Gcc Oil And Gas Pipeline Leak Detection System Market

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GCC Oil and Gas Pipeline Leak Detection System Market - By Location (Onshore, Offshore); By Technology (Acoustic Sensors, Flowmeters, Cable Sensors, Vapor Sensors, and Others); By Country (Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, and Oman), Trend Analysis, Competitive Landscape & Forecast, 2019–2029

Published Date: March 2023
Report ID: BWC23184
Available Format: PDF
Page: 250

Report Overview

An Increasing emphasis on pipeline safety, expanding oil and gas pipeline infrastructure, rising natural gas consumption, and adoption of IoT and AI technology are expected to drive GCC Oil & Gas Pipeline Leak Detection System Market during the forecast period between 2023 and 2029.

GCC Oil & Gas Pipeline Leak Detection System Market - Industry Trends & Forecast Report, 2029

GCC oil & gas pipeline leak detection system market size is projected to grow at a CAGR of 6.79% by 2029. Major factors driving the growth of the market include the rising investments in the oil and gas sector to meet rising domestic energy demand. Several pipeline construction projects for supplying feedstock to the refinery and petrochemical industries have recently been awarded. With the expansion of the GCC pipeline network, the demand for dependable and cost-effective leak detection systems has increased. The GCC oil and gas pipeline leak detection system market is expected to grow due to increased awareness of pipeline safety and environmental concerns, as well as the ability to reduce operators' cleanup costs.

GCC Oil & Gas Pipeline Leak Detection System Market - Overview

Risks to life and property arising from oil and flammable gas leaks. In industrial plants, it's crucial to find hazardous and combustible gases as soon as feasible. Gas detectors function as an early warning system to ensure the safety of the immediate area by measuring the concentration of various life-threatening gases in the air. In the event of a gas leak, it can also be connected to a control system to shut off the operation automatically. The concentrations of either single or mixed gases can be tracked and measured using these gas detectors. Wireless (portable) or stationary gas detectors are both options. Humans frequently use portable or handheld gas detectors, which warn people when a gas concentration exceeds the safe level.

Growth Drivers

Increase in Global Oil & Gas Exploration and Production Activities

Several new oil and gas exploration projects have been started to satisfy the GGC's expanding demand for oil and gas as a result of the finding of numerous oil and gas resources throughout the GCC in recent years. Such oil & gas exploration and production operations are projected to support the growth of the oil & gas leak detection market throughout the upcoming year.

Restraints

High Cost of Fiber Optic Cable Leak Detection Device

The excessive cost of the fiber optic cable leak detection device, however, may be a significant barrier to its development. For long-distance pipelines, such as cross-country pipelines, fiber optic cable LDS are very sensitive and significantly more affordable.

Impact of COVID-19 on GCC Oil & Gas Pipeline Leak Detection System Market

GCC oil & gas pipeline sector has been hit hard by demand destruction caused by the Covid-19 pandemic and a weak economic outlook. As a result, deferring financial investment decisions (FIDs), reducing capital expenditure, and halting avoidable projects have become the norm for several pipeline operators to survive and overcome the current crisis. The market for gas & oil leak detection in GCC was disrupted since many important enterprises in the industry were obliged to temporarily close to safeguard the workers' health. Also, a major obstacle to the expansion of the market is the scarcity of raw materials for component manufacturing due to the total lockdown on the supply chain side. Due to delays in the delivery of raw materials and components, manufacturing companies were unable to release products onto the market.

GCC Oil & Gas Pipeline Leak Detection System Market

Segmental Coverage

GCC Oil & Gas Pipeline Leak Detection System Market - By Location

GCC oil & gas pipeline leak detection system market is divided into Onshore and Offshore segments. During the forecast period, rising investment in offshore energy resources is expected to drive product demand. The most common leak detection technologies used to monitor buried and unburied hydrocarbon pipelines are fiber optic sensors, flow monitoring, infrared leak detection, and pressure monitoring. Techniques such as tracking gauges used during the inspection process can provide valuable insights when determining pipeline integrity risk. Light Detection and Ranging (LiDAR), Real-time Transient Model (RTTM), Extended-Real time Transient Model (E-RTTM), and Airborne Laser Methane Assessment (ALMA), magnetic induction method, and ground penetration radar are among the other technologies.

