Oil and Gas IIoT Sensors - Global Strategic Business Report

Global Oil and Gas IIoT Sensors Market to Reach $2.1 Billion by 2030

The global market for Oil and Gas IIoT Sensors estimated at US$910.5 Million in the year 2022, is projected to reach a revised size of US$2.1 Billion by 2030, growing at a CAGR of 11.3% over the analysis period 2022-2030. Temperature, one of the segments analyzed in the report, is projected to record 11.2% CAGR and reach US$726.4 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Flow segment is readjusted to a revised 11.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $273.1 Million, While China is Forecast to Grow at 10.9% CAGR

The Oil and Gas IIoT Sensors market in the U.S. is estimated at US$273.1 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$373.2 Million by the year 2030 trailing a CAGR of 10.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.7% and 9.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 8.2% CAGR.

Select Competitors (Total 46 Featured) -

• ABB Group
• Emerson Electric Company
• General Electric Company
• Honeywell International, Inc.
• Rockwell Automation, Inc.
• Siemens AG

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