Global Sensors in Oil and Gas Market Size – By Type (Pressure Sensors, Temperature Sensors, Flow Sensors, Level Sensors, Vibration Sensors, Gas Sensors, Others), By Application (Pipeline Monitoring, Asset Management, Environmental Monitoring, Condition Monitoring, Remote Monitoring and Others), Technology (Wired and Wireless), Sector (Upstream, Midstream and Downstream) & Region – Global Forecasts 2024 - 2034
- PUBLISHED ON
- 2024-06-26
- NO OF PAGES
- 141
- CATEGORY
- Electronics & Communication
Market Overview
The Sensors in Oil and Gas market is predicted to develop at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2034, when it is projected to reach USD 17,976.43 Million in 2034, based on an average growth pattern. The market is estimated to reach a value of USD 9,924.73 Million in 2024.
SOURCE: We Market Research
The global
sensors market in the oil and gas industry is a critical component of modern
energy operations, enabling various applications from exploration and
production to refining and distribution.
The sensors market
in oil and gas has been growing steadily due to increasing automation,
digitalization, and the need for efficiency in operations. As of recent
reports, it is expected to continue expanding due to advancements in sensor
technology and the integration of IoT (Internet of Things) solutions.
The global
sensors in the oil and gas market refers to the industry segment focused on the
production, distribution, and application of various types of sensors within
the oil and gas sector. These sensors are integral components used to monitor,
control, and optimize processes across the entire value chain of oil and gas
operations.
The market is driven by factors such as increasing automation, stringent regulatory requirements for safety and environmental protection, the need for operational efficiency, and advancements in sensor technologies.
Market Scope
|
Report Attributes |
Description |
|
Market Size in 2024 |
USD 9,924.73 Million |
|
Market Forecast in 2034 |
USD 17,976.43 Million |
|
CAGR % 2024-2034 |
6.5% |
|
Base Year |
2023 |
|
Historic Data |
2016-2022 |
|
Forecast Period |
2024-2034 |
|
Report USP
|
Production, Consumption, company share, company
heatmap, company production capacity, growth factors and more |
|
Segments Covered |
By Type, By Application, By Connectivity, By Sector and By Region |
|
Regional Scope |
North America, Europe, APAC, South America and
Middle East and Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic
Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia;
Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa;
Nigeria |
Sensors in
Oil and Gas Industry: Dynamics & Restrains
Market opportunity:
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.
Sensors in Oil and Gas Segmentation
Market- By Type Analysis
By Type, the Sensors in Oil and Gas market is categories into Pressure Sensors, Temperature Sensors, Flow Sensors, Level Sensors, Vibration Sensors, Gas Sensors, and Others. Pressure Sensor segments dominate the market with the largest share, accounting for over 29% of the market in 2023. Pressure sensors are crucial in oil and gas operations for monitoring well pressure, pipeline pressures, and process pressures. They are widely used across upstream, midstream, and downstream sectors.
Further, Temperature sensors are expected to grow at a higher CAGR during the forecast period. Temperature sensors are essential for monitoring temperature variations in processes, equipment, and environments. They play a critical role in ensuring operational safety and efficiency.
The
following segments are part of an in-depth analysis of the global Sensors in
Oil and Gas market:
|
Market Segments |
|
|
By Type |
·
Pressure Sensors ·
Temperature Sensors ·
Flow Sensors ·
Level Sensors ·
Vibration Sensors ·
Gas Sensors ·
Others |
|
By Connectivity |
·
Wired ·
Wireless |
|
By Application |
·
Pipeline Monitoring ·
Asset Management ·
Environmental Monitoring ·
Condition Monitoring ·
Remote Monitoring ·
Others |
|
By Sector |
·
Upstream ·
Midstream ·
Downstream |
Sensors in Oil and Gas Industry: Regional Analysis
North America Market Forecast
North America
dominates the global Sensors in Oil and Gas market, accounting for around 35%
of the market share in 2023. North America, particularly the United States and
Canada, is a significant market for sensors in the oil and gas industry due to extensive
upstream exploration and production activities, as well as a robust midstream
and downstream sector. North America benefits from advanced technologies and a
high level of automation in oil and gas operations.
