A new market research report by Transparency Market Research on the global oil and gas measuring instrumentation market points out the key factors affecting the growth of the market in the near future. The report, titled “Oil and Gas Measuring Instrumentation Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2020,” offers an overview of the global oil and gas measuring instrumentation market and assesses the size and valuation of the market during the period between 2014 and 2020. The report studies the market on the basis of equipment and geography. Some of the major players in the global oil and gas measuring instrumentation market have been profiled in the report.
The growing demand for oil and gas, coupled with rapidly depleting oil and gas reserves, has propelled the growth of the global oil and gas measuring instrumentation market. To increase efficient extraction of oil and gas with minimal human intervention, instrumentation in the oil and gas industry has been introduced. Extraction, transportation, and storage of oil and gas demand accuracy in terms of temperature measurement, pressure management, force measurement, and others. All these factors have fuelled the demand for oil and gas measuring instruments. Technological advancements are anticipated to further boost this growing market during the forecast horizon.
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In terms of equipment, the global oil and gas measuring instrumentation market has been segmented into level measurement solutions, temperature measurement solutions, pressure management solutions, needle valve and manifold valve solutions, and force measurement solutions. Instruments under pressure management solutions include transmitters, pressure gauges, and transducers. Submersible transducers and low pressure gauges are classified under level management solutions. The temperature measurement solutions include vapor actuated thermometers, and transmitters and transducers. Manifold valves, needle valves, and block and bleed valves are classified under needle valve and manifold valve solutions. The force measurement solutions include force sensors and load cells.
The report studies the oil and gas measuring instrumentation market across four key regions: Asia Pacific, North America, Europe, and Rest of the World. The report points out that during the forecast period, the market is anticipated to grow across the emerging economies.
Describing the competitive landscape, the report profiles some of the key players in the global oil and gas measuring instrumentation market such as ABLE Instruments & Controls Ltd., ABB, AMETEK Inc., General Electric Company, Fluid Components International LLC., Endress+Hauser Consult AG, SGS Canada Inc., NOSHOK Inc., and Oxford Instruments. The report provides insightful information about the key players, including their financial overview and recent developments. The key players are focused on improving safety standards for the workforce involved in oil and gas extraction as well as reducing the application cost of measuring instruments.