Oil & Gas Sensors Market, By Type (Pressure, Level, Flow, Temperature), By Connectivity (Wired, Wireless), By Application (Remote Monitoring, Condition Monitoring, Analysis), By Sector (Upstream, Midstream, Downstream), and By Region (North America, Latin America, Europe, Middle East, Asia Pacific, and Africa) - Trends, Analysis and Forecast 2030

Report Code: PMI29719 | Publish Date: December 2023 | No. of Pages: 168

Global Oil Gas Sensors Market Overview

Sensors are critical components in today's oil and gas sector, and they're used in a variety of upstream, middle, and downstream applications. The oil and gas sector relies significantly on its pipelines and equipment to operate efficiently and consistently. Vibration and pressure changes that go unnoticed cause damage to wells, pipelines, and reciprocating machinery, resulting in unplanned downtime and catastrophic loss. As a result, oil and gas sensors are frequently utilised for measurement, control, and monitoring. Rising demand for sensors as a result of increased refining capacity, increased usage of ultrasonic sensors, and increased IoT in the oil and gas industry are all driving the growth of the oil and gas sensors market. The Global Oil and Gas Sensor Market accounted for US$ 8.03 billion in 2020 and is estimated to be US$ 12.40 billion by 2030 and is anticipated to register a CAGR of 4.50%.

Global Oil Gas Sensors Market Dynamics

Rising adoption of IIoT (Industrial Internet of Things) sensors in the oil and gas industry

The necessity to cut costs is driving the deployment of IIoT (Industrial Internet of Things) sensors in the oil and gas industry. Because of technological developments and easy assembling alternatives that sensor manufacturers provide to end users, installing these sensors not only takes less time but also costs less.

Significant adjustments and difficult decisions are being driven by the present oil price situation across the oil and gas industry. To respond to short- and mid-term market supply and demand variations, new operating models and strategies that improve CAPEX and OPEX are required. One of the highest considerations is the long-term need for sustainable solutions that improve safety and environmental performance. Sensors are used to help operators achieve a unique balance across a spectrum of upstream, midstream, and downstream technological innovations and solutions, from the drill pad to the refinery.

Sensor makers are increasingly designing sensors that are simple to assemble. The competition among major producers of sensors and service providers of IoT products is rising as a result of technological improvements, promoting the adoption of these sensors in the oil and gas industry.

In addition, there is a skilled labour shortage in the oil and gas business. Oil and gas businesses have found it difficult to hire new staff with the technical abilities needed to work on new energy sources due to a scarcity of expertise.

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Global Oil Gas Sensors Market Segmentation

 

Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.

The global oil & gas sensors market has been segmented on the basis of type, connectivity, application, sector, and region.

The type segment includes pressure, level, flow, temperature. The connectivity segment is further sub segmented into wired and wireless. The application segment is further sub segmented into remote monitoring, condition monitoring, and analysis. The sector segment is further sub segmented into upstream, midstream, and downstream.

Regional Insights:

 

Source: Prophecy Market Insights

On region the Global Oil and Gas Sensor Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. During the forecast period, Europe is expected to dominate the market Europe has fewer oil and gas rigs than main producers in the United States and the Middle East. To make matters worse, oil production in the European Union has dropped dramatically in recent years. Since 2016, the region's oil output has been falling at a rate of 1.2 percent per year. According to the most recent data from the IOGP (International Association of Oil and Gas Producers), a succession of successful licencing rounds and prospective discoveries have sent a wave of excitement across the industry.

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Report Scope:

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2030

Market representation

Revenue in USD Million & CAGR from 2020 – 2029

Market Segmentation

By Type- Pressure, Level, Flow, Temperature

By Application– Remote Monitoring, Condition Monitoring, Analysis

By Connectivity- Wired, Wireless

By Sector- Upstream, Midstream, Downstream

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the Global Oil and Gas Sensor Market report based on type, application, connectivity, sensor and region.

Global Oil and Gas Sensor Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global Oil Gas Sensors Market Key Players

Key players operating in the global oil & gas sensors market includes Honeywell, Emerson, Lord, Siemens, ABB Ltd, Fortive, Rockwell, Indutrade, MTS Sensor Technology GmbH & Co. Kg, and General Electric (GE). Siemens announced a new generation temperature transmitter in May 2018 for a variety of sensor types that can offer data in temperatures as low as -5 degrees Celsius. Both SITRANS TH420 and TR420 sensors use a four-wire connection to improve data accuracy and dependability.

ABB expanded its operations network in March 2018 by opening a new collaborative operations centre in Norway for the oil, gas, and chemical industries.

Global Oil Gas Sensors Market Company Profile

  • Honeywell
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Emerson
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Siemens
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • ABB Ltd
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Fortive
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Rockwell
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

Global Oil Gas Sensors Market Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Type
    • Market Snippet, By Connectivity
    • Market Snippet, By Application
    • Market Snippet, By Sector
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Oil & Gas Sensors Market, By Type, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Pressure
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Level
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Flow
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Temperature
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Oil & Gas Sensors Market, By Connectivity, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Wired
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Wireless
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Oil & Gas Sensors Market, By Application, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Remote Monitoring
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Condition Monitoring
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Analysis
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Oil & Gas Sensors Market, By Sector, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Upstream
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Midstream
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Downstream
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Oil & Gas Sensors Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Connectivity , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Sector , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Connectivity , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Sector , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Connectivity , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Sector , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Connectivity , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Sector , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America

 

  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Connectivity , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Sector , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • Honeywell
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Emerson
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Lord
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Siemens
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • ABB Ltd
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Fortive.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Rockwell
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Indutrade
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • MTS Sensor Technology GmbH & Co. Kg
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • General Electric (GE).
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

Global Oil and Gas Sensor Market is segmented based on type, application, connectivity, sensor and region.

Rising adoption of IIoT (Industrial Internet of Things) sensors in the oil and gas industry is major factor driving the market.

During the forecast period, Europe is expected to dominate the market.

Key players operating in the global oil & gas sensors market includes Honeywell, Emerson, Lord, Siemens, ABB Ltd, Fortive, Rockwell, Indutrade, MTS Sensor Technology GmbH & Co. Kg, and General Electric (GE).