Global Water Cut Monitors market Overview

The Water Cut Monitors market is expected to grow from an estimated USD 188 million in 2019 to USD 241 million by 2024, at a CAGR of 5.0%, during the forecast period. The growth of the Water Cut Monitors market can be attributed to the rising demand for advanced and precise real-time monitoring instruments from the oil & gas sector, especially for upstream applications.

The water cut monitors market is dominated by a few global players. The key players operating in this market include Weatherford (Switzerland), Emerson (US), Phase Dynamics (US), and Ametek Inc. (US).

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This research report categorizes the water cut monitors market-based on sector, location, application, and region.

Based on the sector:

• Upstream
• Midstream
• Downstream

Based on the location:

• Onshore
• Offshore

Based on the application:

• Well Testing
• Separation Vessels
• Lease Automatic Custody Transfer (LACT)
• Tank Farm and Pipelines
• MPFM Application
• Refinery
• Others (fiscal quality measurement, well monitoring, pump protection, crude sampling)

Based on the region:

• Asia Pacific
• Europe
• North America
• South America
• Middle East & Africa

The onshore oilfield service providers are focused on improving services for enhancing the production from mature fields and thus are coming up with advanced drilling procedures. Therefore, enhancement in digitalization increases the demand for water cut meters. With the adoption of water cut monitors, oil & gas operators can monitor water cut at upstream, midstream, and downstream applications. During drilling, accurate water cut measurement is crucial, as the oil operator wants to supply oil with minimum impurities at all stages of the supply chain to get maximum returns in terms of revenue. Thus, rising demand for real-time measurement instruments from oil operators in regions such as North America and Europe to manage production, reduce downtime, and incur lower human risk is a key factor driving the growth of the water cut monitors market.

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Water cut monitors in the upstream sector are primarily used in well testing, separation vessel, and MPFM applications. The upstream sector is experiencing rapid digitalization by transforming traditional operating models into smarter operations, which reduces nonproductive time. Additionally, there has been a considerable increase in drilling activities globally. For instance, the total numbers of new wells drilled globally were approximately 71,000 in 2018, of which, about 4,000 were offshore and the remaining 67,000 onshore. The new well drilling activity witnessed a y-o-y growth of 7% from 2017. Thus, rising drilling activities and increasing adoption of real-time monitoring systems are major factors expected to drive the demand for water cut monitors in the upstream sector.

The Asia Pacific market is expected to lead the Water Cut Monitors market by region. The growth of the Water Cut Monitors market in the Asia Pacific region can be attributed to rising imports from Middle East countries, development, and expansion of refineries, and increasing investment in the development of pipeline networks.

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Key Questions Addressed by the Report

• The report identifies and addresses the key segments of the water cut monitors, which will help water cut monitor and flow, meter manufacturers and service providers, review the growth in demand.
• The report helps system providers understand the pulse of the market and provides insights regarding the drivers, restraints, opportunities, and challenges.
• The report will help key players understand the strategies of their competitors better and make more pivotal strategic decisions.
• The report addresses the market share analysis of key players in the Water cut monitors, and with the help of this, companies can enhance their revenues in the respective markets.
• The report provides insights about emerging geographies for water cut, and hence, the entire market ecosystem can gain a competitive advantage.

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