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Home>Top 5 Vendors in the Global Wetgas Meters Market - Technavio

Top 5 Vendors in the Global Wetgas Meters Market - Technavio

Top 5 Vendors in the Global Wetgas Meters Market - Technavio

09/30/2017

Top 5 Vendors in the Global Wetgas Meters Market - Technavio

Technavio has announced the top five leading vendors in their recent global wetgas meters market 2017-2021 report. This market research report also lists 14 other prominent vendors that are expected to impact the market during the forecast period.

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170929005401/en/

Technavio has published a new report on the global wetgas meters market from 2017-2021. (Graphic: Bu ...

Technavio has published a new report on the global wetgas meters market from 2017-2021. (Graphic: Business Wire)

Competitive vendor landscape

According to the research analysis, the global wetgas meters market is a highly competitive market with major vendors competing based on price, quality, and market presence. The presence of well-diversified international and regional vendors characterizes the market. In developed and developing countries, many regional vendors are prominent, thus increasing the competition in the market.

A growing number of vendors are focusing on R&D of products that are suitable under harsh operational conditions that prevail in deepwater, ultra-deepwater, high-pressure, and high-temperature situations.

According to Thanikachalam Chandrasekaran, a lead oil and gas research analyst from Technavio, “The main high-pressure and high-temperature zones are the deepwater zones of the Gulf of Mexico and Alaska in North America, North Sea, Norwegian Sea zones of the UK and Ireland in Europe, and Thailand and Indonesia in Asia. Companies are moving toward exploration and production activities in HPHT regions as they offer advanced technologies and solutions for extracting hydrocarbons quickly and efficiently. This movement will lead to more fiscal metering that will require the exact measurement of wetgas and wellhead flows, thus driving the growth of the global wetgas meters market.”

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