Press release
Oil And Gas Measuring Instrumentation Industry to See Robust Expansion, Valued at $26.92 Billion by 2029
Oil And Gas Measuring Instrumentation Market
What Is the Projected CAGR for the Oil And Gas Measuring Instrumentation Market from 2024 to 2025?
The steady expansion of the oil and gas measurement instrument market has been observed in the last few years. Expected to climb from $21.87 billion in 2024 to $22.94 billion in 2025, it boasts a compound annual growth rate (CAGR) of 4.9%. Factors responsible for the growth during the historic period include surged oil and gas requirements, heightened demand for petroleum goods, environmental regulatory policies, rising activities in shale gas exploration and extraction, as well as the replacement of antiquated oil platforms.
What are the Expected Market Size and CAGR for Oil And Gas Measuring Instrumentation by 2029?
The market for measuring instruments in the oil and gas sector is anticipated to undergo consistent expansion in the coming years, potentially reaching a value of $26.92 billion in 2029 with a compound annual growth rate (CAGR) of 4.1%. Factors contributing to this upward trend during the projected period include swift industrialization, growing offshore and deepwater operations, heightened emphasis on maintenance cost reduction, and rising requests for portable gas measuring devices, along with an increase in oil production. Key trends to observe within this forecast period include advancements in extraction and production methods, breakthroughs in artificial intelligence (AI) and machine learning (ML), improvements in drilling technologies, sophisticated analytics, and the incorporation of wireless and remote monitoring technologies.
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/oil-and-gas-measuring-instrumentation-global-market-report
Which Factors Are Driving the Global Oil And Gas Measuring Instrumentation Market Expansion?
The escalation in oil and gas exploration endeavors is anticipated to fuel the expansion of the oil and gas measuring instrumentation market. The process of oil and gas exploration involves spotting potential drilling and extraction sites using various techniques including seismic prospecting and magnetometric prospecting, among others, to unearth fresh oil and gas deposits. Oil and gas measuring tools are critical for these exploration tasks as they present precise statistics on reservoir properties, facilitating an effective assessment and improvement of extraction methods. For example, in February 2024, World Oil reported that a company from the U.S. involved in the recycling, production, and transportation of crucial petroleum-based and associated substances achieved a record-breaking U.S. crude production of 12.93 million barrels a day in 2023, marking an 8.8% rise from 2022, primarily brought about by the finalization of an accumulation of drilled but uncompleted wells (DUCs) in major shale regions. Consequently, the escalating oil and gas exploration endeavors are steering the oil and gas measuring instrumentation market's growth.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14443&type=smp
Which Segment Currently Holds the Largest Share of the Oil And Gas Measuring Instrumentation Market?
The oil and gas measuring instrumentation market covered in this report is segmented -
1) By Type: Stationary Measuring Instrumentation, Portable Measuring Instrumentation, Other Types
2) By Process: Upstream Process, Midstream Process, Downstream Process
3) By Application: Oil Industry, Gas Industry, Other Applications
Subsegments:
1) By Stationary Measuring Instrumentation: Flow Meters, Pressure Sensors, Level Gauges, Temperature Sensors, Gas Analyzers
2) By Portable Measuring Instrumentation: Portable Gas Detectors, Handheld Flow Meters, Portable Pressure Gauges, Portable Temperature Meters
3) By Other Types: Density Meters, Vibration Sensors, Ultrasonic Sensors, Environmental Monitoring Instruments
Which Major Trends Are Shaping the Future of the Oil And Gas Measuring Instrumentation Industry?
In the oil and gas measuring instrumentation market, key industry players are creating new, advanced tools, such as the methane point instrument, to broaden their product offerings. This self-set methane monitoring system, specifically designed for the oil and gas industry, incorporates IoT sensors for exact emission detection and calculation. The methane point instrument, for instance, was introduced by Schlumberger NV, a US-based oilfield service company, in October 2023. The distinguishing features of this instrument include superior leak detection sensitivity, compact design, durability, 'plug-and-play' practicality, as well as equipped with a solar panel, wind measurement functionality, and methane sensing. It can be conveniently installed in any infrastructure at a low cost. This technology is compliant with the recording obligations of the oil and gas methane partnership 2.0 (OGMP) and aligns with the suggested US EPA regulations for methane.
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=14443&type=smp
Which Key Players Dominate the Oil And Gas Measuring Instrumentation Industry Globally?
Major companies operating in the oil and gas measuring instrumentation market are Siemens AG, General Electric Company, Honeywell International Inc., Danaher Corporation, ABB Ltd., Schlumberger NV, Emerson Electric Co., Sika AG, Agilent Technologies Inc., Ametek Inc., Yokogawa Electric Corporation, Endress+Hauser Group AG, Krohne Messtechnik GmbH, Oxford Instruments PLC, Process Sensing Technologies Ltd., Berthold Technologies GmbH & Co.KG, WIKA Alexander Wiegand SE & Co. KG, TEGAM Inc., Noshok Inc., ABLE Instruments & Controls Ltd., Chandler Instruments Company LLC, Control Instruments Corp., NORIS Group GmbH, Nova Analytical Systems, Bourdon Instruments
What Are the Fastest-Growing Regions in the Oil And Gas Measuring Instrumentation Market?
