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
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, 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 1779
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 1100 miles in length.
Browse 27 Figures spread through 76 Pages and an
in-depth TOC on "North America Oil & Gas Pipeline Leak and Theft
Detection Market"
https://www.techsciresearch.com/report/north-america-oil-gas-pipeline-leak-and-theft-detection-market-by-onshore-vs-offshore-by-application-buried-subsea-refinery-petrochemical-by-source-of-revenue-by-equipment-by-technology-competition-forecast-opportunities/1025.html
“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.
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“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 evaluation.
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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