Oil and Gas Custody Metering System Market size is expected to grow at a CAGR of 6.21% throughout the forecast period, reaching nearly US$ 15.17 Bn. by 2029. The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.To know about the Research Methodology :- Request Free Sample Report
Oil and Gas Custody Metering System Market Dynamics:
Custody transfer metering plays a significant role throughout the global oil and gas industry. It is a fiscal measurement system used to determine the financial value and quantity of a petroleum product. The market for oil and gas custody metering systems is expected to grow significantly in the future, thanks to rising investments for the production of oil & gas to meet the demand for petroleum products. Technological development in the design of custody metering systems to increase operational efficiency is expected to drive the global market growth. Some of the major challenges faced by the key players such as the oil & gas industry needs reliable, accurate measurement to maximize profitability, performance, and, the safety of their applications.Oil and Gas Custody Metering System Market Regional Insights:
North America's market is expected to grow at xx.86% CAGR to be valued at US$ xx.60 Mn. by 2029 owing to rising investments in production and exploration of shale gas. The presence of the leading market players in the USA like Emerson, ABB Ltd, and Honeywell International Inc. are expected to contribute xx% share in the North American Market. Furthermore, the Asia Pacific is anticipated to witness a substantial CAGR exceeding xx.07% from 2023 to 2029. The market in China and India ate estimated to witness significant growth over the forecast period thanks to continuous developments in the oil and gas industry. As per the MMR research worldwide flowmeter market will grow almost US$ xx Bn. by 2029 as the oil and gas industry continues recovering. The growth factors related to the oil & gas industry, product improvements in traditional and new technology flow meters are contributing to the upward trend in the global market.Oil and Gas Custody Metering System Market Segment Analysis:
By flow meter, the ultrasonic segment was valued at US$ xx.90 Mn. in 2022 and are expected to reach US$ xx.47 Mn. by the end of 2029, with a CAGR of xx.50% during the forecast period. Ultrasonic is one of the most widely used flow meters in the oil & gas custody metering system market thanks to their ability to increase reliability, decrease pressure drop, and improve accuracy. The MMR reports cover key developments in the market as organic and inorganic growth strategies. Such as, Honeywell’sMeterSuite offers an off-the-shelf, configurable custody transfer solution. It is an integral part of the ExperionPKS (Process Knowledge System) and a replacement for commercial HMI and SCADA packages, embedded flow computer systems, and PLC systems. The objective of the report is to present a comprehensive analysis of the global market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding global market dynamics, structure by analyzing the market segments and projects the global market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the global market make the report investor’s guide.Oil and Gas Custody Metering System Market Scope: Inquire before buying
Oil and Gas Custody Metering System Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 9.95 Bn. Forecast Period 2023 to 2029 CAGR: 6.21% Market Size in 2029: US $ 15.17 Bn. Segments Covered: by Flow Meter Coriolis Ultrasonic Vortex Thermal Differential Pressure Positive Displacement Others by Application Offshore Onshore Oil and Gas Custody Metering System Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South AmericaOil and Gas Custody Metering System Market Key Players:
1. Emerson 2. KROHNE Group 3. Oil and Gas Systems International 4. Endress+ Hauser Management AG 5. ODS Metering Systems 6. Schlumberger Limited 7. Isystems 8. KamehrSdn Bhd. 9. Honeywell 10. ENCE GmbH 11. Siemens (Germany) 12. ABB ltd. 13. Yokogawa Electric (Japan) 14. Azbil (Japan) 15. Others Frequently Asked Questions: 1. Which region has the largest share in Global Oil and Gas Custody Metering System Market? Ans: North America region held the highest share in 2022. 2. What is the growth rate of Global Market? Ans: The Global market is growing at a CAGR of 6.21% during forecasting period 2023-2029. 3. What is scope of the Global Market report? Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Oil and Gas Custody Metering System Market? Ans: The important key players in the Global Oil and Gas Custody Metering System Market are – Emerson, KROHNE Group, Oil and Gas Systems International, Endress+ Hauser Management AG, ODS Metering Systems, Schlumberger Limited, Isystems, KamehrSdn Bhd., 5. What is the study period of this Market? Ans: The Global Oil and Gas Custody Metering System Market is studied from 2022 to 2029.
