Pune, India, December, 2018 /MRFR Press Release/- Market Research Future published a half-cooked research report on global oil & gas sensors market. The oil & gas sensors market is expected to expand at ~ 5.17% CAGR during the period 2022 to 2030.
Market Highlights
Oil & gas sensor is widely used for various oil & gas processes in refineries, petrochemicals, underwater development facilities, and oil & gas platforms. The sensors are also used to remotely monitor pipelines, natural gas leaks, corrosion, equipment condition, and real-time reservoir status. Additionally, due to the evolution of digital technologies and wireless communication, wireless sensor is estimated to grow at a phenomenal rate during the forecast period. This would also help in reducing the installation and operating costs.
Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Oil Gas Sensors Market Research Report
Based on sector, the market is segmented as upstream, midstream, and downstream. Downstream segment is estimated to dominate the market during the forecast period due to the increase in capacity addition of the refineries especially in North America and Asia Pacific. Considering the connectivity, the market is segmented as wired and wireless. Wireless sensors in the oil & gas industry are installed in all the upstream, midstream, and downstream processes. Wireless sensors have a wide variety of applications in the oil & gas industry varying with different requirements and characteristics.
The global oil & gas sensors market is expected to grow at ~ 5.17% CAGR during the forecast period.
Drivers
Market Research Analysis
North America accounts for the largest market share whereas Asia-Pacific is the fastest growing region.
Region wise, North America held the largest market share of the global oil & gas sensors market in 2017. It is estimated that Asia-Pacific region would be the fastest growing market during the forecast period, mainly due to the rising investment in oil & gas processes and high demand for IoT products such as sensors in oil & gas industry. The sensor market in the oil & gas industry would be mainly driven by the growth in unconventional resources in the countries such as US and Canada. The demand from the onshore & offshore fields in the Gulf of Mexico is also likely to positively impact the oil & gas sensors market during the forecast period.
Scope of the Report
This report provides an in-depth analysis of the global oil & gas sensors market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the oil & gas sensors market by its connectivity, type, sector, and by region.
By Connectivity
- Wired
- Wireless
By Type
- Pressure Sensor
- Temperature Sensor
- Level Sensor
- Vibration Sensor
- Others
By Sector
- Upstream
- Midstream
- Downstream
By Regions
- North America
- Asia-Pacific
- Europe
- Middle East & Africa
- South America
Key Players
The key players of the global oil & gas sensors market are Emerson (US), ABB (Switzerland), GE (US), Rockwell (US), Siemens (Germany), TE Connectivity (US), BD Sensors (Germany), Lord (US), Fortive (US), and Bosch (Germany).
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Base Year | 2018 |
Companies Covered | 15 |
Pages | 188 |
Certified Global Research Member
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.