Leak detection market is anticipated to grow at a CAGR of 6.2% during the forecast period (2023-2030). The market’s growth is attributed to the mobile accessibility across the globe. The drive toward mobile-friendly leak detection solutions addresses the demand for mobile access to essential network data. This development corresponds to the growing reliance on mobile devices for commercial activities. For instance, in May 2022, Ovarro launched tablet-based leak detection. The company’s new solution, Eureka5, allows users to access network information on tablets and smartphones.
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Among the technology, the acoustic/ ultrasonic sub-segment is expected to hold a considerable share of the global Leak Detection Market. The segmental growth is attributed to the risk mitigation in industrial settings. Ultrasonic gas leak detectors, such as the Polytron 8900, serve as early warning systems, assisting in the timely identification of leaks in industrial process environments to avoid potential accidents or environmental dangers. For instance, in February 2022, HomeNewsDräger released the Polytron 8900 ultrasonic gas leak detector transmitter is an early warning area monitor for detecting high-pressure gas leaks in outdoor industrial process environments. Polytron 8900 UGLD is designed for use in Class I Div I hazardous areas and certified as SIL 2 by TÜV.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Leak Detection Market by Product
- Dietary Supplements
- Handheld Gas Detectors
- UAV-Based Detectors
- Vehicle-Based Detectors
- Manned Aircraft Detectors
Global Leak Detection Market by Technology
- Acoustic/ Ultrasonic
- Pressure Analysis
- Thermal Imaging
- Fiber-Optic Sensing
- Laser Absorption and LiDAR
- Vapor Sensing
- E-RTTM
- Others (Mass Spectrometry and Ultrasonic Testing)
Global Leak Detection Market by End-User
- Oil and Gas Industry
- Chemical Industry
- Water and Wastewater Management
- Power Generation and Utilities
- Others (HVAC & Refrigeration, and Petrochemical Industry)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Badger Meter, Inc.
- Bridger Photonics, Inc.
- ClampOn
- Emerson Electric Co.,
- Honeywell International Inc.
- KROHNE Messtechnik GmbH
- Luna Innovations Inc.
- Olympus Group
- Parker-Hannifin Corp.
- Perma-Pipe International Holdings Inc.
- PSI Software SE,
- Schneider Electric
- Siemens AG
- Teledyne FLIR LLC
- Veeder-Root
- Xylem
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global leak detection market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies. Competitive strategies by identifying ‘who-stands-where’ in the market.
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