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2022
Water Cut Monitor Market

Water Cut Monitor Market by Sector (Upstream, Midstream, and Downstream), Location (Onshore and Offshore), and Application (Well Testing, Separation Vessels, Lease Automatic Custody Transfer, Tank Farms and Pipelines, MPFM Application, Refinery, and Others): Global Market Trends and Opportunities, 2021–2030

A15866
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Jul 2022 | 260 Views
   
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COVID-19

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The water cut monitor market is expected to grow in the future due to the increase in the investment activities and due to its high application in the oil & gas sector. The water content of hydrocarbons and crude oil is measured by the water cut monitors as they flow through a pipe. Water cut monitors are mostly used in the petroleum industry to determine the water cut of oil flowing from a well, the oil produced from a separator, and the crude oil transferred in pipelines and loading tankers. The water cut is the proportion of water produced to the total volume of liquids produced from an oil well. In the petroleum industry, water cut monitors calculate the water content of hydrocarbons and crude oil as they flow through a pipe. Water cut monitors are solid-state electronic instruments that ascertain the water content in an oil emulsion. The water content in crude oil provides critical information to operators to control the water injection rates during drilling. Further, in the downstream sector, water cut monitor provides essential information for optimizing de-watering or de-salters. Water meter is a significant component of water cut monitoring as it is considered a highly accurate online analyzer that is installed in a pipe and can be used as a water cut meter. In addition, other major components of water cut monitoring include water in oil analyzer and water cut analyzer, which is easy to maintain and have the ability to analytically quantify and measure oil in water.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available for Years

 2020–2030

  Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Unit

 Value (USD)

  Segments Covered

  Sector, Location, Application, and Region

  Companies Covered

Weatherford, Emerson Electric Co, Schlumberger Limited, TechnipFMC plc, Siemens, Eesiflo, Ametek Inc. Aquasant Messtechnik AG, Haimo Technologies Group Corp, and LEMIS Process.

 

COVID-19 Impact Analysis

  • The COVID-19 pandemic affected the water cut monitor market negatively as it caused disruption in the supply chain.
  • The lockdown forced the oil & gas industries to shut, which heavily impacted the water cut monitor market due to its high application.
  • Due to the pandemic, the movement were restricted, which caused the transport segment to suffer and thus, the demand for oil and gas required for them decreased. This impacted the water cut monitor system because of their dependency on the oil & gas sector.
  • The production and construction activities came to a halt due to the pandemic and the energy requirement from the oil & gas sector decreased, which affected the growth of water cut monitor system.
  • The raw material supply was interrupted due to lockdown in most countries affecting production of water cut monitors.
  • With lockdown being uplifted from countries, the energy demand is expected to increase, and thus, the market for water cut monitor system is expected to increase. 

Top Impacting Factors

The major factors that drive the growth of the global water cut monitors market include the increase in need and demand for real-time flow monitoring equipment. Further, economies across the globe increase their refining capacity to meet the growing demand for refined products. This has a positive impact on the growth of the global water cut monitor market. In addition, numerous countries are dependent on oil imports to meet their demand for hydrocarbon products, which is expected to drive the demand for the global water cut monitors market, in both exporting and importing countries. Demand for water cut monitors increases owing to the rise in investments in automation and digitization of the oil & gas sector. Moreover, offshore exploration and drilling activities are rising, due to the increase in demand for crude oil globally. However, the shift towards the renewable sources of energy for power demand has caused a restrain in the growth of oil & gas sector. This has caused a restrain in growth of water cut monitor system. The growth of the water cut monitors market in the Asia-Pacific region can be connected to increase imports from MEA countries, growth and extension of refineries, and growing speculation in the event of pipeline networks. The demand for oil and gas increases and this provides opportunity for the water cut monitor market to grow in the future. High investments are done in the pipeline network, exploration activities in the oil & gas sector, providing more opportunity for the water cut monitor market. 

Market Trends

  • The onshore oilfield assistance providers are concentrated on developing services for improving the production from mature players and thus, are coming back with exceptional drilling procedures. Therefore, improvement in digitalization rises the need for water cut meters.
  • The onshore segment is expected to dominate the market in the future. This is due to the growing demand for oil and gas. The water cut monitor system is expected to grow during this period, due to real time monitoring devices, escalating investments in developing additional refining capacity.  
  • M-Flow Technologies Ltd., a provider of accurate and repeatable measurement systems, has been officially associated with Petrobras as a supplier of water cut monitors. Petrobras operates oil tankers, distribution pipelines, thermal power plants, fertilizer plants, petrochemical units, and marine, river and lake terminals.
  • Apartment management platform introduce water monitor that cuts wastage of special and costly water for apartment and commercial complex. 
  • The Lease Automatic Custody Transfer (LACT) segment is estimated to be the fastest-growing segment of the water cut monitors. The LACT unit measures the net volume of liquid hydrocarbon, density compensation of crude, water cut, and flow rate. These factors are essential and play a crucial role in obtaining the value of the oil. The increase in import & export activities between the major oil & gas supplying and consuming nations are anticipated to boost the LACT water cut monitor market.
     

Key Benefits of Report

  • This study presents the analytical depiction of the water cut monitor market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the water cut monitor market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the water cut monitor market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed water cut monitor market analysis based on competitive intensity and how the competition will take shape in coming years

Key Market Segments

Segments Sub-segments
By Sector
  • Upstream
  • Downstream
  • Midstream
By Location
  • Onshore
  • Offshore
By Application
  • Well Testing
  • Separation Vessels
  • Lease Automatic Custody Transfer
  • Tank Farms and Pipelines
  • MPFM Applications
  • Refinery
  • Others
By REGION
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA


Key Market Players

  • Weatherford
  • Emerson Electric Co
  • Schlumberger Limited
  • TechnipFMC plc
  • Siemens
  • Eesiflo
  • Ametek Inc
  • Aquasant Messtechnik AG
  • Haimo Technologies Group Corp
  • LEMIS Process.
 
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