Leak Detection and Repair Market
Leak Detection and Repair Market Analysis by Component (Equipment, Services), by Product (Handheld Gas Detectors, UAV-based Detectors, Vehicle-based Detectors), by Technology (Acoustic Leak Detection, Optical Gas Imaging) & Region - Global Forecast 2022 to 2032
Analysis of Leak Detection and Repair market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Global Leak Detection and Repair Market Outlook (2022 to 2032)
The leak detection and repair market has garnered a market value of US$ 18.22 Bn in 2022, anticipated to register a positive CAGR of 4.1% in the forecast period 2022 to 2032 and reach a value of US$ 27.23 Bn.
| Report Attributes | Details |
|---|---|
| Leak Detection and Repair Market Size (2022) | US$ 18.22 Bn |
| Sales Forecast for Leak Detection and Repair (2032) | US$ 27.23 Bn |
| Global Market Growth Rate (2022 to 2032) | 4.1% CAGR |
| Key Companies Profiled | Aeris Technologies, Inc.; IBM Thomas J. Watson Research Center; Bridger Photonics Inc.; LI-COR, Inc.; Duke University; Colorado State University; Palo Alto Research Center; Maxion Technologies Inc.; Rebellion Photonics; Physical Sciences Inc.; Avitas Systems; PrecisionHawk; SeekOps, Inc.; Advisian; Ball Aerospace & Technologies Corp. |
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Demand Analysis of Leak Detection and Repair from 2015 to 2021 Vs Future Outlook 2022 to 2032
From 2015 to 2021, the global leak detection and repair market registered significant gains, reaching a valuation of US$ 17.5 Bn in 2021. The industry flourished at a historical CAGR of 3.9%.The market growth can be attributed to the increasing demand for leak detection and repair (LDAR) systems among utility companies worldwide due to their benefits, such as safety improvement, cost-saving, and environmental protection.
During the COVID-19 pandemic, prospects declined temporarily, attributed to global industry shutdowns in the wake of mandatorily imposed lockdowns to curb the spread of the virus. Cessation of on-site manufacturing activities led to a decline in periodic checks for leak detection and repair, leading to a contraction. However, since mid-2021, prospects have begun to elevate, given the relaxation of lockdowns and curbs.
LDAR systems also help oil and gas and petroleum companies make workplaces healthier by decreasing the risk of accidents caused due to explosions and fire outbreaks. Increasing developments in natural gas and petroleum infrastructure worldwide are also expected to drive market growth. Considering these factors, the market is projected to witness high growth over the coming years, registering a CAGR of 4.1% to top US$ 27.23 Bn by 2032.
What is driving the Market Demand for Leak Detection and Repair?
Many gas emission monitoring companies use machine learning and Artificial Intelligence (AI) to detect leaks in their infrastructure more efficiently. A machine learning algorithm identifies leaks and emission risks on the ground using satellite imagery. The data obtained from machine learning allows operators to identify trends and patterns over time, thereby helping them make data-driven decisions.
As a result, various oil & gas companies are trying to replace their traditional LDAR systems with technologically enhanced LDAR systems. Various venture capital funding companies are investing in companies focused on providing AI-based LDAR solutions, creating new opportunities for market growth.
For instance, in November 2021, SCF Ventures, a venture capital firm focused on providing capital to companies operating in the energy services sector, announced its investment in Qube Technologies, a continuous emission monitoring technology provider. Qube Technologies’ continuous emission monitoring technology enables oil and gas operators to better detect, reduce, and measure methane emissions. The investment would help Qube Technologies accelerate its deployment of continuous monitoring systems and further enable industries to reduce emissions.
However, the increasing focus of governments on the development of renewable energy generation projects is expected to hinder market growth over the forecast period.
For instance, in March 2021, the U.K. government announced that it was investing about USD 105.7 million in next-generation green technologies. This funding is part of the government’s USD 1.17 billion Net Zero Innovation Portfolio. In addition, the government also launched three new innovative challenges across areas of the green energy sector, such as floating offshore wind energy, biomass production, and energy storage technology.
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Country-wise Analysis
How is the US Propelling Sales of leak detection and repair?
The US market for leak detection and repair is one of the largest markets, accounting for a market share of 54%. The growth of the region can be attributed to the presence of stringent government regulations and norms. The pipeline leak detection regulation of the U.S requires the installation of a leak detection system on hazardous liquid pipelines.
