Oil and Gas Instruments Market Opportunity

Description

Oil & natural gas are the world’s primary fuel sources and play an influential role in the global economy. As a whole, the oil & gas industry 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. These non-renewable fuels provide electricity, heat, transportation and also feed into processes that make products from steel to plastics. Despite efforts to decarbonize and expanding 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.

During the pandemic, oil and gas demand, along with prices, tumbled as countries imposed strict lockdowns to contain the spread of COVID-19. With a successful vaccination rollout, lockdowns were lifted, and demand surged. However, that surge was quickly disrupted by the invasion of Ukraine by Russia resulting in sky rocketing prices. Furthermore, inflation, geopolitical issues and the threat of an impending recession cast much uncertainty over the oil & gas industry. Amidst the gloomy overcast, the outlook for natural gas is positive even with a tightening market and increasing prices, with the more carbon friendly form of fossil fuel expected to aid in the global effort to reduce greenhouse emissions. In addition, gas accounted for nearly half of the world’s growth in energy demand, with most of the increased consumption coming from China and the United States.

Instrumentation is critical to the exploration, development, production, processing, and delivery of oil & gas products, and it also has crucial roles to play in plant and worker safety, as well as the 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 & 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 growth for instrumentation demand in this important end-market.

SDi’s Oil & Gas Market Analysis and Perspective report evaluates the global analytical instrument market in the oil & gas and other closely related industries, such as environmental testing for refinery waste and utilities/power generation. In this report, the oil & gas industry is categorized into upstream, midstream, downstream, in which different testing applications are observed. The analytical instrument market in this report includes laboratory benchtop, portable, and process instruments utilized in oil & gas applications. These instruments are categorized into nine different technology groups that contribute to the overall market.

Report Overview:

• Market demand segmented by technique, region, and function, along with yearly market forecasts through 2026. The market estimates have been newly updated with 2021 as the base year and estimates are provided for the following techniques employed by the oil & gas industry:

1. Chromatography,
2. Petroleum Analyzers,
3. Mass Spectrometry,
4. General Analytical Techniques,
5. Atomic Spectroscopy,
6. Process Liquid Analyzers,
7. Molecular Spectroscopy,
8. Process Gas Analyzers,
9. Materials Characterization

• Market opportunities and threats for the oil & gas industry and regional trends for the United States & Canada, Europe, China, Japan, India & Other Asia-Pacific, Latin America & the Rest of the World.
• Vendor share of participating suppliers in each technology category employed by the oil & gas industry. Some of the top vendors in the overall market are presented below, in alphabetical order.

1. Agilent
2. ABB
3. AMETEK
4. Anton Paar
5. Bruker
6. Danaher
7. Drager
8. Emerson
9. Honeywell
10. Horiba
11. PAC (Roper)
12. PerkinElmer
13. Rigaku
14. Riken Keiki
15. Shimadzu
16. Siemens
17. Spectris
18. Teledyne
19. Thermo
20. Waters
21. Yokogawa

Table of Contents

Section 1. Introduction

1. Report Description
2. Executive Summary
3. Scope and Methodology

Section 2. Oil & Gas Global Landscape

1. Structure of the Oil & Gas Industry
2. Supply & Demand
3. Regional Trends
4. Opportunities & Threats

Section 3. Market Demand

Overall

Overall Demand by Product Type, 2021

Overall Demand by Product Type, 2021-2026

Overall Demand by Region, 2021-2026

Overall Demand by Industrial Area, 2021-2026

Overall Vendor Share, 2021

Chromatography

Chromatography Demand by Product Type, 2021

Chromatography Demand by Product Type, 2021-2026

Chromatography Demand by Region, 2021-2026

Chromatography Demand by Industrial Area, 2021-2026

Chromatography Vendor Share, 2021

Mass Spectrometry

Mass Spectrometry Demand by Product Type, 2021

Mass Spectrometry Demand by Product Type, 2021-2026

Mass Spectrometry Demand by Region, 2021-2026

Mass Spectrometry Demand by Industrial Area, 2021-2026

Mass Spectrometry Vendor Share, 2021

Atomic Spectroscopy

Atomic Spectroscopy Demand by Product Type, 2021

Atomic Spectroscopy Demand by Product Type, 2021-2026

Atomic Spectroscopy Demand by Region, 2021-2026

Atomic Spectroscopy Demand by Industrial Area, 2021-2026

Atomic Spectroscopy Vendor Share, 2021

Molecular Spectroscopy

Molecular Spectroscopy Demand by Product Type, 2021

Molecular Spectroscopy Demand by Product Type, 2021-2026

Molecular Spectroscopy Demand by Region, 2021-2026

Molecular Spectroscopy Demand by Industrial Area, 2021-2026

Molecular Spectroscopy Vendor Share, 2021

Materials Characterization

Materials Characterization Demand by Product Type, 2021

Materials Characterization Demand by Product Type, 2021-2026

Materials Characterization Demand by Region, 2021-2026

Materials Characterization Demand by Industrial Area, 2021-2026

Materials Characterization Vendor Share, 2021

Petroleum Analyzers

Petroleum Analyzers Demand by Product Type, 2021

Petroleum Analyzers Demand by Product Type, 2021-2026

Petroleum Analyzers Demand by Region, 2021-2026

Petroleum Analyzers Demand by Industrial Area, 2021-2026

Petroleum Analyzers Vendor Share, 2021

General Analytical Techniques

General Analytical Techniques Demand by Product Type, 2021

General Analytical Techniques Demand by Product Type, 2021-2026

General Analytical Techniques Demand by Region, 2021-2026

General Analytical Techniques Demand by Industrial Area, 2021-2026

General Analytical Techniques Vendor Share, 2021

Process Liquid Analyzers

Process Liquid Analyzers Demand by Product Type, 2021

Process Liquid Analyzers Demand by Product Type, 2021-2026

Process Liquid Analyzers Demand by Region, 2021-2026

Process Liquid Analyzers Demand by Industrial Area, 2021-2026

Process Liquid Analyzers Vendor Share, 2021

Process Gas Analyzers

Process Gas Analyzers Demand by Product Type, 2021

Process Gas Analyzers Demand by Product Type, 2021-2026

Process Gas Analyzers Demand by Region, 2021-2026

Process Gas Analyzers Demand by Industrial Area, 2021-2026

Process Gas Analyzers Vendor Share, 2021

Section 4. Appendix

1. Recent Developments
2. Recent/Upcoming SDi Reports