Europe Oil & Gas Sensors Market Forecast to 2031 – Regional Analysis – by Type (Pressure Sensor, Temperature Sensor, Flow Sensor, and Level Sensor), Connectivity (Wired and Wireless), Function (Remote Monitoring, Condition Monitoring and Maintenance, Analysis and Simulation, and Others), and Application (Upstream, Midstream, and Downstream)
The Europe oil & gas sensors market was valued at US$ 1,555.46 million in 2023 and is expected to reach US$ 2,364.17 million by 2031; it is estimated to register a CAGR of 5.4% from 2023 to 2031.
Growing Demand for Ultrasonic Sensors in Oil & Gas Applications Drives Europe Oil & Gas Sensors Market
The oil & gas business is becoming increasingly important as countries look for alternative decarbonized renewable energy sources. However, the growing demand for oil & gas has put additional strain on existing infrastructure that must meet new levels of productivity, dependability, and efficiency. To meet these demands, companies operating in the oil & gas sensors market, such as Fuji Electric Co Ltd, Honeywell International Inc, Siemens AG, Murata Manufacturing Co Ltd, and others, are offering ultrasonic sensors that measure liquids in severe and complex process conditions. These sensors are widely used for remote monitoring, condition monitoring & maintenance, analysis & simulation, and flow control in various oil & gas applications. An ultrasonic flow sensor is used in upstream, midstream, and downstream applications to compute the mass flow or volume flow of fluids in pipelines, tanks, and other processing equipment. They also monitor equipment such as monitor pumps, flowlines, valves, and any other component that requires a precise flow rate in order to maintain the flow of oil. Moreover, the growing demand for non-intrusive measurement in midstream and downstream oil & gas applications is increasing the demand for ultrasonic sensors for monitoring liquid volumes during the various chemical reactions at the refining and purification processes. These sensors accurately monitor the flow of liquid without interrupting ongoing operations.
Additionally, the rising demand and adoption of smart ultrasonic sensors in a variety of oil & gas applications is driving the market. For instance, in May 2023, Polysense Technologies Inc. launched iEdge 4.0-based smart ultrasonic sensors to offer a wide range of monitoring capabilities in upstream, midstream, and downstream applications. iEdge 4.0-based smart ultrasonic sensors are highly capable of measuring waste overflow, distance, and oil consumption and provide accurate data to users. This data further helps oil & gas operator to improve their operational efficiency and reduce additional costs, which is propelling the market.
Europe Oil & Gas Sensors Market Overview
Germany, the UK, France, Italy, Spain, Russia, and other European countries are experiencing a rise in the adoption of technologically advanced devices and equipment. IoT-based wireless sensors help prevent overheating and equipment malfunctions in critical environments of research laboratories, oil plants, and gas pipelines. Sensor companies in European countries are engaging in strategic developments to grow their businesses in the region. In January 2023, Italcoppie Sensori Srl signed an agreement to acquire Reckmann GmbH to expand its presence in Germany. The acquisition allows both companies to develop and upgrade their existing portfolio of temperature sensors. Temperature sensors are being used as early warning systems to prevent fire accidents.
Europe Oil & Gas Sensors Market Revenue and Forecast to 2031 (US$ Million)
Europe Oil & Gas Sensors Market Segmentation
The Europe oil & gas sensors market is categorized into type, connectivity, function, application, and country.
Based on type, the Europe oil & gas sensors market is segmented pressure sensor, temperature sensor, flow sensor, and level sensor. The pressure sensor segment held the largest market share in 2023.
In terms of connectivity, the Europe oil & gas sensors market is bifurcated into wired and wireless. The wired segment held a larger market share in 2023.
By function, the Europe oil & gas sensors market is segmented into remote monitoring, condition monitoring and maintenance, analysis and simulation, and others. The remote monitoring segment held the largest market share in 2023.
By application, the Europe oil & gas sensors market is segmented into upstream, midstream, and downstream. The upstream segment held the largest market share in 2023.
By country, the Europe oil & gas sensors market is segmented into the UK, Germany, France, Italy, Russia, and the Rest of Europe. Germany dominated the Europe oil & gas sensors market share in 2023.
