Leak Detection Market By Technology, By End User : Global Opportunity Analysis and Industry Forecast, 2023-2032

List of Tables

The global leak detection market was valued at $4,738.0 million in 2022, and is projected to reach $8,155.15 million by 2032, registering a CAGR of 5.64% from 2023 to 2032.

Leak detection is the process of finding unwanted leaks of liquids, gases, or other substances from a sealed system. Employed in everything from homes to pipelines, it uses various methods like pressure changes, sensors, and tracers to identify leaks early, preventing damage, waste, and even danger.

Rise in technological advancements, particularly in sensor technology, data analytics, and remote monitoring, is key driver in the leak detection market, enhancing the accuracy and efficiency of detection systems and fueling the market growth. For instance, the development of IoT-enabled sensors and artificial intelligence algorithms allows for real-time monitoring and analysis of pipeline conditions, enabling early detection of leaks and proactive maintenance. This innovation not only minimizes operational losses and environmental risks but also improves asset management and regulatory compliance for industries such as oil & gas, chemicals, and water management.

However, limited awareness and education about the benefits and functionalities of leak detection technologies pose a significant restraint in the leak detection market. This lack of understanding among end-users can hinder the market growth and slow down adoption rates. For instance, a recent study reported by Environmental Science & Technology Letters in 2023 found that many industrial facilities were unaware of the advanced leak detection solutions available to them. Consequently, these facilities continued to rely on outdated manual inspection methods, leading to higher risks of undetected leaks and environmental harm. The study emphasized the urgent need for educational initiatives to raise awareness about the effectiveness and advantages of modern leak detection technologies, thereby promoting their widespread adoption and enhancing overall safety standards.

Moreover, integration of artificial intelligence (AI) algorithms presents a significant opportunity in the leak detection market by revolutionizing the effectiveness of detection systems. AI enables predictive analytics and anomaly detection, allowing for early identification of potential leaks and minimizing false alarms. For instance, in 2021, Emerson Electric Co. introduced the Plantweb(TM) Insight Inline Corrosion application, leveraging AI to predict and prevent pipeline corrosion, thereby enhancing overall leak detection capabilities. By utilizing AI, companies can optimize resources, streamline operations, and mitigate risks, thus driving innovation and advancement in the leak detection market.

The global leak detection market is segmented into technology, end user, and region. By technology, the leak detection market is segmented into acoustic/ultrasound, fiber optic, pressure-flow deviation methods, mass/volume balance, thermal imaging, and others. By end user, the leak detection industry is fragmented into oil and gas, chemical plants, water treatment plants, thermal power plants, mining and slurry, and others. Region-wise, the leak detection market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), Latin America (Brazil, Argentina, Chile, rest of Latin America ), and Middle East & Africa (UAE, Saudi Arabia, South Africa, rest of MEA).

The major companies profiled in the report include Honeywell International Inc., Siemens AG, Schneider Electric SE, FLIR Systems Inc., Emerson Electric Co., Pentair PLC, Pure Technologies Ltd., Sensit Technologies LLC, Bridger Photonics, Inc., and Perma-Pipe International Holdings, Inc.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the leak detection market analysis from 2022 to 2032 to identify the prevailing leak detection market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the leak detection market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global leak detection market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

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5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
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Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)

Product Benchmarking / Product specification and applications
Product Life Cycles
Upcoming/New Entrant by Regions
Market share analysis of players by products/segments
New Product Development/ Product Matrix of Key Players
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Expanded list for Company Profiles
Historic market data
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
Market share analysis of players at global/region/country level

Key Market Segments

By Technology

Pressure-Flow Deviation Methods
Mass/Volume Balance
Thermal Imaging
Others
Acoustic/Ultrasonic
Fiber Optic

By End User

Oil and Gas
Chemical Plants
Water Treatment Plants
Thermal Power Plants
Mining and Slurry
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- UK
- Germany
- France
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Argentina
- Chile
- Rest of Latin America
Middle East and Africa
- UAE
- Saudi Arabia
- Africa
- Rest of Middle East And Africa

Key Market Players:

Honeywell International Inc.
Siemens AG
Schneider Electric SE.
FLIR Systems Inc.
Emerson Electric Co.
Pentair PLC
Pure Technologies Ltd.
Sensit Technologies LLC
Bridger Photonics, Inc.
Perma-Pipe International Holdings, Inc.

