Ghaziabad, 18 May 2016: The ‘Europe Oil and Gas Pipeline Leak Detection System Market- Trends, Opportunities and Forecasts (2016-2021)’ is a significant research document that sheds light on the development of this market over the period of five years- 2016 to 2021. It is believed that increased investments in pipeline infrastructure, rising exploration and production activities in the oil and gas sector and the growing consumer demand for energy in Eastern, Western and Northern Europe are some of the reasons that will lead to the surge in Europe Oil and Gas Pipeline leak detection market. Shale revolution has also contributed to the high growth of this market.

The report also shows that due to the steep decline and rising demand for imports by some countries, there has been some instability for the oil field services and its allied industries. However this fluctuation in the crude oil prices has also proven to be a key driver for its major growth in the industry. It is also anticipated that exploration and production activities in the off-shore regions may also lessen the impact of great decline in the oil reserves in established fields. As per the report, “During 2016-21, The Europe Leak Detection System Market in Oil and Gas Industry is anticipated to grow at a CAGR of 0.99 % on account of anticipating low crude oil prices leading to an accelerated demand for cost-effective well intervention methods”.

The new proposed plans of oil and gas remission will also boost the overall LDS system in the next five years. Europe Oil and Gas pipeline LDS system has been analyzed and explored on different parameters and many factors have been taken into account which includes country wise analysis- UK, France, Germany, Netherlands, Spain, Russia , Hungary, Poland, Ukraine, Denmark and Norway, region wise interpretations ,project economics and policies of respective regions. Technologically, the market is segmented as acoustic leak detectors, Fibre Optics, Pressure Sensors and Flow meters. Aztoc’ spokesperson remarked, “This report focuses on the highly competitive Europe Oil and Gas Pipeline LDS market which is expected to grow at a consistent rate over a period of five years”.

The growth chart for this market is progressive during 2016-2021. The dominant region in revenue contribution share has been Western Europe and it is expected to continue its foothold till 2021 due to the high consumption rate of Germany. Eastern European Market has grown on account of high exporting capacity of Russian Federation. Some of the major names in the market are Diakont advanced technologies and Siemen corps.

The report would offer a deep understanding of this market and also enable its users to create and align their policies keeping in mind the varied possible fluctuations in the market. Being highly researched and studied in depth, this report is supposed to be a great aid in understanding and analyzing the market.

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