Authored By: Sarah
11 Jul 2024

 Wetgas Meters Market Size to grow by USD 681.1 million between 2024-2028

According to a research report “ Wetgas Meters Market” by Application (Onshore, Offshore) Type (Stainless steel, Brass) Geography (Europe, North America, APAC, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 681.1 million, at a CAGR of over 6% during the forecast period. In the evolving energy landscape, oil and gas companies are expanding their focus towards unconventional resources, including tight oil, shale oil, shale gas, and coalbed methane (CBM). To maximize returns on investment (ROI) in these operations, the industry requires advanced on-site processing equipment. Wetgas meters play a crucial role in unconventional, upstream oil and gas production. These meters enable the continuous measurement of oil, gas, and water from the initial hydrocarbon stream, without phase separation. Three primary types of wetgas meters are utilized in this context: positive displacement, turbine, and vortex flow. These sophisticated instruments ensure accurate and reliable measurement, contributing significantly to the efficient extraction and processing of unconventional hydrocarbons.

Browse market data tables, figures, and in-depth TOC on “Wetgas Meters Market” by Application (Onshore, Offshore) Type (Stainless steel, Brass) Geography (Europe, North America, APAC, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample

 

By Application, the Onshore segment is projected to dominate the market size in 2024

The Wetgas Meters Market represents a significant business opportunity for manufacturers and suppliers due to the increasing demand for accurate and efficient gas measurement solutions. These meters are essential for industries such as oil and gas production, power generation, and chemical processing, where precise measurement is crucial for optimizing operations and ensuring regulatory compliance. Market growth is driven by factors including technological advancements, stringent regulations, and the shift towards automation and remote monitoring.

By Type, Stainless steel  segment is expected to hold the largest market size for the year 2024

The Wetgas Meters Market represents a significant business opportunity for manufacturers and suppliers due to the increasing demand for accurate and efficient measurement solutions in various industries. These meters are essential for measuring the volume of natural gas with water content, ensuring optimal energy usage and cost savings. Market growth is driven by factors such as expanding natural gas infrastructure, regulatory compliance, and technological advancements. Companies focusing on innovation and quality are poised to capture a larger market share.

Europe is forecasted to hold the largest market size by region in 2024

The Wetgas Meters Market represents a significant business opportunity for stakeholders, with growing demand driven by increasing natural gas consumption and stringent regulations enforcing accurate metering. Market participants can anticipate robust growth, as advancements in technology facilitate higher efficiency and improved accuracy. This market segment offers potential for innovation, particularly in areas such as remote monitoring and data analytics, providing valuable insights for businesses and utilities.

The Wetgas Meters Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Apex Instruments Inc.
  • CX Instrument
  • Dermaga Oil and Gas Sdn. Bhd.
  • DP Diagnostics
  • Dr.Ing. RITTER Apparatebau GmbH and Co. KG
  • EMCO Controls AS
  • Emerson Electric Co.
  • Haimo Technologies Group Corp.
  • Instrumentation and Scientific Instruments Pvt. Ltd.
  • Iwatani Corp.
  • KROHNE Messtechnik GmbH
  • RMG Messtechnik GmbH
  • ROSEN Swiss AG
  • SEIL ENTERPRISE Co.
  • SGS Lab Instruments
  • Shinagawa Co. Ltd.
  • Tek-Trol LLC
  • THIOKA Enterprise Co. Ltd.
  • Vinci Technologies
  • Weatherford International Plc
.

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Research Analysis Overview

The Wetgas meters market is experiencing significant growth due to the industrialization and digitalization of various industries, including oil and gas, pharmaceutical, power generation, and municipal applications. The integration of IIoT solutions and smart technologies in Wetgas meters is enabling digital connectivity options, allowing for real-time monitoring and analysis of critical parameters such as temperature, pressure, and gas flow rates. Sensor technologies play a crucial role in Wetgas meters, ensuring accurate measurements of liquid droplets and pressure drop in liquid and gas phases. These meters find extensive applications in transportation, well testing, and unconventional gas reserves like shale gas production. Natural gas, a cleaner energy source, is increasingly being used in energy billing and chemical processing industries. Wetgas meters are essential in measuring the flow of liquid glycerin and natural gas in these applications. The market for Wetgas meters is expected to grow further as the demand for efficient and precise measurement solutions increases. In transportation applications, Wetgas meters are used to measure the flow of liquefied natural gas (LNG) and other liquid fuels. The ability to accurately measure the flow rate and composition of these fuels is essential for safe and efficient transportation and power generation. In conclusion, the Wetgas meters market is poised for growth due to the increasing demand for digitalization, smart technologies, and efficient measurement solutions in various industries, including oil and gas, pharmaceutical, municipal applications, and power generation. The ability to measure temperature, pressure, and gas flow rates accurately in liquid and gas phases is crucial for various applications, from well testing to energy billing and power generation.

Market Research Overview

The Wetgas Meters Market is witnessing significant growth due to the increasing demand for wireless communication systems in industrial settings and municipal applications. Wetgas meters, which measure the flow rates of liquids like glycerin, natural gas, and other liquids, are essential in various industries, including Oil & Gas, Chemical, and Municipal sectors. Advanced technologies like Coriolis meters and Ultrasonic meters are revolutionizing the market with their high accuracy and reliability. The integration of IIoT solutions, smart technologies, and digital connectivity options is enabling real-time monitoring and analysis of gas flow rates, temperature, and pressure. The market is expanding in transportation applications, horizontal drilling, and shale gas exploration, with recoverable unconventional gas reserves becoming a major focus. The World Energy Council's emphasis on cleaner energy sources and the rise of gas-based vehicles is further driving demand. Sensor technologies are playing a crucial role in improving efficiency and reducing pressure drop. AI and IoT are being integrated to enhance the performance of wetgas meters, providing valuable insights for energy billing, power generation, and chemical processing. The market is also witnessing growth in pharmaceutical and liquid applications, including temperature and pressure monitoring for well testing and shale gas production. Despite the challenges of carbon emissions, the market is expected to continue growing, offering opportunities for innovation and sustainable solutions.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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