Water Cut Monitors Market Revenue Is Anticipated to Reach $241 million by 2024

The Water Cut Monitors market is expected to grow from an estimated USD 188 million in 2019 to USD 241 million by 2024, at a CAGR of 5.0%, during the forecast period. The growth of the Water Cut Monitors market can be attributed to the rising demand for advanced and precise real-time monitoring instruments from the oil & gas sector, especially for upstream applications.

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The onshore segment is expected to hold the largest share of the water cut monitors market, by location, during the forecast period.

The onshore segment led the water cut monitors market in 2018 and is expected to grow at a considerable pace during the forecast period. The onshore oilfield service providers are focused on improving services for enhancing the production from mature fields and thus are coming up with advanced drilling procedures. Therefore, enhancement in digitalization increases the demand for water cut meters. With the adoption of water cut monitors, oil & gas operators can monitor water cut at upstream, midstream, and downstream applications. During drilling, accurate water cut measurement is crucial, as the oil operator wants to supply oil with minimum impurities at all stages of the supply chain to get maximum returns in terms of revenue. Thus, rising demand for real-time measurement instruments from oil operators in regions such as North America and Europe to manage production, reduce downtime, and incur lower human risk is a key factor driving the growth of the water cut monitors market.

The upstream sector segment is expected to be the largest segment of the Water Cut Monitors market.  

The upstream segment is expected to be the largest segment of the water cut monitors market, by sector, in 2018. Water cut monitors in the upstream sector are primarily used in well testing, separation vessel, and MPFM applications. The upstream sector is experiencing rapid digitalization by transforming traditional operating models into smarter operations, which reduces nonproductive time. Additionally, there has been a considerable increase in drilling activities globally. For instance, the total numbers of new wells drilled globally were approximately 71,000 in 2018, of which, about 4,000 were offshore and the remaining 67,000 onshore. The new well drilling activity witnessed a y-o-y growth of 7% from 2017. Thus, rising drilling activities and increasing adoption of real-time monitoring systems are major factors expected to drive the demand for water cut monitors in the upstream sector.

Asia Pacific: the leading Water Cut Monitors market

In this report, the Water Cut Monitors market has been analyzed with respect to five regions, namely, North America, Europe, Asia Pacific, South America, and the Middle East & Africa. The Asia Pacific market is expected to lead the Water Cut Monitors market by region. The growth of the Water Cut Monitors market in the Asia Pacific region can be attributed to rising imports from Middle East countries, development, and expansion of refineries, and increasing investment in the development of pipeline networks.

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Key Market Players

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Water Cut Monitors market. They are Weatherford (Switzerland), Emerson (US), Phase Dynamics (US), and Ametek Inc. (US). The leading players are trying to enter the market of developing economies and are adopting various strategies to increase their market shares.

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, "Knowledgestore" 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.

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Portable Generator Market to Witness Comprehensive Growth by 2024

The global portable generator market size is expected to reach USD 2.5 billion by 2024 from an estimated value of USD 2.0 billion in 2019, at a CAGR of 4.1% during the forecast period. The market is set to grow due to increasing weather-related power outages and rising demand for uninterrupted and reliable power supply in developed and developing nations.

The residential segment is expected to be the largest portable generator market, by end-user, during the forecast period

Portable generators are used mainly for emergency power supply in case of weather-related power outages. Portable generators are used to run essential appliances such as lights, refrigerators, and fans. Apart from essential appliances, portable generators are also used for domestic recreational activities such as camping and picnic. Ease of start and portability are the main factors that drive the portable generator industry for residential end-users.

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The gasoline segment is projected to account for a major share of the portable generator market during the forecast period

The gasoline fuel-operated portable generators are expected to dominate the portable generator industry during the forecast period. Gasoline fuels are more compatible with small-capacity engines, and this is the main reason for the large market share of gasoline-powered generators. Apart from compatibility, the availability of fuel and clean operation are also the major factors for the growth of gasoline portable generators.

The emergency segment is projected to account for the largest share of the portable generator industry during the forecast period

The emergency segment is projected to dominate the portable generator market share based on the application. Increasing weather-related power outages and aging power generation & distribution networks are expected to drive the emergency portable generator segment during the forecast period.

The 5–10 kW segment is projected to dominate the portable generator industry throughout the forecast period

The 5–10 kW segment is expected to dominate the market, by power rating, during the forecast period. The 5–10 kW portable generator market is growing because its usage in construction-related activities in the Asia Pacific region is very high. Also, in North America, during frequent power outages in areas such as Puerto Rico and Mexico, users mostly prefer the 5–10 kW portable generators for power backup.

