Global Oil and Gas Custody Metering System Market Size, Share & Trend Analysis- By Component, By Application, By Technology, By End User, Regional Outlook, Competitive Tactics, and Segment Forecast to 2031.

The Global Oil and Gas Custody Metering System Market size was estimated at USD XX billion in 2021 and is expected to hit around USD XX billion by 2031, poised to grow at a compound annual growth rate (CAGR) of XX% from 2022 to 2031.

Global Oil and Gas Custody Metering System Market: Breakup by Region, 2022 & 2031

Diagram Description automatically generated with low confidence

Source: Primary Research and Secondary Research Analysis

The market sector known as the "Global Oil and Gas Custody Metering System Market" focuses on the development and deployment of custody metering systems for the measurement and supervision of oil and gas production, distribution, and transportation.

Custody transfer is the phrase used to describe the exchange of hydrocarbon products between buyers and sellers in the oil and gas sector. Typically, this occurs at different locations along the supply chain, such as production sites, pipelines, terminals, or refineries. For there to be openness, justice, and responsibility amongst the parties involved, it is essential to assess these products' amount and quality precisely throughout the transfer of custody.

Several notable developments are being observed in the global market environment for the oil and gas custody metering system. First, due to increased output and the need to avoid conflicts during custody transfers, there is an increasing requirement for precise measurement and accountability in the oil and gas sector. As a result, businesses are being compelled to spend money on sophisticated custody metering systems that offer accurate volume, flow rate, and composition data.

 

Second, adherence to industry standards and regulatory compliance are highly prioritised. To maintain transparency and ethical business practises, governments and regulatory authorities are putting strict criteria on custody metering systems. The use of standardised and approved metering equipment is being driven by this trend.

The use of cutting-edge technology like automation, digitization, and IoT (Internet of Things) in custodial metering systems is another important development. These advancements in technology provide real-time monitoring and remote control capabilities while improving accuracy, dependability, and data management.

RECENT DEVELOPMENTS:

Numerous recent breakthroughs in the market for oil and gas custody metering systems demonstrate the industry's continual improvements and innovations.

The introduction of digitalization and automation technology is one noteworthy advancement. Businesses are utilising cutting-edge software programmes and IoT-enabled gadgets to improve the precision, effectiveness, and dependability of custodial metering systems. Real-time data monitoring, automated reporting, and remote control capabilities made possible by these technologies lead to increased operational effectiveness and a decrease in human error.

The use of artificial intelligence (AI) and machine learning (ML) algorithms into custodial metering systems is another important advancement. Data analytics, anomaly detection, and predictive maintenance are made possible by AI and ML technologies, which improve performance and proactively spot future problems. This innovation enables more cost-efficient operations and more effective decision-making.

In custodial metering systems, cybersecurity is also becoming a bigger priority. As these systems grow more digitalized and interconnected, it is crucial to protect against cyber threats and ensure data security. To protect sensitive data and preserve system integrity, businesses are investing in strong cybersecurity solutions, such as encryption, secure communication protocols, and network monitoring.

Market Segmentation:

Market Breakup: By Component

  • Flow Meters
  • Pressure And Temperature Sensors
  • Sampling Systems
  • Analysers
  • Data Acquisition Systems
  • Others

Market Breakup: By Application

  • Upstream Applications
  • Midstream Applications
  • Downstream Applications

Market Breakup: By Technology

  • Turbine Meters
  • Positive Displacement Meters
  • Ultrasonic Meters
  • Coriolis Meters
  • Virtual Flow Metering
  • Smart Metering Solutions

Market Breakup: By End User

  • Oil And Gas Producers
  • Pipeline Operators
  • Terminal Operators
  • Refineries
  • Others

Regional Analysis

The size and scope of the global Oil and Gas Custody Metering System industry vary by region and are important and expanding. Below is a quick summary of the industry's regional analysis:

North America: Due to the existence of significant oil and gas producers and cutting-edge pipeline infrastructure, North America is a significant region in the worldwide market. The deployment of cutting-edge custody metering systems is facilitated by the region's strict regulatory norms for custody transfer measurement. Additionally, technological developments in North America like digitalization and automation are taking off and will improve the efficiency and accuracy of custodial metering.

Europe: With large pipeline networks and terminal facilities, Europe has a well-established oil and gas sector. Environmental sustainability and adherence to tight rules are highly valued in the area. As a result, there is an increasing need for custodial metering systems that are low-emission, energy-efficient, and compliant with regulations. Additionally, digitalization and IoT investments are being made in Europe to streamline processes and guarantee accurate custody transfer measurements.

