Water cut monitors market is anticipated to grow at a CAGR of 4.2% during the forecast period (2024-2031). A water cut monitor measures the water content (cut) of crude oil and hydrocarbons as they flow through a pipeline. A major factor supporting the market growth is growing offshore oil & gas exploration activities. In recent months, several oil majors have emphasized the need for greater investment in oil and gas.
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Petroleum has a broad and diverse environmental impact due to its vast applications. Nonetheless, large amounts of toxic and non-toxic waste are produced during oil and gas extraction, processing, and transportation. Some industrial by-products, such as volatile organic compounds, nitrogen and sulfur compounds, and spilled oil, can pollute the air, water, and soil to unsafe levels if they are not properly controlled. Industry emissions of greenhouse gases like carbon dioxide (CO2) and methane and microparticulate aerosols like black carbon exacerbate global impacts like climate change, ocean acidification, and sea-level rise. Further, fossil fuel extraction is the most significant contributor to the continual buildup of carbon in the earth’s biosphere of all human activities. According to the International Energy Agency and others, oil and gas consumption accounted for almost 55.0% (18.0 billion tons) of 32.8 billion tonnes (BT) of CO2 released into the atmosphere in 2017. In 2018, total emissions increased by 1.7% to 33.1 billion tons, the highest level in over a decade.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Water Cut Monitors Market by Sector
- Upstream
- Downstream
- Midstream
Global Water Cut Monitors Market by Location
- Onshore
- Offshore
Global Water Cut Monitors Market by Application
- Industrial Biotechnology
- Well Testing
- Separation Vessels
- Lease Automatic Custody Transfer
- Tank Farms and Pipelines
- MPFM Applications
- Refinery
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- Agar Corporation
- Aquasant Messtechnik AG
- Delta C Technologies
- Eesiflo Technologies Inc.
- Haimo Technologies Group Corp.
- Kam Controls
- LEMIS Process
- M-Flow Technologies Ltd.
- Phase Dynamics
- Sentech AS
- Shandong Shengli Oilfield Instruments
- Siemens AG
- TechnipFMC Plc.
- Xodus Technologies
- Yuken Kogyo
- Zelentech Pte Ltd.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global water cut monitor market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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