Market Research Report
The 2019 Analytical Instrumentation Market for Oil and Gas: Upstream and Downstream
|The 2019 Analytical Instrumentation Market for Oil and Gas: Upstream and Downstream|
Published: June 26, 2019
Strategic Directions International, Inc.
Content info: 125 Pages
Delivery time: 1-2 business days
The oil and gas industry as a whole remains the largest single source of energy in terms of global consumption. Fossil fuels, including coal, make up more than 80% of the world's energy supply. Despite conservation efforts and research into alternative fuel sources, even the most ‘optimistic' scenarios for reducing global dependence on fossil fuels show oil and gas dominating the energy landscape for many decades.
Although demand for oil is currently declining due to macroeconomic trends, demand for natural gas is surging. Gas accounted for nearly half of the world's growth in energy demand, with most of the higher consumption coming from China and the United States. Thanks to the shale gas boom, especially in the US, there are abundant supplies of natural gas that drives down the price while encouraging the shift away from coal-fired power generation.
Instrumentation is critical to the exploration, development, production, processing, and delivery of oil and gas products, and it also has crucial roles to play in plant and worker safety, and monitoring and testing of fuels. Beyond the realm of energy, oil is also important as an industrial lubricant, and there is significant testing in this aspect of the oil and gas industry as well. As the leading provider of market research on analytical instrumentation, SDi has crafted this report to evaluate and explain what is currently driving this important market.
This report evaluates the global analytical instruments market in the oil and gas and other closely related industry, such as environmental testing for refinery waste and utilities/power generation. In this report, the oil and gas industry is categorized into upstream, midstream, and downstream, in which different testing applications are observed. The analytical instrument market in this report includes laboratory benchtop, portable, and process-scale instruments utilized in oil & gas applications. These instruments are categorized into nine different technologies which build the overall market:
The report covers market demand segmented by technology, product type, region, and end-user applications, along with market forecast for the next five years.
Competitive landscape of vendors participated in each technology. Some of the top vendors in the overall market are presented below in alphabetical order.