GCC Oil & Gas Pipeline Leak Detection System Market

GCC Oil & Gas Pipeline Leak Detection System Market - By Technology

Based on technology, the GCC oil & gas pipeline leak detection system market is divided into Acoustic Sensors, Flowmeters, Cable Sensors, Vapor Sensors, and other segments. The acoustic sensors segment accounted for a significant share in the overall GCC market in 2022, owing to a deeper penetration rate in Saudi Arabia, which is also the GCC's largest market for overall leak detection systems.

GCC Oil & Gas Pipeline Leak Detection System Market - By Country

The GCC oil & gas pipeline leak detection system market covers Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, and Oman. In the GCC, Saudi Arabia accounts the highest share of the market. This is due to Saudi Arabia's involvement in the market for oil and gas pipeline leak detection, which has a developed economy. There are significant market players in the nation. As a result, it is expected that over the next years, Saudi Arabia will continue to be one of the lucrative regions in terms of growth and market share.

Competitive Landscape

GCC oil & gas pipeline leak detection system market is fiercely competitive, with major players including Teledyne FLIR LLC, ABB, Honeywell International Inc., Siemens Energy, ClampOn AS, Schneider Electric, Xylem, Emerson Electric Co., KROHNE Messtechnik GmbH, TTK - Leak Detection System, Atmos International Ltd., EFA Technologies, Inc., OptaSense Ltd., Pipeline Technologies & Services LLC (PipeTech), Pure Technologies Ltd., and PSI AG. The key strategies used by these market leaders are new product launches, mergers & acquisitions, and alliances. To grow their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.

Scope of the Report

Attributes	Details
Years Considered	Historical Data – 2019–2022
	Base Year – 2022
	Estimated Year – 2023
	Forecast Period – 2023–2029
Facts Covered	Revenue in USD Million
Market Coverage	Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, Oman
Product/ Service Segmentation	Location, Technology, Region
Key Players	Teledyne FLIR LLC, ABB Ltd., Cisco Systems Inc., Honeywell International Inc., Hubbell Inc., Emerson Electric Co., Johnson Controls International plc, Robert Bosch GmbH, Schneider Electric, United Technologies Corp., Siemens AG

