According to a recent report by Transparency Market Research, increasing demand of oil and gas coupled with decreasing oil and gas reserves are expected to boost demand for the global oil and gas measuring instrumentation market.
The oil and gas measuring instrumentation can be broadly classified into two categories: equipment and geography. Geographies analyzed under this report included North America, Asia Pacific, Europe, and the rest of the world. On the basis of measuring instruments used, the global oil and gas measuring instrumentation market can be segmented as pressure management solutions, level measurement solutions, needle valve and manifold valve solutions, temperature measurement solutions and force measurement solutions.
Several instruments used for pressure management solutions include pressure gauges, transmitters and transducers. Level management solutions include low pressure gauges and submersible transducers. Various types of needle valve and manifold valve include needle valves, manifold valves, and block and bleed valves. Temperature measurement solutions include temperature transmitters and transducers and vapor actuated thermometers. On the basis of force measurement solutions, the market can be segmented as instruments such as load cells and force sensors.