Global Leak Detection and Repair (LDAR) Market is set for a Rapid Growth and is Expected to Reach USD 26,910 Million Globally by 2026

14-Feb-2020 | Zion Market Research

Zion Market Research has published a new report titled “Global Leak Detection and Repair (LDAR) Market by Product type (Portable Gas Detectors and Fixed Gas Detectors) by technology (Optical Gas Imaging, Laser Absorption Spectroscopy, Acoustic Leak Detection and Others) and by Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026”. According to the report, the global leak detection and repair (LDAR) market analysis was valued at around USD 18,500 Million in 2019 and is expected to reach over USD 26,910 Million by 2026, growing at a CAGR of around 5.5% during the forecast period from 2020 to 2026.

Browse the full “Global Leak Detection and Repair (LDAR) Market by Product type type (Portable Gas Detectors and Fixed Gas Detectors) by technology (Optical Gas Imaging, Laser Absorption Spectroscopy, Acoustic Leak Detection and Others) and by Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/leak-detection-and-repair-ldar-market

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As the name suggests gas detector is a device used for detecting the leakage of gas in any public or safety area. The gas detectors are generally bound with the buzzers to generate sound as alarm. Leakage in oil and gas industries through pumps, valves, etc are major sources for volatile hazardous air pollutants (VHAP) and volatile organic compounds (VOC). Leak detection and repair was make known  by EPA to diminish emission of VOCs and VHAPs.

Global Leak Detection and Repair (LDAR) Market

In-budget installation, highly accurate and sensitivity are the key factors of Gas detectors which drives the market. The security provided by the installation of gas detection system triggers the market for consumption of product.

Using the technique of leak detection via laser may limit the user, as lasers can sense a single gas. The obstructions such as crowd, heavy vehicles, dust or fog may restraint the laser to present successful results hampering the market for leak detection and repair.

A gas detector employs unlimited prospect in near future as they can detect the hazardous gases for organic life. Gas detectors can easily be connected to the system and be connected to the main power so as to shut down the system on any kind of detection.

Portable gas detectors are employed to monitor the atmosphere around workforces. The portable gas detectors are either hand-held or worn over clothes. The portable gas detectors are generally battery operated. The portable gas detector conveys warnings via audible and visible signals, such as alarms and flashing lights, when perilous levels of gas vapors are detected. Fixed type gas detectors can be employed for recognition of one or more gas types. Fixed type detectors are generally installed near the development area of a plant or control room, or an area to be sheltered. Usually, industrial sensors are mounted on fixed type mild steel structures and a cable connects the detectors to a SCADA system for continuous monitoring. A tripping interlock can be stimulated for an emergency situation. The portable gas detectors are leading in the market share.

Majority of North American and European oil and gas industries boosts the demand for leak detection and repair. The North America is leading in the market share for leakage detection and repairment. European countries are taking keen interest for investing in the hub of oil and gas generation plants to be constructed in Asia Pacific regions. North America and Europe holds nearly two-third of market share for leak detection and repair.

Some of the key market players in market are GHD Group, Heath Consultants, Chicago Bridge & Iron Company, ERM Group, Inc., and Guardian Compliance. McDermott International, Inc. was awarded EPC contract for CB&I storage tanks in Saudi Arabia. McDermott International, Inc. would inspect storage tanks utilizing McDermott's local capabilities and facilities. This report segments leak detection and repair (LDAR) market analysis as follows:

Global Leak Detection and Repair Market Analysis by Product Type-

  • Portable Gas Detectors
  • Fixed Gas Detectors

Global Leak Detection and Repair Market Analysis by Technology –

  • Optical Gas Imaging
  • Laser Absorption Spectroscopy
  • Acoustic Leak Detection
  • Others

Global Leak Detection and Repair Market Analysis by Region-

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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