By Location

Onshore
Offshore

By Technology

Acoustic Sensors
Flowmeters
Cable Sensors
Vapor Sensors
Others

By Country

Saudi Arabia
UAE
Qatar
Bahrain
Kuwait
Oman

Research Framework
1. Research Objective
2. Product Overview
3. Market Segmentation
Executive Summary
GCC Oil & Gas Pipeline Leak Detection System Market Insights
1. Industry Value Chain Analysis
2. DROC Analysis
  1. Growth Drivers
    1. Increasing Investment in Expansion and Development of Oil & Gas Fields
    2. Expansion of Oil & Gas Pipeline Infrastructure
    3. Growing Emphasis on Pipeline Safety
  2. Restraints
    1. High Cost of Oil & Gas Leak Detection Systems
    2. Leak detection systems can generate false alarms, which can be costly and time-consuming to investigate
  3. Opportunities
    1. Increasing demand for natural gas
    2. Adoption of IoT and AI technologies
    3. The increasing demand for oil and gas in emerging economies
  4. Challenges
    1. Lack of standardization
    2. Leak detection systems generate large amounts of data, which can be difficult to manage and analyse
    3. Environmental concerns
3. Technology Advancements/Recent Developments
4. Regulatory Framework
5. Porter’s Five Forces Analysis
  1. Bargaining Power of Suppliers
  2. Bargaining Power of Buyers
  3. Threat of New Entrants
  4. Threat of Substitutes
  5. Intensity of Rivalry
GCC Oil & Gas Pipeline Leak Detection System Market Overview
1. Market Size & Forecast by Value, 2019–2029
  1. By Value (USD Billion)
2. Market Share & Forecast
  1. By Location
    1. Onshore
    2. Offshore
  2. By Technology
    1. Acoustic Sensors
    2. Flowmeters
    3. Cable Sensors
    4. Vapor Sensors
    5. Others
  3. By Country
    1. Saudi Arabia
    2. UAE
    3. Qatar
    4. Bahrain
    5. Kuwait
    6. Oman
Saudi Arabia Oil & Gas Pipeline Leak Detection System Market Overview
1. Market Size & Forecast by Value, 2019–2029
  1. By Value (USD Billion)
2. Market Share & Forecast
  1. By Location
  2. By Technology
UAE Oil & Gas Pipeline Leak Detection System Market Overview
1. Market Size & Forecast by Value, 2019–2029
  1. By Value (USD Billion)
2. Market Share & Forecast
  1. By Location
  2. By Technology
Qatar Oil & Gas Pipeline Leak Detection System Market Overview
1. Market Size & Forecast by Value, 2019–2029
  1. By Value (USD Billion)
2. Market Share & Forecast
  1. By Location
  2. By Technology
Bahrain Oil & Gas Pipeline Leak Detection System Market Overview
1. Market Size & Forecast by Value, 2019–2029
  1. By Value (USD Billion)
2. Market Share & Forecast
  1. By Location
  2. By Technology
Kuwait Oil & Gas Pipeline Leak Detection System Market Overview
1. Market Size & Forecast by Value, 2019–2029
  1. By Value (USD Billion)
2. Market Share & Forecast
  1. By Location
  2. By Technology
Onam Oil & Gas Pipeline Leak Detection System Market Overview
1. Market Size & Forecast by Value, 2019–2029
  1. By Value (USD Billion)
2. Market Share & Forecast
  1. By Location
  2. By Technology
Rest of GCC Oil & Gas Pipeline Leak Detection System Market Overview
1. Market Size & Forecast by Value, 2019–2029
  1. By Value (USD Billion)
2. Market Share & Forecast
  1. By Location
  2. By Technology
Competitive Landscape
1. List of Key Players and Their Offerings
2. Market Share Analysis, 2022
3. Competitive Benchmarking, By Operating Parameters
4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
Impact of Covid-19 on GCC Oil & Gas Pipeline Leak Detection System Market
Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
1. Teledyne FLIR LLC
2. ABB
3. Honeywell International Inc.
4. Siemens Energy
5. ClampOn AS
6. Schneider Electric
7. Xylem
8. Emerson Electric Co.
9. KROHNE Messtechnik GmbH
10. TTK - Leak Detection System
11. Atmos International Ltd.
12. EFA Technologies, Inc.
13. OptaSense Ltd.
14. Pipeline Technologies & Services LLC (PipeTech)
15. Pure Technologies Ltd.
16. PSI AG
17. Other Prominent Players
Key Strategic Recommendations
Research Methodology
1. Qualitative Research
  1. Primary & Secondary Research
2. Quantitative Research
3. Market Breakdown & Data Triangulation
  1. Secondary Research
  2. Primary Research
4. Breakdown of Primary Research Respondents, By Region
5. Assumption & Limitation

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List of Figures

Figure 1 GCC Oil & Gas Pipeline Leak Detection System Market Segmentation

Figure 2 GCC Oil & Gas Pipeline Leak Detection System Market Value Chain Analysis

Figure 3 Company Market Share Analysis, 2022

Figure 4 GCC Oil & Gas Pipeline Leak Detection System Market Size, By Value (USD Billion), 2019–2029

Figure 5 GCC Oil & Gas Pipeline Leak Detection System Market Share, By Location, By Value, 2019–2029

Figure 6 GCC Oil & Gas Pipeline Leak Detection System Market Share, By Technology, By Value, 2019–2029

Figure 7 GCC Oil & Gas Pipeline Leak Detection System Market Share, By Country, By Value, 2019–2029

Figure 8 Saudi Arabia Oil & Gas Pipeline Leak Detection System Market Size, By Value (USD Billion), 2019–2029

Figure 9 Saudi Arabia Oil & Gas Pipeline Leak Detection System Market Share, By Location, By Value, 2019–2029

