Kenneth Research, in its repository of market research reports, has recently added a report on Oil And Gas Pipeline Leak Detection System (LDS) Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Oil And Gas Pipeline Leak Detection System (LDS) Marketis anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Oil And Gas Pipeline Leak Detection System (LDS) Market products.
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A report on Oil And Gas Pipeline Leak Detection System (LDS) Market has been added by Kenneth Research into its market research repository. The report provides an extensive analysis of the market by determining the relationship between the dependent and independent variables through correlation and regression for the forecast period, i.e., 2021 2025. The report on Oil And Gas Pipeline Leak Detection System (LDS) Market further provides the supply and demand risks associated with the growth of the market, and consists of macro-economic indicators that are contributing to the market growth. The market is thriving on account of the growing trade on fuel worldwide, backed by the rising demand for energy from the end-users.
According to the statistics by the World Bank, exports of fuel increased from 12.91% of merchandise exports in 2001 to 14.25% of merchandise exports in 2018. Additionally, imports of fuel registered a growth by 1.28x between the years 2001 and 2018. In 2001, the import of fuel was 10.30% of merchandise exports whereas in 2018, it was 13.19% of merchandise exports. On the other hand, the increasing focus of the players in the energy and power industry to lower their cost of operations so as to enhance their profitability, is also anticipated to contribute to the market growth. The natural gas rents, which is defined as the difference between the total cost of production of natural gas and the production value at world prices, decreased significantly from 0.40% of GDP in 2001 to 0.18% of GDP in 2017. Alternatively, the oil rents, which increased from 1.09% of GDP in 2001 to 1.30% of GDP in 2019, portrays the need amongst the players to enhance their focus in reducing the cost of production of oil.
A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Oil and Gas Pipeline Leak Detection System Market.
The Global Oil and Gas Pipeline Leak Detection System market has been analysed By Equipment (Thermal Imaging, Flow Meters, Pressure Sensors, Fibre Optics, Acoustic Sensors, Software Systems) and By Application(Offshore, Onshore). The Global Oil and Gas Pipeline Leak Detection System market has been analysed
By Region (Americas, Europe, APAC, ROW) and By Country (United States, Canada, Mexico, Brazil, France, Russia, Germany, United Kingdom, China, India, Indonesia, Australia, Iran, Turkey, Algeria, Nigeria) for the historical period of 2014-2018 and the forecast period of 2019-2024.
The Global Oil and Gas Pipeline Leak Detection System Market is likely to witness significant growth over the forecast period owing to rise in offshore and onshore oil and gas exploration activities, growing consumer demand for cleaner energy, growing economy as well as increasing government’s stringent regulations for safe and pollution free environment.
Asia Pacific Oil and Gas Pipeline Leak Detection System market is projected to display a growth represented by a CAGR of over 7% during 2019 – 2024, primarily driven by growing economy and establishment of manufacturing facilities as well as surging government regulations for the use of cleaner fuel to reduce pollution. China and India are the biggest markets in the current period and expected to be followed by Australia in forecast period. Market of Oil and Gas Pipeline Leak Detection System is driven by rapid crude oil price reductions and growing customer demands for increased functionality.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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The report titled “Global Oil and Gas Pipeline Leak Detection System Market (Value) – Analysis By Equipment (Thermal Imaging, Flow Meters, Pressure Sensors, Fibre Optics, Acoustic Sensors, Software Systems), By Application (Offshore, Onshore),
By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024)” has covered and analysed the potential of Global Oil and Gas Pipeline Leak Detection System Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation.
Scope of the Report
Global Oil and Gas Pipeline Leak Detection System Market (Actual Period: 2018, Forecast Period: 2019-2024)
• Global Oil and Gas Pipeline Leak Detection System Market (Value) – Size, Growth, Forecast
• Analysis By Equipment – Thermal Imaging, Flow Meters, Pressure Sensors, Fibre Optics, Acoustic Sensors, Software Systems
• By Application – Offshore, Onshore
• Regional Analysis – Americas, Europe, Asia Pacific, ROW (Actual Period: 2018, Forecast Period: 2019-2024)
• Oil and Gas Pipeline Leak Detection System Market (Value) – Size, Growth, Forecast
• Analysis By Equipment – Thermal Imaging, Flow Meters, Pressure Sensors, Fibre Optics, Acoustic Sensors, Software Systems
• By Application – Offshore, Onshore
Country Analysis – United States, Canada, Mexico, Brazil, France, Russia, Germany, United Kingdom, China, India, Indonesia, Australia, Iran, Turkey, Algeria, Nigeria
• Oil and Gas Pipeline Leak Detection System Market (Value) – Size, Growth, Forecast
• Analysis By Equipment – Thermal Imaging, Flow Meters, Pressure Sensors, Fibre Optics, Acoustic Sensors, Software Systems
• By Application – Offshore, Onshore
Other Report Highlights:
• Industry Structure
• SWOT Analysis
• Market Dynamics – Drivers and Challenges
• Market Trends
• Porter Five Force Analysis
• olicy and Regulatory Landscape
• Product Benchmarking
• Competitive Landscape
• Company Analysis – Siemens, Honeywell International, Schneider Electric, FLIR Systems Inc., Pure Technologies Limited, PSI AG, Perma-Pipe, Spectris Plc, Emerson Electric, Schlumberger, TTK, Sensit, Hifi Engineering.
Customization of the Report
The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
Table of Contents
1. Research Methodology
2. Executive Summary
3. Strategic Recommendations
4. Product Overview
5. Market Dynamics
5.1 Market Drivers
5.2 Market Challenges
5.3 Market Trends
6. Industry Structure
7. Competitive Landscape
6.1 Product Benchmarking
6.2 Porter’s Five Force Analysis
6.3 SWOT Analysis
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