ID: MRFR/E&P/7546-HCR | February 2021 | Region: Global | 111 pages
Water cut monitors are solid-state electronic instruments that ascertain the water content in an oil emulsion. The water content in crude oil provides critical information to operators to control the water injection rates during drilling. Further, in the downstream sector, water cut monitor provides essential information for optimizing de-watering or de-salters. Water meter is a significant component of water cut monitoring as it considered a highly accurate online analyzer that is installed in a pipe and can be used as a water cut meter. Additionally, other major components of water cut monitoring include water in oil analyzer and water cut analyzer, which is easy to maintain and have to ability to analytically quantify and measure oil in water.
Global Water Cut Monitors Market size is projected to reach USD 282 Million by 2025, with 5.11% CAGR between 2019 and 2025.
The major factors driving the growth of the global water cut monitors market is the increasing need and demand for real-time flow monitoring equipment. Further, economies across the globe are increasing their refining capacity to meet the growing demand for refined products. This is expected to have a positive impact on the growth of the global water cut monitors market during the forecast period. Additionally, numerous countries are dependent on oil imports to meet their demand for hydrocarbon products which is expected to drive the demand for global water cut monitors market, in both exporting and importing countries.
Many major players such as Schlumberger Limited, Emerson Electric Co, and Weatherford are actively focusing on signing contracts and agreements with oil & gas companies to provide water cut monitors. The companies in the global water cut monitors market have substantial investments in research & development for new product development and increase their shares in the global market. Further, the market is highly competitive with all the players constantly competing to gain a larger market share.
The global water cut monitors market has been segmented based on sector, application, and location. By sector, the global market includes upstream, midstream, and downstream. The upstream segment is expected to hold a larger share during the forecast period. By application, the global market is segmented into well testing, separation vessel, refinery, and others. The separation vessel segment is expected to grow with the highest CAGR during the forecast period as the equipment is used to separate water from crude. On the basis of location, the global water cut monitors market has been segmented into onshore and offshore. The offshore segment is expected to hold the largest share of the global water cut monitors market due to the increasing offshore exploration and production activities throughout the globe.
Global Water Cut Monitors Market is expected to grow at 5.11% CAGR during the forecast period.
The Global Water Cut Monitors Market is expected to witness high growth during the forecast period owing to increasing demand for crude oil in developing countries.
On the basis of region, the global water cut monitors market is segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. Asia-Pacific holds the largest water cut monitors market share due to an increase in the increase in demand for crude oil in the region.
The key industry participants operating in the Global Water Cut Monitors Market are Weatherford (US), Emerson Electric Co (US), Schlumberger Limited (US), TechnipFMC plc (UK), Siemens (Germany), Eesiflo (Czech Republic), Ametek Inc (US), Aquasant Messtechnik AG (Switzerland), Haimo Technologies Group Corp (UAE), LEMIS Process (US), Agar Corporation (UK), and Sentech AS (Norway).
Frequently Asked Questions (FAQ) :
The global water cut monitors market will be gaining a valuation of USD 282 Million by the year 2025.
At 5.11% CAGR, the global water cut monitors market would witness its optimum growth in future.
The global water cut monitors market will be rapidly growth during the forecast period 2019 and 2025.
The major factors driving the growth of the global water cut monitors market is the escalating need and demand for real-time flow monitoring equipment.
North America, Asia-Pacific, the Middle East & Africa, Europe, and South America are the regions acquired the most shares of the global water cut monitors market.