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The global water cut meter market size reached a value of approximately USD 314.69 million in 2023. The market is further projected to grow at a CAGR of 5.60% between 2024 and 2032, reaching a value of USD 513.87 million by 2032.
Water cut meter is a device used for measuring the water content of hydrocarbons and crude oil as they flow through a pipeline. They are generally used in the petroleum industry for measuring the water content of oil flowing from a well and of crude oil.
On the basis of product type, the market is bifurcated into onshore and offshore. Based on sector, the market is segregated into upstream and midstream. On the basis of application, the market is classified into automatic well testing, basic sediment water, separation vessels, MPFW application, lease automatic custody transfer, and pump protection, among others. Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global water cut meter market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
The onshore segment is projected to account for a significant share of the market over the forecast period. This growth can be attributed to the rising demand for real-time measuring instruments from various oil operators for minimising downtime, production management, and for reducing the human risk.
Meanwhile, rising demand for crude oil has resulted in the growth of drilling operations and offshore exploration, propelling the growth of the offshore segment.
North America is anticipated to account for a significant portion of the water cut meter market in the coming years due to increasing oil and gas production from the oil reserves in the region. The rising demand for oil and gas is also boosting the demand for water cut meters in the region. Meanwhile, Europe is expected to witness a boost in demand for water cut meters owing to increasing oil drilling activities and rising demand for natural gas.
Weatherford International plc was founded in 1987 and is headquartered in Texas, United States. The company is known for providing services and equipment used for drilling, production, and completion of oil and natural gas wells.
Emerson Electric Co is an industrial machinery manufacturing company that was established in 1890 and is based in Missouri, United States. They specialise in industrial automation and internet of things, among others.
Schlumberger Limited was founded in 1926 and is headquartered in Texas, United States. The company is known for providing technology for reservoir characterisation, processing, and drilling to the oil and gas industry.
Other players in the water cut meter market include TechnipFMC plc, ESSIFLO, Ametek, Inc, Aquasant Messtechnik AG, Haimo Technologies Group Corp., and LEMIS USA, Inc, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product Type |
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Breakup by Sector |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Water Cut Meter Market Analysis
8.1 Key Industry Highlights
8.2 Global Water Cut Meter Historical Market (2018-2023)
8.3 Global Water Cut Meter Market Forecast (2024-2032)
8.4 Global Water Cut Meter Market by Product Type
8.4.1 Onshore
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Offshore
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Water Cut Meter Market by Sector
8.5.1 Upstream
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Midstream
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Water Cut Meter Market by Application
8.6.1 Automatic Well Testing
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Basic Sediment and Water
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Separation Vessels
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 MPFW Application
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Lease Automatic Custody Transfer
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Pump Protection
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.6.7 Others
8.7 Global Water Cut Meter Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Water Cut Meter Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Water Cut Meter Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Water Cut Meter Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Water Cut Meter Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Water Cut Meter Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Weatherford International plc
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Emerson Electric Co
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Schlumberger Limited
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 TechnipFMC plc
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 ESSIFLO
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Ametek, Inc
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Aquasant Messtechnik AG
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Haimo Technologies Group Corp.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 LEMIS USA, Inc
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Water Cut Meter Market: Key Industry Highlights, 2018 and 2032
2. Global Water Cut Meter Historical Market: Breakup by Product Type (USD Billion), 2018-2023
3. Global Water Cut Meter Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
4. Global Water Cut Meter Historical Market: Breakup by Sector (USD Billion), 2018-2023
5. Global Water Cut Meter Market Forecast: Breakup by Sector (USD Billion), 2024-2032
6. Global Water Cut Meter Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Water Cut Meter Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. North America Water Cut Meter Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Water Cut Meter Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Water Cut Meter Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Water Cut Meter Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Water Cut Meter Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Water Cut Meter Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Water Cut Meter Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Water Cut Meter Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Water Cut Meter Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Water Cut Meter Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Water Cut Meter Market Structure
The market reached a value of approximately USD 314.69 million in 2023.
The market is projected to grow at a CAGR of 5.60% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 513.87 million by 2032.
The major market drivers include rising oil and gas production and growing requirement for real time measuring devices.
The key trends fuelling the growth of the market include increased emphasis on production efficiency and rising requirement for water cut meters due to increasing drilling activities.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant applications of water cut meters include automatic well testing, basic sediment water, separation vessels, MPFW application, lease automatic custody transfer, and pump protection, among others.
The key players in the global water cut meter market are Weatherford International plc, Emerson Electric Co, Schlumberger Limited, TechnipFMC plc, ESSIFLO, Ametek, Inc, Aquasant Messtechnik AG, Haimo Technologies Group Corp., and LEMIS USA, Inc, among others.
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