Water Cut Monitors Market Size, Trends & Analysis - Forecasts to 2026 By Type of Sector (Upstream, Midstream, and Downstream), By Type of Location (Onshore and Offshore), By Type of Application (Well Testing, Separation Vessels, Lease Automatic Custody Transfer [LACT], Tank Farm & Pipelines, MPFM Application, Refinery, and Others), By Type of Region (NA [North America], Europe, APAC [Asia Pacific], MEA [the Middle East & Africa], and CSA [Central & South America]), End-User Landscape, Vendor Landscape, Company Market Share Analysis & Competitor Analysis
Water Cut Monitors Market Insights
The water cut monitors market will report a high CAGR during the forecast period (2020-2026). A water cut meter monitors the water content of crude oil and hydrocarbons as they continue in a pipeline. A water cut meter is a conventional name whereas the on-line water determination (OWD) is the modern terminology adopted in the industry. There has been a serious downturn in the generation of oil & gas resulting in the decline of crude oil prices which has hit the operations of diverse verticals such as energy & power, transportation, and automotive. Yet water cut monitors market will see a colossal climb in the forecast period due to the growth in the practice of real-time monitoring services, an increase in trading’s, an increase in imports, development in supplementary refinery potential.
Water Cut Monitors Market: By Type of Sector
Based on the sector, the market is considered upstream, midstream, and downstream sectors. The upstream sector will see the fastest growth in the outlook period. Inclusion of automation in the sector, inflation in end-users, and widespread offshore exploration in Asia Pacific nations are the accelerators of the global water cut monitor market.
Water Cut Monitors Market: By Type of Location
The market can be divided based on location are onshore and offshore. The offshore location will register as the largest patron in the rise of the CAGR during the forecast period. A few of the factors affecting the magnification of the market are the rise in shale oil & gas explorations, an increase in operations of drilling activities, and huge revenue inflow in pipeline infrastructure.
Water Cut Monitors Market: By Type of Application
By applications, the water cut monitors market is explained into tank farm and pipelines, well testing, separation vessels, MPFM application, lease automatic custody transfer (LACT), and refinery among others. The separated vessel segment is leading the market. separating vessels are expected to show prodigious gain during the forecast period. An increase in digitization in oil & gas industries, an increase in demand for crude oil in multiple verticals, and an increase in demand for energy generation are some factors governing the flourishment of the market.
Water Cut Monitors Market: By Region
North America has remained the principal region until recently APAC is estimated to record a notable rise committing to the growth of the market. An increase in population growth, rise in small and medium scale enterprises in developing countries like India, China, Singapore, Japan, & many more, and consistent reliance over non-renewable energy sources are the locomotives driving the global market.
Market Share and Competitor Analysis
Weatherford International plc, Emerson Electric Co., Schlumberger Ltd., TechnipFMC plc, Ametek Inc., EESIFLO, Phase Dynamics, ZelenTech Pte Ltd., Kam Controls Inc., M-Flow Technologies, Delta C Technologies Inc., Sentech AS, Agar Corporation, LEMIS Process, Lanzhou Haimo Technologies Co. Ltd., and Aquasant AG among others
Please note: This is not an exhaustive list of companies profiled in the report.
In October 2020, M-Flow Technologies Ltd. has been officially registered as a supplier of water cut monitors with Petrobras.
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The Global Water Cut Monitors Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Water Cut Monitors Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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