Published by mark itwired
Posted on October 5, 2021
4 min readLast updated: January 31, 2026
The subsea multiphase flowmeter market is set to grow at 8.5% CAGR from 2021 to 2031, driven by oil and gas sector investments and technological advancements.
The global subsea multiphase flowmeter market is forecast to expand at 8.5 % CAGR for the forecast period of 2021-2031, finds Future Market Insights (FMI) in a new study. Exquisite functionality of subsea multiphase flowmeter in maintaining the inflow and outflow of oil and gas drives the market growth. Introduction of subsea multiphase flowmeter in production management and monitory along with usage in deep reservoir will aggravate the market demand, evaluated by ESOMAR-certified consulting firm Future Market Insights (FMI) in this study.
According to the study, Establishment of sales and servicing centers in developing economies and forming alliance with regional distributing channels is proving a profitable strategy for long term market expansion. COVID-19 pandemic slowed down the world economy directly affecting the subsea multiphase flowmeter market, but is expected to recover with resuming of trading and economic activities post lockdown.
“Market players are concentrating on delivering premium performance products to satisfy end users and are proposing competitive price structure to expand their global foothold and strengthen their sales channels,” remarks the FMI analyst.
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Key Takeaways
Prominent Drivers
Key Restraints
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
Competitive Landscape
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.
For any Queries Linked with the Report, Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-11893
The post Subsea Multiphase Flowmeter Market valuation is US $ 616.6 Mn & 8.5 % CAGR between forecast period 2021-2031 appeared first on Industry News Analsis.
The article discusses the growth and trends in the subsea multiphase flowmeter market from 2021 to 2031.
Market growth is driven by investments in the oil and gas sector and advancements in subsea flowmeter technology.
North America leads with 66% of global sales, while China and the Middle East are also significant markets.
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