Rising investment in developing pipeline infrastructure to drive the growth of global water cut monitors market
According to TechSci Research report, “Global Water Cut Monitors Market By Sector, By Location, By Application, By Region, Forecast & Opportunities, 2025”, the global water cut monitors market is expected to grow at a steady rate through 2025 on account of the increasing deep-water E&P activities. Additionally, the oil & gas production in mature wells results in water cut situations, consequently boosting the water cut monitors market within mature oil & gas fields.
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The global water cut monitors market is segmented based on sector, location, application, company and region. Based on sector, the market can be categorized into upstream, midstream and downstream. The upstream segment is expected to dominate the market during forecast period since the upstream sector is experiencing rapid digitalization by transforming traditional operating models into smarter operations, which reduces non-productive time. Based on application, the market can be fragmented into well testing, separation vessel, LACT, tank farm & pipeline, MPFM applications and refinery. The separation vessel segment is expected to dominate the market during the forecast years. This can be accredited to the increasing dependence on unconventional resources.
Global water cut monitors market is expected to grow at a steady rate during the forecast period. The global water cut monitors market is expected to register significant growth on account of their increasing use in oil & gas industry during the production process in oil wells and rigs. Additionally, increasing E&P activities and upgradation of existing pipeline infrastructure are further expected to propel the market during forecast years.
The global water cut monitors market is segmented based on sector, location, application, company and region. Based on location, the market can be bifurcated into onshore and offshore. The onshore segment is expected to dominate the market during forecast years. This can be attributed to the increasing demand for crude oil which has led to an increase in offshore drilling & exploration operations. Based on application, the market can be fragmented into well testing, separation vessel, LACT, tank farm & pipeline, MPFM applications and refinery. The lease automatic custody transfer (LACT) segment is anticipated to be the fastest-growing segment on account of the increase in import & export activities between the major oil & gas supplying and consuming nations.
Regionally, the global water cut monitors market has been segmented Asia-Pacific, North America, South America, Europe, and Middle East & Africa. Among these regions, Asia-Pacific region is expected to dominate the overall water cut monitors market owing to the excessive demand for oil because of the increased industrialization, urbanization, and population growth in the region.
Major players operating in the global water cut monitors market include Weatherford International plc, Emerson Electric Co., Schlumberger Limited, TechnipFMC plc, AMETEK, Inc., EESIFLO, Phase Dynamics Inc., Zelentech Pte Ltd, Kam Controls Inc., Lanzhou Haimo Technologies Co., Ltd. and others. The companies are developing advanced technologies and launching new services in order to stay competitive in the market.
Weatherford International plc, Emerson Electric Co., Schlumberger Limited, TechnipFMC plc, AMETEK, Inc., EESIFLO, Phase Dynamics Inc., Zelentech Pte Ltd, Kam Controls Inc., Lanzhou Haimo Technologies Co., Ltd. and others are some of the leading players operating in global water cut monitors market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.
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“Asia-Pacific is expected to dominate the global market for water cut monitors during the forecast period, owing to the increasing investment in enhancing traditional refineries. Additionally, rising import activities, especially in Southeast Asian countries such as South Korea and Japan is further anticipated to drive the market through 2025.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Water Cut Monitors Market By Sector, By Location, By Application, By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of global water cut monitors market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global water cut monitors market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of global water cut monitors market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
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