London, United Kingdom, April 08, 2016 --(PR.com
)-- TD The Market Publishers, Ltd. is extremely pleased to inform that new research study on the global oil and gas pipeline leak detection system market prepared by its market research partner is now available at MarketPublishers.com.
The shale revolution which took place in the USA not so long ago has been the major factor propelling growth of the market for leak detection systems in the oil and gas industry.
According to the report, growth of this market in Europe is driven by high consumer demand for energy, high production and exploration activities together with growing pipeline infrastructural investments.
Western Europe dominates the European marketplace and author of the report expects that it will maintain this position in future due to a high consumption rate from Germany.
The total European market is likely to grow at a low rate in the upcoming years since crude oil prices are anticipated to go down and the demand for cost-effective methods of well intervention is expected to escalate in the near term.
Some market players have disclosed their plans of oil and gas transmission, and this will also contribute to the market growth in the years to come since the number of pipelines will increase.
More details on this research study can be found at https://marketpublishers.com/report/chemicals_petrochemicals/oils-lubricants/europe-oil-n-gas-pipeline-leak-detection-system-lds-market-trends.html.