A $1.1 Billion Global Opportunity for Underwater Monitoring System for Oil and Gas by 2026 - New Research from StrategyR

SAN FRANCISCO, July 4, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Underwater Monitoring System for Oil and Gas - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
What's New for 2022?

• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to our digital archives and MarketGlass Research Platform
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Edition: 8; Released: January 2022
Executive Pool: 456
Companies: 42 - Players covered include Dspcomm; Fugro N.V.; KCF Technologies, Inc.; Kongsberg Maritime AS; Mitcham Industries, Inc.; Schlumberger - Onesubsea; Sonardyne International Ltd.; Teledyne Marine and Others.
Coverage: All major geographies and key segments
Segments: Communication Method (FDMA, TDMA, CDMA, SDMA); Subsea Sensor (Pressure Sensors, Temperature Sensors, Proximity Sensors, Inclinometers, Riser Technology, Other Subsea Sensors)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Underwater Monitoring System for Oil and Gas Market to Reach $1.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Underwater Monitoring System for Oil and Gas estimated at US$790.9 Million, is projected to reach a revised size of US$1.1 Billion by 2026, growing at a CAGR of 5% over the analysis period. Pressure Sensors, one of the segments analyzed in the report, is projected to record a 6.1% CAGR and reach US$368.4 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Temperature Sensors segment is readjusted to a revised 4.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $249.7 Million in 2021, While China is Forecast to Reach $189.1 Million by 2026
The Underwater Monitoring System for Oil and Gas market in the U.S. is estimated at US$249.7 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$189.1 Million by the year 2026 trailing a CAGR of 4.7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.9% and 3.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.

Proximity Sensors Segment to Reach US$75.9 Million by the year 2026
In the global Proximity Sensors segment, USA, Canada, Japan, China and Europe will drive the 3.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$47.9 Million will reach a projected size of US$62.8 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.