Research and Markets has announced the addition of the ‘North America Oil & Gas Pipeline Leak Detection System Market (2016 - 2022)’ report to their offering.
The North American oil and gas leak detection market is projected to touch US$1.58 billion by 2022. The US is the major revenue contributor in the North American region. In North America, the compensated mass balance leak detection system accounted for major revenue share in the overall market in 2015, wherein the US was the largest contributor.
The compensated mass balance leak detection system is expected to maintain its dominance throughout the forecast period. Amongst all the applications, onshore pipeline segment captured key share in the overall North American oil and gas leak detection market due to the existence of large pipeline network on land.
The North America leak detection industry witnessed slow growth as a result of low oil prices, particularly in Canadian market. However, from 2017 onwards, the market is likely to recover and is exhibited to record growth driven on account of tightening regulations.
The report thoroughly covers the North American oil and gas pipeline leak detection system market by technologies, applications and countries.
Read the full report here.
Edited from source by Stephanie Roker
Read the article online at: https://www.worldpipelines.com/business-news/26072016/north-america-oil-gas-pipeline-leak-detection-system-market-report/