Oil & Gas Sensors Market Latest Industry Size, Growth Factors and Major Segments, Forecast Research Report, Fortune Business Insights

(The Express Wire via Comtex)

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 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 2028.” According to the report, the growing economic extraction of shale gas and downstream activities will drive the global market during the forecast period. Additionally, the development of long-distance subsea and surface pipelines for the 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:

  • Honeywell
  • Gems Sensors
  • LORD Corporation
  • Oxsensis Ltd.
  • TE Connectivity
  • Opsens Solutions
  • SGX Sensortech
  • Emerson Electric Co.
  • 3M Gas and Flame Detection
  • BEI Sensors
  • ABB
  • Pyromation
  • Smart Fibres Ltd.
  • Fafnir GmbH
  • SKF
  • Baker Hughes
  • Thermometrics Corporation
  • Siemens
  • Bosch Rexroth

Key Market Driver Modernization of the oil and gas industry

Key Market Restraint Volatile crude oil prices

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The report provides the CAGR of the market during the forecast period between 2021 to 2028. 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 the 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. The Asia Pacific and the Middle East and Africa, on the other hand, will exhibit notable growth in 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 the 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 the 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 costs, and provide active kick management. One of the sensors is extensively used in the Wyoming region for nitrogen-aerated drilling operations.

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Key Segmental Overview:

1. By Sector

  • Upstream
  • Mid-stream
  • Downstream

2. By Type

  • Pressure Sensor
  • Temperature Sensor
  • Level Sensor
  • Flow Sensor
  • Others

3. By Connectivity

  • Wired
  • Wireless

4. By Application

  • Remote Monitoring
  • Condition Monitoring
  • analysis and Simulation

5. 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)

For more information in the analysis of this report, visithttps://www.fortunebusinessinsights.com/industry-reports/oil-gas-sensors-market-100943

Major Table of Content For Oil and Gas Sensors Market:

  1. Introduction
  2. Executive Summary
  3. Market Dynamics
  4. Key Insights
  5. Global Oil and Gas Sensors Market Analysis, Insights and Forecast, 2028
  6. North America Oil and Gas Sensors Market Analysis, Insights and Forecast, 2028
  7. Europe Oil and Gas Sensors Market Analysis, Insights and Forecast, 2028
  8. Asia Pacific Oil and Gas Sensors Market Analysis, Insights and Forecast, 2028
  9. The Middle East and Africa Oil and Gas Sensors Market Analysis, Insights and Forecast, 2028
  10. Latin America Oil and Gas Sensors Market Analysis, Insights and Forecast, 2028
  11. Competitive Landscape
  12. Company Profile
  13. Conclusion

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact Analysis of coronavirus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this Market.

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