PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1237140
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1237140
GCC Oil and Gas Pipeline Leak Detection System Market - By Location ; By Technology ; By Country, Trend Analysis, Competitive Landscape & Forecast, 2019-2029
GCC Oil & Gas Pipeline Leak Detection System Market Expanding at Significant CAGR of 6.8% during the Forecast Period.
GCC oil & gas pipeline leak detection system market is flourishing due to an increasing focus on pipeline safety, growing infrastructure for oil and gas pipelines, increasing demand for natural gas, and adoption of IoT and AI technologies in oil & gas industry.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects the GCC oil & gas pipeline leak detection system market size is projected to grow at an impressive CAGR of 6.79% during the forecast period between 2023 and 2029. Rising investments in the oil & gas sector to meet rising domestic energy demand are major factors driving market growth. Several pipeline construction projects have recently been awarded to supply feedstock to the refinery and petrochemical industries. The demand for dependable and cost-effective leak detection systems has increased as the GCC pipeline network has grown. Because of increased awareness of pipeline safety and environmental concerns, as well as the ability to reduce operators' cleanup costs, the GCC oil and gas pipeline leak detection system market is expected to grow.
GCC Oil & Gas Pipeline Leak Detection System Market - Overview:
Risks associated with oil and combustible gas spills to human life and property. It's critical to locate dangerous and combustible gases as quickly as possible in industrial plants. By monitoring the amount of various life-threatening chemicals in the air, gas detectors serve as an early warning system to ensure the safety of the immediate region. It can also be connected to a control system to turn the operation off automatically in the event of a gas leak. These gas detectors can monitor and measure the concentrations of either single or mixed gases. Gas detectors that are wireless and either stationary or portable are choices. Gas detectors that are portable or handheld are often used by individuals and alert them when a gas concentration is too high.
GCC Oil & Gas Pipeline Leak Detection System Market - By Location:
Rising investment in offshore energy resources is expected to drive product demand during the forecast period. Fiber optic sensors, flow monitoring, infrared leak detection, and pressure monitoring are the most common leak detection technologies used to monitor buried and unburied hydrocarbon pipelines. Tracking gauges used during the inspection process, for example, can provide valuable insights when determining pipeline integrity risk. Among the other technologies are Light Detection and Ranging (LiDAR), Real-time Transient Model (RTTM), Extended-Real time Transient Model (E-RTTM), and Airborne Laser Methane Assessment (ALMA), magnetic induction method, and ground penetration radar.
Impact of COVID-19 on GCC Oil & Gas Pipeline Leak Detection System Market
The Gulf Cooperation Council (GCC) oil and gas pipeline sector was hit hard by a by the COVID-19 pandemic and a weak economic outlook. As a result, deferring financial investment decisions (FIDs), reducing capital expenditure, and canceling unnecessary projects have become the norm for several pipeline operators to survive and overcome the current crisis. The market for gas and oil leak detection in the GCC has been disrupted as many important enterprises in the industry were forced to close temporarily to protect workers' health. A major impediment to the market expansion is the scarcity of raw materials for component manufacturing as a result of the total supply chain lockdown. Manufacturing companies were unable to release products to the market due to delays in the delivery of raw materials and components.