The government’s support for the oil and gas industries in the U.S. is also driving the country’s industrial growth. The growing oil and gas industry is thereby creating the need for leak detection and repair systems in the U.S. In addition, government subsidies to the oil and gas industries are also driving the regional market growth.
What Drives the Demand for Leak Detection and Repair in India?
The Indian regional market is expected to witness significant growth over the forecast period. The increasing demand for oil and oil products is expected to drive the demand for LDAR among utility companies in the region. According to Fact.MR, India is expected to flourish at a CAGR of 5%.
The increasing production of natural gas in countries, such as India, is also creating the need for leak detection and repair systems. According to the Indian Brand Equity Foundation, oil demand in India is projected to register a 2x growth to reach 11 million barrels by 2045. The subsequent expansion of oil and gas pipelines is expected to drive market growth in the region.
Category-wise Insights
Which Leak Detection and Repair Product Leads the Market?
The handheld gas detectors segment dominates the market and accounts for more than 36% share of the global revenue. Handheld gas detectors are increasingly in demand among oil and gas companies owing to their benefits, such as fast and reliable detection, compact and lightweight structures, and ease of use.
These detectors are used for detecting different gases, such as methanol, carbon dioxide, ammonia, and methane. The rising natural gas production, coupled with the increasing trade of oil and gas products, is increasing the demand for handheld gas detectors in the oil & gas industry.
On the basis of products, the global market has been divided into handheld gas detectors, UAV-based detectors, vehicle-based detectors, manned aircraft detectors. The UAV-based detectors segment is anticipated to register the fastest CAGR over the forecast period.
The use of UAV-based detectors to navigate dangerous areas is one of the critical advantages of these aerial solutions, which drives the segment growth. In addition, oil and gas companies demand UAV-based detectors due to improved safety and efficacy. UAV-based detectors are used for detecting gases, such as benzene, ethanol, heptane, octane, methane, and others.
Which Type of Technology Accounts for Maximum Revenue Generation?
Volatile Organic Compounds Analyzer to Capture Bulk of Market Revenue
The volatile organic compounds (VOCs) analyzer segment dominates the LADR market, accounting for more than 33% share of the global revenue. Different gases, such as propane, N-butane, N-pentane, and N-octane, are considered under the VOC category. The concentration of a VOC is high in an indoor environment compared to the outdoor environment.
The Optical Gas Imaging (OGI) segment is expected to register the fastest CAGR over the forecast period. Optical gas imaging is a thermal imaging technology that utilizes highly sensitive infrared cameras to detect small fugitive emissions from the oil and gas industries.
The demand for optical gas imaging detectors is high in industries, such as pulp and paper, petrochemical, natural gas processing plants, and power generation plants. These detectors enable users to detect the invisible gases that escape faster in the environment and can prove harmful to the environment as well as personnel.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Competitive Landscape
The competitive landscape of the leak detection and repair market is shaped by product innovation and strategic mergers & acquisitions. Front Runners are emphasizing capacity enhancements and global footprint expansion to leverage lucrative prospects in developing economies.
- In August 2021, Southern California Gas Company (SoCalGas) signed an agreement for $12 million with high-tech laser company, Bridger Photonics, Inc. (Bridger). The company is using Bridger's Gas Mapping LiDAR to detect, pinpoint, and quantify methane emissions throughout SoCalGas’s distribution area.
- In June 2021, Clean Air Engineering, Inc. announced that they have signed a channel partnership agreement. Through this partnership, CleanAir will combine Picarro’s industry-leading ethylene oxide (EO) monitoring technology with its best-in-class services to provide industrial clients with advanced solutions for EO measurement and monitoring.
