Global Leak Detection And Repair Market Size & Outlook
Global leak detection and repair market, 2017-2030 (US$M)
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Global leak detection and repair market highlights
- The global leak detection and repair market generated a revenue of USD 20,472.8 million in 2023 and is expected to reach USD 27,887.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.5% by 2030.
- In terms of segment, services accounted for a revenue of USD 13,160.2 million in 2023.
- Equipment is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Russia is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 20,472.8 million |
| Market revenue in 2030 | USD 27,887.7 million |
| Growth rate | 4.5% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Equipment |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Equipment, Services |
Other key industry trends
- In terms of revenue, the North America accounted for 53.5% of the global leak detection and repair market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Russia is the fastest growing regional market and is projected to reach USD 1,875.7 million by 2030.
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Leak Detection And Repair Market Scope
Leak Detection And Repair Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global leak detection and repair market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to leak detection and repair market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 64.28% in 2023. Horizon Databook has segmented the Global leak detection and repair market based on equipment, services covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Leak Detection And Repair Component Outlook (Revenue, USD Million, 2017-2030)
- Equipment
- Services
- Global Leak Detection And Repair Product Outlook (Revenue, USD Million, 2017-2030)
- Handheld Gas Detectors
- UAV-Based Detectors
- Vehicle-based Detectors
- Manned Aircraft Detectors
- Global Leak Detection And Repair Technology Outlook (Revenue, USD Million, 2017-2030)
- Volatile Organic Compounds (VOC) Analyzer
- Optical Gas Imaging (OGI)
- Laser Absorption Spectroscopy
- Ambient/Mobile Leak Monitoring
- Acoustic Leak Detector
- Audio-Visual-Olfactory Inspection
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Our clientele includes a mix of leak detection and repair market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global leak detection and repair market , including forecasts for subscribers. This global databook contains high-level insights into Global leak detection and repair market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global leak detection and repair market size, by region, 2017-2030 (US$M)
Top 10 countries: Leak detection and repair market size, 2023 (US$M)
Global leak detection and repair market share, by component, 2023 & 2030 (%, US$M)
Leak detection and repair market: Opportunity assessment by country
Global leak detection and repair market, by region, 2023 (US$M)
| Component | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 8,571.1 | 8,942.4 | 9,328.0 | 9,676.4 | 10,058.4 | 10,485.5 | 10,962.3 | 11,470.5 | 12,006.6 | 12,600.2 | 13,250.1 | 13,948.0 | 14,701.4 | 15,514.4 | 5.1% |
| Europe | 3,520.1 | 3,702.5 | 3,899.3 | 4,062.3 | 4,227.6 | 4,404.8 | 4,520.0 | 4,647.6 | 4,790.2 | 4,943.9 | 5,105.4 | 5,276.1 | 5,456.5 | 5,675.2 | 3.3% |
| Asia Pacific | 2,389.9 | 2,508.6 | 2,636.7 | 2,741.4 | 2,847.3 | 2,960.7 | 3,085.0 | 3,221.1 | 3,371.2 | 3,533.0 | 3,704.8 | 3,887.7 | 4,082.7 | 4,290.7 | 4.8% |
| Latin America | 677.9 | 701.0 | 725.4 | 742.6 | 759.4 | 777.5 | 797.3 | 819.2 | 843.7 | 870.2 | 898.0 | 927.4 | 958.4 | 963.3 | 2.7% |
| MEA | 989.5 | 1,044.8 | 1,119.4 | 1,134.2 | 1,116.0 | 1,077.9 | 1,108.4 | 1,153.9 | 1,227.6 | 1,290.6 | 1,336.9 | 1,380.2 | 1,416.1 | 1,444.1 | 3.9% |
| Overall | 16,148.4 | 16,899.4 | 17,708.8 | 18,357.0 | 19,008.6 | 19,706.3 | 20,472.8 | 21,312.2 | 22,239.3 | 23,237.9 | 24,295.2 | 25,419.4 | 26,615.2 | 27,887.7 | 4.5% |
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