North America was the largest region in the oil and gas measuring instrumentation market in 2024. The regions covered in the oil and gas measuring instrumentation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
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 Oil And Gas Measuring Instrumentation Industry to See Robust Expansion, Valued at $26.92 Billion by 2029 here
News-ID: 4283673 • Views: …
More Releases from The Business Research Company
Trends in Growth, Segment Analysis, and Competitive Strategies Influencing the M …
The meal replacement market is gaining significant momentum as consumer preferences shift toward convenient and health-focused nutrition solutions. With rising awareness about preventive healthcare and personalized diets, this sector is set for considerable expansion. Let's explore how the market size is expected to evolve, who the key players are, emerging trends, and the main segments driving this growth.
Projected Growth Trajectory of the Meal Replacement Market Size
The meal replacement…
Leading Companies Reinforcing Their Presence in the Malted Barley Market
The malted barley industry is positioned for steady expansion as demand grows across various sectors. With increasing interest from craft brewers and functional food producers, this market is set to experience meaningful growth driven by innovation and sustainability efforts. Let's dive into the current market size, key players shaping the industry, trends influencing its trajectory, and detailed segment insights.
Projected Market Size and Growth Outlook of the Malted Barley Market …
Future Perspective: Key Trends Shaping the Low-calorie Food Market up to 2030
The low-calorie food market is poised for significant expansion as consumer preferences shift toward healthier eating habits and more personalized nutrition options. Advances in product innovation and supportive regulatory frameworks are expected to drive rapid growth over the coming years. Here's an overview of the market size, key players, emerging trends, and segmentation shaping this evolving industry.
Projected Expansion of the Low-calorie Food Market Size Through 2030
The low-calorie food…
Competitive Landscape: Leading Companies and New Entrants in the Liquid Nutritio …
The liquid nutritional supplement sector is on the rise, driven by evolving consumer preferences and innovations in health and wellness. With growing awareness about personalized nutrition and preventive healthcare, this market is set to witness substantial growth over the coming years. Let's explore the market's projected size, major players, emerging trends, and key segments shaping this dynamic industry.
Projected Market Value and Growth Trajectory of the Liquid Nutritional Supplement Market …
More Releases for Measuring
Intra Compartmental Pressure Measuring Systems Market - Measuring Pressure, Ensu …
Newark, New Castle, USA: The "Intra Compartmental Pressure Measuring Systems Market" provides a value chain analysis of revenue for the anticipated period from 2023 to 2031. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors.
Intra Compartmental Pressure Measuring Systems Market: https://www.growthplusreports.com/report/intra-compartmental-pressure-measuring-systems-market/8526
This latest report…
Employee Engagement Survey, Measuring Employee Morale Survey, Measuring Employee …
Employees surveys are an efficient tool to understand the mood and concerns of employees, essentially throughout these challenging times. Surveys support organizations uncover the problems that impact the engagement and productivity, and when done accurately, deliver the critical data that can be leveraged to advance the company culture.
At Ken Research, the Employee Engagement Survey deliver workers the opportunity to anonymously voice concerns they may otherwise have circumvented bringing up, owing…
Measuring Employee Morale Survey, Customer Engagement Survey, Measuring Employee …
Today than ever before, the customer satisfaction is more essential. Provided the large number of choices customers have in almost every market, entities that listen to their customers have a distinct benefit. A Customer Satisfaction Survey is an invaluable tool for both small business owners and large entities. Customer Satisfaction Survey Questions can help determine how consumers are feeling about an organization’s customer service, products, web experience and services. They…
Customer Engagement Survey, Employee Strategic Alignment Survey, Measuring Emplo …
It is a very famous saying that “Customer is the King”! It is so rightly said, that Customer loyalty is something that no one can buy. It can’t be purchased by marketing campaigns or by ads. One has to earn customer loyalty by rendering the best services or products as much as one can. Every business is directly proportionate to its customers, to grow its brand and make profits the…
Net Promoter Score Survey, Customer Engagement Survey, Measuring Employee Morale …
Net promoter score (NPS) measures the entire consumer loyalty towards the brand. By eliminating the number of detractors from the promoter you will get the NPS score, which indicated how customers feel about your performance and brand. In addition, NPS is thought of as the gold standard metric that measures the customer satisfaction. The NPS is a greatly concerned loyalty metric that individual at organizations such as yours utilize to…
Global Watch Clock Measuring Device Market | Watch Clock Measuring Device Indust …
Watch, clock and measuring device market comprises of the sales of watch, clock, measuring device & related services to measure the time and physical quantity. Watch is portable timepiece, which is worn by people around the wrist, attached by a strap. Clock is a device used to measure and indicate time, using the pointers moving over a dial. Measuring device is an instrument used for measuring the various parameters in…
