According to the new market research report “Subsea Multiphase Flow Meter (Subsea-MPFM)- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Subsea Multiphase Flow Meter (Subsea-MPFM) market size is projected to reach USD 0.16 billion by 2030, at a CAGR of 12.8% during the forecast period.
- Global Subsea Multiphase Flow Meter (Subsea-MPFM) MarketSize(US$ Million), 2019-2030
Source: QYResearch, "Subsea Multiphase Flow Meter (Subsea-MPFM)- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Subsea Multiphase Flow Meter (Subsea-MPFM) Top8Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, "Subsea Multiphase Flow Meter (Subsea-MPFM)- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Subsea Multiphase Flow Meter (Subsea-MPFM) include OneSubsea, TechnipFMC, Emerson, Haimo, ABB, etc. In 2023, the global top four players had a share approximately 62.0% in terms of revenue.
- Subsea Multiphase Flow Meter (Subsea-MPFM),Global Market Size, Split by Product Segment
Source: QYResearch, "Subsea Multiphase Flow Meter (Subsea-MPFM)- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product type, currently Depth Less than 1000 Meters is the largest segment, hold a share of 42.2%.
- Subsea Multiphase Flow Meter (Subsea-MPFM),Global Market Size, Split by ApplicationSegment
Source: QYResearch, "Subsea Multiphase Flow Meter (Subsea-MPFM)- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product application, currently Fixed Platform is the largest segment, hold a share of 53.0%.
Market Drivers:
D1. Downstream demand growth.
In recent years, the international oilfield equipment and service market has benefited from the recovery of confidence in the global oil and gas market, and the development trend has continued to improve.
The Clarksons Offshore Index is projected to reach all-time high in 2024.
Rig, OSV and Subsea markets are particularly robust, with oil and gas vessel rates now higher than 2014 levels in the majority of sectors/regions.
D2. Technology driven.
Deeper waters, complex fluids and reservoirs (high temperature / high pressure, heavy oil, gas condensates) associated with more safety and environmental constraints will dictate coming developments. With longer subsea tie–back and distances from well to process facilities, reliability, operability & maintainability of equipment will be an issue with an increasing need of multiphase data to monitor flows , sand , hydrates , water production and provide valuable flow assurance information .
About Analyst
Chirs Ma - Main Analyst of this Article
Email: maciqiang@qyresearch.com
Mr. Ma has 9 years of industry research experience, focusing on mechanical equipment, medical beauty and health, semiconductor equipment and other fields. Some of his in-depth research topics include semiconductor etching equipment, hyaluronic acid-based skin fillers, industrial hoses, slip rings, EMS and ODM, etc.
About QYResearch
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