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Leak Detection and Repair (LDAR) Market

Leak Detection and Repair (LDAR) Market: Information by Product (Handheld Gas Detection, UAV-based Detection), Technology (Volatile Organic Compounds Analyzer), and Regions—Forecast till 2030

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Market Snapshot

market snapshot
Base Year:
2021
Study Period:
2020-2030
CAGR:
4.2 %
Fastest Growing Market:
Europe 
Largest Market:
North America

The global leak detection and repair (LDAR) market size was valued at USD 18.7 Billion in 2021. It is projected to reach USD 27.8 Billion by 2030, growing at a CAGR of 4.2% during the forecast period (2022-2030). The leak detection and repair (LDAR) is a system for repairing leaking components such as pumps, connectors, valves, agitators, and compressors to reduce hazardous air pollutants (HAPs) and volatile organic compounds (VOCs) emissions. By lowering the danger of accidents brought on by explosions and fire outbreaks, LDAR systems also assist the oil, gas, and petroleum industries create healthier workplaces. Global infrastructure improvements for natural gas and petroleum are anticipated to fuel industry expansion.

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Market Dynamics

Leak Detection and Repair (LDAR) Market Drivers

  • Continued Rollout of Oil and Gas Pipeline Infrastructure

For locating breaches on drilling platforms (upstream), trailers and tanker vessels (midstream), pipelines, and refining and storage facilities (downstream), gas leak detection systems are primarily employed in the oil and gas sector. Highly combustible oil and gas products require quick detection, monitoring, and leak repair. Oil and gas pipeline networks are being expanded in many nations because they are considered the safest and most economical form of transportation. In order to move hydrocarbons more quickly, several cross-country oil and gas pipelines are being built; these pipelines are anticipated to fuel the demand for lead detection and repair systems.

High-temperature, high-pressure, and corrosion conditions can all lead to leaks. The main contributors to pipeline/tanker vessel corrosion are oxygen, water, carbon dioxide, and hydrogen sulfide in crude oil and natural gas. Both internal and exterior corrosion is possible. Natural gas and crude oil ingredients contribute to internal corrosion, whereas temperature changes and precipitation are the leading causes of external corrosion. Businesses are concentrating on strengthening their maintenance and safety procedures to lessen and eliminate the risk of emissions.

Leak Detection and Repair (LDAR) Market Restraint

  • Challenges Involved in Leak Detection in Harsh Environments

Remote geographic areas like the Gulf of Mexico, North Sea, Persian Gulf, Alaska, and the Western Siberia Basin are home to oil and gas extraction platforms. Setting up gas leak detection and monitoring systems is a significant task due to these areas' diverse geography and climate. Leak detection and monitoring systems are becoming increasingly necessary due to this. Furthermore, challenging and unpredictable weather conditions only increase the complexity. The process of detecting methane leaks from oil and gas extraction platforms and processing plants has been impeded by expensive systems and technological constraints. These issues have also constrained the efforts to implement a continuous monitoring system.

Leak Detection and Repair (LDAR) Market Opportunities

  • Growing Preference for Natural Gas-Fired Power Plants

One of the main factors influencing the need for natural gas-fired power generation is the rising energy demand brought on by the growing population. Natural gas is quickly taking over as one of the most preferred options because it is a cleaner fuel than other fuels used to produce electricity. The need for leak detection and repair systems is anticipated to be driven by the replacement of coal-based thermal power plants with natural gas-based power plants due to their higher efficiency and lower carbon dioxide emission.

Natural gas can be delivered through a pipeline and creates about half as much carbon dioxide per unit of energy as coal when used to generate electricity. It contains much methane, a significantly more potent greenhouse gas than carbon dioxide. As a result, an efficient gas leak detection and monitoring system is required to take advantage of the environmentally beneficial features of natural gas-based energy generation.

Segmental Analysis of the Global LDAR Market

The global leak detection and repair (LDAR) market is segmented by product and technology.

Based on The Product, the global leak detection and repair market is bifurcated into handheld gas detection, UAV-based detection, vehicle-based detection, and manned aircraft detection.

The handheld gas detection segment is the highest contributor to the market and is expected to grow at a CAGR of 4.8% during the forecast period. Due to its advantages, including quick and accurate detection, small and light designs, and simplicity of use, handheld gas detectors are becoming increasingly popular among oil and gas firms. Different gases, including methanol, carbon dioxide, ammonia, and methane, can be detected using these detectors. The need for handheld gas detectors in the oil and gas industry is rising due to rising natural gas output and rising commerce in oil and gas products.

Operated aircraft, UAV-based, vehicle-based, and handheld gas detectors make up the four product categories that make up the global market. Over the projected period, the UAV-based detectors category is anticipated to grow the fastest. One of the key benefits of these airborne solutions, which propels the market expansion, is the employment of UAV-based detectors to navigate hazardous zones. Additionally, oil and gas firms want UAV-based detectors due to increased safety and effectiveness. Gases like benzene, ethanol, heptane, octane, methane, and others are detected using UAV-based detectors.

