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Ultrasonic Gas Leak Detectors Market Size By Application, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa And South America), Growth Potential, Price Trends, Competitive Market Share & Forecast 2023 - 2030

ID : MRU_57116 | Date : Jan, 2023 | Pages : 168 | Region : Global

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Ultrasonic gas leak detection (UGLD) is a comparatively recent detection technique and has emerged as an effective means of establishing the presence of gas leaks. It works especially well in open, ventilated areas where other methods of gas detection may not be independent of ventilation. Because UGLDs respond to the source of the leak, rather than the gas itself, they complement sensors that measure gas concentration.
The increase in adoption of gas turbine power plants is one of the key factors driving the market\'s growth prospects. The replacement of coal-fired power plants by natural gas-based turbine power plants is driving the growth of the market for gas turbines. The rising adoption of gas turbine power plants will directly boost the demand for ultrasonic gas leak detectors. However, these gas turbines are associated with risks and hazards of fuel leaks. The risk of fire hazard is also high because gas turbine power plants are usually located in remote locations. This in turn, will drive the need for ultrasonic gas leak detectors throughout the estimated period to detect the presence of a gas leak.
The Americas accounted for the majority market shares during 2017 due to the increased production of natural gas and the expansion of gas pipelines. The market will continue to grow for the next four years in the region due to the shift from coal-fired power plants towards natural gas power plants. This will increase the pipeline activities for natural gas in the region, subsequently impacting the growth of the market for ultrasonic gas leak detectors.
The Global Ultrasonic Gas Leak Detectors Market touched xxx million USD with a CAGR xx % from 2018-2022 around the world. In the future, it is predicted to reach xxx million USD in 2023 with a CAGR xx % from 2023-2030.
As the report focuses on global Ultrasonic Gas Leak Detectors Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.

in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.

In Market segmentation by manufacturers, the report covers the following companies- Bacharach
Spectris
Emerson
MSA
AOIP
Diatex
INFICON
SUTO iTec

In Market segmentation by geographical regions, the report has analyzed the following regions-

North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types covers:
Fixed Ultrasonic Gas Leak Detectors
Portable Ultrasonic Gas Leak Detectors

In Market segmentation by applications :
Oil and Gas
Chemical Industry
Others

Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Ultrasonic Gas Leak Detectors Market for the forecast period 2023-2030?
• What are the driving forces in the Ultrasonic Gas Leak Detectors Market for the forecast period 2023-2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Ultrasonic Gas Leak Detectors industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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