Oil & Gas Sensors Market – 2019 Size, Share, Trends, Growth, Competitive, Regional Analysis With Global Industry Forecast To 2023
Oil & Gas Sensors Market 2019 Global Size, Growth Trends, And Regional Outlook to 2023 is latest report published by Market Research Future. Global Oil & Gas Sensors Market is to grow at healthy 4.80% CAGR by 2023. Global Oil & Gas Sensors Market by Type (Pressure, Temperature, Level, Vibration), Connectivity (Wired, Wireless), Sector (Upstream, Midstream, Downstream), and Region with Forecast To 2023.
Oil & Gas Sensors Key Players Analyzed in Report:
Honeywell (US), Emerson (US), ABB (Switzerland), GE (US), Rockwell (US), Siemens (Germany), TE Connectivity (US), BD Sensors (Germany), Lord (US), Fortive (US), and Bosch (Germany).
Get Free Sample “Oil & Gas Sensors Market Research Report-Global Forecast till 2023” at: https://www.marketresearchfuture.com/sample_request/6965
Oil & Gas Sensors Market Highlights:
The global oil and gas sensors market is expected to exhibit a strong 4.8% CAGR over the forecast period from 2019 to 2023, according to the latest research report published by Market Research Future (MRFR). The global oil and gas sensors market is mainly driven by the growing demand for employee safety in the oil and gas industry, according to the MRFR report.
Oil & gas sensors are designed to function in vibrations, shocks, extreme temperatures and more for oil & gas, and marine applications. To cater such multiple operations, there are a wide variety of sensors for every different application such as pressure sensors, level sensors, and flow sensors which are used remarkably to improve reliability, productivity, and safety in manufacturing plants in the oil & gas industries.
The growing risk of workplace accidents in the oil and gas industry is likely to be the major driver for the global oil and gas sensors market over the forecast period. According to the U.S. Bureau of Labor Statistics, accidents during oil drilling and exploration activities account for 40% of all workplace deaths in the industry. This has led to a growing demand for effective monitoring of oil and gas industry processes to ensure the safety of everyone involved in the operations. The increasing support from the U.S. government for safety-oriented regulations is likely to drive the oil and gas sensors market over the forecast period.
As the oil & gas sensors market is proliferating steadily, the market is driven by various factors which are the reason for its growth. The factors are listed as increasing adoption of ultrasonic sensors and increasing demand for sensors due to refining capacity additions.
On the flip side, some technical hitches concerns such as high manufacturing cost, and deficiency in selectivity and complicated fabrication processes, and high-power consumption are summed up as key restraining factors for market growth. To overcome such factor, governments around the world have developed a smart investment plan to increase its refinery capacity, which would further impel the growth of the global oil & gas sensor market.
Global Oil & Gas Sensors Market Segments:
The global oil and gas sensors market is segmented on the basis of connectivity, type, sector, and region.
By connectivity, the global oil and gas sensors market is segmented into wired and wireless.
By type, the global oil and gas sensors market is segmented into pressure sensors, temperature sensors, level sensors, vibration sensors, and others. Pressure sensors are likely to dominate the global oil and gas sensors market over the forecast period due to their widespread usage in upstream, midstream, as well as downstream operations in the oil and gas industry and their important role in regulating the pressure inside oil and gas pipelines and monitoring leakages and other threats.
By sector, the global oil and gas sensors market is segmented into upstream, midstream, and downstream. The downstream segment of the global oil and gas sensors market is expected to dominate the global oil and gas sensors market over the forecast period due to the growing demand for oil and gas sensors in petroleum refineries.
Global Oil & Gas Sensors Market Regional Overview:
Regionally, the global oil gas sensors market has covered majorly North America, Europe, Asia Pacific, and the rest of the world.
North America accounts for the largest share of the market, as it is the most advanced region in terms of technology adoption and infrastructure. The sensor market in the oil & gas industry is mainly driven by the growth in unconventional resources in the US and Canada. Also, the demand from the onshore & offshore fields in the Gulf of Mexico is also likely to influence the sensor market during the forecast period positively. All these factors are expected to drive the oil & gas sensor market in North America.
Next is the Asia Pacific, which is expected to have the highest growth rate during the forecast period due to the increasing energy consumption observed in this region. The oil demand in the Asia Pacific would grow by 2023, which would be driven by the rising use of petrochemical materials such as ethane and naphtha. It is projected that the Asia Pacific would account for roughly 60% of the global oil production growth demand in the next five years.
