"Actionable Insights to Fuel Your Growth"
The massive development in varied industry sectors has steadily and constantly increased the demand for oil and gas. To cope up with extensive demand and balance the supply-demand chain many operators are exploring hydrocarbons in the deep ocean. Offshore exploration activities are booming due to stupendous development in technology for deepwater exploration. For highly efficient underwater oil and gas activities underwater monitoring system is very essential. The complexities involved in operation and maintenance of subsea systems and growing ultra-deepwater exploration is driving the need for underwater monitoring the system for oil and gas. The system is very useful in controlling and monitoring the oil reserves to avoid major oil spillage and protect the ocean environment which intensifying the need of underwater monitoring system.
The global underwater monitoring system for oil and gas is classified on the basis of Subsea Sensors, Monitoring System, and Communication Method. Subsea sensors are further divided into pressure sensors, temperature sensors, proximity sensors, inclinometers, radiations sensors, load sensors, linear displacement gauges, flexible pipe systems, riser technology, and others. The pressure sensor is quite popular in dredging operation and designed to last in the context of the rough operation. Monitoring system divided into acoustic sensors, wireless sensors and satellite radio navigation. These systems are essential in monitoring and acquiring real-time data. Amongst these systems; Supervisory Control and Data Acquisition System (SCADA) is the most preferred system as it offers to control as well as monitoring underwater oil and gas plant.
To gain extensive insights into the market, Request for Customization
The adaptation of highly competent and advanced technology for ultra-deepwater exploration anticipate the offshore activities in order to suffice the increasing demand for oil and gas which drive the underwater monitoring system market. World leaders are acting strict and drafting harsh policies to combat marine pollution is increasing the demand highly efficient underwater monitoring system.
The research and development in subsea exploration driving the technological advancement which increases the overall cost of the system. Also, the monitoring system requires expensive equipment which inhibits the growth of the underwater monitoring system for the oil and gas market.
Some of the top companies for underwater monitoring system for oil & gas are KCF Technologies, Force Technologies, Fugro, BMT Group, One Subsea, Sonardyne, Kongsberg Maritime, Teledyne Marine, Kraken Robotics, RTsys, Pulse Structural Monitoring, and Schlumberger-OneSubsea.
By Subsea Sensor
· Pressure Sensors
· Temperature Sensors
· Proximity Sensors
· Rotation Sensors
· Load Sensors
· Linear Displacement Gauges
· Flexible Pipe Systems
· Riser Technology
By Monitoring System
· Acoustic Sensors
o Underwater Vehicle
o Acoustic Doppler Current Profiler
· Wireless Sensors Networks
o 3G/GPRS Communication Module
· Satellite Radio Navigation
By Communication Method
· FDMA (Frequency Division Multiple Access)
· TDMA (Time Division Multiple Access)
· CDMA (Code Division Multiple Access)
· SDMA (Space Division Multiple Access)
· North America (USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
The global underwater monitoring system for oil and gas market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is representing a large share of investment in developing offshore exploration techniques. The recent discoveries of oil and gas reserves in South American countries as well as in the U.S. have seen a rise in offshore activities which is expected to raise the demand for an underwater monitoring system. European countries are adopting and amending strict laws and regulation to curb marine pollution. Marine life is in danger due to oil spillage and carbon emission. To mitigate the rising carbon emission which causes GHG emission; countries in Europe are imposing hefty fines. Therefore, operators are adopting advanced technology to monitor and control marine pollution. In the Asia Pacific, the demand for oil and gas is enormously increasing and most of the countries are dependent on oil exporting nations. Thus, the government is pushing new projects and investment in offshore exploration to meet the rising demand of hydrocarbon which drives the underwater monitoring system market in the Asia Pacific. The major portion of the oil and gas from MEA is explored from onshore activities. But countries are focusing on offshore exploration to increase oil and gas production. The potential investment in offshore exploration is enlarging the demand for underwater monitoring system for oil and gas.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry