According to Stratistics MRC, the “Global Water Cut Monitors Market” is accounted for $175.5 million in 2018 and is expected to reach $325.4 million by 2027 growing at a CAGR of 7.1% during the forecast period. Need for real-time measuring devices in emerging regions, rising demand for advanced and precise real-time monitoring instruments from the oil & gas sector, especially for upstream applications and advantages of water cut monitors over conventional measurement techniques are some of the factors fuelling the market growth. However, fluctuating crude oil prices is restricting the market growth.
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Water cut monitor is highly precise online analyzer that is introduced in a pipe. It measures the H2O content of crude oil and comparative liquids in a flowing stream. The water content in crude oil provides needed data to operators to control the water injection rate at the time of drilling. In the downstream sector, water cut monitor provides with significant information for improving de-salters or de-watering. Water cut meter has the ability to analytically measure and quantify oil in water.
Driver: Increasing demand from separate vessel is driving the market growth.
Separation vessels are implemented to isolate the produced crude to gas, oil, and water. Operators are prioritizing the quality of oil obtained after separation when conforming to specifications and standards; this drives the demand for market at these separation vessels. Increasing dependence on unconventional resources has additionally supported the demand for separation vessels as the crude got from it contains impurities and heavy water content, thereby making it important to measure the water content in the oil after the separation.
Opportunity: Digitalization of Oilfields.
Adoption of digitalization of oilfields is providing ample opportunities for the market growth. Digital oilfield is an effective solution which would help in fast and successful planning of well intervention strategies, ensuring the ideal production levels for the wells. Different systems such as SCADA and PLC empower the collection of information by sensors and analyze them utilizing software suites to shape a pattern and predict any forthcoming issues before. The production is optimized using comprehensive surveillance and analysis systems.
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By location, the offshore segment is anticipated to hold considerable market share during the forecast period due to growing demand for crude oil has led to a rise in offshore exploration and production activities throughout the globe because of emergence of new oil fields in the offshore sector.
Based on geography, Europe region is expected to grow at the significant market share during the forecast period due to high water cut monitoring activities because of the rising awareness about water pollution and contamination.
The Global Water Cut Monitors Market Leaders are Ametek Inc., Phase Dynamics, Emerson, Delta C Technologies, Weatherford, EESIFLO, Haimo Technologies, Schlumberger, Zelentech, Technip FMC, Kam Controls, M-Flow Technologies, LEMIS Process, Aquasant, Sentech AS, and Agar Corporation.
Schlumberger: In Oct 2019, Schlumberger launched At-Bit steerable system for drilling horizontal wells in a single run. NeoSteer at-bit steerable system design integrates a unique cutting structure and steering mechanisms and also improve horizontal well drilling performance by providing high-dogleg capability and increased rate of penetration in the curve and the lateral.
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Emerson: In July 2019, Emerson signed an agreement with Dragos, Inc that enable power producers and water utilities to further strengthen the security of their critical assets. Emerson will integrate threat detection technology from the Dragos Platform into its Ovation™ automation platform and Power and Water Cybersecurity Suite.
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