Market Overview:
The global subsea sensors market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for oil and gas, mining, and other applications across the globe. The pressure sensor segment is expected to hold the largest share of the global subsea sensors market during the forecast period. This can be attributed to its ability to measure various parameters such as depth, temperature, and pressure in real time underwater conditions.
Product Definition:
A subsea sensor is a device which is used to measure or collect data from the ocean floor. These devices can be used for a variety of purposes, including monitoring environmental conditions, studying the ocean floor, and locating oil and gas deposits. Subsea sensors are important for understanding the marine environment and for locating resources beneath the ocean's surface.
Pressure Sensor:
Pressure sensor is a device that measures pressure and other physical parameters in liquids or gases. It can be used for various applications such as monitoring the flow of liquid chemicals, detecting gas leaks, measuring hydrostatic pressure in offshore oil & gas wells and monitoring subsea pressures. Pressure sensors are widely used by the oil & gas industry to monitor wellbore pressures during drilling operations.
Temperature Sensor:
A temperature sensor is an electronic device that generates and detects signals on the basis of the temperature. It can be used in various applications such as oil & gas, power generation, automotive industry, food processing industry and medical devices. The market for temperature sensors is driven by growing demand from application industries including oil & gas where it's used to measure fluid temperatures for process control purposes or to prevent equipment damage due to overheating.
Application Insights:
The oil & gas application segment accounted for the largest revenue share in 2016 and is projected to continue its dominance over the forecast period. The rising need for monitoring and controlling operations at various depths of the subsea well is expected to drive demand over the coming years.
Subsea sensors are used in a variety of applications including, but not limited to, well testing; pressure/temperature logging; flow rate measurement; acoustic/vibration logging; and water sampling & analysis. These devices also aid in avoiding or minimizing any damage caused by corrosion or other interferences on account of their sensitivity towards vibrations, temperature changes, etc., which further enhances their demand during oil & gas exploration activities.
Regional Analysis:
Asia Pacific region dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing offshore activities in countries such as China, India, Indonesia, Malaysia and Vietnam. In addition, rising demand for energy resources such as oil & gas and coalbed methane is anticipated to drive subsea sensor industry growth in this region.
The Middle East & Africa (MEA) subsea sensors market was valued at USD X million in 2017 owing to growing exploration activities off the coast of Angola and Nigeria along with other African countries that are major producers of crude oil including Egypt, South Africa.
Growth Factors:
- Increasing demand for subsea sensors in the oil and gas industry for exploration and production activities
- Rising popularity of subsea sensors for monitoring and controlling underwater systems
- Proliferation of autonomous underwater vehicles (AUVs) that require subsea sensors for navigation, communication, and data collection purposes
- Growing need for advanced sensor technologies to detect environmental changes and threats such as marine debris, oil spills, etc.
- Emergence of new applications areas such as renewable energy (e.g., tidal energy), which is expected to create opportunities for growth in the subsea sensors market
Scope Of The Report
Report Attributes
Report Details
Report Title
Subsea Sensors Market Research Report
By Type
Pressure Sensor, Temperature Sensor
By Application
Oil & Gas, Mining, Other
By Companies
Stellar Technology, Advanced Sensors, Siemens, GE, RMSpumptools, Honeywell, ABB, Fuji, Danfoss
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
192
Number of Tables & Figures
135
Customization Available
Yes, the report can be customized as per your need.
Global Subsea Sensors Market Report Segments:
The global Subsea Sensors market is segmented on the basis of:
Types
Pressure Sensor, Temperature Sensor
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil & Gas, Mining, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Stellar Technology
- Advanced Sensors
- Siemens
- GE
- RMSpumptools
- Honeywell
- ABB
- Fuji
- Danfoss
Highlights of The Subsea Sensors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Pressure Sensor
- Temperature Sensor
- By Application:
- Oil & Gas
- Mining
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Subsea Sensors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Subsea sensors are devices that measure physical or chemical properties of the sea floor. They can be used to map the seafloor, monitor environmental conditions, and detect oil spills.
Some of the major companies in the subsea sensors market are Stellar Technology, Advanced Sensors, Siemens, GE, RMSpumptools, Honeywell, ABB, Fuji, Danfoss.
The subsea sensors market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Subsea Sensors Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Subsea Sensors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Subsea Sensors Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Subsea Sensors Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Subsea Sensors Market Size & Forecast, 2020-2028
4.5.1 Subsea Sensors Market Size and Y-o-Y Growth
4.5.2 Subsea Sensors Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Pressure Sensor
5.2.2 Temperature Sensor
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Oil & Gas
6.2.2 Mining
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Subsea Sensors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Subsea Sensors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Pressure Sensor
9.6.2 Temperature Sensor
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Oil & Gas
9.10.2 Mining
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Pressure Sensor
10.6.2 Temperature Sensor
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Oil & Gas
10.10.2 Mining
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Pressure Sensor
11.6.2 Temperature Sensor
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Oil & Gas
11.10.2 Mining
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Pressure Sensor
12.6.2 Temperature Sensor
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Oil & Gas
12.10.2 Mining
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Pressure Sensor
13.6.2 Temperature Sensor
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Oil & Gas
13.10.2 Mining
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Subsea Sensors Market: Competitive Dashboard
14.2 Global Subsea Sensors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Stellar Technology
14.3.2 Advanced Sensors
14.3.3 Siemens
14.3.4 GE
14.3.5 RMSpumptools
14.3.6 Honeywell
14.3.7 ABB
14.3.8 Fuji
14.3.9 Danfoss
