New ARC Advisory Group research on the leak detection systems market reveals that it is likely that potential customers will react favorably to enhancements that improve leak detection systems (LDS) sensitivity, reliability, accuracy, robustness, operating range, and user friendliness. Suppliers may want to consider leveraging Industrial IoT technologies, where appropriate, to harness device and application connectivity to extend the reach of their respective LDS solutions to cover an even broader variety of distributed and disparate upstream and midstream assets.
“The upstream and midstream oil & gas industry comprises many disparate and distributed assets that form one critical part of the entire oil & gas value chain, which runs from the wellhead to the gasoline pump or the gas heater. Industrial IoT offers significant potential value in leak detection applications – particularly along remote pipelines – and is likely to play an increasingly important role in these applications going forward,” according to Jyoti Prakash, Analyst at ARC Advisory Group and key author of ARC’s Leak Detection Systems Global Market Research 2018-2023 report.
About the Leak Detection Systems Research
This ARC research explores current and historical market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the leak detection systems market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modeling techniques. The research includes competitive analysis, plus five-year market forecasts by industry sector, project location, application/technology type, revenue category, sales channels, and customers.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) – personalized spreadsheet includes two years of historical data in addition to the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.