Key Market Segments Covered in Leak Detection and Repair Industry Research
-
By Component :
- Equipment
- Services
-
By Product :
- Handheld Gas Detectors
- UAV-based Detectors
- Vehicle-based Detectors
- Manned Aircraft Detectors
-
By Technology :
- Volatile Organic Compounds (VOC) Analyzer
- Optical Gas Imaging (OGI)
- Laser Absorption Spectroscopy
- Ambient/Mobile Leak Monitoring
- Acoustic Leak Detection
- Audio-Visual-Olfactory Inspection
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Risks and Trends Assessment
- 4. Market Background
- 5. Key Success Factors
- 6. Global Market Demand Analysis 2015 to 2021 and Forecast, 2022 to 2032
- 7. Global Market Value Analysis 2015 to 2021 and Forecast, 2022 to 2032
- 8. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Component
- 8.1.1. Equipment
- 8.1.2. Services
- 9. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Product
- 9.1. Handheld Gas Detectors
- 9.2. UAV-Based Detectors
- 9.3. Vehicle-based Detectors
- 9.4. Manned Aircraft Detectors
- 10. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Technology
- 10.1. Volatile Organic Compounds (VOC) Analyzer
- 10.2. Optical Gas Imaging (OGI)
- 10.3. Laser Absorption Spectroscopy
- 10.4. Ambient/Mobile Leak Monitoring
- 10.5. Acoustic Leak Detection
- 10.6. Audio-Visual-Olfactory Inspection
- 11. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. Asia Pacific
- 11.5. Middle East and Africa (MEA)
- 12. North America Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 13. Latin America Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 14. Europe Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 15. Asia Pacific Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 16. Middle East and Africa Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 17. Key Countries Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 18. Market Structure Analysis
- 19. Competition Analysis
- 19.1. Aeris Technologies Inc
- 19.2. IBM Thomas J. Watson Research Center
- 19.3. Bridger Photonics, Inc.
- 19.4. LI-COR Inc
- 19.5. Duke University
- 19.6. Colorado State University
- 19.7. Palo Alto Research Center
- 19.8. Maxion Technologies Inc
- 19.9. Rebellion Photonics
- 19.10. Physical Sciences Inc
- 20. Assumptions and Acronyms Used
- 21. Research Methodology
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List Of Table
Table 1: Global Market Value (US$ Mn), By Component , 2015 to 2021
Table 2: Global Market Value (US$ Mn), By Component , 2022 to 2032
Table 3: Global Market Value (US$ Mn), By Technology , 2015 to 2021
Table 4: Global Market Value (US$ Mn), By Technology , 2022 to 2032
Table 5: Global Market Value (US$ Mn), By Product , 2015 to 2021
Table 6: Global Market Value (US$ Mn), By Product , 2022 to 2032
Table 7: Global Market, By Region, 2015 to 2021
Table 8: Global Market, By Region, 2022 to 2032
Table 9: North America Market Value (US$ Mn), By Component , 2015 to 2021
Table 10: North America Market Value (US$ Mn), By Component , 2022 to 2032
Table 11: North America Market Value (US$ Mn), By Technology , 2015 to 2021
Table 12: North America Market Value (US$ Mn), By Technology , 2022 to 2032
Table 13: North America Market Value (US$ Mn), By Product , 2015 to 2021
Table 14: North America Market Value (US$ Mn), By Product , 2022 to 2032
Table 15: North America Market, By Country, 2015 to 2021
Table 16: North America Market, By Country, 2022 to 2032
Table 17: Latin America Market Value (US$ Mn), By Component , 2015 to 2021
Table 18: Latin America Market Value (US$ Mn), By Component , 2022 to 2032
Table 19: Latin America Market Value (US$ Mn), By Technology , 2015 to 2021
Table 20: Latin America Market Value (US$ Mn), By Technology , 2022 to 2032
Table 21: Latin America Market Value (US$ Mn), By Product , 2015 to 2021
Table 22: Latin America Market Value (US$ Mn), By Product , 2022 to 2032
Table 23: Latin America Market, By Country, 2015 to 2021
Table 24: Latin America Market, By Country, 2022 to 2032
Table 25: Europe Market Value (US$ Mn), By Component , 2015 to 2021
Table 26: Europe Market Value (US$ Mn), By Component , 2022 to 2032
Table 27: Europe Market Value (US$ Mn), By Technology , 2015 to 2021
Table 28: Europe Market Value (US$ Mn), By Technology , 2022 to 2032
Table 29: Europe Market Value (US$ Mn), By Product , 2015 to 2021
Table 30: Europe Market Value (US$ Mn), By Product , 2022 to 2032
Table 31: Europe Market, By Country, 2015 to 2021
Table 32: Europe Market, By Country, 2022 to 2032
Table 33: Asia Pacific Market Value (US$ Mn), By Component , 2015 to 2021
Table 34: Asia Pacific Market Value (US$ Mn), By Component , 2022 to 2032
