The global leak detection and repair market was US$ 19.1 billion in 2021. The global leak detection and repair market is forecast to grow to US$ 29.9 billion by 2030 by growing at a compound annual growth rate (CAGR) of 5.1% during the forecast period from 2022 to 2030. 

Factors Influencing the Market

The oil and gas industry primarily employs gas leak detection systems to detect leaks on drilling platforms, pipelines, trailers, and tanker vessels. Thus, the wide applications of leak detection and repair systems are forecast to fuel the growth of the market. 

Many countries are focusing on expanding oil and gas pipeline networks, which will surge the demand for leak detection technology. Moreover, it is the most cost-effective mode of transportation, which will contribute to the growth of the global leak detection and repair market. 

Growing concerns over the emission of harmful greenhouse gases like methane and stringent government rules will propel the leak detection and repair market forward. Furthermore, the surging demand for UAV-based detectors in order to navigate dangerous areas will drive the market forward.

COVID-19 Impact Analysis

The COVID-19 pandemic negatively affected the global leak detection and repair market. It is due to the slowdown in supply chains and disruptions in manufacturing processes globally.

Regional Analysis

North America is forecast to hold the highest market share in the leak detection and repair market. It is owing to the stringent government regulations and norms in the region. The United States' pipeline leak detection regulation necessitates the installation of a leak detection system on hazardous liquid pipelines. As the oil and gas industry expands, the demand for leak detection and repair systems will also surge in the United States. 

Over the forecast period, the Asia Pacific regional market is expected to grow significantly. The rising demand for oil and oil products in Asia-Pacific countries will propel the leak detection and repair market forward. Furthermore, the growing production of natural gas and stringent government regulations in the region will contribute to the growth of the market. 

Competitors in the Market

• Aeris Technologies, Inc.
• IBM Thomas J. Watson Research Center
• Bridger Photonics, Inc.
• LI-COR, Inc.
• Duke University
• Colorado State University
• Palo Alto Research Center
• Maxion Technologies, Inc.
• Rebellion Photonics
• Physical Sciences, Inc.
• Avitas Systems
• PrecisionHawk
• SeekOps, Inc.
• Advisian
• Ball Aerospace & Technologies Corp.
• Gas Ops Leak Detectives, LLC (G.O.L.D. LLC).
• Guideware Systems, LLC.
• Summit Inspections Services, Inc.
• GHD, Inc.
• ERM Group, Inc.
• AECOM
• Guardian Compliance
• ABB Ltd.
• Chicago Bridge & Iron Company N.V.
• Heath Consultants
• ENCOS, Inc.
• Team Inc.
• VelocityEHS
• Picarro Inc.
• Microdrones GmbH
• Boreal Laser Inc.
• Kairos Aerospace
• Other Prominent Players

Market Segmentation

The global leak detection and repair market segmentation focuses on Components, Product, Technology, and Region. 

Component Outlook 

• Equipment
• Services

Product Outlook

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

Technology Outlook

• Volatile Organic Compounds (VOC) Analyzer
• Optical Gas Imaging (OGI)
• Laser Absorption Spectroscopy
• Ambient/Mobile Leak Monitoring
• Acoustic Leak Detection
• Audio-Visual-Olfactory Inspection

By Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America