Figure 10 Saudi Arabia Oil & Gas Pipeline Leak Detection System Market Share, By Technology, By Value, 2019–2029

Figure 11 UAE Oil & Gas Pipeline Leak Detection System Market Size, By Value (USD Billion), 2019–2029

Figure 12 UAE Oil & Gas Pipeline Leak Detection System Market Share, By Location, By Value, 2019–2029

Figure 13 UAE Oil & Gas Pipeline Leak Detection System Market Share, By Technology, By Value, 2019–2029

Figure 14 Qatar Oil & Gas Pipeline Leak Detection System Market Size, By Value (USD Billion), 2019–2029

Figure 15 Qatar Oil & Gas Pipeline Leak Detection System Market Share, By Location, By Value, 2019–2029

Figure 16 Qatar Oil & Gas Pipeline Leak Detection System Market Share, By Technology, By Value, 2019–2029

Figure 17 Bahrain Oil & Gas Pipeline Leak Detection System Market Size, By Value (USD Billion), 2019–2029

Figure 18 Bahrain Oil & Gas Pipeline Leak Detection System Market Share, By Location, By Value, 2019–2029

Figure 19 Bahrain Oil & Gas Pipeline Leak Detection System Market Share, By Technology, By Value, 2019–2029

Figure 20 Kuwait Oil & Gas Pipeline Leak Detection System Market Size, By Value (USD Billion), 2019–2029

Figure 21 Kuwait Oil & Gas Pipeline Leak Detection System Market Share, By Location, By Value, 2019–2029

Figure 22 Kuwait Oil & Gas Pipeline Leak Detection System Market Share, By Technology, By Value, 2019–2029

Figure 23 Onam Oil & Gas Pipeline Leak Detection System Market Size, By Value (USD Billion), 2019–2029

Figure 24 Onam Oil & Gas Pipeline Leak Detection System Market Share, By Location, By Value, 2019–2029

Figure 25 Onam Oil & Gas Pipeline Leak Detection System Market Share, By Technology, By Value, 2019–2029

Figure 26 Rest of GCC Oil & Gas Pipeline Leak Detection System Market Size, By Value (USD Billion), 2019−2029

Figure 27 Rest of GCC Oil & Gas Pipeline Leak Detection System Market Share, By Location, By Value, 2019−2029

Figure 28 Rest of GCC Oil & Gas Pipeline Leak Detection System Market Share, By Technology, By Value, 2019−2029

List of Tables

Table 1 GCC Oil & Gas Pipeline Leak Detection System Market Size, By Location, By Value, 2019–2029

Table 2 GCC Oil & Gas Pipeline Leak Detection System Market Size, By Technology, By Value, 2019–2029

Table 3 GCC Oil & Gas Pipeline Leak Detection System Market Size, By Country, By Value, 2019–2029

Table 4 Saudi Arabia Oil & Gas Pipeline Leak Detection System Market Size, By Location, By Value, 2019–2029

Table 5 Saudi Arabia Oil & Gas Pipeline Leak Detection System Market Size, By Technology, By Value, 2019–2029

Table 6 UAE Oil & Gas Pipeline Leak Detection System Market Size, By Location, By Value, 2019–2029

Table 7 UAE Oil & Gas Pipeline Leak Detection System Market Size, By Technology, By Value, 2019–2029

Table 8 Qatar Oil & Gas Pipeline Leak Detection System Market Size, By Location, By Value, 2019–2029

Table 9 Qatar Oil & Gas Pipeline Leak Detection System Market Size, By Technology, By Value, 2019–2029

Table 10 Bahrain Oil & Gas Pipeline Leak Detection System Market Size, By Location, By Value, 2019–2029

Table 11 Bahrain Oil & Gas Pipeline Leak Detection System Market Size, By Technology, By Value, 2019–2029

Table 12 Kuwait Oil & Gas Pipeline Leak Detection System Market Size, By Location, By Value, 2019–2029

Table 13 Kuwait Oil & Gas Pipeline Leak Detection System Market Size, By Technology, By Value, 2019–2029