Table 35: Asia Pacific Market Value (US$ Mn), By Technology , 2015 to 2021
Table 36: Asia Pacific Market Value (US$ Mn), By Technology , 2022 to 2032
Table 37: Asia Pacific Market Value (US$ Mn), By Product , 2015 to 2021
Table 38: Asia Pacific Market Value (US$ Mn), By Product , 2022 to 2032
Table 39: Asia Pacific Market, By Country, 2015 to 2021
Table 40: Asia Pacific Market, By Country, 2022 to 2032
Table 41: MEA Market Value (US$ Mn), By Component , 2015 to 2021
Table 42: MEA Market Value (US$ Mn), By Component , 2022 to 2032
Table 43: MEA Market Value (US$ Mn), By Technology , 2015 to 2021
Table 44: MEA Market Value (US$ Mn), By Technology , 2022 to 2032
Table 45: MEA Market Value (US$ Mn), By Product , 2015 to 2021
Table 46: MEA Market Value (US$ Mn), By Product , 2022 to 2032
Table 47: MEA Market, By Country, 2015 to 2021
Table 48: MEA Market, By Country, 2022 to 2032
Table 49: Global Market Incremental $ Opportunity, By Component , 2015 to 2021
Table 50: Global Market Incremental $ Opportunity, By Technology , 2022 to 2032
Table 51: Global Market Incremental $ Opportunity, By Product , 2015 to 2021
Table 52: Global Market Incremental $ Opportunity, By Region, 2022 to 2032
Table 53: North America Market Incremental $ Opportunity, By Component , 2015 to 2021
Table 54: North America Market Incremental $ Opportunity, By Technology , 2022 to 2032
Table 55: North America Market Incremental $ Opportunity, By Product , 2015 to 2021
Table 56: North America Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 57: Latin America Market Incremental $ Opportunity, By Component , 2015 to 2021
Table 58: Latin America Market Incremental $ Opportunity, By Technology , 2022 to 2032
Table 59: Latin America Market Incremental $ Opportunity, By Product , 2015 to 2021
Table 60: Latin America Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 61: Europe Market Incremental $ Opportunity, By Component , 2015 to 2021
Table 62: Europe Market Incremental $ Opportunity, By Technology , 2022 to 2032
Table 63: Europe Market Incremental $ Opportunity, By Product , 2015 to 2021
Table 64: Europe Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 65: Asia Pacific Market Incremental $ Opportunity, By Component , 2015 to 2021
Table 66: Asia Pacific Market Incremental $ Opportunity, By Technology , 2022 to 2032
Table 67: Asia Pacific Market Incremental $ Opportunity, By Product , 2015 to 2021
Table 68: Asia Pacific Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 69: MEA Market Incremental $ Opportunity, By Component , 2015 to 2021
Table 70: MEA Market Incremental $ Opportunity, By Technology , 2022 to 2032
Table 71: MEA Market Incremental $ Opportunity, By Product , 2015 to 2021
Table 72: MEA Market Incremental $ Opportunity, By Country, 2022 to 2032
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List Of Figures
Figure 1: Global Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 2: Global Market Absolute $ Historical Gain (2015 to 2021) and Opportunity(2022 to 2032), US$ Mn
Figure 3: Global Market Share, By Component , 2022 & 2032
Figure 4: Global Market Y-o-Y Growth Projections, By Component to 2022 to 2032
Figure 5: Global Market Attractiveness Index, By Component to 2022 to 2032
Figure 6: Global Market Share, By Technology , 2022 & 2032
Figure 7: Global Market Y-o-Y Growth Projections, By Technology to 2022 to 2032
Figure 8: Global Market Attractiveness Index, By Technology to 2022 to 2032
Figure 9: Global Market Share, By Product , 2022 & 2032
Figure 10: Global Market Y-o-Y Growth Projections, By Product to 2022 to 2032
Figure 11: Global Market Attractiveness Index, By Product to 2022 to 2032
Figure 12: Global Market Share, By Region, 2022 & 2032
Figure 13: Global Market Y-o-Y Growth Projections, By Region to 2022 to 2032
Figure 14: Global Market Attractiveness Index, By Region to 2022 to 2032
Figure 15: North America Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 16: North America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 17: North America Market Share, By Component , 2022 & 2032
Figure 18: North America Market Y-o-Y Growth Projections, By Component to 2022 to 2032
Figure 19: North America Market Attractiveness Index, By Component to 2022 to 2032
Figure 20: North America Market Share, By Technology , 2022 & 2032
Figure 21: North America Market Y-o-Y Growth Projections, By Technology to 2022 to 2032
Figure 22: North America Market Attractiveness Index, By Technology to 2022 to 2032
Figure 23: North America Market Share, By Product , 2022 & 2032
Figure 24: North America Market Y-o-Y Growth Projections, By Product to 2022 to 2032
Figure 25: North America Market Attractiveness Index, By Product to 2022 to 2032
