Middle East & Africa 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 Middle East & Africa oil & gas sensors market was valued at US$ 396.33 million in 2023 and is expected to reach US$ 515.11 million by 2031; it is estimated to register a CAGR of 3.3% from 2023 to 2031.
Expanding Oil and Gas Industry Bolsters Middle East & Africa Oil & Gas Sensors Market
The oil & gas industry has played a significant role in the economic transformation of various countries. The industry accounted for the largest share of global consumption of energy resources. Natural gas is projected to become the fastest-growing fossil fuel in the coming years. The oil production are increasing and fulfill energy demand. According to the International Energy Agency (IEA), global oil demand is expected to rise by 6% from 2022 to 2028 and reach 105.7 million barrels per day, with a significant requirement from the aviation and petrochemical industries. Rising demand for oil among various industries increases the demand for numerous oil & gas sensors such as pressure sensors, temperature sensors, flow sensors, and level sensors for monitoring and controlling plant operations.
The expansion of the oil & gas industry is also associated with increasing investment in oil & gas exploration activities. For instance, according to the Urwald eV report published in November 2023, between 2021 and 2023, 384 businesses across the globe have reported an average capital expenditure of more than US$ 10 million in oil & gas exploration activities. The top seven companies invested in oil & gas exploration are China National Petroleum Corporation (CNPC) (US$ 5.9 billion), China National Offshore Oil Corporation (CNOOC) (US$ 3.2 billion), Saudi Aramco (US$ 2.8 billion), Pemex (US$ 2.6 billion), Sinopec Group (US$ 2.4 billion), Pioneer Natural Resources (US$ 2.1 billion), and Shell plc (US$ 2.0 billion). These investments support oil & gas companies to adopt technologically advanced oil & gas sensors by expanding their business worldwide. Thus, the expanding oil & gas industry fuels the oil & gas sensors market growth.
Middle East & Africa Oil & Gas Sensors Market Overview
Governments of several countries in the MEA are implementing various policies and regulations to encourage the adoption of advanced technologies such as IoT and AI in different industries. According to the International Trade Administration report of November 2023, the government of UAE aims to become self-sufficient in gas supplies by 2030. The UAE now imports natural gas from Qatar via the Dolphin pipeline to fuel power plants and desalination facilities. Simultaneously, the country has increased its focus on energy transition and is moving forward to adopt its "net-zero" emissions objective. This encourages oil & gas industries to adopt advanced devices that sustainably promote energy transition. In December 2022, Abu Dhabi National Oil Company (ADNOC), a global leader in the oil & gas industry, announced its intentions to focus on renewable energy, carbon capture and storage, and clean hydrogen, along with making efforts to expand its presence in the global gas, liquefied natural gas (LNG), and chemicals sectors. Thus, burgeoning investments to expand the oil & gas industry and government initiatives to promote sustainability throughout the oil production process are expected to create growth opportunities for the oil & gas sensors market in the coming years.
Middle East & Africa Oil & Gas Sensors Market Revenue and Forecast to 2031 (US$ Million)
Middle East & Africa Oil & Gas Sensors Market Segmentation
The Middle East & Africa oil & gas sensors market is categorized into type, connectivity, function, application, and country.
Based on type, the Middle East & Africa 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 Middle East & Africa oil & gas sensors market is bifurcated into wired and wireless. The wired segment held a larger market share in 2023.
By function, the Middle East & Africa 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 Middle East & Africa oil & gas sensors market is segmented into upstream, midstream, and downstream. The upstream segment held the largest market share in 2023.
By country, the Middle East & Africa oil & gas sensors market is segmented into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa 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 Middle East & Africa 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. Middle East & Africa Oil & Gas Sensors Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain
5. Middle East & Africa 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 – Middle East & Africa Analysis
6.1 Middle East & Africa Oil & Gas Sensors Market Forecast Analysis
7. Middle East & Africa Oil & Gas Sensors Market Analysis – by Type
7.1 Pressure Sensor
7.1.1 Overview
7.1.2 Pressure Sensor: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Temperature Sensor
7.2.1 Overview
7.2.2 Temperature Sensor: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Flow Sensor
7.3.1 Overview
7.3.2 Flow Sensor: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
7.4 Level Sensor
7.4.1 Overview
7.4.2 Level Sensor: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
8. Middle East & Africa Oil & Gas Sensors Market Analysis – by Connectivity
8.1 Wired
8.1.1 Overview
8.1.2 Wired: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Wireless
8.2.1 Overview
8.2.2 Wireless: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
9. Middle East & Africa Oil & Gas Sensors Market Analysis – by Function
9.1 Remote Monitoring
9.1.1 Overview
9.1.2 Remote Monitoring: Middle East & Africa 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: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 203(US$ Million)
9.3 Analysis and Simulation
9.3.1 Overview
9.3.2 Analysis and Simulation: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
9.4 Others
9.4.1 Overview
9.4.2 Others: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
10. Middle East & Africa Oil & Gas Sensors Market Analysis – by Application
10.1 Upstream
10.1.1 Overview
10.1.2 Upstream: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
10.2 Midstream
10.2.1 Overview
10.2.2 Midstream: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
10.3 Downstream
10.3.1 Overview
10.3.2 Downstream: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
11. Middle East & Africa Oil & Gas Sensors Market – Country Analysis
11.1 Middle East and Africa Oil & Gas Sensors Market Overview
