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Global Oil & Gas Sensors Market to reach USD 11.42 billion by the end of 2030

Global Oil & Gas Sensors Market Size study & Forecast, by Type (Pressure, Temperature, Level, and Vibration), by Connectivity (Wired and Wireless), by Sector (Upstream, Midstream, and Downstream) and Regional Analysis, 2023-2030

Product Code: CMOGI-54188791
Publish Date: 5-12-2023
Page: 200

Global Oil & Gas Sensors Market is valued at approximately USD 7.6 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.17 % over the forecast period 2023-2030. Oil & Gas Sensors are specialized devices used in the oil and gas industry to detect and measure various parameters such as pressure, temperature, flow, and levels of gases or liquids, enabling monitoring and control of processes in oil and gas operations. The Oil & Gas Sensors Market is expanding because of factors such as increasing demand for IoT devices and growing adoption of industrial automation. Moreover, rising demand for IoT devices in the oil and gas industry drives the growth of the Oil & Gas Sensors Market, enabling enhanced monitoring, control, and optimization of operations. IoT integration improves efficiency, safety, and cost-effectiveness, leading to increased adoption of advanced sensors.

According to Statista in 2022, the number of Internet of Things (IoT) devices worldwide is expected to nearly triple from USD9.7 billion in 2020 to over USD29 billion by 2030. By 2030, China is projected to have the largest number of IoT devices, with around 5 billion devices used by consumers. The growing adoption of industrial automation in the oil and gas industry increases the demand for advanced sensors, enabling efficient and automated monitoring. According to Statista in 2020, the global industrial automation market was valued at approximately USD 175 billion. It is projected to experience a compound annual growth rate (CAGR) of around 9% until 2025, reaching a market size of USD 265 billion by that year. In addition, growing offshore investments in the oil & gas industry and rising technological advancements in sensor technologies would create lucrative growth opportunities. However, technical complexity and the high cost of Oil & Gas sensors stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Oil & Gas Sensors Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market over the forecast period owing to the, increasing emphasis on shale gas exploration and production in North America increase the demand for advanced sensors. Additionally, the region’s well-established infrastructure and technological advancements significantly contribute to the widespread adoption of Oil & Gas Sensors in the North America market. Asia Pacific is fastest growing region over the forecast period, owing to factors such as increasing adoption of industrial automation and increasing energy demands and exploration activities driving the demand for advanced sensors in the expanding oil and gas industry.

Major market player included in this report are:
Honeywell International Inc.
Gems Sensors, Inc.
LORD Corporation
Oxsensis Ltd.
TE Connectivity Ltd.
SGX SensorTech Limited
Emerson Electric Co.BEI Duncan Electronics
Svenska Kullagerfabriken

Recent Developments in the Market:
Ø In April 2022, MSA Safety, Incorporated introduced the groundbreaking ALTAIR io 4 Gas Detection Wearable devices, a significant advancement in the industry. Serving as the hardware component of MSA’s Connected Work Platform, the ALTAIR io 4 device showcases the integration of cloud-ready technology for enhanced safety solutions.
Ø In April 2022, Sensirion showcased its cutting-edge environmental sensing solutions, SEN50 and SEN55, designed for measuring essential environmental parameters. As a member of the SEN5x series, the SEN50 environmental node serves as a user-friendly sensor solution platform, providing precise measurements of particulate matter.

Global Oil & Gas Sensors Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Connectivity, Sector, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

By Connectivity:

By Sector:

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Oil & Gas Sensors Market, by Region, 2020-2030 (USD Billion)
1.2.2. Oil & Gas Sensors Market, by Type, 2020-2030 (USD Billion)
1.2.3. Oil & Gas Sensors Market, by Connectivity, 2020-2030 (USD Billion)
1.2.4. Oil & Gas Sensors Market, by Sector, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Oil & Gas Sensors Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Oil & Gas Sensors Market Dynamics
3.1. Oil & Gas Sensors Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing demand for IoT devices Growing adoption of industrial automation.
3.1.2. Market Challenges Technical complexity High cost of Oil & Gas sensors
3.1.3. Market Opportunities Growing offshore investments in oil & gas industry Rising technological advancements in sensor technologies
Chapter 4. Global Oil & Gas Sensors Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Oil & Gas Sensors Market, by Type
5.1. Market Snapshot
5.2. Global Oil & Gas Sensors Market by Type , Performance – Potential Analysis
5.3. Global Oil & Gas Sensors Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Oil & Gas Sensors Market, Sub Segment Analysis
5.4.1. Pressure
5.4.2. Temperature
5.4.3. Level
5.4.4. Vibration
Chapter 6. Global Oil & Gas Sensors Market, by Connectivity
6.1. Market Snapshot
6.2. Global Oil & Gas Sensors Market by Connectivity , Performance – Potential Analysis
6.3. Global Oil & Gas Sensors Market Estimates & Forecasts by Connectivity 2020-2030 (USD Billion)
6.4. Oil & Gas Sensors Market, Sub Segment Analysis
6.4.1. Wired
6.4.2. Wireless
Chapter 7. Global Oil & Gas Sensors Market, by Sector
7.1. Market Snapshot
7.2. Global Oil & Gas Sensors Market by Sector , Performance – Potential Analysis
7.3. Global Oil & Gas Sensors Market Estimates & Forecasts by Sector 2020-2030 (USD Billion)
7.4. Oil & Gas Sensors Market, Sub Segment Analysis
7.4.1. Upstream
7.4.2. Midstream
7.4.3. Downstream
Chapter 8. Global Oil & Gas Sensors Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Oil & Gas Sensors Market, Regional Market Snapshot
8.4. North America Oil & Gas Sensors Market
8.4.1. U.S. Oil & Gas Sensors Market Type breakdown estimates & forecasts, 2020-2030 Connectivity breakdown estimates & forecasts, 2020-2030 Sector breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Oil & Gas Sensors Market
8.5. Europe Oil & Gas Sensors Market Snapshot
8.5.1. U.K. Oil & Gas Sensors Market
8.5.2. Germany Oil & Gas Sensors Market
8.5.3. France Oil & Gas Sensors Market
8.5.4. Spain Oil & Gas Sensors Market
8.5.5. Italy Oil & Gas Sensors Market
8.5.6. Rest of Europe Oil & Gas Sensors Market
8.6. Asia-Pacific Oil & Gas Sensors Market Snapshot
8.6.1. China Oil & Gas Sensors Market
8.6.2. India Oil & Gas Sensors Market
8.6.3. Japan Oil & Gas Sensors Market
8.6.4. Australia Oil & Gas Sensors Market
8.6.5. South Korea Oil & Gas Sensors Market
8.6.6. Rest of Asia Pacific Oil & Gas Sensors Market
8.7. Latin America Oil & Gas Sensors Market Snapshot
8.7.1. Brazil Oil & Gas Sensors Market
8.7.2. Mexico Oil & Gas Sensors Market
8.8. Middle East & Africa Oil & Gas Sensors Market
8.8.1. Saudi Arabia Oil & Gas Sensors Market
8.8.2. South Africa Oil & Gas Sensors Market
8.8.3. Rest of Middle East & Africa Oil & Gas Sensors Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Honeywell International Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Gems Sensors, Inc.
9.3.3. LORD Corporation
9.3.4. Oxsensis Ltd.
9.3.5. TE Connectivity Ltd.
9.3.6. SGX SensorTech Limited
9.3.7. Emerson Electric Co.
9.3.8. BEI Duncan Electronics
9.3.9. Svenska Kullagerfabriken
9.3.10. De Graeff
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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