Water Cut Monitors Market
Water Cut Monitors Market Size, Share & Trends Analysis Report by Sector (Upstream, Downstream, and Midstream), by Location (Onshore and Offshore), and by Application (Well Testing, Separation Vessels, Lease Automatic Custody Transfer, Tank Farms and Pipelines, MPFM Applications, and Refinery), Forecast Period (2024-2031)
Water cut monitors market is anticipated to grow at a CAGR of 4.2% during the forecast period (2024-2031). A water cut monitor measures the water content (cut) of crude oil and hydrocarbons as they flow through a pipeline. A major factor supporting the market growth is growing offshore oil & gas exploration activities. In recent months, several oil majors have emphasized the need for greater investment in oil and gas.
Market Dynamics
Growing Environmental Concerns Against Crude Oil Production
Petroleum has a broad and diverse environmental impact due to its vast applications. Nonetheless, large amounts of toxic and non-toxic waste are produced during oil and gas extraction, processing, and transportation. Some industrial by-products, such as volatile organic compounds, nitrogen and sulfur compounds, and spilled oil, can pollute the air, water, and soil to unsafe levels if they are not properly controlled. Industry emissions of greenhouse gases like carbon dioxide (CO2) and methane and microparticulate aerosols like black carbon exacerbate global impacts like climate change, ocean acidification, and sea-level rise. Further, fossil fuel extraction is the most significant contributor to the continual buildup of carbon in the earth's biosphere of all human activities. According to the International Energy Agency and others, oil and gas consumption accounted for almost 55.0% (18.0 billion tons) of 32.8 billion tonnes (BT) of CO2 released into the atmosphere in 2017. In 2018, total emissions increased by 1.7% to 33.1 billion tons, the highest level in over a decade.
Rising Demand from Industries such as Oil and Gas
The global water cut monitors market is experiencing steady growth due to rising demand from various industries such as oil and gas, chemical, and water treatment. Water cut monitors are used to measure the water content in oil and gas streams, which helps in optimizing production and preventing corrosion. The market is expected to witness significant growth in the coming years, driven by increasing investments in oil and gas exploration and production activities. Technological advancements such as the development of wireless and non-contact water cut monitors are also expected to contribute to market growth. Additionally, the growing focus on environmental sustainability and water conservation is likely to result in increased adoption of water cut monitors in wastewater treatment applications.
Market Segmentation
- Based on sector, the market is segmented into upstream, downstream, and midstream.
- Based on location, the market is segmented into onshore and offshore.
- Based on application, the market is segmented into well testing, separation vessels, lease automatic custody transfer, tank farms and pipelines, MPFM applications, and refineries.
Separation Vessel is Projected to Emerge as the Largest Segment
The separation vessel segment led the water cut monitors market. Separation vessels are pressure vessels installed to separate the produced crude into gas, oil, and water. Operators prioritize maintaining the quality of the oil obtained after separation while conforming to specifications and standards; this drives the demand for water-cut monitors at these separation vessels. Increasing dependence on unconventional resources has further boosted the demand for separation vessels as the crude obtained from them contains impurities and heavy water content, thereby making it necessary to measure the water content in the oil after the separation.
Upstream Segment to Hold a Considerable Market Share
The upstream segment dominated the market due to the growing demand for oil and gas. Due to real-time monitoring devices, the water cut monitor system is expected to grow during this period, escalating investments in developing additional refining capacity.
Regional Outlook
The global water cut monitor market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Global Water Cut Monitor Market Growth by Region 2024-2031
Aia-Pacific Holds Major Market Share
Among all the regions, Asia-Pacific holds a significant share The Asia-Pacific region dominates the market due to increased oil import activity, particularly in Southeast Asian countries such as South Korea and Japan, and increased investment in refinery renovations is projected to drive the monitor market forward. Because of the large expansion of the oil and gas industry in the region, North America dominated the global water shutoff monitor market in 2019. The region features several companies that do high-seas exploration and extradition in the oil and gas business. These areas are primarily responsible for producing crude oil.
Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the global water cut monitor market include Ametek Inc., Emerson Electric Co., Halliburton, and Weatherford, among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in September 2023, Endress+Hauser introduced the Waterpilot FMX21 water cut monitor, which uses a multi-frequency measurement technique to measure the water content in crude oil and hydrocarbons accurately. The device also has an intuitive touchscreen display and a user-friendly interface for easy operation.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global water cut monitor market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Ametek Inc.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Emerson Electric Co.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Halliburton
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Weatherford
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis
4. Market Segmentation
4.1. Global Water Cut Monitors Market by Sector
4.1.1. Upstream
4.1.2. Downstream
4.1.3. Midstream
4.2. Global Water Cut Monitors Market by Location
4.2.1. Onshore
4.2.2. Offshore
4.3. Global Water Cut Monitors Market by Application
4.3.1. Industrial Biotechnology
4.3.2. Well Testing
4.3.3. Separation Vessels
4.3.4. Lease Automatic Custody Transfer
4.3.5. Tank Farms and Pipelines
4.3.6. MPFM Applications
4.3.7. Refinery
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
5.4.1. Latin America
5.4.2. Middle East & Africa
6. Company Profiles
6.1. Agar Corporation
6.2. Aquasant Messtechnik AG
6.3. Delta C Technologies
6.4. Eesiflo Technologies Inc.
6.5. Haimo Technologies Group Corp.
6.6. Kam Controls
6.7. LEMIS Process
6.8. M-Flow Technologies Ltd.
6.9. Phase Dynamics
6.10. Sentech AS
6.11. Shandong Shengli Oilfield Instruments
6.12. Siemens AG
6.13. TechnipFMC Plc.
6.14. Xodus Technologies
6.15. Yuken Kogyo
6.16. Zelentech Pte Ltd.
1. GLOBAL WATER CUT MONITORS MARKET RESEARCH AND ANALYSIS BY SECTOR, 2023-2031 ($ MILLION)
2. GLOBAL WATER CUT UPSTREAM MONITORS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
3. GLOBAL WATER CUT DOWNSTREAM MONITORS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
4. GLOBAL WATER CUT MIDSTREAM MONITORS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
5. GLOBAL WATER CUT MONITORS MARKET RESEARCH AND ANALYSIS BY LOCATION, 2023-2031 ($ MILLION)
6. GLOBAL ONSHORE WATER CUT MONITORS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
7. GLOBAL OFFSHORE WATER CUT MONITORS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
8. GLOBAL WATER CUT MONITORS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
9. GLOBAL WATER CUT MONITORS MARKET FOR WELL TESTING RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
10. GLOBAL WATER CUT MONITORS MARKET FOR SEPARATION VESSELS RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
11. GLOBAL WATER CUT MONITORS MARKET FOR LEASE AUTOMATIC CUSTODY TRANSFER RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
12. GLOBAL WATER CUT MONITORS MARKET FOR TANK FARMS AND PIPELINES RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
13. GLOBAL WATER CUT MONITORS MARKET FOR MPFM APPLICATIONS RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
14. GLOBAL WATER CUT MONITORS MARKET FOR REFINERY RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
15. GLOBAL WATER CUT MONITORS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
16. NORTH AMERICAN WATER CUT MONITORS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
17. NORTH AMERICAN WATER CUT MONITORS MARKET RESEARCH AND ANALYSIS BY SECTOR, 2023-2031 ($ MILLION)
