IIoT Sensors Market in Oil and Gas Industry by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Feb 2021
  • Pages: 120
  • SKU: IRTNTR70005

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The IIoT sensors market size in oil and gas industry has the potential to grow by USD 470.74 million during 2021-2025, and the market’s growth momentum will decelerate during the forecast period.

This report provides a detailed analysis of the market by product (temperature sensors, flow sensors, gas sensors, pressure sensors, and others) and geography (APAC, Europe, North America, MEA, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including ABB Ltd., Advantech Co. Ltd., ALTHEN GmbH, Analog Devices Inc., Emerson Electric Co., General Electric Co., Honeywell International Inc., PTC Inc., Rockwell Automation Inc., and Siemens AG.

Market Overview

IIoT-Sensors-Market-In-Oil-And-Gas-Industry-Market-Size-2020-2025

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Market Competitive Analysis

The market is fragmented. ABB Ltd., Advantech Co. Ltd., ALTHEN GmbH, Analog Devices Inc., Emerson Electric Co., General Electric Co., Honeywell International Inc., PTC Inc., Rockwell Automation Inc., and Siemens AG are some of the major market participants. Factors such as growing commercial acceptance of IIoT sensors will offer immense growth opportunities. However, issues of limitations with respect to bandwidth may impede the market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this IIoT sensors market forecast in oil and gas industry report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this IIoT sensors market analysis in oil and gas industry report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • ABB Ltd.
  • Advantech Co. Ltd.
  • ALTHEN GmbH
  • Analog Devices Inc.
  • Emerson Electric Co.
  • General Electric Co.
  • Honeywell International Inc.
  • PTC Inc.
  • Rockwell Automation Inc.
  • Siemens AG

 

IIoT Sensors Market in Oil and Gas Industry: Segmentation by Geography

IIoT-Sensors-Market-In-Oil-And-Gas-Industry-Market-Share-by-Region-2020-2025

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The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. APAC will offer several growth opportunities to market vendors during the forecast period. The pent-up demand from the oil and gas industry will significantly influence IIoT sensors market growth in oil and gas industry in this region.

38% of the market’s growth will originate from APAC during the forecast period. China is one of the key markets for IIoT sensors market in oil and gas industry in APAC. This report provides an accurate prediction of the contribution of all segments to the growth of the IIoT sensors market size in oil and gas industry.

IIoT Sensors Market in Oil and Gas Industry: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will IIoT sensors market growth in oil and gas industry growth during the next five years
  • Precise estimation of the IIoT sensors market size in oil and gas industry and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the IIoT sensors market in oil and gas industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of IIoT sensors market vendors in oil and gas industry

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The iiot sensors market in oil and gas industry market growth will increase by $470.74 million during 2020-2025.
The iiot sensors market in oil and gas industry market is expected to grow at a CAGR of 12.08% during 2020-2025.
Technavio has segmented the iiot sensors market in oil and gas industry market by product (Temperature sensors, Flow sensors, Gas sensors, Pressure sensors, and Others) and geographic (APAC, Europe, North America, MEA, and South America).
ABB Ltd., Advantech Co. Ltd., ALTHEN GmbH, Analog Devices Inc., Emerson Electric Co., General Electric Co., Honeywell International Inc., PTC Inc., Rockwell Automation Inc., Siemens AG are a few of the key vendors in the iiot sensors market in oil and gas industry market.
APAC will register the highest growth rate of 37.89% among the other regions. Therefore, the iiot sensors market in oil and gas industry market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • Russian Federation
  • China
  • Saudi Arabia
  • Germany
The key factors driving the iiot sensors market in oil and gas industry market growth are:
  • Growing commercial acceptance of IIoT sensors
The iiot sensors market in oil and gas industry market vendors should focus on grabbing business opportunities from the temperature sensors segment as it accounted for the largest market share in the base year.
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