Subsea multiphase flowmeters are essential in providing critical testing operations with the help flow metering solutions. They are considered ideal for subsea application as a production management tool in well testing, well management, and production allocation.
Subsea multiphase flowmeters have gained considerable popularity over the past couple of decades since their introduction in the late 1990’s and the trend is expected to persist over the forecast period. Moreover, as newer technologies are being integrated with subsea multiphase flowmeters, the adoption of the same is projected to grow over the forecast period.
In its new study, ESOMAR-certified market research and consulting firm Future Market Insights offers insights about key factors driving demand for subsea multiphase flowmeter. The report tracks the global sales of subsea multiphase flowmeter in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the end use industries in general, and subsea multiphase flowmeter in particular.
Till date there are approximately 5,000 subsea wells distributed all over the globe, along with many more being drilled each day. Several wells are more than a decade old. Hence exploration of new wells requires regular flow metering solutions. Multiphase flow meters offer various applications such as subsea well testing, production monitoring, production measurement, and others.
Global oil and gas companies are continuously developing new functionalities and developments for subsea multiphase flowmeters to be used in a wide range of applications. Multiphase flow meter is used to address various challenges in oil & gas exploration and production process.
Subsea multiphase flow meters provide critical well testing operations. Production monitoring, measurement, and others can be considered as key applications of subsea multiphase flowmeters. Subsea multiphase flowmeters have proven to be efficient, light, agile, and an economic solution against conventional techniques. They provide various advantages, such as they characterize flow regimes at the wellhead and quickly detect slugging, which is the most difficult flow to measure. Subsea multiphase flowmeter addresses the complex flow metering solutions.
Automation and digitalization tools integrated with subsea multiphase flowmeters provide new opportunities for explorations. Increasing investments in global oil and gas projects will give impetus to the subsea multiphase flowmeter market. Oil production investments anticipated in the offshore areas of USA, ASEAN countries and China as well as Russia is expected to create opportunities for the subsea multiphase flowmeter market.
Future Market Insights expects the global in-line transit time ultrasonic flow meter market to expand at over 8.5% CAGR through 2031.
The demand for subsea multiphase flowmeter is increasing in regions such as South Asia and Pacific and North America. The demand trend for stainless steel subsea multiphase flowmeter for offshore applications is majorly driven by regions such as the Americas, South Asia and Pacific and Middle East and Africa.
Globally, the increasing investment in oil and gas projects and rise in number of subsea explorations are some of the key potential factors for market growth. Additionally, increasing focus on multiphase meter technologies across the globe is expected to boost the market demand in the coming future.
Competitive price offerings and rise in end user satisfaction based on the performance and use of advanced technologies are the key aims of R&D activities. Moreover, establishing sales and service facilities in emerging countries coupled with long-term partnerships with regional distributors are also paving the way for the expansion of channel reach.
Future Market Insights has projected the USA. to remain one of the most lucrative markets throughout the course of the forecast period. A key factor supporting market expansion is the country’s high production and consumption of oil. The oil production output increased by 11% from 2018 to 2019 and holds more than 17% of share in 2019.
The increasing production and consumption of oil and gas will stay essential in the upward trend for the oil and gas industry. Since subsea multiphase flowmeters form a crucial part in production, monitoring, and measurement, growth of subsea multiphase flowmeters is imminent. However, President Biden’s regulations regarding a transition from fossil fuels towards electric mobility can restrain the growth of the subsea multiphase flowmeter market.
Russia led within Europe in oil production with more than 12% of market share in 2019. In recent years, there has been growth in oil & gas production, and its multiphase flow metering solutions has become crucial. Devices that have the ability to sustain and show accurate results have become mandatory. Demand for subsea multiphase flowmeters has been rising over the last few years.
This trend will continue to increase sales figures over the years to come, because of rising investments in the oil & gas industry. Increasing investments will provide a significant opportunities for a comprehensive list of applications including subsea well testing, production monitoring, production measurement, and associated well applications, thereby presenting growth opportunities for the subsea multiphase flowmeters market.