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North America is projected to dominate the global portable generator market during the forecast period

In this report, the market has been analyzed with respect to five regions, namely, North America, Europe, Asia Pacific, South America, and the Middle East & Africa. North America is expected to lead the market during the forecast period.

The increasing number of weather-related power outages due to natural calamities such as hurricanes and heat waves are disrupting the power supply to millions of residential and commercial users. Because of these unfortunate incidents, the demand for portable generators is increasing in the North American market.

Key players -

To offer an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players such as Honda (Japan), Briggs & Stratton (US), Atlas Copco (Sweden), Generac (US), and Yamaha (Japan), Cummins (US), Caterpillar (US), and Wacker Neuson (Germany).

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Key Questions Addressed by the Report

• What are the revolutionary technology trends that could be witnessed over the next five years?
• What will be the revenue pockets for the portable generator market in the next five years?
• Which of the type segments will have the maximum opportunity to grow during the forecast period?
• Which will be the leading regions with the largest market share by 2024?
• How are the companies implementing organic and inorganic strategies to gain increased market share?

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, "Knowledgestore" 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. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Enhanced Oil Recovery Market 2020 Future Growth Explored in Latest Research Report by 2025

The global enhanced oil recovery market size is projected to reach USD 43.3 billion by 2025 from an estimated USD 59.4 billion in 2020, at a CAGR of 6.5% during the forecast period. Increased production from mature fields and the upsurge in the oil & gas production by countries owing to rising demand from the Asia Pacific. This has led to the enhancement of productivity of oil & gas wells , thus driving the market for global enhanced oil recovery.

The enhanced oil recovery market has promising growth potential due to growing shale activities. It is difficult to extract oil & gas from shale reservoirs due to its highly impermeable nature. According to the IEA, shale production from the US alone is expected to increase by 100 million barrels per day. Shale development in other countries such as China and Argentina are also likely to boost the well production activities in these countries, which is expected to drive the enhanced oil recovery market in North America, Latin America, and Asia Pacific.

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The enhanced oil recovery market, by technology, is segmented into thermal EOR, Chemical EOR, Gas EOR, and others. The gas EOR segment of the enhanced oil recovery market is expected to grow at the highest CAGR during the forecast period, as there is an increasing demand for carbon-capturing technologies and the declining cost of carbon capturing and sequestration. The need to enhance production from mature reservoirs is expected to drive the market for this segment during the forecast period.

The enhanced oil recovery market, by application, is categorized into onshore and offshore. The South American offshore segment is expected to provide many opportunities for enhanced oil recovery market in the future, owing to huge drilling activities in offshore Brazil and Venezuela gas production activities. Growth is driven majorly by the increasing production of heavy oil and redevelopment of mature oilfields. Furthermore, the investments to deepwater offshore areas are expected to offer lucrative opportunities for the enhanced oil recovery manufacturers during the forecast period.

North America is estimated to be the fastest-growing market for enhanced oil recovery during the forecast period. The region has been segmented, by country, into the US, Canada, and Mexico. The increasing shale oil & gas production in the North America region is driving the enhanced oil recovery market in this region. In the US, according to the EIA, by 2040, tight oil production and shale gas production is expected to reach 7.08 million BPD and 79 billion cubic feet per day, respectively. Moreover, the country has been experiencing huge investments from upstream operators to increase the production from the depleting fields, along with rising production rates of oil sands in Canada. Increasing exploration and productivities activities in ultra-deepwater locations in the Gulf of Mexico, which is likely to drive the North American enhanced oil recovery market.

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Recent Developments -

• In September 2019, TechnipFMC opened a surface international facility in ICAD II. The scope of the investment was to assist ADNOC to enhance its operations in Abu Dhabi. The new facility offered a broad range of TechnipFMC portfolio with its high technology equipment in drilling, completion, production, and pressure control segments.
• In November 2018, BP announced its first offshore deployment LoSal enhanced oil recovery technology to its Clair Ridge project in the West of Shetland region, offshore of the UK. BP owns 28.6% of the interest in the Clair field.
• In September 2018, BASF and Letter One recently signed an agreement to merge their respective oil and gas businesses in a joint venture, which will operate under the name Wintershall DEA.
• In August 2018, Baker Hughes Company was awarded a contract by Cairn Oil & Gas, Vedanta Limited to construct ~300 new wells and deploy a chemical EOR program aimed at increasing production from the Rajasthan area.

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, "Knowledgestore" 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. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com