Research and Markets has announced the addition of the ‘GCC Oil & Gas Pipeline Leak Detection Market (2016 - 2022)’ report to their offering.The report thoroughly covers the GCC oil and gas pipeline leak detection system market by technology, application and country. The report provides the unbiased and detailed analysis of the ongoing trends, opportunities/high growth areas, market drivers, which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.GCC is witnessing huge investments in oil and gas sector in order to meet the growing domestic demand for energy. Several pipeline construction projects have been awarded recently for supplying feedstock to the refinery and petrochemical industry. With the expansion of pipeline network in GCC, the need for reliable and cost-effective leak detection system have also increased.
Oil and gas pipeline leak detection system market to witness growth in GCC on account of increasing awareness for pipeline safety and environmental concern and it also helps to reduce the cleanup expenses of operators.
Saudi Arabia and UAE are the key revenue generating countries in entire GCC region. In GCC, acoustic/negative pressure wave leak detection system accounted for major revenue share in the overall market in 2015, with Saudi Arabia being the largest contributor. Acoustic/negative pressure wave leak detection system is expected to maintain its dominance throughout the forecast period. Amongst all applications, onshore pipeline segment captured key share in the overall GCC oil and gas pipeline leak detection market due to existence of large pipeline network on land.
The report provides the detailed analysis of the following market segments.
- Acoustic/negative pressure wave.
- Extended real time transient model (E-RTTM).
- Mass balance + PPA.
- Fiber optic cable.
- Saudi Arabia.
Read the article online at: https://www.worldpipelines.com/business-news/04082016/report-gcc-oil-gas-pipeline-leak-detection-market-2016-2022/