China holds nine-tenth of the East Asia market share, and this is no surprise as there is an abundance of oil & gas production and reserves in the region, owing to which, demand for subsea multiphase flowmeter is rising steadily. Growth in the region is likely to take place at a CAGR even more than 7.4% over the forecast period of 2021 to 2031. Another reason for this lucrative growth trend is rising demand for multiphase flow metering solutions for production monitoring and measurement, which recently grew significantly due to rising investment in oil & gas projects in the region.
Over the last few years, new and improved designs with automation and digitalization of multiphase flow meters have been launched by numerous market players, on back of significant sales of subsea multiphase flowmeter in the global manufacturers are introducing products that are built to last and need less maintenance during the tenure of their usage. The ASEAN countries also have numerous small to medium manufacturers, and exhibit high accessibility of aftersales services, which make them a leading market for subsea multiphase flowmeter.
Moreover, ASEAN countries hold more than 3% of market share in oil & natural gas production for 2019. Other factors such as increasing demand from ongoing and upcoming oil & gas projects in the region will have a great demand for subsea multiphase flowmeter, and will continue to do so over the coming years.
There has been a significant surge in use of subsea multiphase flowmeter in GCC countries. The region has some of the world's fastest-growing economies, thanks to a surge in oil & natural gas revenues as well as investment boom fueled by decades of petroleum revenue savings.
The core GCC states of Saudi Arabia, United Arab Emirates, Kuwait, and Qatar are leading oil & gas producing countries, due to which, imports of multiphase flowmeters for monitoring and measurement purposes are driving the sales of subsea multiphase flowmeter.
The market share of subsea multiphase flowmeters for 10’’ pipe size is quite high. It accounts for more than 40% of the market share by value. The reason behind such vast sales is the fact that oil & gas exploration and production are adequately conducted in larger volumes, and the need for large size pipes in production and transmission purposes in oil & gas industry creates a surge in demand for 10’’ subsea multiphase flowmeters. Another factor for growth in sales is that increasing investments in oil & gas industry across the world.
Subsea multiphase flowmeters are used in various applications in the oil & gas industry, especially for measuring various kinds of liquids and gases. The most popular application amongst these is production measurement. Since the invention of these meters, liquid & gas production measurement has been a dominant end use. The production measurement segment is expected to expand at a significant CAGR owing to the precise measurement of oil & gas in exploration and production process.
Looking toward supply-side trends, large market players are more into stainless steel subsea multiphase flowmeter. Manufacturers are focusing more on advancements in these material, thereby boosting sales across regions. Stainless steel subsea multiphase flowmeter hold as much as one-third market share.
There is also an increase in sales of duplex steel subsea multiphase flowmeter due to the fact that these provide high strength and excellent corrosion resistance and the industry is moving toward products more material properties. Over the forecast period, subsea multiphase flowmeters are expected to witness surging demand.
Global subsea multiphase flowmeter market is largely dominated by key players globally, occupying more than three-fourth of the market share. Some of the players are focusing to carve a niche for specific demography. The global market for subsea multiphase flowmeter comprises some large scale and middles scale manufacturers focusing on product innovation and high end technology development.
Key industry participants are investing in strategic alliances and partnerships to gain a competitive advantage in the evolving global market. These partnerships allow companies to strengthen their technical expertise with improved production capacity. Also, the technical collaboration of industry participants is estimated to contribute to growth in the oil and gas intervention projects.
For instance, in 2018, Saudi Aramco, one of the leading public petroleum and natural gas Company in Saudi Arabia awarded Baker Hughes a stimulation and well testing contract in 2018. The contract included optimizing production across existing as well as new wells across the nation.
In February 2021, Emerson introduced a new embedded software aids automation and digitalization of oil and gas multiphase flow measurement to boost process automation and the application of the Roxar™ 2600 Multiphase Flow Meter (MPFM) for the oil and gas industry.