Competitive Landscape:
GCC oil & gas pipeline leak detection system market is fiercely competitive. Prominent players in the market include Teledyne FLIR LLC, ABB, Honeywell International Inc., Siemens Energy, ClampOn AS, Schneider Electric, Xylem, Emerson Electric Co., KROHNE Messtechnik GmbH, TTK - Leak Detection System, Atmos International Ltd., EFA Technologies, Inc., OptaSense Ltd., Pipeline Technologies & Services LLC (PipeTech), Pure Technologies Ltd., and PSI AG. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the GCC Oil & Gas Pipeline Leak Detection System Market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of GCC Oil & Gas Pipeline Leak Detection System Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in GCC Oil & Gas Pipeline Leak Detection System Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. GCC Oil & Gas Pipeline Leak Detection System Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Increasing Investment in Expansion and Development of Oil & Gas Fields
- 3.2.1.2. Expansion of Oil & Gas Pipeline Infrastructure
- 3.2.1.3. Growing Emphasis on Pipeline Safety
- 3.2.2. Restraints
- 3.2.2.1. High Cost of Oil & Gas Leak Detection Systems
- 3.2.2.2. Leak detection systems can generate false alarms, which can be costly and time-consuming to investigate
- 3.2.3. Opportunities
- 3.2.3.1. Increasing demand for natural gas
- 3.2.3.2. Adoption of IoT and AI technologies
- 3.2.3.3. The increasing demand for oil and gas in emerging economies
- 3.2.4. Challenges
- 3.2.4.1. Lack of standardization
- 3.2.4.2. Leak detection systems generate large amounts of data, which can be difficult to manage and analyse
- 3.2.4.3. Environmental concerns
- 3.2.1. Growth Drivers
- 3.3. Technology Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. GCC Oil & Gas Pipeline Leak Detection System Market Overview
- 4.1. Market Size & Forecast by Value, 2019-2029
- 4.1.1. By Value (USD Billion)
- 4.2. Market Share & Forecast
- 4.2.1. By Location
- 4.2.1.1. Onshore
- 4.2.1.2. Offshore
- 4.2.2. By Technology
- 4.2.2.1. Acoustic Sensors
- 4.2.2.2. Flowmeters
- 4.2.2.3. Cable Sensors
- 4.2.2.4. Vapor Sensors
- 4.2.2.5. Others
- 4.2.3. By Country
- 4.2.3.1. Saudi Arabia
- 4.2.3.2. UAE
- 4.2.3.3. Qatar
- 4.2.3.4. Bahrain
- 4.2.3.5. Kuwait
- 4.2.3.6. Oman
- 4.2.1. By Location
5. Saudi Arabia Oil & Gas Pipeline Leak Detection System Market Overview
- 5.1. Market Size & Forecast by Value, 2019-2029
- 5.1.1. By Value (USD Billion)
- 5.2. Market Share & Forecast
- 5.2.1. By Location
- 5.2.2. By Technology
6. UAE Oil & Gas Pipeline Leak Detection System Market Overview
- 6.1. Market Size & Forecast by Value, 2019-2029
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Location
- 6.2.2. By Technology
7. Qatar Oil & Gas Pipeline Leak Detection System Market Overview
- 7.1. Market Size & Forecast by Value, 2019-2029
- 7.1.1. By Value (USD Billion)
- 7.2. Market Share & Forecast
- 7.2.1. By Location
- 7.2.2. By Technology
8. Bahrain Oil & Gas Pipeline Leak Detection System Market Overview
- 8.1. Market Size & Forecast by Value, 2019-2029
- 8.1.1. By Value (USD Billion)
- 8.2. Market Share & Forecast
- 8.2.1. By Location
- 8.2.2. By Technology
9. Kuwait Oil & Gas Pipeline Leak Detection System Market Overview
- 9.1. Market Size & Forecast by Value, 2019-2029
- 9.1.1. By Value (USD Billion)
- 9.2. Market Share & Forecast
- 9.2.1. By Location
- 9.2.2. By Technology
10. Onam Oil & Gas Pipeline Leak Detection System Market Overview
- 10.1. Market Size & Forecast by Value, 2019-2029
- 10.1.1. By Value (USD Billion)
- 10.2. Market Share & Forecast
- 10.2.1. By Location
- 10.2.2. By Technology
11. Rest of GCC Oil & Gas Pipeline Leak Detection System Market Overview
- 11.1. Market Size & Forecast by Value, 2019-2029
- 11.1.1. By Value (USD Billion)
- 11.2. Market Share & Forecast
- 11.2.1. By Location
- 11.2.2. By Technology
12. Competitive Landscape
- 12.1. List of Key Players and Their Offerings
- 12.2. Market Share Analysis, 2022
- 12.3. Competitive Benchmarking, By Operating Parameters
- 12.4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
13. Impact of Covid-19 on GCC Oil & Gas Pipeline Leak Detection System Market
14. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 14.1. Teledyne FLIR LLC
- 14.2. ABB
- 14.3. Honeywell International Inc.
- 14.4. Siemens Energy
- 14.5. ClampOn AS
- 14.6. Schneider Electric
- 14.7. Xylem
- 14.8. Emerson Electric Co.
