The Leak Detection Market was valued at USD 4.58 billion in 2023 and is expected to reach USD 7.26 billion by 2032, growing at a CAGR of 5.31%. The market is driven by sustainability mandates and safety compliance, with increasing investment in preventive systems to promote safety and environmental protection within operations. However, high installation and maintenance costs are limiting implementation, especially by small and medium enterprises (SMEs).

Leading market players in the Leak Detection Market include ABB Ltd., Emerson Electric Co., Honeywell International Inc., and more. The market report covers key segmentation by type, technology, and end-use industry, offering insights into growth trends and market scope.

In 2023, the Oil & Gas segment led the Leak Detection Market with a 39% revenue share, while the Chemical & Petrochemical segment is expected to grow with the highest CAGR of 7.44%. The Handheld detector segment led in 2023, with the UAV-based detector segment projected to grow at the fastest CAGR of 7.54%.

North America currently leads the Leak Detection Market, driven by high industrial base and stringent environmental regulations. Asia Pacific is expected to register the fastest growth, with a projected CAGR of 7.48% from 2024 to 2032, due to high industrialization, urbanization, and environmental protection policies.

Recent developments include ABB’s increased demand for MobileGuard™ gas leak detection solution and Honeywell’s launch of a Maintenance-Free Hydrogen Leak Detector for safer energy infrastructure. The market report includes a comprehensive table of contents covering market dynamics, competitive landscape, segmentation, regional analysis, and company profiles.

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