Oil & Gas Sensors Market Size, Key Analysis And Comprehensive Growth Forecast Till 2026 | Fortune Business Insights
The global oil and gas sensors market is projected to gain momentum from an urgent need for up-gradation, refurbishment, and modernization of the oil and gas industry. This information is published in an upcoming report by Fortune Business Insights, titled, “Oil and Gas Sensors Market Size, Share and Global Trend By Sector (Upstream, Mid-stream, Downstream), By Type (Pressure Sensor, Temperature Sensor, Level Sensor, Flow Sensor, Others), By Connectivity (Wired, Wireless), By Application (Remote Monitoring, Condition Monitoring, Analysis and Simulation) and Geography Forecast till 2026.” According to the report, growing economic extraction of shale gas and downstream activities will drive the global market during the forecast period. Additionally, development of long-distance subsea and surface pipelines for transportation of crude and natural oil is projected to affect the market positively.
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Fortune Business Insights lists out all the major market players operating in the global oil and gas sensors market. They are as follows:
- Gems Sensors
- LORD Corporation
- Oxsensis Ltd.
- TE Connectivity
- Opsens Solutions
- SGX Sensortech
- Emerson Electric Co.
- 3M Gas and Flame Detection
- BEI Sensors
- Smart Fibres Ltd.
- Fafnir GmbH
- Baker Hughes
- Thermometrics Corporation
- Bosch Rexroth
Key Market Driver Modernization of oil and gas industry
Key Market Restraint Volatile crude oil prices
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The report provides CAGR of the market during the forecast period between 2019 to 2026. It highlights the oil and gas sensors market trends, hindrances, key industry developments, challenges, and growth drivers. Highly accurate predictions on the changes in consumer behavior are also provided in the report. Combined with this, it offers comprehensive details on the competitive landscape of the market.
Development of Affordable Shale Gas Exploration Technology to Favor Growth in North America
Geographically, the global oil and gas sensors market is categorized into Asia Pacific, the Middle East and Africa, North America, Latin America, and Europe. Amongst these regions, North America is anticipated to influence the market positively owing to the ongoing development of cost-effective shale gas extraction and exploration technology. Newly proposed pipelines, as well as refurbishment and up-gradation of traditional oil and gas pipelines, will contribute to the growth of oil and gas sensors market size in North America and Europe. Asia Pacific and the Middle East and Africa, on the other hand, will exhibit notable growth of the market due to newly planned pipelines. It will further increase the adoption of sensors in mid-stream sectors. In developing countries, such as China and India, a rise in petroleum refining activities will increase the utilization of sensors in downstream market.
Emerson Completes Acquisition of Zedi’s Automation and Software Businesses
Emerson, a multinational corporation headquartered in the U.S., declared that it has completed the acquisition of Zedi’s automation and software businesses. Zedi, Inc. is a privately held information technology and services company, based in Canada. The addition to the latter’s cloud supervisory control and data acquisition (SCADA) platform will enable Emerson to aid oil and gas producers in boosting production and lowering operational costs through cloud-based optimization, monitoring, and control. Emerson stated that demand for energy is constantly growing around the world. Therefore, the company is focusing more on helping its consumers to maximize their resources. It has a wide range of products under automation technology section and it is working persistently to support the industry in navigating the ever-changing operational challenges and market dynamics. The addition of Zedi’s software and automation businesses will strengthen Emerson’s ability to provide its consumers the most advanced products from the field to the refinery.
Weir Oil and Gas Produces Intelligent Mud Gas Sensors to Maximize Safety
Weir Oil and Gas, a creator of innovative engineering solutions for power and industry, oil and gas, and minerals market, announced that it has achieved notable success in the field with the aid of intelligent sensors. These intelligent sensors are developed to faultlessly communicate mud gas-liquid levels to maximize safety and prevent overflows in real-time situations. They lower non-productive time, reduce cleanup cost, and provide active kick management. One of the sensors is extensively used in Wyoming region for nitrogen-aerated drilling operation.
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Key Segmental Overview:
- By Sector
- By Type
- Pressure Sensor
- Temperature Sensor
- Level Sensor
- Flow Sensor
- By Connectivity
- By Application
- Remote Monitoring
- Condition Monitoring
- Analysis and Simulation
- By Geography
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain and Rest of Europe)
- Asia Pacific (China, India, Japan, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East and Africa (GCC, South Africa, and Rest of the Middle East and Africa)
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Major Table of Content ForOil and Gas SensorsMarket:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Oil and Gas Sensors Market Analysis, Insights and Forecast, 2026
- North America Oil and Gas Sensors Market Analysis, Insights and Forecast, 2026
- Europe Oil and Gas Sensors Market Analysis, Insights and Forecast, 2026
- Asia Pacific Oil and Gas Sensors Market Analysis, Insights and Forecast, 2026
- The Middle East and Africa Oil and Gas Sensors Market Analysis, Insights and Forecast, 2026
- Latin America Oil and Gas Sensors Market Analysis, Insights and Forecast, 2026
- Competitive Landscape
- Company Profile
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