Global Sensors Market in Oil and Gas Industry 2022-2026

Global Sensors Market in Oil and Gas Industry 2022-2026

Technavio has been monitoring the sensors market in oil and gas industry and it is poised to grow by $ 1.73 bn during 2022-2026, progressing at a CAGR of 4.04% during the forecast period. Our report on the sensors market in oil and gas industry provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by increase in LNG trade and rising need for modernization of oil and gas industry. In addition, increase in LNG trade is anticipated to boost the growth of the market as well.

The sensors market in oil and gas industry analysis includes the type segment and geographic landscape.

Technavio's sensors market in oil and gas industry is segmented as below:

By Type

• Wired
• Wireless

By Geographical Landscape

• APAC
• North America
• Europe
• MEA
• South America

This study identifies the rising downstream activities as one of the prime reasons driving the sensors market in oil and gas industry growth during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on sensors market in oil and gas industry covers the following areas:

• Sensors market in oil and gas industry sizing
• Sensors market in oil and gas industry forecast
• Sensors market in oil and gas industry industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading sensors market in oil and gas industry vendors that include ABB Ltd., Amphenol Corp., Emerson Electric Co., Fortive Corp., General Electric Co., Honeywell International Inc., LORD Corp., Rockwell Automation Inc., RS Technics BV, and Siemens AG. Also, the sensors market in oil and gas industry analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Companies Mentioned

ABB Ltd., Amphenol Corp., Emerson Electric Co., Fortive Corp., General Electric Co., Honeywell International Inc., LORD Corp., Rockwell Automation Inc., RS Technics BV, Siemens AG