Report Overview

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 - 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

         By Location

• Onshore

• Offshore

By Technology

• Acoustic Sensors

• Flowmeters

• Cable Sensors

• Vapor Sensors

• Others

By Country

• Saudi Arabia

• UAE

• Qatar

• Bahrain

• Kuwait

• Oman

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. 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
4. 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
5. 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
6. 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
7. 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
8. 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
9. 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
10. 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
11. 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
12. 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.)
13. Impact of Covid-19 on GCC Oil & Gas Pipeline Leak Detection System Market
14. 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
15. Key Strategic Recommendations
16. 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