Global Underwater Monitoring System for Oil and Gas Market Anticipated to Reach US$ 1181.332 Mn by 2025

Transparency Market Research has released a new market report titled “Underwater Monitoring System for Oil and Gas Market -Global Industry Analysis, Size, Share, Growth Trends and Forecasts 2017–2025.” According to the report, the global Underwater Monitoring System for oil and gas market was valued at US$ 680.0 Mn in 2016 and is estimated to reach US$ 1181.3 Mn by 2025, expanding at a CAGR of 6.43% between 2017 and 2025.

Browse the full report at@ http://www.transparencymarketresearch.com/underwater-monitoring-system.html

Underwater monitoring systems is culmination of various sensors, equipments and technology which gather the real time data and making it available for fast paced decision making which is a key process in high risk and complex oil and gas industry. Subsea structure monitoring, asset Integrity monitoring, underwater pipeline integrity monitoring are some of the key applications of underwater monitoring system for oil and gas market.

Strict regulatory norms of safety and environment related to oil and gas industry and increased environmental concerns are the key drivers for underwater monitoring system for oil and gas market. The underwater monitoring system provides real time data about health of subsea oil and gas production installations, underwater pipeline integrity, and rig infrastructure. This real time data enhances the ability of quick and better decision making which further prevents any potential of failure of system.

Currently, Asia Pacific leads the global underwater monitoring system for oil and gas market. It is followed by Middle East and Europe. Asia Pacific held the largest share of the underwater monitoring market for oil & gas in 2016. Growth of the region is primarily ascribed to the development of equipment demand from industries, especially in ASEAN countries, China and Japan. The development of the offshore field in the Asia Pacific regions with the recent discoveries of oil and gas fields in Australia, Thailand and the South China Sea are expected to witness considerable drilling in the region.

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The Asia Pacific region is also among the largest consumers of Oil & Gas following by North America, continuous increase in demand would add on the drilling and sensing equipment demand in the forecast period. As the region is heavily dependent on imports, and further this increase in demand is an opportunity for the most of global companies to tap into the burgeoning market in the forecast period.

Key players in the underwater monitoring system for oil and gas market include Kongsberg Maritime, Schlumberger-OneSubea, SONARDYNE, Teledyne Marine, Fugro, DSPComm, Ocean Sonics, KCF Technologies, and Mitcham Industries.

The report segments the global Underwater Monitoring System for oil and gas market as follows:

Underwater Monitoring System for oil and gas Market: Subsea Sensor Analysis

  • Pressure Sensors

  • Temperature Sensors

  • Proximity Sensors

  • Inclinometers

  • Rotation Sensors

  • Load Sensors for Tension and

  • Compression

  • Linear Displacement Gauges

  • Flexible pipe systems

  • Riser Technology

  • Pipeline type

Underwater Monitoring System for oil and gas Market: Monitoring Systems

  • Acoustic Sensor Market

    • Acoustic underwater Vehicle

    • Acoustic Doppler Current Profiler

    • Sonobuoys

    • Hydrophones

      • Cable Hydrophones

      • Autonomous Hydrophones

    • Others

  • Wireless Sensors networks

    • 3G/GPRS Communication Module

    • RTU

    • SCADA

  • Satellite Radio Navigation

Underwater Monitoring System for oil and gas Market: Communication Method Analysis

  • FDMA (Frequency Division Multiple Access)

  • TDMA (Time Division Multiple Access)

  • CDMA (Code Division Multiple Access)

  • SDMA (Space Division Multiple Access)

Underwater Monitoring System for oil and gas Market: Regional Analysis

  • North America

    • U.S.

    • Canada

  • Europe

    • France

    • U.K.

    • Spain

    • Germany

    • Rest of Europe

  • Asia Pacific

    • China

    • Japan

    • India

    • ASEAN

    • Rest of Asia Pacific

  • Latin America

    • Brazil

    • Mexico

    • Rest of Latin America

  • Middle East & Africa (MEA)

    • GCC

    • South Africa

    • Rest of MEA

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