Honeywell International Inc, TE Connectivity Ltd, Robert Bosch GmbH, ABB Ltd, Siemens AG, Rockwell Automation Inc, Analog Devices Inc, Emerson Electric Co, SKF AB, and GE Vernova are some of the leading companies operating in the Europe oil & gas sensors market.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Europe Oil & Gas Sensors Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain
5. Europe Oil & Gas Sensors Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Demand for Ultrasonic Sensors in Oil and Gas Applications
5.1.2 Expanding Oil and Gas Industry
5.1.3 Development of Internet of Things (IoT)-based Sensors
5.2 Market Restraints
5.2.1 High Costs Associated with Oil and Gas Sensors
5.3 Market Opportunities
5.3.1 Rising Investment in Capacity Expansion of Offshore Projects
5.3.2 Increasing Technological Advancements
5.4 Future Trends
5.4.1 Evolution of 5G Technology
5.5 Impact of Drivers and Restraints:
6. Oil & Gas Sensors Market – Europe Analysis
6.1 Europe Oil & Gas Sensors Market Revenue (US$ Million), 2021–2031
6.2 Europe Oil & Gas Sensors Market Forecast Analysis
7. Europe Oil & Gas Sensors Market Analysis – by Type
7.1 Pressure Sensor
7.1.1 Overview
7.1.2 Pressure Sensor: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Temperature Sensor
7.2.1 Overview
7.2.2 Temperature Sensor: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Flow Sensor
7.3.1 Overview
7.3.2 Flow Sensor: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
7.4 Level Sensor
7.4.1 Overview
7.4.2 Level Sensor: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
8. Europe Oil & Gas Sensors Market Analysis – by Connectivity
8.1 Wired
8.1.1 Overview
8.1.2 Wired: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Wireless
8.2.1 Overview
8.2.2 Wireless: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
9. Europe Oil & Gas Sensors Market Analysis – by Function
9.1 Remote Monitoring
9.1.1 Overview
9.1.2 Remote Monitoring: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
9.2 Condition Monitoring and Maintenance
9.2.1 Overview
9.2.2 Condition Monitoring and Maintenance: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
9.3 Analysis and Simulation
9.3.1 Overview
9.3.2 Analysis and Simulation: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
9.4 Others
9.4.1 Overview
9.4.2 Others: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
10. Europe Oil & Gas Sensors Market Analysis – by Application
10.1 Upstream
10.1.1 Overview
10.1.2 Upstream: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
10.2 Midstream
10.2.1 Overview
10.2.2 Midstream: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
10.3 Downstream
10.3.1 Overview
10.3.2 Downstream: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
11. Europe Oil & Gas Sensors Market – Country Analysis
11.1 Europe
11.1.1 Europe Europe Oil & Gas Sensors Market Overview
11.1.2 Europe Oil & Gas Sensors Market Breakdown, by Key Countries, 2023 and 2031 (%)
11.1.2.1 Europe Oil & Gas Sensors Market – Revenue and Forecast Analysis – by Country
11.1.2.2 United Kingdom: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
11.1.2.2.1 United Kingdom: Europe Oil & Gas Sensors Market Breakdown, by Type
11.1.2.2.2 United Kingdom: Europe Oil & Gas Sensors Market Breakdown, by Connectivity
11.1.2.2.3 United Kingdom: Europe Oil & Gas Sensors Market Breakdown, by Function
11.1.2.2.4 United Kingdom: Europe Oil & Gas Sensors Market Breakdown, by Application
11.1.2.3 Germany: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
11.1.2.3.1 Germany: Europe Oil & Gas Sensors Market Breakdown, by Type
11.1.2.3.2 Germany: Europe Oil & Gas Sensors Market Breakdown, by Connectivity
11.1.2.3.3 Germany: Europe Oil & Gas Sensors Market Breakdown, by Function
11.1.2.3.4 Germany: Europe Oil & Gas Sensors Market Breakdown, by Application
11.1.2.4 France: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
11.1.2.4.1 France: Europe Oil & Gas Sensors Market Breakdown, by Type
11.1.2.4.2 France: Europe Oil & Gas Sensors Market Breakdown, by Connectivity
11.1.2.4.3 France: Europe Oil & Gas Sensors Market Breakdown, by Function
11.1.2.4.4 France: Europe Oil & Gas Sensors Market Breakdown, by Application
11.1.2.5 Italy: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
11.1.2.5.1 Italy: Europe Oil & Gas Sensors Market Breakdown, by Type
11.1.2.5.2 Italy: Europe Oil & Gas Sensors Market Breakdown, by Connectivity
11.1.2.5.3 Italy: Europe Oil & Gas Sensors Market Breakdown, by Function
11.1.2.5.4 Italy: Europe Oil & Gas Sensors Market Breakdown, by Application
11.1.2.6 Russia: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
11.1.2.6.1 Russia: Europe Oil & Gas Sensors Market Breakdown, by Type
11.1.2.6.2 Russia: Europe Oil & Gas Sensors Market Breakdown, by Connectivity
11.1.2.6.3 Russia: Europe Oil & Gas Sensors Market Breakdown, by Function
11.1.2.6.4 Russia: Europe Oil & Gas Sensors Market Breakdown, by Application
11.1.2.7 Rest of Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
11.1.2.7.1 Rest of Europe Oil & Gas Sensors Market Breakdown, by Type
11.1.2.7.2 Rest of Europe Oil & Gas Sensors Market Breakdown, by Connectivity
11.1.2.7.3 Rest of Europe Oil & Gas Sensors Market Breakdown, by Function
11.1.2.7.4 Rest of Europe Oil & Gas Sensors Market Breakdown, by Application
12. Competitive Landscape
12.1 Heat Map Analysis By Key Players
12.2 Company Positioning & Concentration
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Product News & Company News
14. Company Profiles
14.1 Honeywell International Inc
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 TE Connectivity Ltd
