Global Oil and Gas Instruments Market Analysis and Opportunity Perspective Report 2022 with a Focus on Environmental Testing for Refinery Waste and Utilities/Power Generation

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Dublin, March 02, 2023 (GLOBE NEWSWIRE) -- The "Global Oil and Gas Instruments Market Opportunity" report has been added to ResearchAndMarkets.com's offering.

Oil & Gas Market Analysis and Perspective report evaluates the global analytical instrument market in the oil & gas and other closely related industries, such as environmental testing for refinery waste and utilities/power generation.

In this report, the oil & gas industry is categorized into upstream, midstream, downstream, in which different testing applications are observed. The analytical instrument market in this report includes laboratory benchtop, portable, and process instruments utilized in oil & gas applications. These instruments are categorized into nine different technology groups that contribute to the overall market.

Oil & natural gas are the world's primary fuel sources and play an influential role in the global economy. As a whole, the oil & gas industry remains the largest single source of energy in terms of global consumption. Fossil fuels, including coal, make up more than 80% of the world's energy supply.

These non-renewable fuels provide electricity, heat, transportation and also feed into processes that make products from steel to plastics. Despite efforts to decarbonize and expanding research into alternative fuel sources, even the most optimistic scenarios for reducing global dependence on fossil fuels show oil and gas dominating the energy landscape for many decades.

During the pandemic, oil and gas demand, along with prices, tumbled as countries imposed strict lockdowns to contain the spread of COVID-19. With a successful vaccination rollout, lockdowns were lifted, and demand surged. However, that surge was quickly disrupted by the invasion of Ukraine by Russia resulting in sky rocketing prices.

Furthermore, inflation, geopolitical issues and the threat of an impending recession cast much uncertainty over the oil & gas industry. Amidst the gloomy overcast, the outlook for natural gas is positive even with a tightening market and increasing prices, with the more carbon friendly form of fossil fuel expected to aid in the global effort to reduce greenhouse emissions.

In addition, gas accounted for nearly half of the world's growth in energy demand, with most of the increased consumption coming from China and the United States.

Instrumentation is critical to the exploration, development, production, processing, and delivery of oil & gas products, and it also has crucial roles to play in plant and worker safety, as well as the monitoring and testing of fuels.

Beyond the realm of energy, oil is also important as an industrial lubricant, and there is significant testing in this aspect of the oil & gas industry as well.

Report Overview:

Market demand segmented by technique, region, and function, along with yearly market forecasts through 2026. The market estimates have been newly updated with 2021 as the base year and estimates.

Market opportunities and threats for the oil & gas industry and regional trends for the United States & Canada, Europe, China, Japan, India & Other Asia-Pacific, Latin America & the Rest of the World.

Vendor share of participating suppliers in each technology category employed by the oil & gas industry.

Some of the top vendors

• Agilent

• ABB

• AMETEK

• Anton Paar

• Bruker

• Danaher

• Drager

• Emerson

• Honeywell

• Horiba

• PAC (Roper)

• PerkinElmer

• Rigaku

• Riken Keiki

• Shimadzu

• Siemens

• Spectris

• Teledyne

• Thermo

• Waters

• Yokogawa

Key Topics Covered:

Section 1. Introduction

• Report Description

• Executive Summary

• Scope and Methodology

Section 2. Oil & Gas Global Landscape

• Structure of the Oil & Gas Industry

• Supply & Demand

• Regional Trends

• Opportunities & Threats

Section 3. Market Demand

• Overall

• Overall Demand by Product Type, 2021

• Overall Demand by Product Type, 2021-2026

• Overall Demand by Region, 2021-2026

• Overall Demand by Industrial Area, 2021-2026

• Overall Vendor Share, 2021

• Chromatography

• Mass Spectrometry

• Atomic Spectroscopy

• Molecular Spectroscopy

• Materials Characterization

• Petroleum Analyzers

• General Analytical Techniques

• Process Liquid Analyzers

• Process Gas Analyzers

Section 4. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/hbb3rb-oil-and?w=12-oil-and?w=12

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