18. NORTH AMERICAN WATER CUT MONITORS MARKET RESEARCH AND ANALYSIS BY LOCATION, 2023-2031 ($ MILLION)
19. NORTH AMERICAN WATER CUT MONITORS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
20. EUROPEAN WATER CUT MONITORS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
21. EUROPEAN WATER CUT MONITORS MARKET RESEARCH AND ANALYSIS BY SECTOR, 2023-2031 ($ MILLION)
22. EUROPEAN WATER CUT MONITORS MARKET RESEARCH AND ANALYSIS BY LOCATION, 2023-2031 ($ MILLION)
23. EUROPEAN WATER CUT MONITORS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
24. ASIA-PACIFIC WATER CUT MONITORS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
25. ASIA-PACIFIC WATER CUT MONITORS MARKET RESEARCH AND ANALYSIS BY SECTOR, 2023-2031 ($ MILLION)
26. ASIA-PACIFIC WATER CUT MONITORS MARKET RESEARCH AND ANALYSIS BY LOCATION, 2023-2031 ($ MILLION)
27. ASIA-PACIFIC WATER CUT MONITORS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
28. REST OF THE WORLD WATER CUT MONITORS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
29. REST OF THE WORLD WATER CUT MONITORS MARKET RESEARCH AND ANALYSIS BY SECTOR, 2023-2031 ($ MILLION)
30. REST OF THE WORLD WATER CUT MONITORS MARKET RESEARCH AND ANALYSIS BY LOCATION, 2023-2031 ($ MILLION)
31. REST OF THE WORLD WATER CUT MONITORS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
1. GLOBAL WATER CUT MONITORS MARKET SHARE BY SECTOR, 2023 VS 2031 (%)
2. GLOBAL WATER CUT UPSTREAM MONITORS MARKET SHARE BY REGION, 2023 VS 2031 (%)
3. GLOBAL WATER CUT DOWNSTREAM MONITORS MARKET SHARE BY REGION, 2023 VS 2031 (%)
4. GLOBAL WATER CUT MIDSTREAM MONITORS MARKET SHARE BY REGION, 2023 VS 2031 (%)
5. GLOBAL WATER CUT MONITORS MARKET SHARE BY LOCATION, 2023 VS 2031 (%)
6. GLOBAL ONSHORE WATER CUT MONITORS MARKET SHARE BY REGION, 2023 VS 2031 (%)
7. GLOBAL OFFSHORE WATER CUT MONITORS MARKET SHARE BY REGION, 2023 VS 2031 (%)
8. GLOBAL WATER CUT MONITORS MARKET SHARE BY REGION, 2023 VS 2031 (%)
9. GLOBAL WATER CUT MONITORS MARKET FOR WELL TESTING SHARE BY REGION, 2023 VS 2031 (%)
10. GLOBAL WATER CUT MONITORS MARKET FOR SEPARATION VESSELS SHARE BY REGION, 2023 VS 2031 (%)
11. GLOBAL WATER CUT MONITORS MARKET FOR LEASE AUTOMATIC CUSTODY TRANSFER SHARE BY REGION, 2023 VS 2031 (%)
12. GLOBAL WATER CUT MONITORS MARKET FOR TANK FARMS AND PIPELINES SHARE BY REGION, 2023 VS 2031 (%)
13. GLOBAL WATER CUT MONITORS MARKET FOR MPFM APPLICATIONS SHARE BY REGION, 2023 VS 2031 (%)
14. GLOBAL WATER CUT MONITORS MARKET FOR REFINERY SHARE BY REGION, 2023 VS 2031 (%)
15. GLOBAL WATER CUT MONITORS MARKET SHARE BY REGION, 2023 VS 2031 (%)
16. US WATER CUT MONITORS MARKET SIZE, 2023-2031 ($ MILLION)
17. CANADA WATER CUT MONITORS MARKET SIZE, 2023-2031 ($ MILLION)
18. UK WATER CUT MONITORS MARKET SIZE, 2023-2031 ($ MILLION)
19. FRANCE WATER CUT MONITORS MARKET SIZE, 2023-2031 ($ MILLION)
20. GERMANY WATER CUT MONITORS MARKET SIZE, 2023-2031 ($ MILLION)
21. ITALY WATER CUT MONITORS MARKET SIZE, 2023-2031 ($ MILLION)
22. SPAIN WATER CUT MONITORS MARKET SIZE, 2023-2031 ($ MILLION)
23. REST OF EUROPE WATER CUT MONITORS MARKET SIZE, 2023-2031 ($ MILLION)
24. INDIA WATER CUT MONITORS MARKET SIZE, 2023-2031 ($ MILLION)
25. CHINA WATER CUT MONITORS MARKET SIZE, 2023-2031 ($ MILLION)
26. JAPAN WATER CUT MONITORS MARKET SIZE, 2023-2031 ($ MILLION)
27. SOUTH KOREA WATER CUT MONITORS MARKET SIZE, 2023-2031 ($ MILLION)
28. REST OF ASIA-PACIFIC WATER CUT MONITORS MARKET SIZE, 2023-2031 ($ MILLION)
29. LATIN AMERICA WATER CUT MONITORS MARKET SIZE, 2023-2031 ($ MILLION)
30. MIDDLE EAST AND AFRICA WATER CUT MONITORS MARKET SIZE, 2023-2031 ($ MILLION)
