Emerson (US), ABB (Switzerland), GE (US), Indutrade (Sweden) and BD Sensors (Germany) are the Renowned Players in Oil & Gas Sensors Market

According to the market report published by MarketsandMarkets(TM) "Oil & Gas Sensors Market by Type (Pressure, Level, Flow,Temperature), Connectivity (Wired, Wireless), Application (Remote Monitoring, Condition Monitoring, Analysis), Sector (Upstream, Midstream, Downstream), and Region -Global Forecast to 2023" The Oil & Gas Sensors market is expected to grow from USD 7.4 billion in 2018 to USD 9.4 billion by 2023, at a CAGR of 4.8% during the forecast period.

Browse 69 market data Tables and 42 Figures spread through 113 Pages and in-depth TOC on "Oil & Gas Sensors Market - Global Forecast to 2023"

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The major factors driving the oil & gas sensors market include growing IoT in the oil & gas industry. IoT in the oil and gas industry helps in improving operational efficiency, revenue, real-time data, and decreasing safety risk, and environmental footprint

The pressure sensors segment is expected to grow at the highest CAGR in the global oil & gas sensors market during the forecast period

The oil & gas sensors market has been segmented on the basis of sensors type into pressure sensors, flow sensors, level sensors, temperature sensors, and others. Among these types, pressure sensors is the fastest growing segment in the oil & gas sensors market as they provide accurate and reliable data to detect small changes in the pressure usually in the upstream and midstream processes.

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Wireless sensors are expected to grow at the highest CAGR in the global oil & gas sensors market during the forecast period

Wireless sensors in the oil & gas industry are installed in all upstream, midstream, and downstream processes. Wireless sensors have a growing demand as they eliminate cables, resulting in reduced installation and operating costs. Moreover, wireless sensors have a wide variety of applications in the oil & gas industry varying with different requirements and characteristics.

North America is expected to hold the largest market size in the oil & gas sensors market in the forecast period

North America is estimated to account for the largest share of the market in 2018. The region is considered the most advanced region in terms of technology adoption and infrastructure. The sensor market in the oil & gas industry would be mainly driven by the growth in unconventional resources in the US and Canada. The demand from the onshore & offshore fields in the Gulf of Mexico is also likely to positively impact the sensor market during the forecast period. All these factors are expected to drive the oil & gas sensor market in North America.

Major vendors in the oil & gas sensors market include Emerson (US), ABB (Switzerland), GE (US), Indutrade (Sweden), BD Sensors (Germany), Lord (US), MTS Sensors (US), Bosch (Germany), Rockwell (US), TE Connectivity (Switzerland), Fortive (US), and Siemens (Germany).

Honeywell focuses on innovation and development of the products for various oil & gas processes. It provides a comprehensive offering of sensors for the oil & gas industry, which help customers in achieving better energy efficiencies.

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Key Questions addressed by the report

The report identifies and addresses key markets for oil & gas sensors, which would help manufacturers review the growth in demand.
The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
The report will help key players understand the strategies of their competitors better and make better strategic decisions.
The report addresses the market share analysis of key players in oil & gas sensors market, and with the help of this companies can enhance their revenues in the respective market.
The report provides insights about emerging geographies for oil & gas sensors, and the entire market ecosystem can gain competitive advantage from such insights.

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