MarketsandMarkets research report, “Oil & Gas Sensors Market by Type, Connectivity, Application, Sector, and Region -Global Forecast to 2023”, foresees the oil and gas sensors market growing from $7.4 billion in 2018 to $9.4 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period. Factors driving the market include growing IoT in the oil and gas industry.
- Pressure sensors segment is expected to grow at the highest CAGR during the forecast period
- Wireless sensors are expected to grow at the highest CAGR during the forecast period
- North America is expected to hold the largest market size in the forecast period
- Major vendors in the Oil & Gas Sensors Market include Emerson (US), ABB (Switzerland), GE (US), Indutrade (Sweden), BD Sensors (Germany), Lord (US), MTS Sensors (US), Bosch (Germany), Rockwell (US), TE Connectivity (Switzerland), Fortive (US), and Siemens (Germany).
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