Sensors in Oil and Gas Market

Executive Summary

Sensors in Oil and Gas Market was valued at US $2.75 billion in 2021 and is projected to grow at 9.84% CAGR over the forecast period to reach US $4.82 billion by 2027. Sensors in Oil and Gas Market represented US $0.47 billion opportunity over 2019-2021 and estimated to create US $2.08 billion opportunity in 2027 over 2021.

Sensors in Oil and Gas from Consainsights analyses the Sensors in Oil and Gas Market in the Technology & Media industry over the forecast period to 2027.

Sensors in Oil and Gas research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Sensors in Oil and Gas segmentation includes Sensor Type, Connectivity, Activity and Geography.

Based on the Sensor Type, the Sensors in Oil and Gas analysis covers Gas Sensor, Temperature Sensor, Ultrasonic Sensor, Pressure Sensor, Flow Sensor, Level Sensor, Others.

In Sensor Type segment, Gas Sensor segment has highest cagr growth of 8.70%.

Based on the Connectivity, the Sensors in Oil and Gas analysis covers Wired, Wireless.

In Connectivity segment, Wired segment has highest cagr growth of 8.70%.

Based on the Activity, the Sensors in Oil and Gas analysis covers Upstream, Midstream, Downstream.

In Activity segment, Upstream segment has highest cagr growth of 8.70%.

Based on the region, the Sensors in Oil and Gas analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include Honeywell International Inc., TE Connectivity Ltd, Robert Bosch GmbH, ABB Ltd, Siemens AG, Rockwell Automation Inc., Analog Devices Inc., Emerson Electric Company, GE Sensing & Inspection Technologies GmbH, SKF AB and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

Sensor Type

Introduction

In 2021, Gas Sensor segment has the highest revenue of US $1.07 billion and is expected to grow at CAGR of 8.70% by 2027 Gas Sensor segment has highest cagr growth of 8.70%.

Gas Sensor

Gas Sensor segment was valued at US $0.88 billion in 2019 and is projected to grow at 8.70% CAGR over the forecast period to reach US $1.87 billion by 2027. Gas Sensor segment represented US $0.18 billion opportunity over 2019-2021 and estimated to create US $0.81 billion opportunity in 2027 over 2021.

Temperature Sensor

Temperature Sensor segment was valued at US $0.51 billion in 2019 and is projected to grow at 8.70% CAGR over the forecast period to reach US $1.09 billion by 2027. Temperature Sensor segment represented US $0.11 billion opportunity over 2019-2021 and estimated to create US $0.47 billion opportunity in 2027 over 2021.

Ultrasonic Sensor

Ultrasonic Sensor segment was valued at US $0.36 billion in 2019 and is projected to grow at 8.70% CAGR over the forecast period to reach US $0.77 billion by 2027. Ultrasonic Sensor segment represented US $0.08 billion opportunity over 2019-2021 and estimated to create US $0.33 billion opportunity in 2027 over 2021.

Pressure Sensor

Pressure Sensor segment was valued at US $0.19 billion in 2019 and is projected to grow at 8.70% CAGR over the forecast period to reach US $0.41 billion by 2027. Pressure Sensor segment represented US $0.04 billion opportunity over 2019-2021 and estimated to create US $0.18 billion opportunity in 2027 over 2021.

Flow Sensor

Flow Sensor segment was valued at US $0.16 billion in 2019 and is projected to grow at 8.70% CAGR over the forecast period to reach US $0.34 billion by 2027. Flow Sensor segment represented US $0.03 billion opportunity over 2019-2021 and estimated to create US $0.15 billion opportunity in 2027 over 2021.

Level Sensor

Level Sensor segment was valued at US $0.11 billion in 2019 and is projected to grow at 8.70% CAGR over the forecast period to reach US $0.22 billion by 2027. Level Sensor segment represented US $0.02 billion opportunity over 2019-2021 and estimated to create US $0.10 billion opportunity in 2027 over 2021.

Others

Others segment was valued at US $0.05 billion in 2019 and is projected to grow at 8.70% CAGR over the forecast period to reach US $0.11 billion by 2027. Others segment represented US $0.01 billion opportunity over 2019-2021 and estimated to create US $0.05 billion opportunity in 2027 over 2021.

Connectivity

Introduction

In 2021, Wired segment has the highest revenue of US $1.26 billion and is expected to grow at CAGR of 8.70% by 2027 Wired segment has highest cagr growth of 8.70%.

Wired

Wired segment was valued at US $1.05 billion in 2019 and is projected to grow at 8.70% CAGR over the forecast period to reach US $2.22 billion by 2027. Wired segment represented US $0.22 billion opportunity over 2019-2021 and estimated to create US $0.96 billion opportunity in 2027 over 2021.

Wireless

Wireless segment was valued at US $0.55 billion in 2019 and is projected to grow at 8.70% CAGR over the forecast period to reach US $1.17 billion by 2027. Wireless segment represented US $0.11 billion opportunity over 2019-2021 and estimated to create US $0.50 billion opportunity in 2027 over 2021.

Activity

Introduction

In 2021, Upstream segment has the highest revenue of US $1.22 billion and is expected to grow at CAGR of 8.70% by 2027 Upstream segment has highest cagr growth of 8.70%.

Upstream

Upstream segment was valued at US $1.01 billion in 2019 and is projected to grow at 8.70% CAGR over the forecast period to reach US $2.14 billion by 2027. Upstream segment represented US $0.21 billion opportunity over 2019-2021 and estimated to create US $0.92 billion opportunity in 2027 over 2021.

Midstream

Midstream segment was valued at US $0.71 billion in 2019 and is projected to grow at 8.70% CAGR over the forecast period to reach US $1.51 billion by 2027. Midstream segment represented US $0.15 billion opportunity over 2019-2021 and estimated to create US $0.65 billion opportunity in 2027 over 2021.

Downstream

Downstream segment was valued at US $0.56 billion in 2019 and is projected to grow at 8.70% CAGR over the forecast period to reach US $1.18 billion by 2027. Downstream segment represented US $0.11 billion opportunity over 2019-2021 and estimated to create US $0.51 billion opportunity in 2027 over 2021.