Global Water Cut Monitors Market is expected to grow at a CAGR of 7.1% from 2018-2027

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 market growth. However, fluctuating crude oil prices is restricting market growth.

 

Water cut monitor can handle the most extremes of pressure and temperature. It is able to withstand pressures up to 1500 Psi and temperatures up to 450 °F. Water cut monitors find their area of application in the oil & gas industry, for well testing, separation vessels, multiphase flow meter (MPFM) applications, tank farms & pipeline, lease automatic custody transfer (LACT), refinery, and others.


Request for sample here: Global Water Cut Monitors Market 


On the basis of location, the offshore sector segment is expected to grow at a significant rate during the forecast period, due to rising shale oil & deep-water exploration activities and increasing demand for crude oil has led to an increase in offshore exploration & drilling operations because of the emergence of new oil fields in the offshore sector. For instance, ONGC discovered an oil field with approximately 20 million tons of hydrocarbon reserves in Mumbai High offshore fields.

 

Amongst sector, the upstream segment has considerable growth during the forecast period, owing to rising drilling activities and increasing adoption of real-time monitoring systems. Water cut monitors in the upstream sector are primarily used in well testing, separation vessel, and MPFM applications. The upstream sector is experiencing rapid digitalization by transforming traditional operating models into smarter operations, which reduces non-productive time. Additionally, there has been a considerable increase in drilling activities globally.

 

Request for customization here: Global Water Cut Monitors Market 



Based on the application, Separation vessels are pressure vessels installed to separate the produced crude into gas, oil, and water. Operators are making their priority to maintain the quality of the oil obtained after separation while conforming to specification and standards; this drives the demand for water cut monitors at these separation vessels. Increasing dependence on unconventional resources has further boosted the demand for separation vessels as the crude obtained from it contains impurities and heavy water content, thereby making it necessary to measure the water content in the oil after the separation.

 

By Geography, Asia Pacific is expected to have a significant market growth during the forecast period, owing to rising imports especially in Southeast Asian countries such as South Korea, and Japan, coupled with increasing investment in enhancing refineries, development, and increasing investment in the development of pipeline networks.

  

For more information fill in the Inquiry form at https://www.strategymrc.com/contact-us

Some of the key players profiled in the water cut monitors market include Ametek Inc., Phase Dynamics, Emerson, Delta C Technologies, Weatherford, EESIFLO, Haimo Technologies, Schlumberger, Zelentech, TechnipFMC, Kam Controls, M-Flow Technologies, LEMIS Process, Aquasant, Sentech AS and Agar Corporation.


Contact:

JamesLamb
CorporateSalesSpecialist
UnitedStatesDirect:+1-301-202-5929
Email: [email protected]