Research and Markets has announced the addition of its new report, named ‘Europe Oil & Gas Pipeline Leak and Theft Detection Market By Onshore Vs. Offshore, By Application (Buried, Subsea & Refinery/Petrochemical), By Source of Revenue, By Equipment, By Technology Competition Forecast & Opportunities, 2012 - 2022’.
The company projects Europe’s oil and gas pipeline leak and theft detection market to reach US$0.43 billion by 2022.
The often high amounts of damage caused to the environment in the event of leaks and spills and a renewed focus on such incidents, is making leak and theft detection a compulsion for pipeline operators, thus adding to the Europe oil and gas pipeline leak and theft detection market.
Pipeline infrastructure is expected to develop rapidly in the region, owing to recently commissioned oil and gas pipeline projects, such as the Trans-Saharan Gas pipeline and the Turkmenistan-Afghanistan-Pakistan-India pipeline (TAPI), as well as Russia-South Korea projects. These projects have driven growth in Europe’s oil and gas pipeline leak and theft detection market during the forecast period.
The trend comprises of higher growth (in terms of pipeline length) in transmission lines between Europe and other nations. Over 75% of this growth is contributed by onshore market. Western Europe is expected to garner the highest demand for energy in the region, and would be the largest importer of oil and natural gas in Europe.
Read the article online at: https://www.worldpipelines.com/product-news/06062017/research-and-markets-releases-new-report/