Some of the leading companies operating in the market are:
| Attribute | Details |
|---|---|
| Forecast Period | 2021 to 2031 |
| Historical Data Available for | 2016 to 2020 |
| Market Analysis | USD Million for Value and Units for Volume |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; and the Middle East & Africa |
| Key Countries Covered | USA, Canada, Germany, UK, France, Italy, Spain, Russia, China, Japan, South Korea, India, ASEAN, Oceania, Turkey, Northern Africa, and South Africa |
| Key Segments Covered | Technology, Application, End User, and Region |
| Key Companies Profiled | Weatherford; Baker Hughes; AMETEK Inc.; Schlumberger Limited; ABB Ltd; TechnipFMC plc; Emerson; KROHNE Japan KK; Peitro Fiorentini S.p.a.; Haimo Technologies Group Corp; Tokico System Solutions Ltd |
| Report Coverage | Market Forecasts, Brand Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
Table 01: Global Subsea Multiphase Flowmeter Market Value (US$ Mn) & Volume (Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Pipe Size
Table 02: Global Subsea Multiphase Flowmeter Market Value (US$ Mn) & Volume (Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application
Table 03: Global Subsea Multiphase Flowmeter Market Value (US$ Mn) & Volume (Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Construction Material
Table 04: Global Subsea Multiphase Flowmeter Market Value (US$ Mn) & Volume (Units) Historical Data 2015 – 2019 and Forecast 2020 – 2030 by Region
Table 05: North America Subsea Multiphase Flowmeter Market Value (US$ Mn) & Volume (Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Country
Table 06: North America Subsea Multiphase Flowmeter Market Value (US$ Mn) & Volume (Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Pipe Size
Table 07: North America Subsea Multiphase Flowmeter Market Value (US$ Mn) & Volume (Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application
Table 08: North America Subsea Multiphase Flowmeter Market Value (US$ Mn) & Volume (Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Construction Material
Table 09: Latin America Subsea Multiphase Flowmeter Market Value (US$ Mn) & Volume (Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Country
Table 10: Latin America Subsea Multiphase Flowmeter Market Value (US$ Mn) & Volume (Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Pipe Size
Table 11: Latin America Subsea Multiphase Flowmeter Market Value (US$ Mn) & Volume (Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application
Table 12: Latin America Subsea Multiphase Flowmeter Market Value (US$ Mn) & Volume (Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Construction Material
Table 12: Europe Subsea Multiphase Flowmeter Market Volume (Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Country
Table 14: Europe Subsea Multiphase Flowmeter Market Value (US $ Mn) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Country
Table 15: Europe Subsea Multiphase Flowmeter Market Value (US$ Mn) & Volume (Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Pipe Size
Table 16: Europe Subsea Multiphase Flowmeter Market Value (US$ Mn) & Volume (Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application
Table 17: Europe Subsea Multiphase Flowmeter Market Value (US$ Mn) & Volume (Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Construction Material
Table 18: South Asia & Pacific Subsea Multiphase Flowmeter Market Value (US$ Mn) & Volume (Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Country
Table 19: South Asia & Pacific Subsea Multiphase Flowmeter Market Value (US$ Mn) & Volume (Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Pipe Size
Table 20: South Asia & Pacific Subsea Multiphase Flowmeter Market Value (US$ Mn) & Volume (Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application
Table 21: South Asia & Pacific Subsea Multiphase Flowmeter Market Value (US$ Mn) & Volume (Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Construction Material
Table 22: East Asia Subsea Multiphase Flowmeter Market Value (US$ Mn) & Volume (Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Country
