How big is the Sensors in Oil and Gas Market?

The Sensors in Oil and Gas Market size is expected to reach USD 9.97 billion in 2024 and grow at a CAGR of 6.03% to reach USD 13.36 billion by 2029. Read More

What is the current Sensors in Oil and Gas Market size?

In 2024, the Sensors in Oil and Gas Market size is expected to reach USD 9.97 billion. Read More

Who are the key players in Sensors in Oil and Gas Market?

Honeywell International Inc, TE Connectivity Ltd, Robert Bosch GmbH, ABB Ltd and Siemens AG are the major companies operating in the Sensors in Oil and Gas Market. Read More

Which is the fastest growing region in Sensors in Oil and Gas Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Sensors in Oil and Gas Market?

In 2024, the Europe accounts for the largest market share in Sensors in Oil and Gas Market. Read More

What years does this Sensors in Oil and Gas Market cover, and what was the market size in 2023?

In 2023, the Sensors in Oil and Gas Market size was estimated at USD 9.37 billion. The report covers the Sensors in Oil and Gas Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Sensors in Oil and Gas Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Oil & Gas Sensors Market - Size, Share & Growth, Trends

Oil & Gas Sensors Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Oil & Gas Position Sensor Manufacturers and the Market is Segmented by Sensor Type (Gas Sensor, Temperature Sensor, Ultrasonic Sensor, Pressure Sensor, Flow Sensor, Level Sensor, Other Sensor Types), Connectivity (Wired, Wireless), Activity (Upstream, Midstream, Downstream), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Oil & Gas Sensors Industry Overview

The oil and gas sensors market is fragmented and competitive. The deployment of sensors at different oil and gas industry activities, such as upstream, midstream, and downstream, is growing at an organizational level. This creates a competitive environment among the players. Some players are Honeywell International Inc., Siemens AG, and ABB Ltd.

In March 2023, The Ministry of Electronics and Information Technology announced the launch of three IoT sensor-based products, which include a Smart Digital Thermometer, IoT Enabled Environmental Monitoring System, and a Multichannel Data Acquisition System in the CoE in IoT Sensors.

In October 2022, Honeywell displayed its latest sensor technologies at the Abu Dhabi International Petroleum Exhibition and Conference to help the transition to sustainable energy. The technologies displayed included energy storage systems, emission monitoring systems, the business's advanced plastics recycling technology, its portfolio of worker safety solutions, and carbon capture and hydrogen generation technologies.