According to the new market research report "Oil
& Gas Sensors Market by Type (Pressure, Level, Flow,Temperature),
Connectivity (Wired, Wireless), Application (Remote Monitoring, Condition
Monitoring, Analysis), Sector (Upstream, Midstream, Downstream), and Region
-Global Forecast to 2023", published by MarketsandMarkets™, the Oil & Gas Sensors Market is expected to grow
from USD 7.4 billion in 2018 to USD 9.4 billion by 2023, at a Compound Annual
Growth Rate (CAGR) of 4.8% during the forecast period.
Don’t miss out on business opportunities in Oil & Gas Sensors Market. Download PDF Brochure and gain crucial industry insights that will help your business grow:
The major factors driving the Oil & Gas Sensors
Market include growing IoT in the oil & gas industry. IoT in the oil and
gas industry helps in improving operational efficiency, revenue, real-time
data, and decreasing safety risk, and environmental footprint.
The pressure sensors segment is expected to grow at
the highest CAGR in the global Oil & Gas Sensors Market during the forecast
period
The Oil & Gas Sensors
Market has been segmented on the basis of sensors type into pressure sensors,
flow sensors, level sensors, temperature sensors, and others. Among these
types, pressure sensors is the fastest growing segment in the Oil & Gas
Sensors Market as they provide accurate and reliable data to detect small
changes in the pressure usually in the upstream and midstream processes.
Browse and in-depth TOC on "Oil &
Gas Sensors Market"
69 - Tables
42 - Figures
113 - Pages
View more detailed
TOC @
Wireless sensors are expected to grow at the highest
CAGR in the global Oil & Gas Sensors Market during the forecast period
Wireless sensors in the oil
& gas industry are installed in all upstream, midstream, and downstream
processes. Wireless sensors have a growing demand as they eliminate cables,
resulting in reduced installation and operating costs. Moreover, wireless
sensors have a wide variety of applications in the oil & gas industry
varying with different requirements and characteristics.
North America is expected to hold the largest market
size in the Oil & Gas Sensors Market in the forecast period
North America is estimated
to account for the largest share of the market in 2018. The region is
considered the most advanced region in terms of technology adoption and
infrastructure. The sensor market in the oil & gas industry would be mainly
driven by the growth in unconventional resources in the US and Canada. The
demand from the onshore & offshore fields in the Gulf of Mexico is also
likely to positively impact the sensor market during the forecast period. All
these factors are expected to drive the oil & gas sensor market in North
America.
Major vendors in the
Oil & Gas Sensors Market include Emerson (US), ABB (Switzerland), GE
(US), Indutrade (Sweden), BD Sensors (Germany), Lord (US), MTS Sensors (US),
Bosch (Germany), Rockwell (US), TE Connectivity (Switzerland), Fortive (US),
and Siemens (Germany).
Browse Adjacent Markets @ Energy and Power Market Research Reports & Consulting
About MarketsandMarkets™
MarketsandMarkets™
provides quantified B2B research on 30,000 high growth niche opportunities/threats
which will impact 70% to 80% of worldwide companies’ revenues. Currently
servicing 7500 customers worldwide including 80% of global Fortune 1000
companies as clients. Almost 75,000 top officers across eight industries
worldwide approach MarketsandMarkets™ for their painpoints around revenues
decisions.
Our 850
fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth
markets following the "Growth Engagement Model – GEM". The GEM aims
at proactive collaboration with the clients to identify new opportunities,
identify most important customers, write "Attack, avoid and defend"
strategies, identify sources of incremental revenues for both the company and
its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants
(Positioning top players across leaders, emerging companies, innovators,
strategic players) annually in high growth emerging segments.
MarketsandMarkets™ is determined to benefit more than 10,000 companies this
year for their revenue planning and help them take their
innovations/disruptions early to the market by providing them research ahead of
the curve.
MarketsandMarkets’s
flagship competitive intelligence and market research platform, "Knowledge
Store" connects over 200,000 markets and entire value chains for deeper
understanding of the unmet insights along with market sizing and forecasts of
niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/oil-gas-sensor-market.asp
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/oil-gas-sensor-market.asp
Visit Our Website:
https://www.marketsandmarkets.com
No comments:
Post a Comment