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Robert Bosch GmbH
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 ABB Ltd
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Siemens AG
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Rockwell Automation Inc
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Analog Devices Inc
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Emerson Electric Co
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 SKF AB
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 GE Vernova
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
List of Tables
Table 1. Europe Oil & Gas Sensors Market Segmentation
Table 2. List of Vendors
Table 3. Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
Table 4. Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 5. Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Connectivity
Table 6. Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Function
Table 7. Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 8. Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 9. United Kingdom: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 10. United Kingdom: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Connectivity
Table 11. United Kingdom: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Function
Table 12. United Kingdom: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 13. Germany: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 14. Germany: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Connectivity
Table 15. Germany: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Function
Table 16. Germany: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 17. France: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 18. France: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Connectivity
Table 19. France: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Function
Table 20. France: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 21. Italy: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 22. Italy: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Connectivity
Table 23. Italy: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Function
Table 24. Italy: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 25. Russia: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 26. Russia: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Connectivity
Table 27. Russia: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Function
Table 28. Russia: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 29. Rest of Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 30. Rest of Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Connectivity
Table 31. Rest of Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Function
Table 32. Rest of Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 33. List of Abbreviation
List of Figures
Figure 1. Europe Oil & Gas Sensors Market Segmentation, by Country
Figure 2. Europe Oil & Gas Sensors Market – Key Market Dynamics
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Europe Oil & Gas Sensors Market Revenue (US$ Million), 2021–2031
Figure 5. Europe Oil & Gas Sensors Market Share (%) – by Type (2023 and 2031)
Figure 6. Pressure Sensor: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
Figure 7. Temperature Sensor: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
Figure 8. Flow Sensor: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
Figure 9. Level Sensor: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
Figure 10. Europe Oil & Gas Sensors Market Share (%) – by Connectivity (2023 and 2031)
Figure 11. Wired: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
Figure 12. Wireless: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
Figure 13. Europe Oil & Gas Sensors Market Share (%) – by Function (2023 and 2031)
Figure 14. Remote Monitoring: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
Figure 15. Condition Monitoring and Maintenance: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. Analysis and Simulation: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
Figure 17. Others: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
Figure 18. Europe Oil & Gas Sensors Market Share (%) – by Application (2023 and 2031)
Figure 19. Upstream: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
Figure 20. Midstream: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
Figure 21. Downstream: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
Figure 22. Europe Oil & Gas Sensors Market Breakdown, by Key Countries – Revenue (2023) (US$ Million)
Figure 23. Europe Oil & Gas Sensors Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 24. United Kingdom: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031(US$ Million)
Figure 25. Germany: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031(US$ Million)
Figure 26. France: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031(US$ Million)
Figure 27. Italy: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031(US$ Million)
Figure 28. Russia: Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031(US$ Million)
Figure 29. Rest of Europe Oil & Gas Sensors Market – Revenue and Forecast to 2031(US$ Million)
Figure 30. Heat Map Analysis by Key Players
Figure 31. Company Positioning & Concentration
- ABB Ltd
- Analog Devices Inc
- Emerson Electric Co
- GE Vernova
- Honeywell International Inc
- Robert Bosch GmbH
- Rockwell Automation Inc
- Siemens AG
- SKF AB
- TE Connectivity Ltd
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