The content of this report will be updated with the latest scenarios based on the global COVID-19 Pandemic
The Europe Leak Detection and Repair (LDAR) Market would witness market growth of 6.1% CAGR during the forecast period (2019-2025).
Leak Detection and Repair (LDAR) regulations have been placed in effect by the Environmental Protection Agency (EPA) due to the volume of volatile organic compounds (VOCs) and volatile hazardous air pollutants (VHAPs) released by leakage equipment such as valves, pumps and connectors in industries like petroleum refining and chemical manufacturing. In an attempt to reduce pollution, the EPA has formulated regulations and compliance programs. LDAR administrators and technicians must follow basic LDAR procedures, such as Method 21 monitoring techniques and configuration protocols for analyzers, in order to keep their LDAR systems in compliance.
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. Technological developments in unmanned aerial vehicles, industrial automation and robots are anticipated to boost the market growth. Advancing technologies in the oil and gas sector has led to a wider adoption of gas leak detection systems, fueling the growth of the market.
Based on Product, the market is segmented into Handheld Gas Detectors, Vehicle-Based Detectors, UAV Based Detectors and Manned Aircraft Detectors. Based on Technology, the market is segmented into VOC Analyzer, Optical Gas Imaging, Acoustic Leak Detector, Ambient/Mobile Leak Monitoring, Laser Absorption Spectroscopy and Others.Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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., and ENCOS, Inc.
Scope of the Study
- Handheld Gas Detectors
- Vehicle-Based Detectors
- UAV Based Detectors
- Manned Aircraft Detectors
- VOC Analyzer
- Optical Gas Imaging
- Acoustic Leak Detector
- Ambient/Mobile Leak Monitoring
- Laser Absorption Spectroscopy
- Rest of Europe
- 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.
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