Report Overview

Saudi Arabia Oil and Gas Leak Detection Market - Industry Trends & Forecast Report, 2029

Saudi Arabia oil and gas leak detection market size is projected to grow during the forecast period between 2023 and 2029. Major growth drivers for Saudi Arabia oil and gas leak detection market include increasing incidents of leakage in oil & gas pipelines, government rules governing pipeline safety and leak detection and construction of new channels. With rising energy consumption and increased import and export of oil and gas across Saudi Arabia, the oil and gas leak detection market is booming. The government regulations controlling pipeline safety and leak detection are a major driving force in the oil and gas leak detection market. Saudi Arabia is witnessing massive investments in the oil and gas sector in order to fulfill rising domestic energy demand. Several pipeline building 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 skyrocketed. The Saudi Arabia oil and gas pipeline leak detection system market is expected to rise due to increased awareness of pipeline safety and environmental concerns, as well as the ability to lower operators' cleanup costs. Hence, all these factors are expected to boost the expansion of Saudi Arabia oil and gas leak detection market during the forecast period.

Saudi Arabia Oil and Gas Leak Detection Market – Overview

Leaks of combustible and poisonous gases and oil pose a risk to life and property. It is critical to detect poisonous and flammable gases in industrial plants as soon as possible. Gas detectors assess the concentration of various life-threatening gases in the air and serve as an early warning system to ensure the safety of the surrounding region. It can also be linked to a control system to shut down the operation automatically in the event of a gas leak. These gas detectors can monitor and measure the concentrations of single or mixed gases. The gas detector can be wireless (portable) or stationary. Portable or handheld gas detectors are often worn by humans and alert them when a gas concentration exceeds the limit. Ultrasonic waves, infrared rays, and electrochemical gases are among the sensors used. They are used in factories, refineries, cars, and home activities.

Saudi Arabia Oil and Gas Leak Detection Market

Growth Drivers

Stringent rules governing pipeline safety and leak detection

Carbon capture and storage (CCS) has emerged as a promising technology for reducing CO2 emissions and reaching international climate targets in the recent years. Geological formations off the continental shelf could be utilized as storage areas. To limit the possibility of CO2 leakage, there are criteria for selecting CO2 storage sites. The requirement for dependable and cost-effective leakage monitoring solutions for offshore CCS activities has prompted a number of government and industry-funded research projects. Two recent advances are ECO2 and QICS. The ECO2 project established a framework for the most environmentally responsible CO2 injection and storage methods. The QICS controlled CO2 release experiment used a large-scale experiment to discover and document potential environmental ramifications of CO2 leakage, as well as to evaluate the detectability of such leaks.

Restraints

High cost of oil and gas pipeline leak detection technology

The high cost and complexity associated with installing oil and gas pipeline leak detection systems may limit the growth of Saudi Arabia oil and gas leak detection market during the period in analysis.

Impact of COVID-19 on Saudi Arabia Oil and Gas Leak Detection Market

COVID-19 had a detrimental effect on all industries, including oil and gas. The pandemic has caused global health issues that have harmed the economies of both developed and emerging markets. As a result, liquidity constraints, cash crunches, shifting client demand, and other issues are limiting the growth of many sectors during the Covid-19 pandemic. Saudi Arabia oil and gas leak detection market was impacted since many significant firms in the sector were forced to temporarily close in order to protect the health of their staff. Furthermore, on the supply chain side, the lack of raw materials for component manufacturing due to complete lockdown is a big barrier on market expansion. Manufacturing enterprises were unable to deliver items to the market due to delays in the delivery of raw materials and components.

Saudi Arabia Oil and Gas Leak Detection Market

Segmental Coverage

Saudi Arabia Oil and Gas Leak Detection Market – By Location

By location, Saudi Arabia oil and gas leak detection market is bifurcated into Onshore and Offshore segments. The onshore segment is expected to hold a higher market share due to vast pipeline network on land.

