Global Oil & Gas Pipeline Leak Detection Market Size & Outlook
Global oil & gas pipeline leak detection market, 2018-2030 (US$M)
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Global oil & gas pipeline leak detection market highlights
- The global oil & gas pipeline leak detection market generated a revenue of USD 19,706.3 million in 2022 and is expected to reach USD 27,887.7 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 4.4% by 2030.
- In terms of segment, services accounted for a revenue of USD 12,628.5 million in 2022.
- 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 2022.
- Country-wise, Russia is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 19,706.3 million |
| Market revenue in 2030 | USD 27,887.7 million |
| Growth rate | 4.4% (CAGR from 2022 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Equipment |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Equipment, Services |
Other key industry trends
- In terms of revenue, the North America accounted for 53.2% of the global oil & gas pipeline leak detection market in 2022.
- 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 1,866.5 million by 2030.
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Oil & Gas Pipeline Leak Detection Market Scope
Oil & Gas Pipeline Leak Detection Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global oil & gas pipeline leak detection 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 oil & gas pipeline leak detection market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 64.08% in 2022. Horizon Databook has segmented the Global oil & gas pipeline leak detection market based on equipment, services covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Oil & Gas Pipeline Leak Detection Component Outlook (Revenue, USD Million, 2018-2030)
- Equipment
- Services
- Global Oil & Gas Pipeline Leak Detection Technology Outlook (Revenue, USD Million, 2018-2030)
- 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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Horizon Databook provides a detailed overview of global-level data and insights on the Global oil & gas pipeline leak detection market , including forecasts for subscribers. This global databook contains high-level insights into Global oil & gas pipeline leak detection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global oil & gas pipeline leak detection market size, by region, 2018-2030 (US$M)
Top 10 countries: Oil & gas pipeline leak detection market size, 2022 (US$M)
Global oil & gas pipeline leak detection market share, by component, 2022 & 2030 (%, US$M)
Oil & gas pipeline leak detection market: Opportunity assessment by country
Global oil & gas pipeline leak detection market, by region, 2022 (US$M)
| Component | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 701.0 | 725.4 | 742.6 | 759.4 | 777.5 | 797.3 | 819.2 | 843.7 | 870.2 | 898.0 | 927.4 | 958.4 | 991.2 | 3.3% |
| Europe | 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 | 5,647.3 | 3.3% |
| North America | 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 | 5.2% |
| MEA | 1,044.8 | 1,119.4 | 1,134.2 | 1,116.0 | 1,077.8 | 1,108.4 | 1,153.9 | 1,227.6 | 1,290.5 | 1,336.9 | 1,380.2 | 1,416.1 | 1,444.1 | 4.0% |
| Asia Pacific | 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 | 5.0% |
| Overall | 16,899.4 | 17,708.8 | 18,357.0 | 19,008.7 | 19,706.3 | 20,472.8 | 21,312.2 | 22,239.3 | 23,237.8 | 24,295.2 | 25,419.4 | 26,615.2 | 27,887.7 | 4.4% |
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