1. Oil and Gas Custody Metering System Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Oil and Gas Custody Metering System Market: Dynamics 2.1. Oil and Gas Custody Metering System Market Trends by Region 2.1.1. North America Oil and Gas Custody Metering System Market Trends 2.1.2. Europe Oil and Gas Custody Metering System Market Trends 2.1.3. Asia Pacific Oil and Gas Custody Metering System Market Trends 2.1.4. Middle East and Africa Oil and Gas Custody Metering System Market Trends 2.1.5. South America Oil and Gas Custody Metering System Market Trends 2.2. Oil and Gas Custody Metering System Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Oil and Gas Custody Metering System Market Drivers 2.2.1.2. North America Oil and Gas Custody Metering System Market Restraints 2.2.1.3. North America Oil and Gas Custody Metering System Market Opportunities 2.2.1.4. North America Oil and Gas Custody Metering System Market Challenges 2.2.2. Europe 2.2.2.1. Europe Oil and Gas Custody Metering System Market Drivers 2.2.2.2. Europe Oil and Gas Custody Metering System Market Restraints 2.2.2.3. Europe Oil and Gas Custody Metering System Market Opportunities 2.2.2.4. Europe Oil and Gas Custody Metering System Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Oil and Gas Custody Metering System Market Drivers 2.2.3.2. Asia Pacific Oil and Gas Custody Metering System Market Restraints 2.2.3.3. Asia Pacific Oil and Gas Custody Metering System Market Opportunities 2.2.3.4. Asia Pacific Oil and Gas Custody Metering System Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Oil and Gas Custody Metering System Market Drivers 2.2.4.2. Middle East and Africa Oil and Gas Custody Metering System Market Restraints 2.2.4.3. Middle East and Africa Oil and Gas Custody Metering System Market Opportunities 2.2.4.4. Middle East and Africa Oil and Gas Custody Metering System Market Challenges 2.2.5. South America 2.2.5.1. South America Oil and Gas Custody Metering System Market Drivers 2.2.5.2. South America Oil and Gas Custody Metering System Market Restraints 2.2.5.3. South America Oil and Gas Custody Metering System Market Opportunities 2.2.5.4. South America Oil and Gas Custody Metering System Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Oil and Gas Custody Metering System Industry 2.8. Analysis of Government Schemes and Initiatives For Oil and Gas Custody Metering System Industry 2.9. Oil and Gas Custody Metering System Market Trade Analysis 2.10. The Global Pandemic Impact on Oil and Gas Custody Metering System Market 3. Oil and Gas Custody Metering System Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2022-2029 3.1. Oil and Gas Custody Metering System Market Size and Forecast, by Flow Meter (2022-2029) 3.1.1. Coriolis 3.1.2. Ultrasonic 3.1.3. Vortex 3.1.4. Thermal 3.1.5. Differential Pressure 3.1.6. Positive Displacement 3.1.7. Others 3.2. Oil and Gas Custody Metering System Market Size and Forecast, by Application (2022-2029) 3.2.1. Offshore 3.2.2. Onshore 3.3. Oil and Gas Custody Metering System Market Size and Forecast, by Region (2022-2029) 3.3.1. North America 3.3.2. Europe 3.3.3. Asia Pacific 3.3.4. Middle East and Africa 3.3.5. South America 4. North America Oil and Gas Custody Metering System Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 4.1. North America Oil and Gas Custody Metering System Market Size and Forecast, by Flow Meter (2022-2029) 4.1.1. Coriolis 4.1.2. Ultrasonic 4.1.3. Vortex 4.1.4. Thermal 4.1.5. Differential Pressure 4.1.6. Positive Displacement 4.1.7. Others 4.2. North America Oil and Gas Custody Metering System Market Size and Forecast, by Application (2022-2029) 4.2.1. Offshore 4.2.2. Onshore 4.3. North America Oil and Gas Custody Metering System Market Size and Forecast, by Country (2022-2029) 4.3.1. United States 4.3.1.1. United States Oil and Gas Custody Metering System Market Size and Forecast, by Flow Meter (2022-2029) 4.3.1.1.1. Coriolis 4.3.1.1.2. Ultrasonic 4.3.1.1.3. Vortex 4.3.1.1.4. Thermal 4.3.1.1.5. Differential Pressure 4.3.1.1.6. Positive Displacement 4.3.1.1.7. Others 4.3.1.2. United States Oil and Gas Custody Metering System Market Size and Forecast, by Application (2022-2029) 4.3.1.2.1. Offshore 4.3.1.2.2. Onshore 4.3.2. Canada 4.3.2.1. Canada Oil and Gas Custody Metering System Market Size and Forecast, by Flow Meter (2022-2029) 4.3.2.1.1. Coriolis 4.3.2.1.2. Ultrasonic 4.3.2.1.3. Vortex 4.3.2.1.4. Thermal 