Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Oil & Gas Remote Monitoring Market size is likely to expand at significant growth rate during the forecast period i.e., between 2025-2037.
The demand for pipeline monitoring systems can be associated with high growth due to the increasing number of oil & gas leakages in the pipelines and storage tanks due to natural disasters and high pressure. Along with this, government regulations for pipeline safety are projected to drive market growth in the upcoming years. Furthermore, the growing trend of developing new devices and solutions to monitor pipeline performance, automate the functions, and safeguard the operations is expected to fuel this market's progress. The market growth can also be attributed to factors such as growing demand for industrial mobility and growing awareness about energy efficiency.
Oil & Gas Remote Monitoring Sector: Growth Drivers and Challenges
Growth Drivers
- Growing Trend of New Devices
- Rising Demand for Industrial Automation
Challenges
- High Cost of Implementation
- Rising Investment in Non- Conventional Sources of Energy
Oil & Gas Remote Monitoring Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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Regional Scope |
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Oil & Gas Remote Monitoring Segmentation
The market is segmented based on sectors into upstream, midstream, and downstream. The upstream segment is assessed to occupy the largest market share over the forecast period ascribing to the ability of this procedure to offer high petroleum recovery from subsurface reservoirs. Additionally, the downstream segment is projected to witness the highest growth in the future owing to the fact that downstream oil and gas production companies are closer to the end user.
Our in-depth analysis of the global market includes the following segments:
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By Type |
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By Sector |
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Customize this ReportOil & Gas Remote Monitoring Industry - Regional Synopsis
Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. Asia Pacific industry is expected to dominate majority revenue share by 2037, due to increasing adoption of industrial automation in the region. According to IBEF, ONGC is investing USD 2.73 billion in drilling oil & gas wells from 2018 to 2019. Furthermore, Saudi Aramco plans to invest in the downstream sector in India. ​​​​​​
Companies Dominating the Oil & Gas Remote Monitoring Landscape
- Emerson
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- ABB Ltd
- Siemens AG
- Sensaphone
- Honeywell International Inc.
- TE Connectivity
- MTS Sensor Technologies GmbH
- Indutrade
- Robert Bosch GmbH
In the News
Author Credits: Dhruv Bhatia
- Report ID: 2948
- Published Date: Dec 26, 2024
- Report Format: PDF, PPT
