Worldwide Oil & Gas Sensors Markets to 2023 - Growing IoT in the Oil & Gas Industry is a Key Driver

DUBLIN, Dec. 7, 2018 /PRNewswire/ --

The "Oil & Gas Sensors Market by Type (Pressure, Level, Flow,Temperature), Connectivity (Wired, Wireless), Application (Remote Monitoring, Condition Monitoring, Analysis), Sector (Upstream, Midstream, Downstream), and Region - AGlobal Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

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The global oil & gas sensors market is projected to reach a size of USD 9.4 Billion by 2023 from an estimated USD 7.4 billion in 2018 at a CAGR of 4.81%.

This growth can be attributed to the increasing demand for sensors due to capacity addition in the refinery sector and the growth in the IoT sector.

By Type, pressure sensor segment is expected to be the largest contributor in the oil & gas sensor market during the forecast period