11.1.1 Middle East & Africa Oil & Gas Sensors Market Breakdown, by Key Countries, 2023 and 2031 (%)
11.1.1.1 Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast Analysis – by Country
11.1.1.2 Saudi Arabia: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
11.1.1.2.1 Saudi Arabia: Middle East & Africa Oil & Gas Sensors Market Breakdown, by Type
11.1.1.2.2 Saudi Arabia: Middle East & Africa Oil & Gas Sensors Market Breakdown, by Connectivity
11.1.1.2.3 Saudi Arabia: Middle East & Africa Oil & Gas Sensors Market Breakdown, by Function
11.1.1.2.4 Saudi Arabia: Middle East & Africa Oil & Gas Sensors Market Breakdown, by Application
11.1.1.3 United Arab Emirates: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
11.1.1.3.1 United Arab Emirates: Middle East & Africa Oil & Gas Sensors Market Breakdown, by Type
11.1.1.3.2 United Arab Emirates: Middle East & Africa Oil & Gas Sensors Market Breakdown, by Connectivity
11.1.1.3.3 United Arab Emirates: Middle East & Africa Oil & Gas Sensors Market Breakdown, by Function
11.1.1.3.4 United Arab Emirates: Middle East & Africa Oil & Gas Sensors Market Breakdown, by Application
11.1.1.4 South Africa: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
11.1.1.4.1 South Africa: Middle East & Africa Oil & Gas Sensors Market Breakdown, by Type
11.1.1.4.2 South Africa: Middle East & Africa Oil & Gas Sensors Market Breakdown, by Connectivity
11.1.1.4.3 South Africa: Middle East & Africa Oil & Gas Sensors Market Breakdown, by Function
11.1.1.4.4 South Africa: Middle East & Africa Oil & Gas Sensors Market Breakdown, by Application
11.1.1.5 Rest of Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
11.1.1.5.1 Rest of Middle East & Africa Oil & Gas Sensors Market Breakdown, by Type
11.1.1.5.2 Rest of Middle East & Africa Oil & Gas Sensors Market Breakdown, by Connectivity
11.1.1.5.3 Rest of Middle East & Africa Oil & Gas Sensors Market Breakdown, by Function
11.1.1.5.4 Rest of Middle East & Africa 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. Middle East & Africa Oil & Gas Sensors Market Segmentation
Table 2. List of Vendors
Table 3. Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
Table 4. Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 5. Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Connectivity
Table 6. Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Function
Table 7. Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 8. Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 9. Saudi Arabia: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 10. Saudi Arabia: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Connectivity
Table 11. Saudi Arabia: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Function
Table 12. Saudi Arabia: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 13. United Arab Emirates: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 14. United Arab Emirates: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Connectivity
Table 15. United Arab Emirates: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Function
Table 16. United Arab Emirates: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 17. South Africa: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 18. South Africa: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Connectivity
Table 19. South Africa: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Function
Table 20. South Africa: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 21. Rest of Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 22. Rest of Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Connectivity
Table 23. Rest of Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Function
Table 24. Rest of Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 25. List of Abbreviation
List of Figures
Figure 1. Middle East & Africa Oil & Gas Sensors Market Segmentation, by Country
Figure 2. Middle East & Africa Oil & Gas Sensors Market – Key Market Dynamics
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Middle East & Africa Oil & Gas Sensors Market Revenue (US$ Million), 2021–2031
Figure 5. Middle East & Africa Oil & Gas Sensors Market Share (%) – by Type (2023 and 2031)
Figure 6. Pressure Sensor: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
Figure 7. Temperature Sensor: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
Figure 8. Flow Sensor: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
Figure 9. Level Sensor: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
Figure 10. Middle East & Africa Oil & Gas Sensors Market Share (%) – by Connectivity (2023 and 2031)
Figure 11. Wired: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
Figure 12. Wireless: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
Figure 13. Middle East & Africa Oil & Gas Sensors Market Share (%) – by Function (2023 and 2031)
Figure 14. Remote Monitoring: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
Figure 15. Condition Monitoring and Maintenance: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. Analysis and Simulation: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
Figure 17. Others: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
Figure 18. Middle East & Africa Oil & Gas Sensors Market Share (%) – by Application (2023 and 2031)
Figure 19. Upstream: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
Figure 20. Midstream: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
Figure 21. Downstream: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
Figure 22. Middle East & Africa Oil & Gas Sensors Market Breakdown, by Key Countries – Revenue (2023) (US$ Million)
Figure 23. Middle East & Africa Oil & Gas Sensors Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 24. Saudi Arabia: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
Figure 25. United Arab Emirates: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
Figure 26. South Africa: Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
Figure 27. Rest of Middle East & Africa Oil & Gas Sensors Market – Revenue and Forecast to 2031 (US$ Million)
Figure 28. Heat Map Analysis by Key Players
Figure 29. Company Positioning & Concentration
- Honeywell International Inc
- TE Connectivity Ltd
- Robert Bosch GmbH
- ABB Ltd
- Siemens AG
- Rockwell Automation Inc
- Analog Devices Inc
- Emerson Electric Co
- SKF AB
- GE Vernova
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa oil & gas sensors market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
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