openPR Logo
Press release

Underwater Monitoring System for Oil and Gas Market To Touch US$1881.3 Mn by 2025

08-27-2021 02:21 PM CET | Energy & Environment

Press release from: Transparency Market Research - Energy & Mining

Albany, NY - A recent study by Transparency Market Research (TMR) suggests that in the global oil and gas sector, the underwater monitoring system market is undeniable, though the presence of a vast number of regional and country-wide vendors is keeping the competitive landscape distributed. The TMR report identifies Kongsberg Maritime, SONARDYNE, Schlumberger-OneSubea, Teledyne Marine, DSPComm, Fugro, Ocean Sonics, Mitcham Industries, and KCF Technologies as some of the key participants of the global underwater monitoring system for oil and gas market.

As per the projections of the report, the demand in the global underwater monitoring system for oil and gas market will multiply at an impressive CAGR of 6.43% during the forecast period of 2017 to 2025. The report has evaluated that the underwater monitoring system market in the oil and gas sector was worth merely US$680.0 mn in 2016, and estimates it to accumulate a valuation of US$1881.3 mn by the end of the forecast period, i.e. 2025.

It has been detected by the report that based on the type of subsea sensor, the global underwater monitoring system for oil and gas market gains maximum demand for pressure sensors and riser technology, whereas on the basis of monitoring systems, the market for acoustic sensor category is most prominent. Among the wireless sensors networks, SCADA contributed almost two-third of the demand in 2016, while frequency division multiple access (FDMA) was most in-demand communication method. Geographically, Asia Pacific leads the demand among all regions, although North America and Europe are also sustaining a strong demand-flow.

Download PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2975

Increased Offshore Explorations Driving Demand

For an offshore oil and gas operation, underwater monitoring systems are essential, constantly monitoring and ensuring the integrity of offshore or subsea installation. The use of these systems improves safety of the operation. Underwater monitoring systems is culmination of various sensors, equipment, and technologies, which gather the real time data and make it available for fast paced decision making. This is a key process in a high risk and complex environment that oil and gas industry operates under.

It has been observed that most of the existing oil reserves have approached a stage of maturity. Consequently, there is a need to locate, explore, and develop new oil reserves, which is also expected to boost the market for underwater monitoring system for oil and gas market. In addition to that, recent technological advancement has made the deep offshore reserves to be developed economically and safely. The increased number of offshore activity indicate better opportunity for underwater monitoring systems for oil and gas market. In the oil and gas industry, the underwater monitoring systems has wide range of applications in various activities right from exploration, pre installation survey/baseline studies, construction & installation to drilling, production, decommissioning and others. Subsea structure monitoring, asset integrity monitoring, underwater pipeline integrity monitoring are some of the key applications of underwater monitoring system for oil and gas market.

More Trending Reports by Transparency Market Research - https://www.prnewswire.com/news-releases/oil–gas-epc-market-to-reach-a-valuation-of-us-64-7-bn-by-2027-growth-in-ep-in-oil-and-gas-industry-boosting-growth-states-transparency-market-research-301005816.html

Environmental Concerns Opening New Opportunities

According to the author of the report, strict regulatory norms of safety increased environmental concerns are opening new opportunities for the vendors operating in the global underwater monitoring system for oil and gas market. The underwater monitoring system provides real time data about health of subsea oil and gas production installations, underwater pipeline integrity, and rig infrastructure. This real time data enhances the ability of quick and better decision making which further prevents any potential of failure of system.

The information presented in this review is based on a Transparency Market Research report, titled, “Underwater Monitoring System for Oil and Gas Market (Subsea Sensor - Pressure Sensors, Temperature Sensors, Proximity Sensors, Inclinometers, Rotation Sensors, Load Sensors for Tension and Compression, Linear Displacement Gauges, Flexible pipe systems, Riser Technology, and Pipeline type; Monitoring Systems - Acoustic Sensor Market (Underwater Vehicle, Doppler Current Profiler, Sonobuoys, and Hydrophones (Cable and Autonomous)), Wireless Sensors Networks (3G/GPRS Communication Module, RTU, and SCADA), and Satellite Radio Navigation; Communication Method - FDMA, TDMA, CDMA, and SDMA) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025.”