Table 23: East Asia Subsea Multiphase Flowmeter Market Value (US$ Mn) & Volume (Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Pipe Size
Table 24: East Asia Subsea Multiphase Flowmeter Market Value (US$ Mn) & Volume (Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application
Table 25: East Asia Subsea Multiphase Flowmeter Market Value (US$ Mn) & Volume (Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Construction Material
Table 26: Middle East & Africa Subsea Multiphase Flowmeter Market Value (US$ Mn) & Volume (Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Country
Table 27: Middle East & Africa Subsea Multiphase Flowmeter Market Value (US$ Mn) & Volume (Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Pipe Size
Table 28: Middle East & Africa Subsea Multiphase Flowmeter Market Value (US$ Mn) & Volume (Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application
Table 29: Middle East & Africa Subsea Multiphase Flowmeter Market Value (US$ Mn) & Volume (Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Construction Material
Figure 01: Global Subsea Multiphase Flowmeter Market Volume (Units) and Y-o-Y Growth Rate From 2021-2031
Figure 02: Global Subsea Multiphase Flowmeter Market Value (US$ Mn) and Y-o-Y Growth Rate From 2021-2031
Figure 03: Global Subsea Multiphase Flowmeter Market Absolute $ opportunity Analysis, 2021-2031
Figure 04: Global Subsea Multiphase Flowmeter Market Share and BPS Analysis by Pipe Size- 2021 & 2031
Figure 05: Global Subsea Multiphase Flowmeter Market Y-o-Y Growth by Pipe Size, 2021-2031
Figure 06: Global Subsea Multiphase Flowmeter Market Attractiveness Analysis by Pipe Size, 2021-2031
Figure 07: Global Subsea Multiphase Flowmeter Market Incremental $ Opportunity by Pipe Size, 2021-2031
Figure 08: Global Subsea Multiphase Flowmeter Market Share and BPS Analysis by Application - 2021 & 2031
Figure 09: Global Subsea Multiphase Flowmeter Market Y-o-Y Growth by Application, 2021-2031
Figure 10: Global Subsea Multiphase Flowmeter Market Attractiveness Analysis by Application, 2021-2031
Figure 11: Global Subsea Multiphase Flowmeter Market Incremental $ Opportunity by Application, 2021-2031
Figure 12: Global Subsea Multiphase Flowmeter Market Share and BPS Analysis by Construction Material - 2021 & 2031
Figure 13: Global Subsea Multiphase Flowmeter Market Y-o-Y Growth by Construction Material, 2021-2031
Figure 14: Global Subsea Multiphase Flowmeter Market Attractiveness Analysis by Construction Material, 2021-2031
Figure 15: Global Subsea Multiphase Flowmeter Market Incremental $ Opportunity by Construction Material, 2021-2031
Figure 16: Global Subsea Multiphase Flowmeter Market Share and BPS Analysis by Region - 2020 & 2030
Figure 17: Global Subsea Multiphase Flowmeter Market Y-o-Y Growth by Region, 2021-2031
Figure 18: Global Subsea Multiphase Flowmeter Market Attractiveness Analysis by Region, 2021-2031
Figure 19: Global Subsea Multiphase Flowmeter Market Incremental $ Opportunity by Region, 2021-2031
Figure 20: North America Subsea Multiphase Flowmeter Market Share and BPS Analysis by Country - 2021 & 2031
Figure 21: North America Subsea Multiphase Flowmeter Market Y-o-Y Growth by Country, 2021-2031
Figure 22: North America Subsea Multiphase Flowmeter Market Attractiveness Analysis by Country, 2021-2031
Figure 23: North America Market Incremental $ Opportunity by Country, 2021-2031
Figure 24: North America Subsea Multiphase Flowmeter Market Share and BPS Analysis by Pipe Size- 2021 & 2031
Figure 25: North America Subsea Multiphase Flowmeter Market Y-o-Y Growth by Pipe Size, 2021-2031
Figure 26: North America Subsea Multiphase Flowmeter Market Attractiveness Analysis by Pipe Size, 2021-2031
Figure 27: North America Subsea Multiphase Flowmeter Market Share and BPS Analysis by Application - 2021 & 2031
Figure 28: North America Subsea Multiphase Flowmeter Market Y-o-Y Growth by Application, 2021-2031
Figure 29: North America Subsea Multiphase Flowmeter Market Attractiveness Analysis by Application, 2021-2031