- 14.9. KROHNE Messtechnik GmbH
- 14.10. TTK - Leak Detection System
- 14.11. Atmos International Ltd.
- 14.12. EFA Technologies, Inc.
- 14.13. OptaSense Ltd.
- 14.14. Pipeline Technologies & Services LLC (PipeTech)
- 14.15. Pure Technologies Ltd.
- 14.16. PSI AG
- 14.17. Other Prominent Players
15. Key Strategic Recommendations
16. Research Methodology
- 16.1. Qualitative Research
- 16.1.1. Primary & Secondary Research
- 16.2. Quantitative Research
- 16.3. Market Breakdown & Data Triangulation
- 16.3.1. Secondary Research
- 16.3.2. Primary Research
- 16.4. Breakdown of Primary Research Respondents, By Region
- 16.5. Assumption & Limitation
*Financial information in case of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
- Figure 1 GCC Oil & Gas Pipeline Leak Detection System Market Segmentation
- Figure 2 GCC Oil & Gas Pipeline Leak Detection System Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 GCC Oil & Gas Pipeline Leak Detection System Market Size, By Value (USD Billion), 2019-2029
- Figure 5 GCC Oil & Gas Pipeline Leak Detection System Market Share, By Location, By Value, 2019-2029
- Figure 6 GCC Oil & Gas Pipeline Leak Detection System Market Share, By Technology, By Value, 2019-2029
- Figure 7 GCC Oil & Gas Pipeline Leak Detection System Market Share, By Country, By Value, 2019-2029
- Figure 8 Saudi Arabia Oil & Gas Pipeline Leak Detection System Market Size, By Value (USD Billion), 2019-2029
- Figure 9 Saudi Arabia Oil & Gas Pipeline Leak Detection System Market Share, By Location, By Value, 2019-2029
- Figure 10 Saudi Arabia Oil & Gas Pipeline Leak Detection System Market Share, By Technology, By Value, 2019-2029
- Figure 11 UAE Oil & Gas Pipeline Leak Detection System Market Size, By Value (USD Billion), 2019-2029
- Figure 12 UAE Oil & Gas Pipeline Leak Detection System Market Share, By Location, By Value, 2019-2029
- Figure 13 UAE Oil & Gas Pipeline Leak Detection System Market Share, By Technology, By Value, 2019-2029
- Figure 14 Qatar Oil & Gas Pipeline Leak Detection System Market Size, By Value (USD Billion), 2019-2029
- Figure 15 Qatar Oil & Gas Pipeline Leak Detection System Market Share, By Location, By Value, 2019-2029
- Figure 16 Qatar Oil & Gas Pipeline Leak Detection System Market Share, By Technology, By Value, 2019-2029
- Figure 17 Bahrain Oil & Gas Pipeline Leak Detection System Market Size, By Value (USD Billion), 2019-2029
- Figure 18 Bahrain Oil & Gas Pipeline Leak Detection System Market Share, By Location, By Value, 2019-2029
- Figure 19 Bahrain Oil & Gas Pipeline Leak Detection System Market Share, By Technology, By Value, 2019-2029
- Figure 20 Kuwait Oil & Gas Pipeline Leak Detection System Market Size, By Value (USD Billion), 2019-2029
- Figure 21 Kuwait Oil & Gas Pipeline Leak Detection System Market Share, By Location, By Value, 2019-2029
- Figure 22 Kuwait Oil & Gas Pipeline Leak Detection System Market Share, By Technology, By Value, 2019-2029
- Figure 23 Onam Oil & Gas Pipeline Leak Detection System Market Size, By Value (USD Billion), 2019-2029
- Figure 24 Onam Oil & Gas Pipeline Leak Detection System Market Share, By Location, By Value, 2019-2029
- Figure 25 Onam Oil & Gas Pipeline Leak Detection System Market Share, By Technology, By Value, 2019-2029
- Figure 26 Rest of GCC Oil & Gas Pipeline Leak Detection System Market Size, By Value (USD Billion), 2019-2029
- Figure 27 Rest of GCC Oil & Gas Pipeline Leak Detection System Market Share, By Location, By Value, 2019-2029
