Insights on Environmental and Safety Mandates Driving the Global Oil & Gas Analytical Instrumentation Industry to 2026 - ResearchAndMarkets.com

The "Environmental and Safety Mandates Driving the Global Oil & Gas Analytical Instrumentation Market, 2020-2026" report has been added to ResearchAndMarkets.com's offering.

Environmental mandates on achieving a low carbon footprint are driving the analytical instrumentation market in the oil & gas industry. Applications in the refining segment, including monitoring of air/water quality and measuring greenhouse gas (GHG) emissions, to present increased growth opportunities.

The market for analytical instrumentation in the oil & gas industry crashed due to the Coronavirus 2019 (COVID-19) induced slowdown that caused a decline in oil prices due to oversupply and less demand. The global demand for gas is expected to peak in 2026 and surpass that for oil, making it the world's primary energy source. This will result in a high demand for analytical instrumentation in upstream and midstream activities.

Key Findings

• Oil demand will peak around the mid-2020s, which will result in extreme upstream activities.
• The global demand for gas is expected to peak in 2026 and surpass the demand for oil, making it the world's primary energy source. This would result in high demand for analytical instrumentation for upstream and midstream activities.
• New sources of gases including biogas, hydrogen, and synthetic methane are being introduced to domestic and commercial energy systems to decarbonize gas consumption. This will further increase the demand for analyzers to measure these gases and their relative carbon emissions.
• A lower carbon shift is realized in the midstream and downstream sectors, which will result in a high demand for emission analyzers.
• Oil and natural gas met 54% of the world's energy demand in 2017. This ratio, however, will reduce to 46% in 2050, leading to a lower demand for analyzers. China has registered the fastest growth in shale gas production, with the highest CAGR of 38.2% from 2015 to 2022. This will result in a high demand for gas chromatographs.
• The price of oil and gas determines the growth of the market. Thanks to the financial crisis caused by COVID-19, the price of a barrel is now close to $20, but usually ranges between $50 and $70. This will result in a much lower market for analytical equipment.
• The market for oil in particular has plunged as a result of the decrease in road transport and air travel. With the demand for green energy, the projection for oil demand in 2030 is already weak. With the pandemic, the demand could be much slower due to a combination of factors such as weak economic growth, changes in consumer behavior, and government policies. Oil and gas accounted for 54% of the world's energy demand in 2017. The demand for oil will peak around the mid-2020s, with a shift in the fuel source to gas thereafter.
• Emissions monitoring and other applications ensuring safety will strongly drive the demand for analytical instruments. The shift from laboratory to process analyzers will result in the deployment of analyzers in the process set-up to meet ASTM regulations. Stringent regulations that restrict the fracking and drilling process associated with oil and gas production will refrain the growth of the analytical instrumentation market.

Key Topics Covered:

1. Executive Summary

2. Market Overview

3. Drivers and Restraints - Total Analytical Instrumentation Market in the Oil & Gas Industry

4. Forecasts and Trends - Total Analytical Instrumentation Market in the Oil & Gas Industry

5. Market Share and Competitive Analysis - Total Analytical Instrumentation Market in the Oil & Gas Industry

• Market Share
• Market Share Analysis
• Competitive Environment
• Top Competitors
• Product Analysis
• Competitive Factors and Assessment

6. Growth Opportunities and Companies to Action

• Growth Opportunity 1 - Consumption of Gas to be Faster than that of Oil
• Growth Opportunity 2 - Emission Monitoring Application
• Strategic Imperatives for Success and Growth

7. Gas Analyzer Segment Analysis

• Gas Analyzer Segment - Key Findings
• Market Engineering Measurements
• Segment Revenue Forecast
• Gas Analyzer Segment - Revenue Forecast by Analyzer Type
• Gas Analyzer Segment - Percent Revenue Forecast by Region
• Revenue Forecast by Region
• Revenue Forecast Discussion

8. Liquid Analyzer Segment Analysis

• Liquid Analyzer Segment - Key Findings
• Market Engineering Measurements
• Segment Revenue Forecast
• Liquid Analyzer Segment - Revenue Forecast by Analyzer Type
• Liquid Analyzer Segment - Percent Revenue Forecast by Region
• Revenue Forecast by Region
• Revenue Forecast Discussion

9. Spectrometer Segment Analysis

• Spectrometer Segment - Key Findings
• Market Engineering Measurements
• Segment Revenue Forecast
• Spectrometers Segment - Revenue Forecast by Analyzer Type
• Spectrometer Segment - Percent Revenue Forecast by Region
• Revenue Forecast by Region
• Revenue Forecast Discussion

10. Gas Chromatograph Segment Analysis

• Gas Chromatograph Segment - Key Findings
• Market Engineering Measurements
• Segment Revenue Forecast
• Gas Chromatograph Segment - Percent Revenue Forecast by Region
• Revenue Forecast by Region
• Revenue Forecast Discussion

11. Application Analysis - Upstream Segment

12. Midstream Segment Analysis

13. Downstream Segment Analysis

14. The Last Word

15. Appendix

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