Oil and Gas Sensor Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The oil & gas sensors market is expected to grow from USD 7.4 billion in 2018 to USD 9.4 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 4%, from 2022 to 2028.

Oil and gas sensors are detectors with IoT technology that provides a high level of accuracy, reliability and flexibility for a wide range of applications in the oil and gas industry such as remote monitoring, condition monitoring, analysis and stimulation. Sensors are primarily used to detect pressure, level, flow and temperature. Due to the increase in unconventional drilling, there is a high demand for liquid level sensors in the upstream sector. Similarly, according to the Bureau of Labor Statistics, accidents in the United States during drilling and exploration activities accounted for about 40% of personnel deaths.

 Company Profile

The key players of global oil & gas sensors market are Honeywell (US), Emerson (US), ABB (Switzerland), GE (US), Rockwell (US), Siemens (Germany), TE Connectivity(US), BD Sensors (Germany), Lord (US), Fortive (US), and Bosch (Germany).

Market Segmentation

By Type:

• Pressure Sensor
• Temperature Sensor
• Flow Sensor
• Power Supply Sensors
• Fiber Optical Sensors

By Connectivity:

• Wired
• Wireless

By Application:

• Remote Monitoring
• Condition Monitoring & Maintenance
• Analysis & Simulation

Scope of the Report

The research study analyzes the global Oil and Gas Sensor industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Oil and Gas Sensor Market Report

1. What was the Oil and Gas Sensor Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of Oil and Gas Sensor Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Oil and Gas Sensor Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.