Figure 26: North America Market Share, By Country, 2022 & 2032
Figure 27: North America Market Y-o-Y Growth Projections, By Country to 2022 to 2032
Figure 28: North America Market Attractiveness Index, By Country to 2022 to 2032
Figure 29: Latin America Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 30: Latin America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 31: Latin America Market Share, By Component , 2022 & 2032
Figure 32: Latin America Market Y-o-Y Growth Projections, By Component to 2022 to 2032
Figure 33: Latin America Market Attractiveness Index, By Component to 2022 to 2032
Figure 34: Latin America Market Share, By Technology , 2022 & 2032
Figure 35: Latin America Market Y-o-Y Growth Projections, By Technology to 2022 to 2032
Figure 36: Latin America Market Attractiveness Index, By Technology to 2022 to 2032
Figure 37: Latin America Market Share, By Product , 2022 & 2032
Figure 38: Latin America Market Y-o-Y Growth Projections, By Product to 2022 to 2032
Figure 39: Latin America Market Attractiveness Index, By Product to 2022 to 2032
Figure 40: Latin America Market Share, By Country, 2022 & 2032
Figure 41: Latin America Market Y-o-Y Growth Projections, By Country to 2022 to 2032
Figure 42: Latin America Market Attractiveness Index, By Country to 2022 to 2032
Figure 43: Europe Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 44: Europe Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 45: Europe Market Share, By Component , 2022 & 2032
Figure 46: Europe Market Y-o-Y Growth Projections, By Component to 2022 to 2032
Figure 47: Europe Market Attractiveness Index, By Component to 2022 to 2032
Figure 48: Europe Market Share, By Technology , 2022 & 2032
Figure 49: Europe Market Y-o-Y Growth Projections, By Technology to 2022 to 2032
Figure 50: Europe Market Attractiveness Index, By Technology to 2022 to 2032
Figure 51: Europe Market Share, By Product , 2022 & 2032
Figure 52: Europe Market Y-o-Y Growth Projections, By Product to 2022 to 2032
Figure 53: Europe Market Attractiveness Index, By Product to 2022 to 2032
Figure 54: Europe Market Share, By Country, 2022 & 2032
Figure 55: Europe Market Y-o-Y Growth Projections, By Country to 2022 to 2032
Figure 56: Europe Market Attractiveness Index, By Country to 2022 to 2032
Figure 57: MEA Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 58: MEA Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 59: MEA Market Share, By Component , 2022 & 2032
Figure 60: MEA Market Y-o-Y Growth Projections, By Component to 2022 to 2032
Figure 61: MEA Market Attractiveness Index, By Component to 2022 to 2032
Figure 62: MEA Market Share, By Technology , 2022 & 2032
Figure 63: MEA Market Y-o-Y Growth Projections, By Technology to 2022 to 2032
Figure 64: MEA Market Attractiveness Index, By Technology to 2022 to 2032
Figure 65: MEA Market Share, By Product , 2022 & 2032
Figure 66: MEA Market Y-o-Y Growth Projections, By Product to 2022 to 2032
Figure 67: MEA Market Attractiveness Index, By Product to 2022 to 2032
Figure 68: MEA Market Share, By Country, 2022 & 2032
Figure 69: MEA Market Y-o-Y Growth Projections, By Country to 2022 to 2032
Figure 70: MEA Market Attractiveness Index, By Country to 2022 to 2032
Figure 71: Asia Pacific Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 72: Asia Pacific Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 73: Asia Pacific Market Share, By Component , 2022 & 2032
Figure 74: Asia Pacific Market Y-o-Y Growth Projections, By Component to 2022 to 2032
Figure 75: Asia Pacific Market Attractiveness Index, By Component to 2022 to 2032
Figure 76: Asia Pacific Market Share, By Technology , 2022 & 2032
Figure 77: Asia Pacific Market Y-o-Y Growth Projections, By Technology to 2022 to 2032
Figure 78: Asia Pacific Market Attractiveness Index, By Technology to 2022 to 2032
Figure 79: Asia Pacific Market Share, By Product , 2022 & 2032
Figure 80: Asia Pacific Market Y-o-Y Growth Projections, By Product to 2022 to 2032
Figure 81: Asia Pacific Market Attractiveness Index, By Product to 2022 to 2032
Figure 82: Asia Pacific Market Share, By Country, 2022 & 2032
Figure 83: Asia Pacific Market Y-o-Y Growth Projections, By Country to 2022 to 2032
Figure 84: Asia Pacific Market Attractiveness Index, By Country to 2022 to 2032
Figure 85: US Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 86: US Market Share, By Component , 2021
Figure 87: US Market Share, By Technology , 2021
Figure 88: US Market Share, By Product , 2021
Figure 89: Canada Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 90: Canada Market Share, By Component , 2021