Europe Market Statistics
Europe has a
well-established oil and gas sector, focusing on both conventional and
renewable energy sources. The region emphasizes stringent environmental
regulations, driving the adoption of advanced sensor technologies. European
countries like Norway, the UK, and Germany are key players in offshore oil and
gas production and pipeline infrastructure.
Asia Pacific Market Forecasts
Asia Pacific is
experiencing significant growth in the oil and gas industry, driven by emerging
economies like China and India. The region also has substantial demand for
energy and investments in infrastructure. Countries like China, India,
Australia, and Southeast Asian nations are expanding their oil and gas
exploration and production activities, boosting the demand for sensors.
Middle East & Africa Market Statistics
MEA is a major
hub for oil and gas production, with countries like Saudi Arabia, UAE, Qatar,
and Nigeria being prominent players in the global energy market. The region has
extensive upstream operations and significant investments in downstream
infrastructure. MEA benefits from large-scale oil reserves, advanced extraction
technologies, and ongoing investments in oil and gas projects.
Key Market Players
The Sensors in Oil and Gas Market is dominated by a
few large companies, such as
·
Honeywell International Inc
·
AMADA HOLDINGS CO., LTD.
·
TE Connectivity Ltd
·
Robert Bosch GmbH
·
ABB Ltd
·
Siemens AG
·
Emerson
·
Rockwell Automation
·
Fortive
·
General Electric
·
iot squared
·
Fluke Corporation
· Yokogawa Electric Corporation
· Other
1.
Global
Sensors in Oil and Gas Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global Sensors in Oil and Gas
Market Scope and Market Estimation
1.2.1. Global Sensors in Oil and Gas Overall
Market Size (US$ Bn), Market CAGR (%), Market forecast (2024 - 2034)
1.2.2. Global Sensors in Oil and Gas
Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2034
1.3. Market Segmentation
1.3.1. Type of Global Sensors in Oil
and Gas Market
1.3.2. Connectivity of Global Sensors
in Oil and Gas Market
1.3.3. Application of Global Sensors in
Oil and Gas Market
1.3.4. Sector of Global Sensors in Oil
and Gas Market
1.3.5. Region of Global Sensors in Oil
and Gas Market
2.
Executive Summary
2.1. Demand Side Trends
2.2. Key Market Trends
2.3. Market Demand (US$ Bn) Analysis
2019 – 2023 and Forecast, 2024 – 2034
2.4. Demand and Opportunity
Assessment
2.5. Demand Supply Scenario
2.6. Market Dynamics
2.6.1. Drivers
2.6.2. Limitations
2.6.3. Opportunities
2.6.4. Impact Analysis of Drivers and
Restraints
2.7. Pricing Trends Analysis
2.8. Overview of Technology Developments
2.9. Porter’s Five Forces Analysis
2.9.1. Bargaining Power of Suppliers
2.9.2. Bargaining Power of Buyers
2.9.3. Threat of Substitutes
2.9.4. Threat of New Entrants
2.9.5. Competitive Rivalry
2.10. PEST Analysis
2.10.1. Political Factors
2.10.2. Economic Factors
2.10.3. Social Factors
2.10.4. Technology Factors
2.11. Value Chain / Ecosystem Analysis
2.12. Key Regulation
3.
Global Sensors in Oil and Gas
Market Estimates & Historical Trend
Analysis (2019 - 2023)
4.
Global Sensors in Oil and Gas
Market Estimates & Forecast Trend
Analysis, by Type
4.1. Global Sensors in Oil and Gas
Market Revenue (US$ Bn) Estimates and Forecasts, by Type, 2019 - 2034
4.1.1. Pressure Sensors
4.1.2. Temperature Sensors
4.1.3. Flow Sensors
4.1.4. Level Sensors
4.1.5. Vibration Sensors
4.1.6. Gas Sensors
4.1.7. Others
5.