4.3.2.1.5. Differential Pressure 4.3.2.1.6. Positive Displacement 4.3.2.1.7. Others 4.3.2.2. Canada Oil and Gas Custody Metering System Market Size and Forecast, by Application (2022-2029) 4.3.2.2.1. Offshore 4.3.2.2.2. Onshore 4.3.3. Mexico 4.3.3.1. Mexico Oil and Gas Custody Metering System Market Size and Forecast, by Flow Meter (2022-2029) 4.3.3.1.1. Coriolis 4.3.3.1.2. Ultrasonic 4.3.3.1.3. Vortex 4.3.3.1.4. Thermal 4.3.3.1.5. Differential Pressure 4.3.3.1.6. Positive Displacement 4.3.3.1.7. Others 4.3.3.2. Mexico Oil and Gas Custody Metering System Market Size and Forecast, by Application (2022-2029) 4.3.3.2.1. Offshore 4.3.3.2.2. Onshore 5. Europe Oil and Gas Custody Metering System Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 5.1. Europe Oil and Gas Custody Metering System Market Size and Forecast, by Flow Meter (2022-2029) 5.2. Europe Oil and Gas Custody Metering System Market Size and Forecast, by Application (2022-2029) 5.3. Europe Oil and Gas Custody Metering System Market Size and Forecast, by Country (2022-2029) 5.3.1. United Kingdom 5.3.1.1. United Kingdom Oil and Gas Custody Metering System Market Size and Forecast, by Flow Meter (2022-2029) 5.3.1.2. United Kingdom Oil and Gas Custody Metering System Market Size and Forecast, by Application (2022-2029) 5.3.2. France 5.3.2.1. France Oil and Gas Custody Metering System Market Size and Forecast, by Flow Meter (2022-2029) 5.3.2.2. France Oil and Gas Custody Metering System Market Size and Forecast, by Application (2022-2029) 5.3.3. Germany 5.3.3.1. Germany Oil and Gas Custody Metering System Market Size and Forecast, by Flow Meter (2022-2029) 5.3.3.2. Germany Oil and Gas Custody Metering System Market Size and Forecast, by Application (2022-2029) 5.3.4. Italy 5.3.4.1. Italy Oil and Gas Custody Metering System Market Size and Forecast, by Flow Meter (2022-2029) 5.3.4.2. Italy Oil and Gas Custody Metering System Market Size and Forecast, by Application (2022-2029) 5.3.5. Spain 5.3.5.1. Spain Oil and Gas Custody Metering System Market Size and Forecast, by Flow Meter (2022-2029) 5.3.5.2. Spain Oil and Gas Custody Metering System Market Size and Forecast, by Application (2022-2029) 5.3.6. Sweden 5.3.6.1. Sweden Oil and Gas Custody Metering System Market Size and Forecast, by Flow Meter (2022-2029) 5.3.6.2. Sweden Oil and Gas Custody Metering System Market Size and Forecast, by Application (2022-2029) 5.3.7. Austria 5.3.7.1. Austria Oil and Gas Custody Metering System Market Size and Forecast, by Flow Meter (2022-2029) 5.3.7.2. Austria Oil and Gas Custody Metering System Market Size and Forecast, by Application (2022-2029) 5.3.8. Rest of Europe 5.3.8.1. Rest of Europe Oil and Gas Custody Metering System Market Size and Forecast, by Flow Meter (2022-2029) 5.3.8.2. Rest of Europe Oil and Gas Custody Metering System Market Size and Forecast, by Application (2022-2029) 6. Asia Pacific Oil and Gas Custody Metering System Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 6.1. Asia Pacific Oil and Gas Custody Metering System Market Size and Forecast, by Flow Meter (2022-2029) 6.2. Asia Pacific Oil and Gas Custody Metering System Market Size and Forecast, by Application (2022-2029) 6.3. Asia Pacific Oil and Gas Custody Metering System Market Size and Forecast, by Country (2022-2029) 6.3.1. China 6.3.1.1. China Oil and Gas Custody Metering System Market Size and Forecast, by Flow Meter (2022-2029) 6.3.1.2. China Oil and Gas Custody Metering System Market Size and Forecast, by Application (2022-2029) 6.3.2. S Korea 6.3.2.1. S Korea Oil and Gas Custody Metering System Market Size and Forecast, by Flow Meter (2022-2029) 6.3.2.2. S Korea Oil and Gas Custody Metering System Market Size and Forecast, by Application (2022-2029) 6.3.3. Japan 6.3.3.1. Japan Oil and Gas Custody Metering System Market Size and Forecast, by Flow Meter (2022-2029) 6.3.3.2. Japan Oil and Gas Custody Metering System Market Size and Forecast, by Application (2022-2029) 6.3.4. India 6.3.4.1. India Oil and Gas Custody Metering System Market Size and Forecast, by Flow Meter (2022-2029) 6.3.4.2. India Oil and Gas Custody Metering System Market Size and Forecast, by Application (2022-2029) 6.3.5. Australia 6.3.5.1. Australia Oil and Gas Custody Metering System Market Size and Forecast, by Flow Meter (2022-2029) 6.3.5.2. Australia Oil and Gas Custody Metering System Market Size and Forecast, by Application (2022-2029) 