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Leak Detection Market Share

Report ID: GMI7101
Published Date: Oct 2023
Report Format: PDF

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Leak Detection Market Share

Players operating in the market focus on implementing different growth strategies to strengthen their offerings and expand their market reach. These strategies involve new product developments & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. These players also heavily invest in research & development to introduce innovative and technologically advanced solutions in the market. Some of the major players operating in the leak detection industry are mentioned below:

ABB Ltd.
Emerson Electric Co.
Honeywell International Inc.
Krohne Messtechnik GmbH
Schneider Electric SE
Siemens Energy Global GmbH & Co. KG
Yokogawa Electric Corporation

Authors: Suraj Gujar , Sandeep Ugale

Frequently Asked Questions (FAQ) :

Market size for leak detection was more than USD 4 billion in 2022 and is set to expand at over 5% CAGR from 2023 to 2032 owing to the increasing availability of IoT-driven leak detection systems to offer cost-effective, scalable, and automated solutions.

UAV-based leak detection market is projected to witness over 6% CAGR from 2023-2032 owing to their remarkable efficiency and speed in detecting leaks in critical infrastructure, such as pipelines or oil & gas facilities.

Asia Pacific held more than 25% revenue share of the leak detection industry in 2022 and is anticipated to witness robust growth through 2032 attributed to the growing industrialization and urbanization.

Some of the major companies operating in the leak detection industry are ABB Ltd., Emerson Electric Co., Honeywell International Inc., Krohne Messtechnik GmbH, Schneider Electric SE, Siemens Energy Global GmbH & Co. KG, and Yokogawa Electric Corporation.