openPR Logo
Press release

Understanding Impact of COVID-19 on Smart Wearables Market

08-13-2020 12:57 PM CET | Energy & Environment

Press release from: Transparency Market Research

smart wearables Market

smart wearables Market

Smart Wearables Market for Oil & Gas Industry: Introduction

The global smart wearables market for oil & gas industry was valued at ~US$ 2.3 Bn in 2018 and is anticipated to expand at a CAGR of ~12% during the forecast period. Among device types, the smart watches segment held a dominant share of the global smart wearables market for oil & gas industry in 2018, primarily due to various qualities of smart watches. Among applications, the upstream segment constituted a significant share of the global smart wearables market for oil & gas industry in 2018, owing to the high risk factor associated with working in the upstream process. Upstream locations are remote and isolated, wherein use of smart wearables can avoid major accidents, owing to their predictive analytics properties. Hence, the demand for smart wearables is expected to increase in the upstream segment during the forecast period.

Request PDF Brochure : https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=72990

Key Drivers of Smart Wearables Market for Oil & Gas Industry

After the 2014 fall in prices of crude oil and natural gas, investments in the global oil & gas industry dropped significantly in 2015. However, after 2016, investments have been increasing gradually, due to steady demand for oil and gas products worldwide. Spending on oil and gas exploration rose by 20% in 2018, as 140 new reserves of oil and gas were discovered. The total estimate for discovered resources was around 9 billion barrels of oil equivalent in 2018, which was 10 billion barrels of oil equivalent in 2017. In these, offshore discoveries were prominent with 70% share of the volumes found, while gas resources accounted for about 40% share.

REQUEST FOR COVID19 IMPACT ANALYSIS : https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=72990

North America to Lead Smart Wearables Market for Oil & Gas Industry

North America dominated the global smart wearables market for oil & gas industry in 2018 and the trend is expected to continue during the forecast period, owing to significant implementation of AI- and IoT-based systems in the oil and & gas industry in the region. Demand for smart wearables is expected to be high in the region during the forecast period. The smart wearables market for oil & gas industry in North America is estimated to expand considerably during the forecast period, led by the significant development of oil and gas infrastructure in the region. The U.S. accounted for a leading share of the smart wearables market for oil & gas industry in North America in 2018.

Explore Transparency Market Research’s award-winning coverage of the global Industry:
https://www.prnewswire.com/news-releases/increasing-preference-towards-high-protein-diet-that-is-ready-to-go-is-fueling-growth-of-global-meat-extract-market-valuation-to-reach-us-2-5-bn-by-2029--transparency-market-research-301003674.html

Competition Landscape

The global smart wearables market for oil & gas industry is led by multinational players. Prominent players functioning in the global smart wearables market for oil & gas industry are Honeywell International Inc., TOSHIBA CORPORATION, 3M, Alphabet Inc., Apple Inc., SAMSUNG ELECTRONICS CO., LTD, and FUJITSU

Global Smart Wearables Market for Oil & Gas Industry: Segmentation

Smart Wearables Market for Oil & Gas Industry, by Device Type

Smart Eyewear
Virtual Reality Headsets
Smart Helmets
Sensors Embedded in Clothing
Smart Watches
Others

Smart Wearables Market for Oil & Gas Industry, by Application

Downstream
Upstream

Contact Us

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

About Us:

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Understanding Impact of COVID-19 on Smart Wearables Market here

News-ID: 2111720 • Views:

More Releases from Transparency Market Research

Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights for the USD 15.9 Bn Market 2022-2031
Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights f …
The global handheld marijuana vaporizer market has witnessed remarkable growth in recent years, attributed to the increasing acceptance of medicinal marijuana and the demand for convenient and discreet consumption methods. Valued at US$ 5 billion in 2021, the market is projected to surge at a CAGR of 13.4% to reach US$ 15.9 billion by 2031. This article delves into the factors driving this growth, the evolving market landscape, and the
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And Competitors
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And …
The COVID-19 pandemic has precipitated a remarkable surge in the demand for disinfectant products, with a notable emphasis on disinfectant wipes as an essential tool in maintaining hygiene and preventing the spread of pathogens. This research report delves into the multifaceted landscape of the disinfectant wipes market, elucidating key trends, drivers, and innovations shaping the industry. 𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=70359 Key Players and Market Developments Key players
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Study
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Stud …
The global 𝐭𝐢𝐬𝐬𝐮𝐞 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 reached a value of US$ 1,056.4 million in 2017 and is projected to nearly triple to US$ 2,903.3 million by 2026, with a robust Compound Annual Growth Rate (CAGR) of approximately 12.0% from 2018 to 2026. Factors such as increasing awareness about tissue donation, technological advancements, and a growing target patient population are anticipated to propel market growth during this period. Moreover, the market is expected
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
This report by Transparency Market Research, Inc. assesses the present state and future growth potential of the global 𝐯𝐚𝐬𝐜𝐮𝐥𝐚𝐫 𝐜𝐥𝐨𝐬𝐮𝐫𝐞 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭. It features a comprehensive executive summary, offering insights into various segments of the market. Additionally, the report provides detailed analysis and data on product, access type, application, end user, and regional segments within the global market. Vascular closure devices is estimated to reach a value of ~US$ 1 Bn

All 5 Releases


More Releases for Smart

Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT
Survey Report on Smart Kitchen Appliances Market 2018: Smart Refrigerator, Smart …
The report analyzes and presents an overview on "Global Smart Kitchen Appliances Market Professional Survey Report 2018" worldwide. This report studies Smart Kitchen Appliances in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2013 to 2018, and forecast to 2025. The study objectives of this report are: To study and forecast the market size of Smart
IoT Device Management Market Analysis by Application - Smart Manufacturing, Smar …
IoT device management comprises of multiple operating systems and several varieties of communication methods and protocols targeted at conducting smooth functioning of smart devices. The service of IoT device management has become vital for the business sector in recent years due to the rising use of remote operation in a number of industries and the subsequent need to manage the operation of the devices. The global IoT device management market is
SMART SHIPS NEED SMART REGISTRIES
The shipping world needs to wake up and embrace the philosophy of smart shipping because it is already here and the downturn in the world economy is not going to last forever, according to Panos Kirnidis, CEO of the Palau International Ship Registry. “The maritime industry knows that smart ships and smart technology is the way forward and yet there seems to be reluctance on the part of some owners to
Smart Kitchen Appliances Market : Smart Refrigerators, Smart Dishwashers, Smart …
Albany, New York, July 20, 2017 : Recent research and the current scenario as well as future market potential of "Smart Kitchen Appliances Market (Products - Smart Refrigerators, Smart Dishwashers, Smart Ovens, Smart Cookware and Cooktops, Smart Scales and Thermometers and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022" globally. Smart kitchen appliances are premium appliances that are designed for comfortable and efficient operation as