- Figure 28 Rest of GCC Oil & Gas Pipeline Leak Detection System Market Share, By Technology, By Value, 2019-2029
List of Tables
- Table 1 GCC Oil & Gas Pipeline Leak Detection System Market Size, By Location, By Value, 2019-2029
- Table 2 GCC Oil & Gas Pipeline Leak Detection System Market Size, By Technology, By Value, 2019-2029
- Table 3 GCC Oil & Gas Pipeline Leak Detection System Market Size, By Country, By Value, 2019-2029
- Table 4 Saudi Arabia Oil & Gas Pipeline Leak Detection System Market Size, By Location, By Value, 2019-2029
- Table 5 Saudi Arabia Oil & Gas Pipeline Leak Detection System Market Size, By Technology, By Value, 2019-2029
- Table 6 UAE Oil & Gas Pipeline Leak Detection System Market Size, By Location, By Value, 2019-2029
- Table 7 UAE Oil & Gas Pipeline Leak Detection System Market Size, By Technology, By Value, 2019-2029
- Table 8 Qatar Oil & Gas Pipeline Leak Detection System Market Size, By Location, By Value, 2019-2029
- Table 9 Qatar Oil & Gas Pipeline Leak Detection System Market Size, By Technology, By Value, 2019-2029
- Table 10 Bahrain Oil & Gas Pipeline Leak Detection System Market Size, By Location, By Value, 2019-2029
- Table 11 Bahrain Oil & Gas Pipeline Leak Detection System Market Size, By Technology, By Value, 2019-2029
- Table 12 Kuwait Oil & Gas Pipeline Leak Detection System Market Size, By Location, By Value, 2019-2029
- Table 13 Kuwait Oil & Gas Pipeline Leak Detection System Market Size, By Technology, By Value, 2019-2029
- Table 14 Onam Oil & Gas Pipeline Leak Detection System Market Size, By Location, By Value, 2019-2029
- Table 15 Onam Oil & Gas Pipeline Leak Detection System Market Size, By Technology, By Value, 2019-2029
- Table 16 Rest of GCC Oil & Gas Pipeline Leak Detection System Market Size, By Location, By Value, 2019-2029
- Table 17 Rest of GCC Oil & Gas Pipeline Leak Detection System Market Size, By Technology, By Value, 2019-2029
- Table 18 Teledyne FLIR LLC Company Overview
- Table 19 Teledyne FLIR LLC Financial Overview
- Table 20 ABB Company Overview
- Table 21 ABB Financial Overview
- Table 22 Honeywell International Inc. Company Overview
- Table 23 Honeywell International Inc. Financial Overview
- Table 24 Siemens Energy Company Overview
- Table 25 Siemens Energy Financial Overview
- Table 26 ClampOn AS Company Overview
- Table 27 ClampOn AS Financial Overview
- Table 28 Schneider Electric Company Overview
- Table 29 Schneider Electric Financial Overview
- Table 30 Xylem Company Overview
- Table 31 Xylem Financial Overview
- Table 32 Emerson Electric Co. Company Overview
- Table 33 Emerson Electric Co. Financial Overview
- Table 34 KROHNE Messtechnik GmbH Company Overview
- Table 35 KROHNE Messtechnik GmbH Financial Overview
- Table 36 TTK - Leak Detection System Company Overview
- Table 37 TTK - Leak Detection System Financial Overview
- Table 38 Atmos International Ltd. Company Overview
- Table 39 Atmos International Ltd. Financial Overview
- Table 40 EFA Technologies, Inc. Company Overview
- Table 41 EFA Technologies, Inc. Financial Overview
- Table 42 OptaSense Ltd. Company Overview
- Table 43 OptaSense Ltd. Financial Overview
- Table 42 Pipeline Technologies & Services LLC (PipeTech) Company Overview
- Table 43 Pipeline Technologies & Services LLC (PipeTech) Financial Overview
- Table 44 Pure Technologies Ltd. Company Overview
- Table 45 Pure Technologies Ltd. Financial Overview
- Table 46 PSI AG Company Overview
- Table 47 PSI AG Financial Overview
