The global Leak Detection and Repair (LDAR) market is expected to grow from USD 18.98 billion in 2023 to USD 27.49 billion by 2031. This growth is driven by stricter environmental regulations and increasing demand for technologies that improve leak detection and reduce operational costs. Key drivers include advancements in sensors, drones, and infrared technologies, while challenges involve high initial investments and regulatory complexities. Industries like oil & gas, chemical, and manufacturing are significant adopters of LDAR solutions.
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