Saudi Arabia Oil and Gas Leak Detection Market – By Technology

Based on technology, Saudi Arabia oil and gas leak detection market is divided into Acoustic Sensors, Flow meters, Cable Sensors, and Vapor Sensors segments. The acoustic sensor technology segment has the highest market share. It is one of the most significant components of lead detection because it detects the noise produced by the leak. Other sensors, such as cable sensors and vapor sensors, have a significant market share due to the increasing integration of new technologies such as the Internet of Things (IoT).

Competitive Landscape

Major players operating in Saudi Arabia oil and gas leak detection market include Teledyne FLIR LLC, ABB, Honeywell International Inc., Siemens Energy, ClampOn AS, Schneider Electric, Xylem, Emerson Electric Co., KROHNE Messtechnik GmbH, and TTK - Leak Detection System. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

By Location

• Onshore

• Offshore

By Technology

• Acoustic Sensors

• Flow meters

• Cable Sensors

• Vapor Sensors

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Saudi Arabia Oil & Gas Leak Detection Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Increasing Incidents of Leakage in Oil & Gas Pipelines
         2. Government Rules Governing Pipeline Safety and Leak Detection
         3. Construction of New Channels
      2. Restraints
         1. High Cost of Oil and Gas Pipeline Leak Detection Technology
      3. Opportunities
         1. Increasing Launches of Advanced Detection Technologies
         2. Rising Partnerships of Industry Players
      4. Challenges
         1. Complications Associated with The Installation of Oil and Gas Pipeline Leak Detection Technology
   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. Saudi Arabia Oil & Gas Leak Detection Market Overview
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   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
5. Competitive Landscape
   1. List of Key Players and Their Range
   2. Saudi Arabia Oil & Gas Leak Detection Company Market Share Analysis, 2022
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Development (Merger, Acquisition, Partnership)
6. Impact of Covid-19 on Saudi Arabia Oil & Gas Leak Detection Market Industry
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
   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. Other Prominent Players
8. Key Strategic Recommendations
9. 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
   5. Assumption & Limitation

*Financial information of case of non-listed companies can be provided as per availability.

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

List of Figures                                                                                                                    

Figure 1        Saudi Arabia Oil & Gas Leak Detection Market Segmentation               

Figure 2        Saudi Arabia Oil & Gas Leak Detection Market Value Chain Analysis               

Figure 3        Company Market Share Analysis, 2022               

Figure 4        Saudi Arabia Oil & Gas Leak Detection Market Size, By Value (USD Million), 2019–2029               

Figure 5        Saudi Arabia Oil & Gas Leak Detection Market Share, By Location, By Value, 2019–2029                  

Figure 6        Saudi Arabia Oil & Gas Leak Detection Market Share, By Technology, By Value, 2019–2029                  

List of Tables                                                                                                                      

Table 1         Saudi Arabia Oil & Gas Leak Detection Market Size, By Location, By Value, 2019–2029

Table 2         Saudi Arabia Oil & Gas Leak Detection Market Size, By Technology, By Value, 2019–2029

Table 3         Teledyne FLIR LLC Company Overview

Table 4         Teledyne FLIR LLC Financial Overview

Table 5         ABB Company Overview

Table 6         ABB Financial Overview

Table 7         Honeywell International Inc. Company Overview

Table 8         Honeywell International Inc. Financial Overview

Table 9         Siemens Energy Company Overview

Table 10        Siemens Energy Financial Overview

Table 11        ClampOn AS Company Overview

Table 12        ClampOn AS Financial Overview

Table 13        Schneider Electric Company Overview

Table 14        Schneider Electric Financial Overview

Table 15        Xylem Company Overview

Table 16        Xylem Financial Overview

Table 17        Emerson Electric Co. Company Overview

Table 18        Emerson Electric Co. Financial Overview

Table 19        KROHNE Messtechnik GmbH Company Overview

Table 20        KROHNE Messtechnik GmbH Financial Overview

Table 21        TTK - Leak Detection System Company Overview

Table 22        TTK - Leak Detection System Financial Overview