Table 14 Onam Oil & Gas Pipeline Leak Detection System Market Size, By Location, By Value, 2019–2029

Table 15 Onam Oil & Gas Pipeline Leak Detection System Market Size, By Technology, By Value, 2019–2029

Table 16 Rest of GCC Oil & Gas Pipeline Leak Detection System Market Size, By Location, By Value, 2019−2029

Table 17 Rest of GCC Oil & Gas Pipeline Leak Detection System Market Size, By Technology, By Value, 2019−2029

Table 18 Teledyne FLIR LLC Company Overview

Table 19 Teledyne FLIR LLC Financial Overview

Table 20 ABB Company Overview

Table 21 ABB Financial Overview

Table 22 Honeywell International Inc. Company Overview

Table 23 Honeywell International Inc. Financial Overview

Table 24 Siemens Energy Company Overview

Table 25 Siemens Energy Financial Overview

Table 26 ClampOn AS Company Overview

Table 27 ClampOn AS Financial Overview

Table 28 Schneider Electric Company Overview

Table 29 Schneider Electric Financial Overview

Table 30 Xylem Company Overview

Table 31 Xylem Financial Overview

Table 32 Emerson Electric Co. Company Overview

Table 33 Emerson Electric Co. Financial Overview

Table 34 KROHNE Messtechnik GmbH Company Overview

Table 35 KROHNE Messtechnik GmbH Financial Overview

Table 36 TTK - Leak Detection System Company Overview

Table 37 TTK - Leak Detection System Financial Overview

Table 38 Atmos International Ltd. Company Overview

Table 39 Atmos International Ltd. Financial Overview

Table 40 EFA Technologies, Inc. Company Overview

Table 41 EFA Technologies, Inc. Financial Overview

Table 42 OptaSense Ltd. Company Overview

Table 43 OptaSense Ltd. Financial Overview

Table 42 Pipeline Technologies & Services LLC (PipeTech) Company Overview

Table 43 Pipeline Technologies & Services LLC (PipeTech) Financial Overview

Table 44 Pure Technologies Ltd. Company Overview

Table 45 Pure Technologies Ltd. Financial Overview

Table 46 PSI AG Company Overview

Table 47 PSI AG Financial Overview

Market Segmentation

By Location

Onshore
Offshore

By Technology

Acoustic Sensors
Flowmeters
Cable Sensors
Vapor Sensors
Others

By Country

Saudi Arabia
UAE
Qatar
Bahrain
Kuwait
Oman

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Frequently Asked Questions (FAQs):

1. Which country segment is the dominant one in GCC Oil & Gas Pipeline Leak Detection System Market?

Ans: Saudi Arabia segment holds the highest market share in the GCC Oil & Gas Pipeline Leak Detection System Market.

2. Which is the dominant segment in the GCC Oil & Gas Pipeline Leak Detection System Market by location?

Ans: The offshore segment accounts for a higher market share in the GCC Oil & Gas Pipeline Leak Detection System Market by location.

3. What is expected growth rate of GCC Oil & Gas Pipeline Leak Detection System Market?

Ans: GCC Oil & Gas Pipeline Leak Detection System Market size is projected to grow at a CAGR of 6.79% during the forecast period between 2023 and 2029.

4. What are the major factors driving the growth of the GCC Oil & Gas Pipeline Leak Detection System Market?

Ans: Major factors driving the growth of the GCC Oil & Gas Pipeline Leak Detection System Market include increased emphasis on pipeline safety, expanding oil and gas pipeline infrastructure, rising natural gas consumption, adoption of IoT and AI technology, and rising oil and gas demand in emerging nations.

5. Name the key players in GCC Oil & Gas Pipeline Leak Detection System Market.

Ans: Key players in GCC Oil & Gas Pipeline Leak Detection System Market include Teledyne FLIR LLC, ABB Ltd., Cisco Systems Inc., Honeywell International Inc., Hubbell Inc., Emerson Electric Co., Johnson Controls International plc, Robert Bosch GmbH, Schneider Electric, United Technologies Corp., and Siemens AG.

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