Figure 30: North America Subsea Multiphase Flowmeter Market Share and BPS Analysis by Construction Material - 2021 & 2031
Figure 31: North America Subsea Multiphase Flowmeter Market Y-o-Y Growth by Construction Material, 2021-2031
Figure 32: North America Subsea Multiphase Flowmeter Market Attractiveness Analysis by Construction Material, 2021-2031
Figure 33: Latin America Subsea Multiphase Flowmeter Market Share and BPS Analysis by Country - 2021 & 2031
Figure 34: Latin America Subsea Multiphase Flowmeter Market Y-o-Y Growth by Country, 2021-2031
Figure 35: Latin America Subsea Multiphase Flowmeter Market Attractiveness Analysis by Country, 2021-2031
Figure 36: Latin America Subsea Multiphase Flowmeter Market Incremental $ Opportunity by Country, 2021-2031
Figure 37: Latin America Subsea Multiphase Flowmeter Market Share and BPS Analysis by Pipe Size- 2021 & 2031
Figure 38: Latin America Subsea Multiphase Flowmeter Market Y-o-Y Growth by Pipe Size, 2021-2031
Figure 39: Latin America Subsea Multiphase Flowmeter Market Attractiveness Analysis by Pipe Size, 2021-2031
Figure 40: Latin America Subsea Multiphase Flowmeter Market Share and BPS Analysis by Application - 2021 & 2031
Figure 41: Latin America Subsea Multiphase Flowmeter Market Y-o-Y Growth by Application, 2021-2031
Figure 42: Latin America Subsea Multiphase Flowmeter Market Attractiveness Analysis by Application, 2021-2031
Figure 43: Latin America Subsea Multiphase Flowmeter Market Share and BPS Analysis by Construction Material - 2021 & 2031
Figure 44: Latin America Subsea Multiphase Flowmeter Market Y-o-Y Growth by Construction Material, 2021-2031
Figure 45: Latin America Subsea Multiphase Flowmeter Market Attractiveness Analysis by Construction Material, 2021-2031
Figure 46: Europe Subsea Multiphase Flowmeter Market Share and BPS Analysis by Country - 2021 & 2031
Figure 47: Europe Subsea Multiphase Flowmeter Market Y-o-Y Growth by Country, 2021-2031
Figure 48: Europe Subsea Multiphase Flowmeter Market Attractiveness Analysis by Country, 2021-2031
Figure 49: Europe Subsea Multiphase Flowmeter Market Incremental $ Opportunity by Country, 2021-2031
Figure 50: Europe Subsea Multiphase Flowmeter Market Share and BPS Analysis by Pipe Size- 2021 & 2031
Figure 51: Europe Subsea Multiphase Flowmeter Market Y-o-Y Growth by Pipe Size, 2021-2031
Figure 52: Europe Subsea Multiphase Flowmeter Market Attractiveness Analysis by Pipe Size, 2021-2031
Figure 53: Europe Subsea Multiphase Flowmeter Market Share and BPS Analysis by Application - 2021 & 2031
Figure 54: Europe Subsea Multiphase Flowmeter Market Y-o-Y Growth by Application, 2021-2031
Figure 55: Europe Subsea Multiphase Flowmeter Market Attractiveness Analysis by Application, 2021-2031
Figure 56: Europe Subsea Multiphase Flowmeter Market Share and BPS Analysis by Construction Material - 2021 & 2031
Figure 57: Europe Subsea Multiphase Flowmeter Market Y-o-Y Growth by Construction Material, 2021-2031
Figure 58: Europe Subsea Multiphase Flowmeter Market Attractiveness Analysis by Construction Material, 2021-2031
Figure 59: South Asia & Pacific Subsea Multiphase Flowmeter Market Share and BPS Analysis by Country - 2021 & 2031
Figure 60: South Asia & Pacific Subsea Multiphase Flowmeter Market Y-o-Y Growth by Country, 2021-2031
Figure 61: South Asia & Pacific Subsea Multiphase Flowmeter Market Attractiveness Analysis by Country, 2021-2031
Figure 62: South Asia & Pacific Subsea Multiphase Flowmeter Market Incremental $ Opportunity by Country, 2021-2031
Figure 63: South Asia & Pacific Subsea Multiphase Flowmeter Market Share and BPS Analysis by Pipe Size- 2021 & 2031
Figure 64: South Asia & Pacific Subsea Multiphase Flowmeter Market Y-o-Y Growth by Pipe Size, 2021-2031
Figure 65: South Asia & Pacific Subsea Multiphase Flowmeter Market Attractiveness Analysis by Pipe Size, 2021-2031
Figure 66: South Asia & Pacific Subsea Multiphase Flowmeter Market Share and BPS Analysis by Application - 2021 & 2031
Figure 67: South Asia & Pacific Subsea Multiphase Flowmeter Market Y-o-Y Growth by Application, 2021-2031
Figure 68: South Asia & Pacific Subsea Multiphase Flowmeter Market Attractiveness Analysis by Application, 2021-2031
