Leak detection system for oil & gas helps in detecting the leakages during the process of oil & gas exploration & production, supply and distribution, and refining. The main purpose of the leak detection system is to assist pipeline monitors & controllers in detecting and localizing leaks. Leak detection system provide an alarm and display other related information of the leakage on the system in order to help the pipeline monitors in decision making. Leak detection systems are beneficial because they can enhance productivity and reliability which reduce the downtime and inspection time of the pipeline monitors. Leak detection system for oil & gas is used in three different stages such as upstream, midstream, and downstream. Increasing oil & gas exploration & production, distribution and supply activities are driving the market for leak detection system.
Leak detection system has been divided based on six different technologies such as acoustic/pressure analysis, enhanced real-time transient model, fiber-optic, mass/volume balance, vapor sensing tubes, and other technologies include infrared radiometer and thermal cameras. The acoustic technology and enhanced real-time transient model technology are widely used compared to the other leak detection technologies. These leak detection systems has their applications in all three stages such as upstream, midstream, and downstream.
Leak Detection Market for Oil & Gas
The main advantage of enhanced real-time transient model over the other methods is the ability to model all the dynamic fluid characteristics such as flow, pressure and temperature, and also take into account the configuration of physical pipeline characteristics such as length, diameter, and thickness, and so on, and product characteristics such as density, viscosity, and so on. In the near future , the increasing need for accurate and reliable technologies, rising R&D spending, overall increasing of oil & gas spending by developing economies, and increasing oil & gas exploration and production activities are the factors expected to drive the demand for leak detection system, thereby creating a market opportunity for the leak detection system.
The leak detection market for oil & gas was dominated by North America due to the shale revolution which stimulated the tremendous production of oil & natural gas in the U.S. and Canada. Some of the high significant shale resources in North America include the Bakken, Eagle Ford, Marcellus, Fayetteville, Woodford, Niobrara, Haynesville, Horn River, and Utica formations. The oil & gas companies are more concerned about the leak detection due to the stringent government regulations for the safety of environment and to reduce the accidents caused due to leakages which in turn reduces the loss of revenue to the companies. The major oil & gas companies are focusing on developing economies such as China and India where the investments are increasing for oil & gas industry due to the increase in fuel consumption. Leak detection system providers for oil & gas are focusing on tapping this business opportunity, to remain competitive in the market.
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