Latest industry research report on Leak Detection Market. Leak detection is a system that detects leakage in oil & gas pipelines and conveys information to pipeline controllers. Leak detection systems increase efficiency, safety, and reliability of oil & gas pipelines by reducing inspection time and downtime. It provides information in the form of alarm or others to assist controllers in making decision and take appropriate action.
Increased number of leakages at oil & gas production, pipelines, &storage tanks and government regulations for safety & security are factors driving the growth of the world leak detection market for oil & gas.
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In addition, expansion up gradation of exploration, pipelines, drilling sites, and refineries supplements the growth. However, high cost and limitations in feasibility are factors hindering the growth of the market. The demand for oil & gas exploration and production activities and environmental concerns would create opportunities in the market.
The world leak detection market for oil & gas is segmented based on technology, type, and geography.
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