Based on Technology, the global leak detection and repair market is bifurcated into volatile organic compounds (VOC) analyzer, optical gas imaging (OGI), laser absorption spectroscopy, ambient/mobile leak monitoring, acoustic leak detection, and audio-visual-olfactory inspection.

The volatile organic compounds (VOC) analyzer segment is the highest contributor to the market and is expected to grow at a CAGR of 4.9% during the forecast period. Different gases are categorized as VOCs, including propane, N-butane, N-pentane, and N-octane. Compared to the external environment, an indoor environment has a higher concentration of VOC. Agents used inside a structure, such as cleaning products, paints, glues, and printing tools, are the principal sources of VOC emissions. The primary function of volatile organic compound detectors is the quick and precise detection of VOCs.

The optical gas imaging (OGI) segment is anticipated to post the quickest CAGR over the forecast period. An optical gas imaging technique uses susceptible infrared cameras to find minute fugitive emissions produced by the oil and gas sectors. Optical gas imaging detectors are in high demand in industries like pulp and paper, petrochemical, natural gas processing plants, and power generation plants. These detectors allow users to identify invisible gases that escape more quickly into the environment and may be hazardous to both the environment and people.

Regional Analysis of the Global LDAR Market

The global leak detection and repair (LDAR) market is bifurcated into four regions, namely North America, Europe, Asia-Pacific, and LAMEA.

Leak Detection And Repair Market Regional Analysis

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North America is the most significant shareholder in the global leak detection and repair (LDAR) market and is expected to grow at a CAGR of 4.5% during the forecast period. The U.S. pipeline leak detection rule mandates the installation of a leak detection system on pipelines carrying hazardous liquids. The U.S. government's support for the oil and gas industry is another factor in the nation's industrial expansion. Due to the expanding oil and gas sector, leak detection and repair systems are needed in the United States. Due to the increased presence of strict government regulations and norms, the increase in the stringent government regulations to reduce methane emissions, and the rise in the demand for operational and safety efficiency among companies in this region, North America dominates the leak detection and repair market. Government support for the oil and gas sectors is another factor fueling the expansion of the regional industry.

Asia-Pacific is expected to grow at a CAGR of 4.3%, generating USD 1,816.08 million during the forecast period. The demand for LDAR among utility firms in the region is anticipated to rise in response to the rising demand for oil and oil-related products throughout Asia. The demand for leak detection and repair systems is also driven by the increasing natural gas output in nations like China. Leak detection and repair services are anticipated to expand the most in Asia-Pacific as a result of rising oil and gas production, an increasing number of oil and gas pipelines, and the rising global demand for natural gas. The Asia-Pacific region is already attracting investments from major corporations like Petronas and Oil and Natural Gas Corporation.

Europe is anticipated to grow significantly over the forecast period. The U.K. government declared it would spend approximately USD 105.7 million on cutting-edge green technologies. The government's Net Zero Innovation Portfolio, worth USD 1.17 billion, includes this investment. The government also introduced three brand-new, creative challenges in biomass production, energy storage technology, and floating offshore wind energy. This growing number of initiatives by the government is anticipated to drive market growth over the forecast period.

Additionally, the EPA has mandated leak detection and repair (LDAR) regulations due to the high levels of VOCs and VHAPs released by leaking valves, pumps, and connectors in sectors such as petroleum refining and chemical manufacturing. The Environmental Protection Agency (EPA) also established rules and enforcement procedures to lower pollution levels. In order to maintain LDAR system compliance, administrators and technicians must adhere to fundamental LDAR procedures, such as Method 21 monitoring techniques and analyzer configuration protocols.

Competitive Landscape

The global leak detection and repair (LDAR) market’s major key players are

  • Aeris Technologies, Inc
  • IBM Thomas
  • Watson Research Center
  • Bridger Photonics, Inc
  • LI-COR, Inc
  • Duke University
  • Colorado State University
  • Palo Alto Research Center
  • Maxion Technologies Inc
  • Rebellion Photonics Inc
  • Physical Sciences Inc

Recent Developments

  • March 2022- Bridger Photonics’ (“Bridger’s”) aerial Gas Mapping LiDAR™ was approved for use as an advanced leak detection and repair monitoring technology by New Mexico’s Energy, Minerals and Natural Resourced Department (“EMNRD”) for its ALARM credit program. With EMNRD’s approval, oil and gas operators in New Mexico can now use the advanced methane detection technology to help meet the state’s new regulatory requirements regarding methane (natural gas) emissions.
  • July 2022- IBM Thomas J. announced that the memory leak detection policy in the WebSphere Application Server could be set up to identify, prevent, and take appropriate action on classloader memory leaks.

Global Leak Detection and Repair (LDAR) Market: Segmentation

By Product

  • Handheld Gas Detection
  • UAV-based Detection
  • Vehicle-based Detection
  • Manned Aircraft Detection

By Technology

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

By Regions

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA
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