Global Water Cut Monitors Market
The GMI Research forecasts that the Water Cut Monitors Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the rising demand for real-time monitoring devices, increasing investment in the development of additional refinery capacity, and increasing import-export activities.
Introduction of the Water Cut Monitors Market:
Water cut monitor a highly accurate online analyzer installed in a pipe to measure the H2O content of crude oil and similar liquids in a flowing stream. The water content provides the required information to operators to control the water injection rate during drilling. In the downstream sector, it also offers important information for optimal de-salters or de-watering and has the ability to measure and quantify oil in water.
Key Players of the Global Water Cut Monitors Market:
- Weatherford International LLC
- Haimo Technologies Group Corp
- Phase Dynamics Inc
- Zelentech Pte Ltd
- Agar Corporation
- Emerson Electric Co
- Phase Dynamics Inc
- Ametek Inc
- Lanzhou Haimo Technologies Co
- EESIFLO
Water Cut Monitors Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The advantages of water cut monitor over traditional measurement techniques and progressive acquisition owing to their advantages such as production control, test separators, and flow assurance are some of the factors proliferating the growth of the global water cut monitors market. In addition, the growing requirement of real-time monitoring devices and their assistance to optimize the oil production rate, detect water breakthrough and flow assurance operations. During the last few years, meter check was unavailable on-site, so refiners had to depend on supplier’s metering data on quantity and quality of crude being transferred. The refineries had to ensure that they do not lose millions of dollars due to improper supervision, which has become challenging. At present multi-phase flow meters are increasingly used for both offshore and subsea applications. They are accepted increasingly due to benefits. Water cut measurement is the most important component of multiphase meters, which is also a part of the final output. It also offers measures across a whole range of water cuts and can even differentiate between methanol, water, and gas. These features are aggravating the technology demand, especially in North America and Europe. Furthermore, nations across the world are increasing their refinery capacity to serve the growing demand for refined products, further expanding the water cut monitors market share.
Location Segment Drivers
Based on location, the market is segmented into onshore and offshore. Amongst these, offshore is contemplated to experience faster growth over the coming years. The growing demand for crude oil has fuelled offshore research and drilling operations, which has intensified the development of the offshore sector. Moreover, the swift amelioration in inspection activities is impelling the market growth.
Application Segment Drivers
On the basis of application, the separation vessel is expected to grow faster during the forecast period. These are the pressure vessels installed to segregate the produced crude oil into oil, water, and gas. The stipulation to prioritize the quality of oil acquired after separation while asserting the standards and specifications has contributed to the market growth. The aggravating dependence on unconventional resources adds to the market demand as crude oil obtained from it contains heavy water content and impurities. Therefore it is required to measure water content in oil after disaffiliation.
Regional Drivers
Based on the Regional coverage, Asia-Pacific is predicted to expand at an accelerated momentum due to their enlarged size and amplifying trade activities, mainly in Japan and South Korea, and the elevating investment in aggrandizing refineries. Moreover, huge demand for oil led by swift urbanization, industrialization, and population growth have also bolstered the market growth.
Water Cut Monitors Market Segmentation:
Segmentation by Sector
- Upstream
- Midstream
- Downstream
Segmentation by Location
- Onshore
- Offshore
Segmentation by Application
- Well Testing
- Separation Vessels
- Lease Automatic Custody Transfer (LACT)
- Tank Farm and Pipelines
- MPFM Application
- Refinery
- Others (fiscal quality measurement, well monitoring, pump protection, crude sampling)
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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