ID: MRFR/E&P/7546-HCR | February 2021 | Region: Global | 188 pages
Water Cut Monitors Market is projected to be worth USD 357.14 million by 2028, registering a CAGR of 5.47% during the forecast period (2021 - 2028)., The market was valued at USD 211.32 million in 2021.
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.
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).
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.
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.
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.
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.
|CAGR||5.47% CAGR (2022-2030)|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Sector, Application and Location|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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)|
|Key Market Opportunities||New product launches and R&D Amongst major key Players|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
Water Cut Monitors Market is projected to be worth USD 357.14 million by 2028
At 5.47% 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.