Rising investment in developing pipeline infrastructure to drive the growth of global water cut monitors market
According to TechSci Research report, “Global Water Cut Monitors Market By Sector, By Location, By Application, By Region, Forecast & Opportunities, 2025”, the global water cut monitors market is expected to grow at a steady rate through 2025 on account of the 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.
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The global water cut monitors market is segmented based on sector, location, application, company and region. Based on sector, the market can be categorized into upstream, midstream and downstream. The upstream segment is expected to dominate the market during forecast period since the upstream sector is experiencing rapid digitalization by transforming traditional operating models into smarter operations, which reduces non-productive time. Based on application, the market can be fragmented into well testing, separation vessel, LACT, tank farm & pipeline, MPFM applications and refinery. The separation vessel segment is expected to dominate the market during the forecast years. This can be accredited to the increasing dependence on unconventional resources.
Weatherford International plc, Emerson Electric Co., Schlumberger Limited, TechnipFMC plc, AMETEK, Inc., EESIFLO, Phase Dynamics Inc., Zelentech Pte Ltd, Kam Controls Inc., Lanzhou Haimo Technologies Co., Ltd. and others are some of the leading players operating in global water cut monitors market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.
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“Asia-Pacific is expected to dominate the global market for water cut monitors during the forecast period, owing to the increasing investment in enhancing traditional refineries. Additionally, rising import activities, especially in Southeast Asian countries such as South Korea and Japan is further anticipated to drive the market through 2025.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Water Cut Monitors Market By Sector, By Location, By Application, By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of global water cut monitors market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global water cut monitors market.
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