Water Cut Monitors Market

Water Cut Monitors Market Insights

The water cut monitors market will report a high CAGR during the forecast period (2020-2026). A water cut meter monitors the water content of crude oil and hydrocarbons as they continue in a pipeline. A water cut meter is a conventional name whereas the on-line water determination (OWD) is the modern terminology adopted in the industry. There has been a serious downturn in the generation of oil & gas resulting in the decline of crude oil prices which has hit the operations of diverse verticals such as energy & power, transportation, and automotive. Yet water cut monitors market will see a colossal climb in the forecast period due to the growth in the practice of real-time monitoring services, an increase in trading’s, an increase in imports, development in supplementary refinery potential.

Water Cut Monitors Market: By Type of Sector

Based on the sector, the market is considered upstream, midstream, and downstream sectors. The upstream sector will see the fastest growth in the outlook period. Inclusion of automation in the sector, inflation in end-users, and widespread offshore exploration in Asia Pacific nations are the accelerators of the global water cut monitor market.

Water Cut Monitors Market: By Type of Location

The market can be divided based on location are onshore and offshore. The offshore location will register as the largest patron in the rise of the CAGR during the forecast period. A few of the factors affecting the magnification of the market are the rise in shale oil & gas explorations, an increase in operations of drilling activities, and huge revenue inflow in pipeline infrastructure.

Water Cut Monitors Market: By Type of Application

By applications, the water cut monitors market is explained into tank farm and pipelines, well testing, separation vessels, MPFM application, lease automatic custody transfer (LACT), and refinery among others. The separated vessel segment is leading the market. separating vessels are expected to show prodigious gain during the forecast period. An increase in digitization in oil & gas industries, an increase in demand for crude oil in multiple verticals, and an increase in demand for energy generation are some factors governing the flourishment of the market.

Water Cut Monitors Market: By Region

North America has remained the principal region until recently APAC is estimated to record a notable rise committing to the growth of the market. An increase in population growth, rise in small and medium scale enterprises in developing countries like India, China, Singapore, Japan, & many more, and consistent reliance over non-renewable energy sources are the locomotives driving the global market.

Market Share and Competitor Analysis

Weatherford International plc, Emerson Electric Co., Schlumberger Ltd., TechnipFMC plc, Ametek Inc., EESIFLO, Phase Dynamics, ZelenTech Pte Ltd., Kam Controls Inc., M-Flow Technologies, Delta C Technologies Inc., Sentech AS, Agar Corporation, LEMIS Process, Lanzhou Haimo Technologies Co. Ltd., and     Aquasant AG among others

Please note: This is not an exhaustive list of companies profiled in the report.

In October 2020, M-Flow Technologies Ltd. has been officially registered as a supplier of water cut monitors with Petrobras.

Check the Press Release on Water Cut Monitors Market Report