Leak Detection and Repair Market to reach a market size of $26.5 billion by 2025 - KBV Research

NEW YORK - May 5, 2020 - PRLog -- According to a new report Global Leak Detection and Repair (LDAR) Market, published by KBV research, The Global Leak Detection and Repair (LDAR) Market size is expected to reach $26.5 billion by 2025, rising at a market growth of 6.6% CAGR during the forecast period. The enforcement of strict government policies, together with raising awareness on the negative effects of greenhouse gas pollution, remains a key driver of market expansion. High precision, alongside low-cost operation, remains the main driver behind market inflation. However, the corona pandemic is estimated to be one of the declining factor for the market growth during following years.

Handheld gas detectors are projected to attain a dominant market share over the years to come. Handheld gas detectors are low cost and portable. It is used to detect gases such as methanol, ammonia, and carbon dioxide. The UAV-based detector is also expected to witness a rapid market growth during the forecast period. UAV-based detector helps operators to monitor laser sensor detection from an aerial point of view. Advancements in sensors and image processing would increase the market demand for UAV-based detectors.

Global Leak Detection and Repair (LDAR) Market Segmentation

By Product

• Handheld Gas Detectors
• Vehicle-Based Detectors
• UAV Based Detectors
• Manned Aircraft Detectors

By Technology

• VOC Analyzer
• Optical Gas Imaging
• Acoustic Leak Detector
• Ambient/Mobile Leak Monitoring
• Laser Absorption Spectroscopy
• Others

By Geography

North America

• US
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific

LAMEA

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Companies Profiled

• IBM Corporation (IBM Thomas J. Watson Research Center)
• Baker Huges Company (Avitas Systems)
• WorleyParsons Limited (Advisian)
• Ball Corporation (Ball Aerospace & Technologies Corporation)
• Team, Inc.
• Aeris Environmental Ltd. (Aeris Technologies, Inc.)
• ABB Group
• Kairos Aerospace, Inc.
• Picarro, Inc.
• ENCOS, Inc.

Structural Insights: https://www.kbvresearch.com/leak-detection-and-repair-market/