Request for covid19 Impact Analysis - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=2975

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

About Us

Transparency Market Research (TMR) is a 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. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

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 Underwater Monitoring System for Oil and Gas Market To Touch US$1881.3 Mn by 2025 here

News-ID: 2371306 • Views: 384

More Releases from Transparency Market Research - Energy & Mining

Wastewater Treatment Services Market – Notable Developments and Geographical O …
Albany, NY - Wastewater Treatment Services Market- Overview Large amount of wastewater is produced from households and industries that can be successfully treated for reuse and also for discharging it into the environment. Many regions in the world are going through water crisis. Wastewater treatment services can provide significant solutions to handle this situation. Rapid urbanization brought by industrialization and unprecedented population rise are inducing high demand for clean drinking
Key Drivers of Europe Distribution Transformer Market
Albany, NY - Europe Distribution Transformer Market­­­: Introduction The distribution transformer market in Europe was valued at US$ 3.5 Bn in 2019 and is anticipated to expand at a CAGR of 6.5% during the forecast period. Based on insulation, the liquid segment held dominant share of the distribution transformer market in Europe in 2019. In terms of insulation type, the replacement segment accounted for a larger share of the distribution transformer market in Europe in 2019. Power failures have been rising due to
Customized Peptide Generation Market Drivers, Restraints and Notable Development …
Albany, NY - Global Customized Peptide Generation Market: Overview Mechanical developments, expanding research exercises in the field of engineered science, developing weight of malignancy and irresistible illnesses, and expanding ventures and subsidizing for protein-based inquire about are the central point driving the customized peptide generation market development. Peptide usage in the pharmaceutical business has experienced an enormous change lately because of mechanical improvements. Prior, peptide generation was completed with the assistance of common sources,
Hybrid And Full Electric Marine Propulsion Market To Hit US$7,516.7 Mn By 2026
Albany, NY - The global hybrid and full electric marine propulsion market bears a fairly fragmented vendor landscape, says Transparency Market Research (TMR) in a recently published report. This is solely because of the existence of large, medium, and small scale players in the market. BAE Systems, Wartsilla Corporation, AB Volvo Penta, Niigata Power Systems, and Fairbanks Morse Engine are the leading companies in the global hybrid and full electric marine propulsion

All 5 Releases


More Releases for Sensor

Wheel Speed Sensor Market Growing Up By Sensor Type: Passive Sensor, Active Sens …
Acumen Research and Consulting has announced the addition of the "Wheel Speed Sensor Market” report to their offering. The Wheel Speed Sensor Market Report 2018 is an in depth study analyzing the current state of the Wheel Speed Sensor Market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on Wheel Speed Sensor Market provides analysis of China market covering
Smart Sensor Market - Transportation System Infrastructure & Aerospace Industrie …
Smart sensor market is expected to reach $15,840 million in 2023 from $4,805 million in 2016, growing at a CAGR of 18.4% from 2017 to 2023. Smart sensor have become an integral part of the aerospace and transportation industry. The robust growth in automobile sector, inclination of society towards IoT, development of smart cities, and surge in security threats are some of the major factors that drive the demand for
Global Body Sensor Market - By Type (EEG Sensor, Visual Sensor, Respiration Sens …
Market Research Reports Search Engine (MRRSE) has recently updated its massive report catalog by adding a fresh study titled “Global Body Sensor Market - Assessment Covering Growth Factors and Upcoming Trends by 2022 End”. This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2022. The report also targets important facets such as market drivers, challenges, latest trends,
Smart Wearable Fitness Devices Sensors Market to 2025 Temperature Sensor, Pressu …
The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Smart Wearable Fitness Devices Sensors by product, region and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report. This research report is equipped with the information categorizing Smart Wearable Fitness Devices
Sensor Market to Reach $ 190.95 Billion By 2022: Optical sensor, Image Sensor, T …
Industry Trend Analysis: Sensor Market is expected to experience significant growth in coming years between 2014 and 2022. The market is expected to reach $190.95 billion by 2022 at a growing CAGR of 9.14%. Increasing application in automotive application, collision prevention, healthcare monitoring and oil platforms will enhance the growth of sensor market in the upcoming years. In addition, growing application of sensors in military and surveillance, transportation and logistics will
Motion Sensor Market Revenue Forecast 2015 - 2023 Microwave Sensor, Infrared Mot …
Research report on "Motion Sensor Market (By Types - MEMS Magnetometer, MEMS Accelerometer, MEMS Gyroscope and Sensor Combos By Technology Types - Microwave Sensor, Infrared Motion Sensor, Tomographic Sensor, Ultrasonic Sensor and Others By Application Type - Industrial Application, Consumer electronics, Automotive Application, Fitness and Wellness, Healthcare, Aerospace and Defense and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023" Motion sensor is a device that