Wireless Sensor Networking Brings Energy Solutions to the Oil & Gas Sector
An accelerating energy crisis in the oil and gas industry is driving development and investment in Wireless Sensor Network (WSN) technologies, according to a recently published report by ON World.
“While profits are high, the cost of doing business is increasing and oil and gas supplies are becoming more difficult and expensive to find and exploit,” says Mareca Hatler, ON World’s Director of Research. “This has accelerated demand for wireless sensing and control solutions in this industry, representing a cumulative Total Potential Market (TPM) of 25 million units worldwide.”
This has accelerated demand for wireless sensing and control solutions in this industry, representing a cumulative Total Potential Market (TPM) of 25 million units worldwide. ON World’s recent survey of senior managers with the world’s leading oil and gas companies found that 35% are current wireless sensor users and nearly half plan to investigate WSN within the next 18 months. While most of the current WSN sales are for refineries and petrochemical plants, exploration and production, pipelines, and transportation are the most disruptive opportunities for new entrants. Some of the largest WSN innovations areas are pipeline internal corrosion monitoring, automated offshore platforms, advanced geological survey technologies, and nanotechnologies for advanced extraction techniques.
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