Global Sensors in Oil and Gas
Market Estimates & Forecast Trend
Analysis, by Connectivity
5.1. Global Sensors in Oil and Gas
Market Revenue (US$ Bn) Estimates and Forecasts, by Connectivity, 2019 - 2034
5.1.1. Wired
5.1.2. Wireless
6.
Global Sensors in Oil and Gas
Market Estimates & Forecast Trend
Analysis, by Application
6.1. Global Sensors in Oil and Gas
Market Revenue (US$ Bn) Estimates and Forecasts, by Application, 2019 - 2034
6.1.1. Pipeline Monitoring
6.1.2. Asset Management
6.1.3. Environmental Monitoring
6.1.4. Condition Monitoring
6.1.5. Remote Monitoring
6.1.6. Others
7.
Global Sensors in Oil and Gas
Market Estimates & Forecast Trend
Analysis, by Sector
7.1. Global Sensors in Oil and Gas
Market Revenue (US$ Bn) Estimates and Forecasts, by Sector, 2019 - 2034
7.1.1.Upstream
7.1.2.Midstream
7.1.3. Downstream
8.
Global Sensors in Oil and Gas
Market Estimates & Forecast Trend
Analysis, by Region
8.1. Global Sensors in Oil and Gas
Market Revenue (US$ Bn) Estimates and Forecasts, by Region, 2019 - 2034
8.1.1. North America
8.1.2. Eastern Europe
8.1.3. Western Europe
8.1.4. Asia Pacific
8.1.5. Middle East & Africa
8.1.6. Latin America
9.
North
America Sensors in Oil and Gas Market: Estimates & Forecast Trend Analysis
9.1.
North
America Sensors in Oil and Gas Market Assessments & Key Findings
9.1.1. North America Sensors in Oil and
Gas Market Introduction
9.1.2. North America Sensors in Oil and
Gas Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
9.1.2.1. By Type
9.1.2.2. By Connectivity
9.1.2.3. By Application
9.1.2.4. By Sector
9.1.2.5. By Country
9.1.2.5.1. The U.S.
9.1.2.5.2. Canada
9.1.2.5.3. Mexico
10. Western Europe Sensors
in Oil and Gas Market: Estimates &
Forecast Trend Analysis
10.1. Western Europe Sensors in Oil
and Gas Market Assessments & Key Findings
10.1.1. Western Europe Sensors in Oil
and Gas Market Introduction
10.1.2. Western Europe Sensors in Oil
and Gas Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
10.1.2.1. By Type
10.1.2.2. By Connectivity
10.1.2.3. By Application
10.1.2.4. By Sector
10.1.2.5. By Country
10.1.2.5.1.
Germany
10.1.2.5.2.
Italy
10.1.2.5.3.
U.K.
10.1.2.5.4.
France
10.1.2.5.5.
Spain
10.1.2.5.6.
Benelux
10.1.2.5.7.
Nordics
10.1.2.5.8. Rest
of W. Europe
11. Eastern Europe Sensors
in Oil and Gas Market: Estimates &
Forecast Trend Analysis
11.1. Eastern Europe Sensors in Oil
and Gas Market Assessments & Key Findings
11.1.1. Eastern Europe Sensors in Oil
and Gas Market Introduction
11.1.2. Eastern Europe Sensors in Oil
and Gas Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
11.1.2.1. By Type
11.1.2.2. By Connectivity
11.1.2.3. By Application
11.1.2.4. By Sector
11.1.2.5. By Country
11.1.2.5.1.
Russia
11.1.2.5.2.
Hungary
11.1.2.5.3.
Poland
11.1.2.5.4.