TABLE OF CONTENTS:
1. EXECUTIVE SUMMARY
2. SCOPE OF THE REPORT
2.1. MARKET DEFINITION
2.2. SCOPE OF THE STUDY
2.2.1. DEFINITION
2.2.2. RESEARCH OBJECTIVE
2.2.3. ASSUMPTIONS
2.2.4. LIMITATIONS
2.3. RESEARCH PROCESS
2.3.1. PRIMARY RESEARCH
2.3.2. SECONDARY RESEARCH
2.4. MARKET SIZE ESTIMATION
2.5. FORECAST MODEL
3. MARKET LANDSCAPE
3.1. PORTER’S FIVE FORCES ANALYSIS
3.1.1. THREAT OF NEW ENTRANTS
3.1.2. BARGAINING POWER OF BUYERS
3.1.3. THREAT OF SUBSTITUTES
3.1.4. SEGMENT RIVALRY
3.1.5. BARGAINING POWER OF BUYERS
3.2. VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4. MARKET DYNAMICS
4.1. INTRODUCTION
4.2. MARKET DRIVERS
4.3. MARKET RESTRAINTS
4.4. MARKET OPPORTUNITIES
4.5. MARKET TRENDS
5. GLOBAL OIL & GAS SENSORS MARKET, BY CONNECTIVITY
5.1. INTRODUCTION
5.2. WIRED
5.2.1. MARKET ESTIMATES & FORECAST, 2018–2023
5.2.2. MARKET ESTIMATES & FORECAST BY REGION, 2018–2023
5.3. WIRELESS
5.3.1. MARKET ESTIMATES & FORECAST, 2018–2023
5.3.2. MARKET ESTIMATES & FORECAST BY REGION, 2018–2023
6. GLOBAL OIL & GAS SENSORS MARKET, BY TYPE
Continued…
List Of Tables:
TABLE 1 GLOBAL OIL & GAS SENSORS MARKET: BY REGION, 2018–2023
TABLE 2 NORTH AMERICA: OIL & GAS SENSORS MARKET: BY COUNTRY, 2018–2023
TABLE 3 EUROPE OIL & GAS SENSORS MARKET: BY COUNTRY, 2018–2023
TABLE 4 ASIA-PACIFIC OIL & GAS SENSORS MARKET: BY COUNTRY, 2018–2023
TABLE 5 MIDDLE EAST & AFRICA OIL & GAS SENSORS MARKET: BY COUNTRY, 2018–2023
TABLE 6 SOUTH AMERICA OIL & GAS SENSORS MARKET: BY COUNTRY, 2018–2023
TABLE 7 GLOBAL OIL & GAS SENSORS MARKET, BY CONNECTIVITY, BY REGIONS, 2018–2023
TABLE 8 NORTH AMERICA: OIL & GAS SENSORS MARKET, BY CONNECTIVITY, BY COUNTRY, 2018–2023
TABLE 9 EUROPE OIL & GAS SENSORS MARKET, BY CONNECTIVITY, BY COUNTRY, 2018–2023
TABLE 10 ASIA-PACIFIC OIL & GAS SENSORS MARKET BY CONNECTIVITY, BY COUNTRY, 2018–2023
Continued…
LIST OF FIGURES:
FIGURE 1 RESEARCH PROCESS OF MRFR
FIGURE 2 TOP-DOWN & BOTTOM-UP APPROACH
FIGURE 3 MARKET DYNAMICS
FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS
FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS
FIGURE 6 PORTER’S FIVE FORCES ANALYSIS
FIGURE 7 VALUE CHAIN ANALYSIS
FIGURE 8 GLOBAL OIL & GAS SENSORS MARKET SHARE, BY CONNECTIVITY, 2017 (%)
FIGURE 9 GLOBAL OIL & GAS SENSORS MARKET, BY CONNECTIVITY, 2018–2023 (USD MILLION)
FIGURE 10 GLOBAL OIL & GAS SENSORS MARKET SHARE, BY TYPE, 2017 (%)
FIGURE 11 GLOBAL OIL & GAS SENSORS MARKET, BY TYPE, 2018–2023 (USD MILLION)
Continued…
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