Research and Markets has announced the addition of the ‘United States Oil and Gas Pipeline Leak Detection System (LDS) Market - An Analysis (2017 Edition)’ report to their offering.
The market is projected to exhibit a CAGR of over 0.28% during 2016 - 2021. On the basis of market segment, the market has been segmented on basis of equipment (pressure sensors, flowmeters, fibre optic sensors, acoustic sensors and other types of leak detectors), applications (onshore and offshore), region (southeast, northeast, western and midwest).
The market is driven by increase in number of pipelines with newly proposed plans of oil and gas transmission. Among equipment flowmeters and pressure sensors are major shareholder during 2011 - 2015. However, the market is outpaced by growing demand for fibre optics and acoustic sensors.
The US oil and gas pipeline leak detection system market grew at a moderate rate over last five years on account of rising expenditure of pipeline companies on maintenance of the ageing pipelines in the country and escalating role of government in empowering usage of leak detection measures to avoid disastrous leakage.
Read the article online at: https://www.worldpipelines.com/business-news/06032017/research-and-markets-analyses-us-oil-gas-pipeline-leak-detection-system-market/