November 19, 2019
According to the research report titled, ‘United States Oil and Gas Pipeline Leak Detection System (LDS) Market - By Equipment, By Application, By Region (2018 Edition) By Pipeline Projects, Project Economics, Pricing Analysis: Opportunities and Forecast (2018-2023)’ available with Market Study Report LLC, the US oil & gas pipeline leak detection system market is expected to grow with a CAGR of 1.2% during the period of 2018-2023.
Primary focus of pipeline companies towards the maintenance of withering pipelines in the country is the key factor boosting the growth of United States oil & gas pipelines leak detection system (LDS) market. The active participation of government in promoting the use of device to avoid hazardous leakages, coupled with strict safety regulations, rising cases of leakages, and higher R&D investments will further augment the market outlook.
In terms of equipment type, US oil & gas pipeline LDS market is categorized into flow meters, fiber optic sensors, pressure sensors, and acoustic sensors, in which acoustic sensor and flow meter segments will dominate the market in the upcoming years. However, fiber optic sensors segment is expected to show substantial growth over the forecast period.
As per application spectrum, United States O&G pipeline leak detection system market is segmented into onshore and offshore. Considering the geographical landscape, the market is divided as per regions like the Southeast, Northeast, Western, and the Midwest.
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The key players of US oil & gas LDS market are Honeywell, Siemens, FLIR Systems, Schneider, PSI AG, Pure Technologies, Spectris Plc, Perma-Pipe, TTK, Schlumberger, Emerson, Hifi Engineering, and SENSIT.
Notably, the research report discusses and examines the potential growth opportunities in the market. It also provides crucial data on the market’s current size, prevailing trends, and segmental shares. The study further aims to offer top-notch business information and helps investors to evaluate their investments thoroughly.
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