Global Leak Detection and Repair Market

Global Leak Detection and Repair Market: Insights

With the tremendously increasing industrial sectors, many countries have experienced severe accidents and mishaps in regards to hazardous air leaks. The lack of inspection or detection of these leaks has not only affected the industries but has also affected the environment on a larger scale. To bring control over such leaks and prevent any negative impacts, leak detection and repair programs and systems are adopted. In the industrial food processing and HVAC industries, gas leak detection systems are in high demand. People in the vicinity suffer health problems as a result of extended exposure to ammonia, which is used as a refrigerant in food packaging.

The leak detection and repair programs are used to locate, repair, and control the leaks in various sources like pumps, valves, connectors, pipes, and others. According to the Environmental Protection Agency (EPA), the rate of Volatile Organic Compounds emission has been increasing through these unregulated and detected leakages. Moreover, to curb these surging volatile organic compounds (VOC) emission rates, the EPA brought regulations and programs like the Leak Detection and Repair for the industries. Along with these VOC emissions, the rate of hazardous air pollutants (HRP) is also drastically increasing due to increasing leaks through chemical industries.

The Environmental Protection Agency reports showcase that approximately 70367 tons of VOCs and 9357 tons of HRPs are emitted yearly due to equipment leaks and failures. A greater level of VOC is forming ground-level ozone layers scientifically called smog, which create high risk and tremendously adverse effects on the environment. These emissions also have an extreme impact on the health of humans and wildlife. The leak detection and risk programs modify and replace the malfunctioning and leaking components in the industries with leak less components.

Surveys and studies have proven that leak detection and repairs have brought down the VOC levels by 56% and the rest of the air pollutant emissions by 63% across the world. These measures have also shown a tremendous positive impact on the productivity of industries as well as the sale revenues. The citizens of the particular country and especially the workers of industries have experienced betterment in health and lifestyle with these leak detection and repair mechanisms. In the initial phase where countries were facing a drastic increase in emissions, many governments in those nations had come up with temporary measures like charging fees to the industries causing leaks and emitting hazardous pollutants.

However, with adapting leak detecting systems, the industries have witnessed a significant drop in charge of emission fees. Many industries have also faced an extensive number of losses in the past due to leaks and emissions, which have certainly improved by installing leak detection and repair systems.

Global Leak Detection and Repair Market: By Product

Handheld gas detectors are most prominently used in the leak detection and repair market. These detectors attribute features that are favourable for the end-users. These being handheld certainly increasing the product portability and adaptability. These give highly reliable results and are easy to utilize at any location without requiring any complex measures. They give ease in using as they can even be operated with one hand and are very light in weight, which becomes beneficial for the industries to detect leaks even in urgencies.

In some cases, industrial leaks can be a high risk for the workers’ health and can have adverse effects. However, these handheld gas detectors provide industry operators to quickly and safely detect leaks before even any emission occurs and affects the workers. Besides these factors, these products not only facilitate ample convenience to the staff and the operators but are also very cost-effective and enable industries to save money instead of budgeting as per heavy-duty detectors, eventually giving the same results as the handheld detectors.

Followed by the handheld gas detectors, the vehicle-based gas detectors are gradually expected to gain demand from the end-users due to their increasing beneficial features. With increasing industrial and plant sizes, these detectors enable mobility and flexibility to detect considerably huge areas in a lesser period and provide efficient results.

Global Leak Detection and Repair Market: By Technology

Volatile Organic Compound Analyzers are the most commonly used technologies in the leak detection and repair market. These analyzers are developed by various industry players certainly to detect the VOC emission that causes adverse effects on the environment and other applications. These technologies are incredibly robust and provide easy portability in deployment methods in any kind of environmental situation. This technology also has excellent efficiency in detecting various levels and types of VOC emissions from the surroundings, and the detection limits of this analyzer can also be extended beyond limits as per operators’ requirements, which give it an upper preference over the rest of the technologies employed under the leak detection systems. This analyzer also has one more efficient feature, which makes it the most chosen because of its fast and continuous ability to detect VOC emissions. It facilitates leak checks every 5 minutes to 15 minutes, thus providing consistency and security to the industries.

Global Leak Detection and Repair Market: By Region

The North American region has its dominance over the Leak Detection and Repair market. With North America being heavily industrialized and mass chemical processing and other oil and gas industries, it has had frequent gas leaks and increased VOC emissions. Surveys and reports of 1970 showed that a country like the USA experienced 33742 tonnes of VOC emission. This tremendous emission rate indeed had very extreme adverse effects, which brought out various measures to bring control over the emission rate. The North American region has been the most prominent user and adopter of leak detection and repair systems, which is proved by the figure of countries like the USA, which showed a significant fall to 12035 tonnes of VOC emission in 2020, as compared to the 1970 databases.

Asia Pacific region currently is experiencing a massive amount of leaks and consequent VOC emissions. Countries like India are on the radar list for an extreme VOC emission surge in the last few years. However, the Asia Pacific region is estimated to witness a fast growth rate in the adaptation of leak detection and repair systems. The increasing awareness about environmental conservation and the adverse effect of gas leaks and VOC emissions make industries adapt to these leak detection mechanisms. Also, countries in the APAC region are experiencing growth in industrial setups and new emerging gas, oil, and chemical industries, which is increasing the demand for leak detectors. Also, the increasing emission rates are compelling the governments in APAC countries to mandate adaptation to leak detection and repair programs.

Global Leak Detection and Repair Market Share & Competitor Analysis

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

Please note: This is not an exhaustive list of companies profiled in the report.