Figure 91: Canada Market Share, By Technology , 2021
Figure 92: Canada Market Share, By Product , 2021
Figure 93: Brazil Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 94: Brazil Market Share, By Component , 2021
Figure 95: Brazil Market Share, By Technology , 2021
Figure 96: Brazil Market Share, By Product , 2021
Figure 97: Mexico Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 98: Mexico Market Share, By Component , 2021
Figure 99: Mexico Market Share, By Technology , 2021
Figure 100: Mexico Market Share, By Product , 2021
Figure 101: Germany Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 102: Germany Market Share, By Component , 2021
Figure 103: Germany Market Share, By Technology , 2021
Figure 104: Germany Market Share, By Product , 2021
Figure 105: U.K. Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 106: U.K. Market Share, By Component , 2021
Figure 107: U.K. Market Share, By Technology , 2021
Figure 108: U.K. Market Share, By Product , 2021
Figure 109: France Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 110: France Market Share, By Component , 2021
Figure 111: France Market Share, By Technology , 2021
Figure 112: France Market Share, By Product , 2021
Figure 113: Italy Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 114: Italy Market Share, By Component , 2021
Figure 115: Italy Market Share, By Technology , 2021
Figure 116: Italy Market Share, By Product , 2021
Figure 117: BENELUX Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 118: BENELUX Market Share, By Component , 2021
Figure 119: BENELUX Market Share, By Technology , 2021
Figure 120: BENELUX Market Share, By Product , 2021
Figure 121: Nordic Countries Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 122: Nordic Countries Market Share, By Component , 2021
Figure 123: Nordic Countries Market Share, By Technology , 2021
Figure 124: Nordic Countries Market Share, By Product , 2021
Figure 125: China Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 126: China Market Share, By Component , 2021
Figure 127: China Market Share, By Technology , 2021
Figure 128: China Market Share, By Product , 2021
Figure 129: Japan Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 130: Japan Market Share, By Component , 2021
Figure 131: Japan Market Share, By Technology , 2021
Figure 132: Japan Market Share, By Product , 2021
Figure 133: South Korea Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 134: South Korea Market Share, By Component , 2021
Figure 135: South Korea Market Share, By Technology , 2021
Figure 136: South Korea Market Share, By Product , 2021
Figure 137: GCC Countries Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 138: GCC Countries Market Share, By Component , 2021
Figure 139: GCC Countries Market Share, By Technology , 2021
Figure 140: GCC Countries Market Share, By Product , 2021
Figure 141: South Africa Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 142: South Africa Market Share, By Component , 2021
Figure 143: South Africa Market Share, By Technology , 2021
Figure 144: South Africa Market Share, By Product , 2021
Figure 145: Turkey Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 146: Turkey Market Share, By Component , 2021
Figure 147: Turkey Market Share, By Technology , 2021
Figure 148: Turkey Market Share, By Product , 2021
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the projected growth rate for the global market for leak detection and repair?
Fact.MR’s recent study on the global market for leak detection and repair projects the market to grow at 4.1% value CAGR through the period of forecast 2022 to 2032.
What is the projected market value of leak detection and repair?
The global leak detection and repair market size was estimated at USD 17.5 billion in 2021 and is expected to reach USD 18.22 billion in 2022.
What are the future prospects for leak detection and repair demand?
Leading companies will continue working on refreshing their product portfolio. This will continue to influence global prospects.
Which are some of the lucrative markets for leak detection and repair?
North America, Asia Pacific, and Europe are lucrative markets for leak detection and repair and are expected to dominate throughout the forecast period.
Which segment accounts for high sales of leak detection and repair?
The Volatile Organic Compounds (VOCs) analyzer segment dominates the LADR market and accounted for more than 33% share of the global revenue
Which region is projected to be highly lucrative during the forecast period?
The U.S is expected to post significant market gains, accumulating a revenue share of 54%
Leak Detection and Repair Market