Product Code: A00879

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities

CHAPTER 4: LEAK DETECTION MARKET, BY TECHNOLOGY

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Acoustic/Ultrasonic
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Fiber Optic
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
4.4. Pressure-Flow Deviation Methods
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
4.5. Mass/Volume Balance
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
4.6. Thermal Imaging
- 4.6.1. Key market trends, growth factors and opportunities
- 4.6.2. Market size and forecast, by region
- 4.6.3. Market share analysis by country
4.7. Others
- 4.7.1. Key market trends, growth factors and opportunities
- 4.7.2. Market size and forecast, by region
- 4.7.3. Market share analysis by country

CHAPTER 5: LEAK DETECTION MARKET, BY END USER

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Oil and Gas
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Chemical Plants
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. Water Treatment Plants
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
5.5. Thermal Power Plants
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
5.6. Mining and Slurry
- 5.6.1. Key market trends, growth factors and opportunities
- 5.6.2. Market size and forecast, by region
- 5.6.3. Market share analysis by country
5.7. Others
- 5.7.1. Key market trends, growth factors and opportunities
- 5.7.2. Market size and forecast, by region
- 5.7.3. Market share analysis by country

CHAPTER 6: LEAK DETECTION MARKET, BY REGION

6.1. Overview
- 6.1.1. Market size and forecast By Region
6.2. North America
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by Technology
- 6.2.3. Market size and forecast, by End User
- 6.2.4. Market size and forecast, by country
  - 6.2.4.1. U.S.
  - 6.2.4.1.1. Market size and forecast, by Technology
  - 6.2.4.1.2. Market size and forecast, by End User
  - 6.2.4.2. Canada
  - 6.2.4.2.1. Market size and forecast, by Technology
  - 6.2.4.2.2. Market size and forecast, by End User
  - 6.2.4.3. Mexico
  - 6.2.4.3.1. Market size and forecast, by Technology
  - 6.2.4.3.2. Market size and forecast, by End User
6.3. Europe
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by Technology
- 6.3.3. Market size and forecast, by End User
- 6.3.4. Market size and forecast, by country
  - 6.3.4.1. UK
  - 6.3.4.1.1. Market size and forecast, by Technology
  - 6.3.4.1.2. Market size and forecast, by End User
  - 6.3.4.2. Germany
  - 6.3.4.2.1. Market size and forecast, by Technology
  - 6.3.4.2.2. Market size and forecast, by End User
  - 6.3.4.3. France
  - 6.3.4.3.1. Market size and forecast, by Technology
  - 6.3.4.3.2. Market size and forecast, by End User
  - 6.3.4.4. Rest of Europe
  - 6.3.4.4.1. Market size and forecast, by Technology
  - 6.3.4.4.2. Market size and forecast, by End User
6.4. Asia-Pacific
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by Technology
- 6.4.3. Market size and forecast, by End User
- 6.4.4. Market size and forecast, by country
  - 6.4.4.1. China
  - 6.4.4.1.1. Market size and forecast, by Technology
  - 6.4.4.1.2. Market size and forecast, by End User
  - 6.4.4.2. Japan
  - 6.4.4.2.1. Market size and forecast, by Technology
  - 6.4.4.2.2. Market size and forecast, by End User
  - 6.4.4.3. India
  - 6.4.4.3.1. Market size and forecast, by Technology
  - 6.4.4.3.2. Market size and forecast, by End User
  - 6.4.4.4. South Korea
  - 6.4.4.4.1. Market size and forecast, by Technology
  - 6.4.4.4.2. Market size and forecast, by End User
  - 6.4.4.5. Rest of Asia-Pacific
  - 6.4.4.5.1. Market size and forecast, by Technology
  - 6.4.4.5.2. Market size and forecast, by End User
6.5. Latin America
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by Technology
- 6.5.3. Market size and forecast, by End User
- 6.5.4. Market size and forecast, by country
  - 6.5.4.1. Brazil
  - 6.5.4.1.1. Market size and forecast, by Technology
  - 6.5.4.1.2. Market size and forecast, by End User
  - 6.5.4.2. Argentina
  - 6.5.4.2.1. Market size and forecast, by Technology
  - 6.5.4.2.2. Market size and forecast, by End User
  - 6.5.4.3. Chile
  - 6.5.4.3.1. Market size and forecast, by Technology
  - 6.5.4.3.2. Market size and forecast, by End User
  - 6.5.4.4. Rest of Latin America
  - 6.5.4.4.1. Market size and forecast, by Technology
  - 6.5.4.4.2. Market size and forecast, by End User
6.6. Middle East and Africa
- 6.6.1. Key market trends, growth factors and opportunities
- 6.6.2. Market size and forecast, by Technology
- 6.6.3. Market size and forecast, by End User
- 6.6.4. Market size and forecast, by country
  - 6.6.4.1. UAE
  - 6.6.4.1.1. Market size and forecast, by Technology
  - 6.6.4.1.2. Market size and forecast, by End User
  - 6.6.4.2. Saudi Arabia
  - 6.6.4.2.1. Market size and forecast, by Technology
  - 6.6.4.2.2. Market size and forecast, by End User
  - 6.6.4.3. Africa
  - 6.6.4.3.1. Market size and forecast, by Technology
  - 6.6.4.3.2. Market size and forecast, by End User
  - 6.6.4.4. Rest of Middle East And Africa
  - 6.6.4.4.1. Market size and forecast, by Technology
  - 6.6.4.4.2. Market size and forecast, by End User

