Flexible Electronics News

MarketsandMarkets: Oil & Gas Sensors Market Worth $9.4 Billion by 2023

Major factors driving the oil & gas sensors market include growing IoT in the oil & gas industry.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

MarketsandMarkets’ report, “Oil & Gas Sensors Market by Type (Pressure, Level, Flow,Temperature), Connectivity (Wired, Wireless), Application (Remote Monitoring, Condition Monitoring, Analysis), Sector (Upstream, Midstream, Downstream), and Region -Global Forecast to 2023,” predicts that the oil & gas sensors market is expected to grow from $7.4 billion in 2018 to $9.4 billion by 2023, at a compound annual growth rate (CAGR) of 4.8% during the forecast period.   The major factors driving...

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