Oil & Gas Sensors Market A Big Deal By 2023

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.

 

Report Highlights

Sponsored by Anritsu Company

New VNA technologies enable mmWave broadband testing to 220 GHz, helping researchers and engineers to overcome test challenges and simplify mmWave testing.

Application development in the mmWave frequencies is growing. Broadband testing over hundreds of GHz of bandwidth is subject to repeatability/accuracy deficits, and engineers demand solutions to help overcome challenges and simplify mmWave testing.
  • 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). 

For deeper insights, request for free sample of the “Oil & Gas Sensors Market” report.

 

MarketsandMarkets Inc.

Northbrook, IL

888-600-6441

[email protected]

https://www.marketsandmarkets.com

Suggested Articles

The COVID-19 (coronavirus) crisis cast an even darker cloud over the electronics industry this past week.

Broadly, Goldman Sachs believes U.S. companies will see no earnings growth in 2020

Demands for greater positional and navigational accuracy in more computing applications point to a bright future for 3D camera supplier Orbbecc.