CHAPTER 7: COMPETITIVE LANDSCAPE

7.1. Introduction
7.2. Top winning strategies
7.3. Product mapping of top 10 player
7.4. Competitive dashboard
7.5. Competitive heatmap
7.6. Top player positioning, 2022

CHAPTER 8: COMPANY PROFILES

8.1. Honeywell International Inc.
- 8.1.1. Company overview
- 8.1.2. Key executives
- 8.1.3. Company snapshot
- 8.1.4. Operating business segments
- 8.1.5. Product portfolio
- 8.1.6. Business performance
- 8.1.7. Key strategic moves and developments
8.2. Siemens AG
- 8.2.1. Company overview
- 8.2.2. Key executives
- 8.2.3. Company snapshot
- 8.2.4. Operating business segments
- 8.2.5. Product portfolio
- 8.2.6. Business performance
- 8.2.7. Key strategic moves and developments
8.3. Schneider Electric SE.
- 8.3.1. Company overview
- 8.3.2. Key executives
- 8.3.3. Company snapshot
- 8.3.4. Operating business segments
- 8.3.5. Product portfolio
- 8.3.6. Business performance
- 8.3.7. Key strategic moves and developments
8.4. FLIR Systems Inc.
- 8.4.1. Company overview
- 8.4.2. Key executives
- 8.4.3. Company snapshot
- 8.4.4. Operating business segments
- 8.4.5. Product portfolio
- 8.4.6. Business performance
- 8.4.7. Key strategic moves and developments
8.5. Emerson Electric Co.
- 8.5.1. Company overview
- 8.5.2. Key executives
- 8.5.3. Company snapshot
- 8.5.4. Operating business segments
- 8.5.5. Product portfolio
- 8.5.6. Business performance
- 8.5.7. Key strategic moves and developments
8.6. Pentair PLC
- 8.6.1. Company overview
- 8.6.2. Key executives
- 8.6.3. Company snapshot
- 8.6.4. Operating business segments
- 8.6.5. Product portfolio
- 8.6.6. Business performance
- 8.6.7. Key strategic moves and developments
8.7. Pure Technologies Ltd.
- 8.7.1. Company overview
- 8.7.2. Key executives
- 8.7.3. Company snapshot
- 8.7.4. Operating business segments
- 8.7.5. Product portfolio
- 8.7.6. Business performance
- 8.7.7. Key strategic moves and developments
8.8. Sensit Technologies LLC
- 8.8.1. Company overview
- 8.8.2. Key executives
- 8.8.3. Company snapshot
- 8.8.4. Operating business segments
- 8.8.5. Product portfolio
- 8.8.6. Business performance
- 8.8.7. Key strategic moves and developments
8.9. Bridger Photonics, Inc.
- 8.9.1. Company overview
- 8.9.2. Key executives
- 8.9.3. Company snapshot
- 8.9.4. Operating business segments
- 8.9.5. Product portfolio
- 8.9.6. Business performance
- 8.9.7. Key strategic moves and developments
8.10. Perma-Pipe International Holdings, Inc.
- 8.10.1. Company overview
- 8.10.2. Key executives
- 8.10.3. Company snapshot
- 8.10.4. Operating business segments
- 8.10.5. Product portfolio
- 8.10.6. Business performance
- 8.10.7. Key strategic moves and developments