forecast the market size of leak detection and repair market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of leak detection and repair market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate on significant factors that will have a major impact on the growth of leak detection and repair markets, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of leak detection and repair market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the leak detection and repair markets like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

GHD Group, Heath Consultants, Chicago Bridge & Iron Company, ERM Group Inc., and Guardian Compliance are some of the key players in the market of leak detection and repair.

Global Leak Detection and Repair Market Study Report Offer You!

The global leak detection and repair market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.