Water Cut Monitors Market Study (2019-2024): Lack of Players Providing Water Cut Monitors for Subsea Applications Presents Industry Opportunities

DUBLIN, Dec. 12, 2019 /PRNewswire/ -- The "Water Cut Monitors Market by Sector (Upstream, Midstream, Downstream) Location (Onshore, Offshore) Application (Well Testing, Separation Vessel, LACT, Tank Farm & Pipeline, MPFM Applications, Refinery), Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The Global Water Cut Monitors Market is expected to grow from an estimated USD 188 million in 2019 to USD 241 million by 2024, at a CAGR of 5%, during the forecast period.

• This report provides a picture of the water cut monitors market and its segments across industries and regions.
• It aims at estimating the market size and future growth potential of the market across different segments such as sector, location, application, and region.
  
• Furthermore, the report includes an in-depth competitive analysis of the key players in the market, along with their company profiles, recent developments, and key market strategies.

The key players in the water cut monitors market include Weatherford (Switzerland), Emerson (US), Phase Dynamics (US), and Ametek Inc. (US).

The growth of the water cut monitors market can be attributed to the rising investment in developing pipeline infrastructure and increasing deep-water E&P activities. Additionally, the oil & gas production in mature wells results in water cut situations, consequently boosting the water cut monitors market within mature oil & gas fields.

The Lease automatic custody transfer (LACT) segment is expected to grow at the highest CAGR from 2019 to 2024
The Lease automatic custody transfer (LACT) segment is estimated to be the fastest-growing segment of the water cut monitors market, by application, from 2019 to 2024. The LACT unit measures the net volume of liquid hydrocarbon, density compensation of crude, water cut, and flow rate. These factors are essential and play a crucial role in obtaining the value of the oil. The increase in import & export activities between the major oil & gas supplying and consuming nations are anticipated to boost the LACT water cut monitor market during the forecast period.

Asia-Pacific: The largest market for water cut monitors
The Asia-Pacific market at present is the largest water cut monitors market, accompanied by the markets in Europe, North America, South America, and the Middle East & Africa. The region has an excessive demand for oil because of the increased industrialization, urbanization, and population growth. Additionally, according to the BP Energy Outlook 2040, by 2040, the Asia Pacific region is anticipated to account for around 42% of the global liquid (oil, gas-to-liquids, biofuels, and coal-to-liquids) consumption which is expected to propel the water cut monitors market in the Asia Pacific region.

Why Buy This Report?

• The report identifies and addresses the critical markets for water cut monitors, which would help OEMs review the growth in demand for the product.
• The report helps solutions providers understand the pulse of the market and provides insight into drivers, restraints, and challenges.
• The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Water Cut Monitors Market During the Forecast Period
4.2 Water Cut Monitors Market, By Region
4.3 Asia Pacific Water Cut Monitors Market, By Sector & Country
4.4 Water Cut Monitors Market, By Location
4.5 Water Cut Monitors Market, By Application
4.6 Water Cut Monitors Market, By Sector

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Need for Real-Time Measuring Devices in North America and Europe
5.2.1.2 Advantages of Water Cut Monitors Over Conventional Measurement Techniques
5.2.2 Restraints
5.2.2.1 Fluctuating Crude Oil Prices
5.2.3 Opportunities
5.2.3.1 Digitalization of Oilfields
5.2.3.2 Lack of Players Providing Water Cut Monitors for Subsea Applications
5.2.4 Challenges
5.2.4.1 High Initial Cost of Water Cut Monitors

6 Water Cut Monitors Market, By Sector
6.1 Introduction
6.1.1 Upstream
6.1.1.1 The Demand for Water Cut Monitors in the Upstream Sector is Driven By the Rise in Digitalization and Increasing Exploration & Production Activities
6.1.2 Midstream
6.1.2.1 Rising Import and Export Activities Globally are Expected to Drive the Midstream Water Cut Monitors Market
6.1.3 Downstream
6.1.3.1 Rising Refining Capacities Due to Increasing Demand for Refined Products are Expected to Drive the Downstream Water Cut Monitors Market

7 Water Cut Monitors Market, By Location
7.1 Introduction
7.1.1 Onshore
7.1.1.1 Demand for Water Cut Monitors is Primarily Driven By Onshore Horizontal and Vertical Well Drilling Activities
7.1.2 Offshore
7.1.2.1 Extensive Shale Gas and Tight Oil Exploration Combined With Digitalization are Expected to Drive the Water Cut Monitors Market

8 Water Cut Monitors Market, By Application
8.1 Introduction
8.2 Separation Vessel
8.2.1 Rising Demand for Precise Monitoring Devices is Driving the Separation Vessel Water Cut Monitors Market
8.3 LACT
8.3.1 Rising Crude Oil & Gas Import Activities in the Asia Pacific Region to Drive the LACT Market During the Forecast Period
8.4 Mpfm Applications
8.4.1 The Rise in Subsea E&P Activates is Expected to Drive the Demand for Mpfm Water Cut Monitors During the Forecast Period
8.5 Tank Farm & Pipeline
8.5.1 Upcoming Pipeline Projects are Driving the Water Cut Monitors Market
8.6 Well Testing
8.6.1 Increasing Number of Well Drilling Activities are Driving the Water Cut Monitors Market
8.7 Refinery
8.7.1 Increasing Refinery Capacity and Increasing Number of Refineries are Driving the Water Cut Monitors Market
8.8 Others

9 Water Cut Monitors Market, By Region
9.1 Introduction
9.2 Asia-Pacific
9.3 North America
9.4 Europe
9.5 Middle East & Africa
9.6 South America

10 Competitive Landscape
10.1 Overview
10.2 Ranking of Players and Industry Concentration, 2018
10.3 Competitive Scenario
10.3.1 Mergers & Acquisitions
10.3.2 Contracts & Agreements
10.3.3 New Product Launches
10.3.4 Partnerships/Collaborations/Joint Ventures/Mergers & Acquisitions
10.4 Competitive Leadership Mapping
10.4.1 Visionary Leaders
10.4.2 Innovators
10.4.3 Dynamic
10.4.4 Emerging

11 Company Profiles
11.1 Weatherford
11.1.1 Business Overview
11.1.2 Product Offerings
11.1.3 Recent Developments
11.1.4 SWOT Analysis
11.2 Emerson
11.3 Schlumberger
11.4 TechnipFMC
11.5 Ametek Inc.
11.6 EESIFLO
11.7 Phase Dynamics
11.8 Zelentech
11.9 Kam Controls
11.10 M-Flow Technologies
11.11 Delta C Technologies
11.12 Sentech AS
11.13 Agar Corporation
11.14 LEMIS Process
11.15 Haimo Technologies
11.16 Aquasant

For more information about this report visit https://www.researchandmarkets.com/r/8lz4km

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