US oil and gas pipeline leak detection system market report

The US oil and gas leak detection system market is projected to display steady growth represented by a CAGR of 1.2% during 2018 - 2023.

The US LDS 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. Stringent safety norms introduced by the government, surging incidence of oil and gas leak and rising investment in R&D are major factors anticipated to drive the demand for US oil and gas leak detection system. Among equipment's flowmeter and acoustic sensors will hold the major share of the market. Whereas fibre optic will witness a significant growth during the forecast period.

This report has covered and analysed the potential of Leak Detection System Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the US oil and gas pipeline leak detection system market. Additionally, the report also highlights market entry strategies for various companies across the globe.

Companies mentioned in the report include: Siemens, Schneider, FLIR Systems, Perma-Pipe, Spectris Plc, Emerson and Schlumberger.

Read the article online at: https://www.worldpipelines.com/business-news/09102018/us-oil-and-gas-pipeline-leak-detection-system-market-report/