6.3.6. Indonesia 6.3.6.1. Indonesia Oil and Gas Custody Metering System Market Size and Forecast, by Flow Meter (2022-2029) 6.3.6.2. Indonesia Oil and Gas Custody Metering System Market Size and Forecast, by Application (2022-2029) 6.3.7. Malaysia 6.3.7.1. Malaysia Oil and Gas Custody Metering System Market Size and Forecast, by Flow Meter (2022-2029) 6.3.7.2. Malaysia Oil and Gas Custody Metering System Market Size and Forecast, by Application (2022-2029) 6.3.8. Vietnam 6.3.8.1. Vietnam Oil and Gas Custody Metering System Market Size and Forecast, by Flow Meter (2022-2029) 6.3.8.2. Vietnam Oil and Gas Custody Metering System Market Size and Forecast, by Application (2022-2029) 6.3.9. Taiwan 6.3.9.1. Taiwan Oil and Gas Custody Metering System Market Size and Forecast, by Flow Meter (2022-2029) 6.3.9.2. Taiwan Oil and Gas Custody Metering System Market Size and Forecast, by Application (2022-2029) 6.3.10. Rest of Asia Pacific 6.3.10.1. Rest of Asia Pacific Oil and Gas Custody Metering System Market Size and Forecast, by Flow Meter (2022-2029) 6.3.10.2. Rest of Asia Pacific Oil and Gas Custody Metering System Market Size and Forecast, by Application (2022-2029) 7. Middle East and Africa Oil and Gas Custody Metering System Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 7.1. Middle East and Africa Oil and Gas Custody Metering System Market Size and Forecast, by Flow Meter (2022-2029) 7.2. Middle East and Africa Oil and Gas Custody Metering System Market Size and Forecast, by Application (2022-2029) 7.3. Middle East and Africa Oil and Gas Custody Metering System Market Size and Forecast, by Country (2022-2029) 7.3.1. South Africa 7.3.1.1. South Africa Oil and Gas Custody Metering System Market Size and Forecast, by Flow Meter (2022-2029) 7.3.1.2. South Africa Oil and Gas Custody Metering System Market Size and Forecast, by Application (2022-2029) 7.3.2. GCC 7.3.2.1. GCC Oil and Gas Custody Metering System Market Size and Forecast, by Flow Meter (2022-2029) 7.3.2.2. GCC Oil and Gas Custody Metering System Market Size and Forecast, by Application (2022-2029) 7.3.3. Nigeria 7.3.3.1. Nigeria Oil and Gas Custody Metering System Market Size and Forecast, by Flow Meter (2022-2029) 7.3.3.2. Nigeria Oil and Gas Custody Metering System Market Size and Forecast, by Application (2022-2029) 7.3.4. Rest of ME&A 7.3.4.1. Rest of ME&A Oil and Gas Custody Metering System Market Size and Forecast, by Flow Meter (2022-2029) 7.3.4.2. Rest of ME&A Oil and Gas Custody Metering System Market Size and Forecast, by Application (2022-2029) 8. South America Oil and Gas Custody Metering System Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 8.1. South America Oil and Gas Custody Metering System Market Size and Forecast, by Flow Meter (2022-2029) 8.2. South America Oil and Gas Custody Metering System Market Size and Forecast, by Application (2022-2029) 8.3. South America Oil and Gas Custody Metering System Market Size and Forecast, by Country (2022-2029) 8.3.1. Brazil 8.3.1.1. Brazil Oil and Gas Custody Metering System Market Size and Forecast, by Flow Meter (2022-2029) 8.3.1.2. Brazil Oil and Gas Custody Metering System Market Size and Forecast, by Application (2022-2029) 8.3.2. Argentina 8.3.2.1. Argentina Oil and Gas Custody Metering System Market Size and Forecast, by Flow Meter (2022-2029) 8.3.2.2. Argentina Oil and Gas Custody Metering System Market Size and Forecast, by Application (2022-2029) 8.3.3. Rest Of South America 8.3.3.1. Rest Of South America Oil and Gas Custody Metering System Market Size and Forecast, by Flow Meter (2022-2029) 8.3.3.2. Rest Of South America Oil and Gas Custody Metering System Market Size and Forecast, by Application (2022-2029) 9. Global Oil and Gas Custody Metering System Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading Oil and Gas Custody Metering System Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Emerson 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. KROHNE Group 10.3. Oil and Gas Systems International 10.4. Endress+ Hauser Management AG 10.5. ODS Metering Systems 10.6. Schlumberger Limited 10.7. Isystems 10.8. KamehrSdn Bhd. 10.9. Honeywell 10.10. ENCE GmbH 10.11. Siemens (Germany) 10.12. ABB ltd. 10.13. Yokogawa Electric (Japan) 10.14. Azbil (Japan) 10.15. Others 11. Key Findings 12. Industry Recommendations 13. Oil and Gas Custody Metering System Market: Research Methodology 14. Terms and Glossary