Asia-Pacific: As a result of expanding industrial sectors and rising energy demands, the Asia-Pacific area is seeing a significant increase in oil and gas consumption. Custody metering system suppliers have more prospects as a result of investments made by nations like China, India, and Australia in the construction of pipelines and terminals. The adoption of cutting-edge technologies and regulatory reforms are also reshaping the regional market.

South America: Significant oil and gas deposits are located in South America, particularly in nations like Brazil and Venezuela. The demand for custody metering systems is being driven by rising exploration and production in the area. Advanced metering technologies have been adopted in custody transfer procedures as a result of a focus on increasing operational effectiveness, cutting losses, and preventing theft.

Middle East and Africa: The Middle East and Africa region is a significant centre for the transportation and production of oil and gas. Saudi Arabia, the United Arab Emirates, and Nigeria, for example, have substantial oil deposits and vast pipeline systems. The demand for precise custody transfer measures and adherence to international standards is what drives the market in this area. Additionally, there is an increasing tendency towards automation and digitalization that makes it possible to monitor and manage custodial metering systems in real-time.

Market Breakup By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The Oil and Gas Custody Metering System Industry competitive landscape provides details by competitor. Details included are company outline, company financials, revenue generated, market potential, investment in research and development, new market initiatives, worldwide occurrence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The overhead data points providing are only related to the businesses’ focus related to Oil and Gas Custody Metering System marketplace.

Major players operating in the Global Oil and Gas Custody Metering System Industry are:

  • Emerson Electric Co.
  • Honeywell International Inc.
  • Siemens AG
  • ABB Ltd.
  • Schneider Electric SE
  • Yokogawa Electric Corporation
  • Endress+Hauser Group Services AG
  • FMC Technologies, Inc. (TechnipFMC)
  • Cameron International Corporation
  • Weatherford International plc
  • KROHNE Group
  • SICK AG
  • Badger Meter, Inc.
  • L&J Technologies
  • Liquid Controls

Table of Content

Global Oil and Gas Custody Metering System Industry Research Report, 2020-2031.

  1. 1. Introduction
    1. Report description
    2. Key market segments
    3. Regional Scope
    4. Executive Summary
  2. 2. Research Methodology
    1. Secondary Research
    2. Primary Research
    3. Secondary Analyst Tools and Models
  3. 3. Market Dynamics
    1. Market driver analysis
    2. Market restraint analysis
    3. Market Opportunity   
    4. Market Challenges
    5. Impact analysis of COVID-19 on the Oil and Gas Custody Metering System Industry
  4. 4. Market Variables and Outlook
    1. SWOT Analysis
      1. Strengths
      2. Weaknesses
      3. Opportunities
      4. Threats
    2. Supply Chain Analysis
    3. PESTEL Analysis
      1. Political Landscape
      2. Economic Landscape
      3. Social Landscape
      4. Technological Landscape
      5. Environmental Landscape
      6. Legal Landscape
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitute
      4. Threat of New Entrant
      5. Competitive Rivalry
  5. 5. Oil and Gas Custody Metering System Industry: Component Estimates & Trend Analysis
    1. Oil and Gas Custody Metering System Industry value share and forecast, (2020 to 2031)
    2. Incremental Growth Analysis and Infographic Presentation
    3. Flow Meters
      1. Market Size & Forecast, 2020-2031
    4. Pressure And Temperature Sensors
      1. Market Size & Forecast, 2020-2031
    5. Sampling Systems
      1. Market Size & Forecast, 2020-2031
    6. Analysers
      1. Market Size & Forecast, 2020-2031
    7. Data Acquisition Systems
      1. Market Size & Forecast, 2020-2031
    8. Others
      1. Market Size & Forecast, 2020-2031

 

  1. 6. Oil and Gas Custody Metering System Industry: Application Estimates & Trend Analysis
    1. Oil and Gas Custody Metering System Industry value share and forecast, (2020 to 2031)
    2. Incremental Growth Analysis and Infographic Presentation
    3. Upstream Applications
      1. Market Size & Forecast, 2020-2031
    4. Midstream Applications
      1. Market Size & Forecast, 2020-2031
    5. Downstream Applications
      1. Market Size & Forecast, 2020-2031

 

