Leak Detection Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Upstream, Midstream, Downstream), By Product Type (Handheld Gas Detectors, UAV-Based Detectors, Manned Aircraft Detectors and Vehicle-Based Detectors & Others), By Technology (Acoustic / Ultrasound, Fiber Optic, Pressure-Flow Deviation Methods, Extended Real-Time Transient Model, Thermal Imaging, Vapor Sensing, Hydraulic Leak Detection, Negative Pressure Valves & Others), By End User (Oil and Gas, Chemical Plants, Water Treatment Plants, Thermal Power Plants, Mining & Others), and Region, Forecast 2019-2030.

Leak Detection Market size was valued at US$ 2,483.5 million in 2023 and is projected to reach a value of US$ 4,283.9 million by 2030, at a CAGR of 8.1% from 2024-2030. Leak detection is a process that identifies leaks in pipes, containers, or other systems and alerts the operator or user. The process of detecting and discovering unexpected or unusual fluid or gas losses in a system or environment is known as leak detection. It entails detecting leaks in storage tanks, pipelines, industrial machinery, and other infrastructures using sensors, technologies, or techniques. By quickly detecting leaks, the main objective is to avoid environmental damage, safety risks, and financial losses. The key drivers of market are rising incidents of leakages and spills, adoption of non-destructive testing methods.

However, the restraints of market are complex installation and maintenance, false alarms and accuracy issues. Additionally, the emerging opportunities of market are advancements in IoT and AI technologies, development of wireless and portable solutions. The key trends of market are use of drones and robotics for inspection, adoption of fiber optic sensing technology. 

Key Players

The leading companies highlighted in the leak detection market report include such as Honeywell which provides various gas leak detectors such as the SENSIT HXG-2d ; Siemens AG offers advanced leak detection solutions like SIWA Leak Finder ; PSI AG offers integrated leak detection solutions for both upstream and downstream oil and gas pipelines ; FLIR Systems, Inc. offers FLIR Si-Series acoustic imaging cameras, Schneider Electric SE offers Wiser Water Leakage Sensor which detects water leaks and others are Atmos International, Clampon AS, TTK-Leak Detection System. Also, a comprehensive analysis of industry verticals and market participants that provides a clear overview of the competitive landscape in relation to the sectors served by the company’s products and services, market share, service offerings, financial reports, significant developments, market strategy, competitive position, and geographic reach.

Key Takeaways

•   North America is the dominant market in 2023. 
•   The Asia Pacific is expected to expand at highest CAGR from 2024 to 2030.
•   Based on type, the upstream segment dominated the market in 2023.
•   Based on product type, the handheld segment has largest market share in 2023. 
•   Based on technology, the acoustic / ultrasound segment has captured the largest market share. 
•   Based on end user, the oil and gas segment has expected to dominate the market in coming forecast years.

Facts & Figures

•   In 2023, Oldcastle Infrastructure (a CRH Company) partnered with FIDO Tech to deliver leak detection and water management solutions in the U.S.
•   In 2024, Siemens AG introduced advanced AI-based leak detection systems for industrial applications, enhancing accuracy and reducing false alarms.  

Key Developments

• In 2022, South West Water partnered with ASTERRA to use satellite-based leak detection technology to locate subterranean water breaches

Leak Detection Market Segmentation

By Type: Among the all types, the upstream segment is the most used in the market. This segment focuses on exploration and production activities in the oil and gas industry, where leak detection is crucial for preventing environmental damage, ensuring safety, and maintaining operational efficiency. The high stakes and potential risks associated with upstream operations drive the demand for advanced leak detection technologies.

By Product Type: Handheld Gas Detectors are the most commonly used for leak detection. They are widely utilized across various industries due to their portability, ease of use, and ability to provide immediate, on-site detection of gas leaks. These detectors are essential for ensuring safety in environments where gas leaks can pose significant risks.

By Technology: Among all the technologies, the acoustic/ultrasound segment holds the largest share in the market due to its high sensitivity and effectiveness in detecting leaks across various industries, such as oil and gas, water management, and chemical processing. Acoustic/ultrasonic technology can detect even small leaks with high accuracy, making it a preferred choice for ensuring safety and preventing environmental damage. 

By End User: Among all the end users, the oil and gas segment is dominant as the industry has seen significant advancements in leak detection technologies, such as acoustic/ultrasound, fiber optic sensing, and real-time transient monitoring (RTTM). These technologies enhance the accuracy and efficiency of leak detection.