Figure 69: South Asia & Pacific Subsea Multiphase Flowmeter Market Share and BPS Analysis by Construction Material - 2021 & 2031
Figure 70: South Asia & Pacific Subsea Multiphase Flowmeter Market Y-o-Y Growth by Construction Material, 2021-2031
Figure 71: South Asia & Pacific Subsea Multiphase Flowmeter Market Attractiveness Analysis by Construction Material, 2021-2031
Figure 72: East Asia Subsea Multiphase Flowmeter Market Share and BPS Analysis by Country - 2021 & 2031
Figure 73: East Asia Subsea Multiphase Flowmeter Market Y-o-Y Growth by Country, 2021-2031
Figure 74: East Asia Subsea Multiphase Flowmeter Market Attractiveness Analysis by Country, 2021-2031
Figure 75: East Asia Subsea Multiphase Flowmeter Market Incremental $ Opportunity by Country, 2021-2031
Figure 76: East Asia Subsea Multiphase Flowmeter Market Share and BPS Analysis by Pipe Size- 2021 & 2031
Figure 77: East Asia Subsea Multiphase Flowmeter Market Y-o-Y Growth by Pipe Size, 2021-2031
Figure 78: East Asia Subsea Multiphase Flowmeter Market Attractiveness Analysis by Pipe Size, 2021-2031
Figure 79: East Asia Subsea Multiphase Flowmeter Market Share and BPS Analysis by Application - 2021 & 2031
Figure 80: East Asia Subsea Multiphase Flowmeter Market Y-o-Y Growth by Application, 2021-2031
Figure 81: East Asia Subsea Multiphase Flowmeter Market Attractiveness Analysis by Application, 2021-2031
Figure 82: East Asia Subsea Multiphase Flowmeter Market Share and BPS Analysis by Construction Material - 2021 & 2031
Figure 83: East Asia Subsea Multiphase Flowmeter Market Y-o-Y Growth by Construction Material, 2021-2031
Figure 84: East Asia Subsea Multiphase Flowmeter Market Attractiveness Analysis by Construction Material, 2021-2031
Figure 85: Middle East & Africa Subsea Multiphase Flowmeter Market Share and BPS Analysis by Country - 2021 & 2031
Figure 86: Middle East & Africa Subsea Multiphase Flowmeter Market Y-o-Y Growth by Country, 2021-2031
Figure 87: Middle East & Africa Subsea Multiphase Flowmeter Market Attractiveness Analysis by Country, 2021-2031
Figure 88: Middle East & Africa Subsea Multiphase Flowmeter Market Incremental $ Opportunity by Country, 2021-2031
Figure 89: Middle East & Africa Subsea Multiphase Flowmeter Market Share and BPS Analysis by Pipe Size- 2021 & 2031
Figure 90: Middle East & Africa Subsea Multiphase Flowmeter Market Y-o-Y Growth by Pipe Size, 2021-2031
Figure 91: Middle East & Africa Subsea Multiphase Flowmeter Market Attractiveness Analysis by Pipe Size, 2021-2031
Figure 92: Middle East & Africa Subsea Multiphase Flowmeter Market Share and BPS Analysis by Application - 2021 & 2031
Figure 93: Middle East & Africa Subsea Multiphase Flowmeter Market Y-o-Y Growth by Application, 2021-2031
Figure 94: Middle East & Africa Subsea Multiphase Flowmeter Market Attractiveness Analysis by Application, 2021-2031
Figure 95: Middle East & Africa Subsea Multiphase Flowmeter Market Share and BPS Analysis by Construction Material - 2021 & 2031
Figure 96: Middle East & Africa Subsea Multiphase Flowmeter Market Y-o-Y Growth by Construction Material, 2021-2031
Figure 97: Middle East & Africa Subsea Multiphase Flowmeter Market Attractiveness Analysis by Construction Material, 2021-2031
South Asia and Pacific currently leads the global market for subsea multiphase flowmeter. Sales in ASEAN countries will account for a major share in subsea multiphase flowmeter market throughout the forecast period.
10’’ pipe size subsea multiphase flowmeters are highly sought-after for various end-use applications. The demand for 10’’ subsea multiphase flowmeters is expected to remain high in the near future.
Production management services are widely integrated with subsea multiphase flowmeters. Production monitoring and subsea well testing applications with subsea multiphase flowmeters are expanding substantially.
Some of the leading companies manufacturing subsea multiphase flowmeter are ABB Ltd, Emerson, Schlumberger Limited, Weatherford, Baker Hughes, AMETEK Inc. etc.
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