  1. 7. Oil and Gas Custody Metering System Industry: Technology Size Estimates & Trend Analysis
    1. Oil and Gas Custody Metering System Industry value share and forecast, (2020 to 2031)
    2. Incremental Growth Analysis and Infographic Presentation
    3. Turbine Meters
      1. Market Size & Forecast, 2020-2031
    4. Positive Displacement Meters
      1. Market Size & Forecast, 2020-2031
    5. Ultrasonic Meters
      1. Market Size & Forecast, 2020-2031
    6. Coriolis Meters
      1. Market Size & Forecast, 2020-2031
    7. Virtual Flow Metering
      1. Market Size & Forecast, 2020-2031
    8. Smart Metering Solutions
      1. Market Size & Forecast, 2020-2031

 

  1. 8. Oil and Gas Custody Metering System Industry: End User Estimates & Trend Analysis
    1. Oil and Gas Custody Metering System Industry value share and forecast, (2020 to 2031)
    2. Incremental Growth Analysis and Infographic Presentation
    3. Oil And Gas Producers
      1. Market Size & Forecast, 2020-2031
    4. Pipeline Operators
      1. Market Size & Forecast, 2020-2031
    5. Terminal Operators
      1. Market Size & Forecast, 2020-2031
    6. Refineries
      1. Market Size & Forecast, 2020-2031
    7. Others
      1. Market Size & Forecast, 2020-2031
  2. 9. Oil and Gas Custody Metering System Industry: Regional Estimates & Trend Analysis
    1. Oil and Gas Custody Metering System Industry value share and forecast, (2020 to 2031)
    2. Incremental Growth Analysis and Infographic Presentation
    3. North America
      1. Market Size & Forecast, 2020-2031
    4. Europe
      1. Market Size & Forecast, 2020-2031
    5. Asia Pacific
      1. Market Size & Forecast, 2020-2031
    6. Middle East & Africa
      1. Market Size & Forecast, 2020-2031
    7. Latin America
      1. Market Size & Forecast, 2020-2031
  3. 10. Oil and Gas Custody Metering System Industry: Country Estimates & Trend Analysis
    1. Oil and Gas Custody Metering System Industry value share and forecast, (2020 to 2031)
    2. Incremental Growth Analysis and Infographic Presentation
    3. U.S.
      1. Market Size & Forecast, 2020-2031
    4. Canada
      1. Market Size & Forecast, 2020-2031
    5. Mexico
      1. Market Size & Forecast, 2020-2031
    6. UK
      1. Market Size & Forecast, 2020-2031
    7. France
      1. Market Size & Forecast, 2020-2031
    8. Germany
      1. Market Size & Forecast, 2020-2031
    9. Russia
      1. Market Size & Forecast, 2020-2031
    10. Italy
      1. Market Size & Forecast, 2020-2031
    11. Spain
      1. Market Size & Forecast, 2020-2031
    12. China
      1. Market Size & Forecast, 2020-2031
    13. India
      1. Market Size & Forecast, 2020-2031
    14. Japan
      1. Market Size & Forecast, 2020-2031
    15. Indonesia
      1. Market Size & Forecast, 2020-2031
    16. South Korea
      1. Market Size & Forecast, 2020-2031
    17. Australia
      1. Market Size & Forecast, 2020-2031
    18. Brazil
      1. Market Size & Forecast, 2020-2031
    19. Argentina
      1. Market Size & Forecast, 2020-2031
    20. Saudi Arabia
      1. Market Size & Forecast, 2020-2031
    21. UAE
      1. Market Size & Forecast, 2020-2031
    22. South Africa
      1. Market Size & Forecast, 2020-2031
  4. 11. Competitive Landscape
    1. Company Market Share Analysis
    2. Vendor Landscape
    3. Competition Dashboard
  5. 12. Company Profiles
    1. Business Overview, Product Landscape, Financial Performanceand Company Strategies for below companies
    2.     Emerson Electric Co.
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    3. Honeywell International Inc.
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    4. Siemens AG
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    5. ABB Ltd.
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    6. Schneider Electric SE
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    7. Yokogawa Electric Corporation
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    8. Endress+Hauser Group Services AG
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    9. FMC Technologies, Inc. (TechnipFMC)
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    10. Cameron International Corporation
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    11. Weatherford International plc
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    12. KROHNE Group
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    13. SICK AG
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    14. Badger Meter, Inc.
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    15. L&J Technologies
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    16. Liquid Controls
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
  6. 13. Conclusion

 



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