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- The global subsea multiphase flowmeter market is predicted to surpass the valuation of US $ 616.6 Mn in 2021.
- North America is expected to comprise 66% of global sales thus dominating subsea multiphase flowmeter market
- Rising government investment in oil and gas sector assists in increasing market sales in Russia.
- The subsea multiphase flowmeter market in China is predicted to grow at 7.4 % CAGR throughout the forecast on the backs of surging demand of multiphase flow metering solutions for production monitoring.
- Surge in import of subsea multiphase flowmeter by Saudi Arabia, United Arab Emirates, Kuwait, and Qatar is fueling the market sales
- Slugging flow detection abilities along with measuring complex flow properties boosts subsea multiphase flowmeter market growth.
- Integration of modern techniques and automation tools to subsea multiphase flowmeter is expected to provide lucrative opportunity for market expansion.
- Growing global investment in oil and gas sector will fuel the market demand.
- Progress from oil and gas industry to electric mobility and renewable sources of energy hampers the market growth.
- Inaccurate measurements with fractional change in physical properties of oil restrict the market growth.
- A high investment requirement for installation and deployment of subsea multiphase flowmeter negatively affects the market demand.
Discover more about the subsea multiphase flowmeter market with figures and data tables, along with the table of contents. You will also find detailed market segmentation on https://www.futuremarketinsights.com/checkout/11893
Leading players profiled by FMI operating in subsea multiphase flowmeter market include Weatherford, AMETEK Inc., ABB Ltd, Emerson, Peitro Fiorentini S.p.a., Tokico System Solutions Ltd, Baker Hughes, Schlumberger Limited, TechnipFMC plc, KROHNE Japan KK, Haimo Technologies Group Corp among others.
According to FMI, leading players are heavily investing in product innovation and modern technological advancement. Strategic collaborations and partnership can also been seen among market players to enhance their production capacities and pool their technical prowess to gain edge in this competitive landscape.
For instance, stimulation, well testing and production optimization contract was awarded to Baker Hugh by Saudi Aramco in 2018.
Emerson developed new embedded software for digitalization of oil and gas multiphase flow measurement along with automation features to fuel the adoption of Roxar™ 2600 Multiphase Flow Meter (MPFM) and promote boost process automation in the oil and gas industry.
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More Insights on FMI's Subsea Multiphase Flowmeter Market
The latest market study on global subsea multiphase flowmeter market by future market insights gives a detailed segmentation for the forecast period of 2021-2031. in order to gain a better perspective of the global market potential, its growth, trends, and opportunities, the market is segmented on the basis of pipe size (2" subsea multiphase flowmeter, 3" subsea multiphase flowmeter, 4" subsea multiphase flowmeter, 6" subsea multiphase flowmeter, 8" subsea multiphase flowmeter,10" subsea multiphase flowmeter), application (subsea well testing, production monitoring, production measurement), construction material (stainless steel subsea multiphase flowmeter, duplex steel subsea multiphase flowmeter, corrosion resistant alloys subsea multiphase flowmeter, titanium subsea multiphase flowmeter, etc), and across major regions (North America, Latin America, Europe, Middle East & Africa, South Asia and Pacific).
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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