Kenneth Research, in its repository of market research reports, has recently added a report on United States 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 United States Oil And Gas Pipeline Leak Detection System (LDS) Market is 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 United States Oil And Gas Pipeline Leak Detection System (LDS) Market products.
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A report on United States 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 2030. The report on United States 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 Azoth Analytics research report ““United States Oil and Gas Pipeline Leak Detection System (LDS) Market – By Equipment, By Application, By Region (2018 Edition) – Pipeline Projects, Project Economics, Pricing Analysis– Opportunities and Forecast (2018-2023)”’, the US LDS market is projected to display a steady growth represented by a CAGR of 1.2% during 2018 – 2023.
The US Oil and Gas Pipeline Leak Detection System Market grew 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. Stringent safety norms introduced by the government, surging incidence of oil & gas leak and rising investment in R&D are major factors anticipated to drive the demand for US oil and gas leak detection system. Among equipment’s flow meter and acoustic sensors will hold the major share of the market. Whereas fiber optic will witness a significant growth during the forecast period.
The report titled “United States Oil and Gas Pipeline Leak Detection System (LDS) Market – By Equipment, By Application, By Region (2018 Edition) – Pipeline Projects, Project Economics, Pricing Analysis– Opportunities and Forecast (2018-2023)” has covered and analysed the potential of 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. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the US oil and gas pipeline leak detection system market. Additionally, the report also highlights market entry strategies for various companies across the globe.
Scope of the Report
The report provides coverage by Equipment, By Application and By Region:
By Equipment
• Pressure Sensors
• Flow Meters
• Fibre Optic Sensors
• Acoustic Sensors
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By Application
• Onshore
• Offshore
By Region
• Southeast
• Northeast
• Western
• Midwest
Other Report Highlights
• Market Dynamics – Drivers and Restraints
• Market Trends
• Porter Five Force Analysis
• Pricing Analysis
• Competitive Landscape
• Company Analysis – Siemens, Honeywell, Schneider, FLIR Systems, Pure Technologies, PSI AG, Perma-Pipe, Spectris Plc, Emerson, 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.
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