Leak Detection And Repair Market Size Is Projected To Reach USD 26.07 Billion By 2028
San Francisco, 9 April 2021: The Report Leak Detection And Repair Market Size, Share & Trends Analysis Report By Product (Handheld Gas Detectors, UAV-based Detectors), By Technology (VOC Analyzer, Optical Gas Imaging), And Segment Forecasts, 2021 - 2028 The global leak detection and repair market size is expected to reach USD 26.07 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 4.6% from 2021 to 2028. The growth can be attributed to the increasing oil and gas leakages in pipelines and storage tanks and the ongoing new pipeline constructions, among others. The rise in oil and gas consumption has increased the production activities of oil and gas and thereby, created the need for leak detection repair systems. Nowadays, oil and gas companies are leveraging internet of things capabilities for leakage detection, remote area monitoring, and so on. In the oil and gas industry, IoT technology is used for monitoring pu