Leak Detection and Repair Market Size, Growth and Forecast Report by 2027

Posted December 21, 2020 by pankajrathi

Leak detection and repair is process which is specially designed to check weather is some leakage in the pipe which consists of liquids & gases.
Leak detection and repair is process which is specially designed to check weather is some leakage in the pipe which consists of liquids & gases. The main function of LDAR is to repair these leakages from connector, valves, pipes, and others. The LDAR technology finds applications in oil and gas industry segments, namely downstream, midstream, and upstream.

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Market Drivers
Increase in oil & gas infrastructure is the key driving factor which is expected to boost the global leak detection and repair market growth. Furthermore, stringent government regulations and policies and rise in awareness regarding the harmful effects of greenhouse gases on environment are some driving factors which expected to drive the market growth during this forecast period. For instance, Environmental Protection Agency had introduced Leak Detection and Repair (LDAR) regulations to reduce emission of volatile organic compounds and volatile hazardous air pollutants from leaking equipments like valves, pumps, and connectors in various industries such as chemical manufacturing, and petroleum refining. Also, continuous advancements in robotics, unmanned aerial vehicles, and industrial automation will positively contribute the market growth. Moreover, increase in demand for operational and safety efficiency among companies will fuel the market growth.

Market Restraints
However, Increase in cost cutting in oil and gas upstream is the major challenging factor which is expected to hinder the global leak detection and repair market growth. Also, high complexity associated with the leak detection in harsh condition as well as rise in demand for detection will affect the market growth during this forecast period.

Market Key Players
Various key players are discussed in this report ABB Ltd.,GHD Group, Chicago Bridge & Iron Company, ERM Group, Inc., Maxion Technologies Inc., Physical Sciences Inc, Avitas Systems, SeekOps, Inc., Advisian, and ENCOS, Inc.

Market Taxonomy
By Product
• Handheld Gas Detectors
• UAV-Based Detectors
• Vehicle-Based Detectors
• Manned Aircraft Detectors
By Technology
• Volatile Organic Compounds Analyzer
• Optical Gas Imaging
• Laser Absorption Spectroscopy
• Ambient/Mobile Leak Monitoring
• Acoustic Leak Detection
• Audio- Visual Olfactory Inspection
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

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Issued By qualiket research
Country India
Categories Business
Tags leak detection and repair market
Last Updated December 21, 2020