Oil and Gas Measuring Instrumentation Market Growth and Forecast2020
A new market research report by Transparency Market Research, titled “Oil and Gas Measuring Instrumentation Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2014 – 2020”, offers an insightful overview of the global oil and gas measuring instrumentation market. The report takes into consideration the major factors impacting the market and projects the growth of the market during the forecast horizon. The report segments the oil and gas measuring instrumentation market on the basis of equipment and geography. Describing the competitive landscape, it profiles some of the key players in the market. Detailed information about the key players is also provided in the report.
The report states that the growing demand for oil and gas, along with depleting oil and gas reserves will propel the growth of the global oil and gas measuring instrumentation market. Instrumentation in the oil and gas industry leads to the usage of control systems to accomplish various activities with minimal human interventions. The difference in supply and demand for oil and gas has created the need for implementation of oil and gas measuring instrumentation during transport and storage. Technological advancements are expected to boost the demand for oil and gas measuring instruments across various application segments. The key players in the market are focusing on developing programs to increase productivity while decreasing application cost of measuring instrumentations.
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On the basis of measuring instruments, the global oil and gas measuring instrumentation market has been segmented into level measurement solutions, pressure management solutions, temperature measurement solutions, needle valve and manifold valve solutions, and force measurement solutions. Pressure gauges, transmitters, and transducers are the key instruments for pressure management solutions. While the level management solutions include submersible transducers and low pressure gauges, instruments such as vapor actuated thermometers, temperature transmitters, and transducers are classified under the temperature measurement solutions. Load cells and force sensors are included in the force measurement solutions.
The report studies the global oil and gas measuring instrumentation market across four key regions: Asia Pacific, North America, Europe, and Rest of the World. The oil and gas measuring instrumentation market in Asia Pacific and Rest of the World is expected to witness significant growth in the coming years with increasing demand from the emerging nations.
Some of the key players in the global oil and gas measuring instrumentation market are ABLE Instruments & Controls Ltd; ABB; Fluid Components International LLC.; AMETEK Inc.; General Electric Company; NOSHOK Inc.; Endress+Hauser Consult AG; SGS Canada, Inc.; and Oxford Instruments.
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