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The market for oil and gas sensors is anticipated to grow at a CAGR of 6.17% from 2022 to 2030, reaching a value of over USD 11.42 billion.
The oil and gas industry has a significant impact on the economy. The oil and gas industry makes important contributions as a supplier of raw materials for chemical products like pharmaceuticals, cleansers, fertilisers, pesticides, and plastics in addition to generating the majority of the world's primary energy. Sensors are essential for the control and oversight of the oil and gas industry. The key drivers of the market for gas sensors are downsizing and wireless capabilities, along with improvements in communication technologies, which enable their integration into various equipment and devices to detect dangerous gases at a safe distance. Therefore, it is predicted that all of these factors will propel the oil & gas sensors market throughout the projected time.
The key drivers of market expansion are a greater focus on technology innovation and government policies that are supportive of industry. Increasing industrialisation and stricter adherence to various safety and occupational health rules reduce market value. The market will develop as people become more aware of air pollution and as wireless, miniature sensors become more accessible. Other elements contributing to the market's expansion include the development and expansion of the micro-electromechanical sector.
The primary driver of the oil and gas sensors market is the need for the oil and gas sector to be modernised, rebuilt, and enhanced. Automation in the oil and gas sector increases productivity and benefits investors. Upstream activity expansion and efficient shale gas extraction are expected to have a positive impact on the market. Investment in the oil and gas sector has significantly declined as a result of low crude oil prices. This severely restricts the demand for oil and gas sensors.
The primary factor influencing the oil & gas sensors market is the need for the oil & gas sector to be modernised, refurbished, and enhanced. Automation in the oil and gas sector increases productivity and brings in money for investors. Upstream activity expansion and efficient shale gas extraction are expected to have a positive impact on the market. The construction of long-distance surface pipelines and subsea pipes for the transportation of crude and natural oil represents a new application area for sensors in the midstream. Investment in the oil and gas sector has significantly declined as a result of low crude oil prices. This severely restricts the supply of oil and gas sensors.
Report Coverage
Global Oil & Gas Sensors research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Oil & Gas Sensors report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Oil & Gas Sensors competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Oil & Gas Sensors market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Oil & Gas Sensors market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Oil & Gas Sensors market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Honeywell, Emerson, ABB, GE, Rockwell, Siemens, TE Connectivity, BD Sensors, Lord, Fortive, and Bosch
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Oil & Gas Sensors market based on the below-mentioned segments:
Global Oil & Gas Sensors Market, By Type
Pressure
Temperature
Level
Vibration
Global Oil & Gas Sensors market, By Connectivity
Wired
Wireless
Global Oil & Gas Sensors Market, By Sector
Upstream
Midstream
Downstream
Global Oil & Gas Sensors market, Regional Analysis
The oil and gas industry has a significant impact on the economy. The oil and gas industry makes important contributions as a supplier of raw materials for chemical products like pharmaceuticals, cleansers, fertilisers, pesticides, and plastics in addition to generating the majority of the world's primary energy. Sensors are essential for the control and oversight of the oil and gas industry. The key drivers of the market for gas sensors are downsizing and wireless capabilities, along with improvements in communication technologies, which enable their integration into various equipment and devices to detect dangerous gases at a safe distance. Therefore, it is predicted that all of these factors will propel the oil & gas sensors market throughout the projected time.
The key drivers of market expansion are a greater focus on technology innovation and government policies that are supportive of industry. Increasing industrialisation and stricter adherence to various safety and occupational health rules reduce market value. The market will develop as people become more aware of air pollution and as wireless, miniature sensors become more accessible. Other elements contributing to the market's expansion include the development and expansion of the micro-electromechanical sector.
The primary driver of the oil and gas sensors market is the need for the oil and gas sector to be modernised, rebuilt, and enhanced. Automation in the oil and gas sector increases productivity and benefits investors. Upstream activity expansion and efficient shale gas extraction are expected to have a positive impact on the market. Investment in the oil and gas sector has significantly declined as a result of low crude oil prices. This severely restricts the demand for oil and gas sensors.
The primary factor influencing the oil & gas sensors market is the need for the oil & gas sector to be modernised, refurbished, and enhanced. Automation in the oil and gas sector increases productivity and brings in money for investors. Upstream activity expansion and efficient shale gas extraction are expected to have a positive impact on the market. The construction of long-distance surface pipelines and subsea pipes for the transportation of crude and natural oil represents a new application area for sensors in the midstream. Investment in the oil and gas sector has significantly declined as a result of low crude oil prices. This severely restricts the supply of oil and gas sensors.
Report Coverage
Global Oil & Gas Sensors research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Oil & Gas Sensors report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Oil & Gas Sensors competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Oil & Gas Sensors market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Honeywell, Emerson, ABB, GE, Rockwell, Siemens, TE Connectivity, BD Sensors, Lord, Fortive, and Bosch |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Oil & Gas Sensors Market from 2021 to 2030.
- Market Forecast for Oil & Gas Sensors Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Oil & Gas Sensors competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Oil & Gas Sensors
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Oil & Gas Sensors market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Oil & Gas Sensors market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Honeywell, Emerson, ABB, GE, Rockwell, Siemens, TE Connectivity, BD Sensors, Lord, Fortive, and Bosch
Primary Target Market
- Market Players of Oil & Gas Sensors
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Oil & Gas Sensors market based on the below-mentioned segments:
Global Oil & Gas Sensors Market, By Type
Pressure
Temperature
Level
Vibration
Global Oil & Gas Sensors market, By Connectivity
Wired
Wireless
Global Oil & Gas Sensors Market, By Sector
Upstream
Midstream
Downstream
Global Oil & Gas Sensors market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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