The Water Cut Monitors market is expected to grow at a CAGR of 4% from $184 million in 2019 to $214 million by 2024 during the forecast period. Water-saving monitors find application areas in the oil and gas industry for oil well testing, separation vessels, multiphase flow meter (MPFM) applications, tank farms and pipelines, rental automated commerce (LACT), refineries, and more. The growth of the water-saving monitor market may be attributed to increased investment in pipeline infrastructure development and increased deep-sea E&P activity. In addition, oil and gas production in mature oil wells results in a water pressure situation, consequently revitalizing the water pressure monitor market in mature oil and gas fields.
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Water Cut Monitors Market Segmentation
By Type:
• Capacitive Water Cut Monitors
• Microwave Water Cut Monitors
• Spectral Water Cut Monitors
• Density Water Cut Monitors
By Application:
• Automatic Well Testing (AWT)
• Separation Vessels
• MPFM Application
• Lease Automatic Custody Transfer (LACT)
• Pump Protection
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