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Underwater Monitoring System Research Foreseen to Grow Exponentially by 2025<br>
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©2019 Transparency Market Research, All Rights Reserved Underwater Monitoring System for Oil and Gas Market - Global Industry Analysis, Size, Share, Growth Trends 2015 - 2023 ©2019 Transparency Market Research, All Rights Reserved
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©2019 Transparency Market Research, All Rights Reserved Global Underwater Monitoring System for Oil and Gas Market: Snapshot • The demand in the global market for underwater monitoring system in the oil and gas industry is projected to experience a CAGR of 6.43% during the forecast period of 2017 to 2025. • The global worth of the underwater monitoring system market in the oil and gas industry is estimated to be worth US$1881.3 mn by 2025, substantially up from its evaluated worth of US$680.0 mn in 2016. • The growing need to monitor oil and gas reserves in deep sea explorations, complexities in the operation and maintenance of subsea systems, increase in offshore deepwater and ultra-deepwater explorations, rise in economic viability of deepwater developments, and implementations of strict safety regulations are some of the key factors driving the demand in the global underwater monitoring system in oil and gas market. View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved
©2019 Transparency Market Research, All Rights Reserved SCADA In-Demand Wireless Sensor Segment • On the basis of subsea sensors, the global underwater monitoring system for oil and gasmarket is segmented pressure sensor, proximity sensor, temperature sensor, flow sensor rotation sensor, linear displacementgauge, andinclinometersloadsensors. • Riser technology, pipeline type sensors, and flexible pipe systems are anothersub-segments of subsea sensor segment. • In 2016, pressure sensors and riser technology accounted for the most prominent demand-share, which was a reflection of essentiality ofthe sensorsand the technologyrespectively.
©2019 Transparency Market Research, All Rights Reserved Asia Pacific Most Lucrative Region • Out of all the major regions studied by the regions for their potential of underwater monitoring system for oil and gas market, Asia Pacific currently serves the maximumdemand,followed by The Middle East& Africa and Europe. • Due to the massive projects undertaken by world’s large oil and gas companies for exploration and production operations in Myanmar, China, and is likely to fuel the demand for underwater monitoring equipment based applications in Asia Pacific over the forecast period. • China is also the key manufacturer and consumer of sub sensor products in Asia Pacific region. ©2019 Transparency Market Research, All Rights Reserved
©2019 Transparency Market Research, All Rights Reserved Some of the most prominent players • • • • • • Schlumberger-OneSubea Kongsberg Maritime Teledyne Marine SONARDYNE Fugro Ocean Sonics ©2019 Transparency Market Research, All Rights Reserved
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