Oil & Gas Pipeline Leak and Theft Detection Technologies Market to Cross $2 Billion by 2022

Surging demand for oil & gas and expanding pipeline infrastructure to propel demand for oil & gas pipeline leak and theft detection systems in North America through 2022

According to a recently published TechSci Research report, “North America Oil & Gas Pipeline Leak and Theft Detection Market By Onshore Vs. Offshore, By Application, By Source of Revenue, By Equipment, and By Technology Competition Forecast & Opportunities, 2012–2022”, oil & gas pipeline leak and theft detection market in North America is forecast to cross $2 billion by 2022. North America accounted for the largest share in global oil & gas pipeline leak and theft detection market over the past few years and the region is anticipated to continue dominating the global market through 2022. Moreover, the United States is the largest producer and consumer of oil & gas across the world. TransCanada is expected to come up with its Keystone XL pipeline for the Keystone Gulf Coast Expansion Project, for transportation of crude oil from Western Canada to the US Gulf Coast. The pipeline is 1,779 miles long and 36 inches in diameter, and would increase Keystone’s capacity to 1.2 mb/d. Two major pipeline projects, Dakota Access and Energy Transfer Crude Oil Co. LLC, are expected to start between Bakken-Three Forks play in North Dakota to the US Gulf Coast. These projects would be jointly operated by Energy Transfer Equity LP, Energy Transfer Partners LP, and Phillips 66, and the pipeline would be 1,100 miles in length.

“North America oil & gas pipeline leak and theft detection market is on the rise due to expanding pipeline infrastructure, in order to cater rising demand and production of oil & gas coupled with increasing trading between countries,” said Mr. Karan Chechi, research director with TechSci Research, a research-based global management consulting firm.

“North America Oil & Gas Pipeline Leak and Theft Detection Market By Onshore Vs. Offshore, By Application, By Source of Revenue, By Equipment, and By Technology Competition Forecast & Opportunities, 2012–2022” has evaluated future growth potential of North America oil & gas pipeline leak and theft detection market and provides statistics and information on market structure. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluations. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges available in North America oil & gas pipeline leak and theft detection market.

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