Global Oil and Gas Sensors Market to Reach $14 Billion by 2030
The global market for Oil and Gas Sensors estimated at US$8.8 Billion in the year 2022, is projected to reach a revised size of US$14 Billion by 2030, growing at a CAGR of 6% over the analysis period 2022-2030. Pressure Sensor, one of the segments analyzed in the report, is projected to record 8.2% CAGR and reach US$5.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Temperature Sensor segment is readjusted to a revised 5.7% CAGR for the next 8-year period.The U.S. Market is Estimated at $2.4 Billion, While China is Forecast to Grow at 10.9% CAGR
The Oil and Gas Sensors market in the U.S. is estimated at US$2.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.4 Billion 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 2.7% and 4.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.Select Competitors (Total 36 Featured) -
- ABB Ltd
- BD Sensors Gmbh
- Emerson Electric Co.
- Fortive
- General Electric Company
- Honeywell
- Indutrade AB
- LORD Corporation
- MTS Sensors Technology Corp.
- Robert Bosch GmbH
- Rockwell Automation, Inc.
- TE Connectivity Ltd.
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd
- BD Sensors Gmbh
- Emerson Electric Co.
- Fortive
- General Electric Company
- Honeywell
- Indutrade AB
- LORD Corporation
- MTS Sensors Technology Corp.
- Robert Bosch GmbH
- Rockwell Automation, Inc.
- TE Connectivity Ltd.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 92 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 8.8 Billion |
Forecasted Market Value ( USD | $ 14 Billion |
Compound Annual Growth Rate | 6.0% |
Regions Covered | Global |