Oil & Gas Sensors Market share research by applications and regions for 2019 – 2025 - PowerPoint PPT Presentation

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Oil & Gas Sensors Market share research by applications and regions for 2019 – 2025

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Oil & Gas Sensors Market size will witness growth on account of growing demand for digital technologies from energy sector to reduce cost and enhance workforce productivity. Ability to offers real time data, improve operational efficiency, reduce safety risk, & environmental footprints are some of the indispensable factors propelling the product demand. In addition, volatile crude prices along with high cost associated with E&P of conventional and unconventional resources will further complement the business outlook. – PowerPoint PPT presentation

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Date added: 22 July 2019
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Provided by: amitsingh22
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Title: Oil & Gas Sensors Market share research by applications and regions for 2019 – 2025


1
Oil Gas Sensors Market trends research and
projections for 2019 2025
2
Oil Gas Sensors Market
  • Oil Gas Sensors Market size will witness growth
    on account of growing demand for digital
    technologies from energy sector to reduce cost
    and enhance workforce productivity. Ability to
    offers real time data, improve operational
    efficiency, reduce safety risk, environmental
    footprints are some of the indispensable factors
    propelling the product demand. In addition,
    volatile crude prices along with high cost
    associated with EP of conventional and
    unconventional resources will further complement
    the business outlook.
  • Ongoing investments toward upstream sector along
    with abundant availability of unconventional
    resources including shale and tight gas primarily
    across the U.S. will propel the oil gas sensors
    market. Surging petroleum product demand coupled
    with growing efforts to reduce foreign import
    dependency has enhanced the investment toward oil
    and gas drilling. For instance, in 2018, the
    Kuwait Petroleum Corporation announced to invest
    USD 112 million in OG sector to enhance
    production in next five years.
  • Pressure oil gas sensors will witness growth on
    account of its wide applicability across
    midstream and upstream sector. Ability to offer
    reliable and accurate data, detecting small
    changes in pressure will make its adoption
    preferable over alternate technologies.

3
Continue.....
  • Increasing capital expenditure toward
    construction and renovation of refinery
    facilities to cater high value-added product
    demand will stimulate downstream oil gas
    sensors market. For instance, in 2019, Abu Dhabi
    National Oil Company and Saudi Aramco announced
    to invest USD 44 billion in refinery cum
    petrochemical complex at Ratnagiri, Mumbai.
  • Growing demand for effective controlling and
    monitoring systems from remote location along
    with introduction of strict regulations to ensure
    safety will propel the remote monitoring oil
    gas sensors market. The product utilizes software
    and hardware to store and transmit data about
    equipment functionality. Furthermore, escalating
    demand for pipeline infrastructure will enhance
    product adoption.
  • Increasing investments toward drilling of
    unconventional resources from independent
    participants will propel the U.S. oil gas
    sensors market share. For instance, in February
    2019, Chevron announced to invest USD 3.6 billion
    in the Permian Basin.
  • Positive outlook toward downstream processing
    infrastructure backed by economic transformation
    and rapid industrialization will propel the
    Angola oil gas sensors market.

4

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