Balkan & Baltics
11.1.2.5.5. Rest of E. Europe
12. Asia Pacific Sensors
in Oil and Gas Market: Estimates &
Forecast Trend Analysis
12.1. Asia Pacific Market Assessments
& Key Findings
12.1.1. Asia Pacific Sensors in Oil and
Gas Market Introduction
12.1.2. Asia Pacific Sensors in Oil and
Gas Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
12.1.2.1. By Type
12.1.2.2. By Connectivity
12.1.2.3. By Application
12.1.2.4. By Sector
12.1.2.5. By Country
12.1.2.5.1. China
12.1.2.5.2. Japan
12.1.2.5.3. India
12.1.2.5.4. Australia & New Zealand
12.1.2.5.5. South Korea
12.1.2.5.6. ASEAN
12.1.2.5.7. Rest of Asia Pacific
13. Middle East & Africa Sensors
in Oil and Gas Market: Estimates &
Forecast Trend Analysis
13.1. Middle East & Africa Market
Assessments & Key Findings
13.1.1. Middle
East & Africa Sensors
in Oil and Gas Market Introduction
13.1.2. Middle
East & Africa Sensors
in Oil and Gas Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
13.1.2.1. By Type
13.1.2.2. By Connectivity
13.1.2.3. By Application
13.1.2.4. By Sector
13.1.2.5. By Country
13.1.2.5.1. UAE
13.1.2.5.2. Saudi
Arabia
13.1.2.5.3. Turkey
13.1.2.5.4. South
Africa
13.1.2.5.5. Rest of
MEA
14. Latin America
Sensors in Oil and Gas Market:
Estimates & Forecast Trend Analysis
14.1. Latin America Market Assessments
& Key Findings
14.1.1. Latin America Sensors in Oil and
Gas Market Introduction
14.1.2. Latin America Sensors in Oil and
Gas Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
14.1.2.1. By Type
14.1.2.2. By Connectivity
14.1.2.3. By Application
14.1.2.4. By Sector
14.1.2.5. By Country
14.1.2.5.1. Brazil
14.1.2.5.2. Argentina
14.1.2.5.3. Colombia
14.1.2.5.4. Rest of
LATAM
15. Country Wise Market:
Introduction
16. Competition Landscape
16.1. Global Sensors in Oil and Gas
Market Product Mapping
16.2. Global Sensors in Oil and Gas Market
Concentration Analysis, by Leading Players / Innovators / Emerging Players /
New Entrants
16.3. Global Sensors in Oil and Gas
Market Tier Structure Analysis
16.4. Global Sensors in Oil and Gas
Market Concentration & Company Market Shares (%) Analysis, 2023
17. Company Profiles
17.1.
Honeywell International Inc
17.1.1. Company Overview & Key Stats
17.1.2. Financial Performance & KPIs
17.1.3. Product Portfolio
17.1.4. SWOT Analysis
17.1.5. Business Strategy & Recent
Developments
* Similar details would be provided
for all the players mentioned below
17.2. TE
Connectivity Ltd
17.3. Robert Bosch
GmbH
17.4. ABB Ltd
17.5. Siemens AG
17.6. Emerson
17.7. Rockwell Automation
17.8. Fortive
17.9. General
Electric
17.10. iot squared
17.11. Fluke
Corporation
17.12. Yokogawa
Electric Corporation
17.13. Others
18. Research
Methodology
18.1. External Transportations /
Databases
18.2. Internal Proprietary Database
18.3. Primary Research
18.4. Secondary Research
18.5. Assumptions
18.6. Limitations
18.7. Report FAQs
19. Research Findings & Conclusion
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Frequently Asked Questions
What is the market size of Sensors in Oil and Gas Market in 2024?
Sensors in Oil and Gas Market was valued at USD 9,924.73 Million in 2024.
What is the growth rate for the Sensors in Oil and Gas Market?
Sensors in Oil and Gas Market size will increase at approximate CAGR of 6.5% during the forecasted period.
Which are the top companies operating within the market?
Major companies operating within the market are Honeywell International Inc, AMADA HOLDINGS CO., LTD., TE Connectivity Ltd, Robert Bosch GmbH, ABB Ltd, Siemens AG, Emerson, Rockwell Automation, Fortive, General Electric, iot squared, Fluke Corporation, Yokogawa Electric Corporation and others.
Which region dominates the Sensors in Oil and Gas Market?
North America dominates the market with an active share of 35%.
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