세계의 습식 가스 미터 시장 : 시장 규모, 점유율, 성장 및 산업 분석 - 유형별, 용도별, 지역별 인사이트 및 예측(2024-2032년)

Growth Factors of wetgas meters Market

The global wetgas meters market has become an integral part of the oil and gas measurement ecosystem due to its ability to accurately quantify multiphase flows that consist of gas mixed with varying levels of liquid. According to the referenced study, the market reached USD 3.96 billion in 2024, supported by increasing upstream exploration activities and the growing complexity of gas production systems. The industry outlook for 2025 indicates continued expansion, with the market expected to grow to USD 4.18 billion, reflecting rising investment in digital measurement systems, subsea infrastructure, and advanced metering technologies. By 2032, the market is forecasted to reach USD 6.29 billion, driven by the increasing adoption of high-accuracy meters in offshore and shale operations, as well as expanding regulatory compliance requirements.

Wet gas metering has become a priority due to its significant role in production optimization, allocation management, and accurate fiscal reporting. Traditional single-phase flow meters fall short when even small volumes of liquid are present in the gas stream, making them unsuitable for modern exploration fields, especially in deepwater and marginal field settings. Wetgas meters, designed to manage flows where liquids may account for up to 50% of total mass, offer the precision needed for the next generation of production systems. These devices also support continuous monitoring, enabling operators to improve reservoir management and reduce operational risks.

Key Market Drivers

1. Expansion of High-output and Mature Gas Fields

The discovery and development of high-output gas fields contribute significantly to the market's growth. Many mature fields, particularly those in late production phases, tend to produce wet gas due to increased water formation and pressure depletion. This trend compels operators to adopt advanced wet gas metering technologies to maintain measurement accuracy. Governments are also promoting the use of natural gas as a cleaner fuel alternative, leading to increased pipeline development and the installation of modern wetgas metering systems.

A prime example includes Equinor's discovery in the North Sea, where reserves between 0.1-1.2 million Sm3 of oil equivalent and an additional 0.4-1.3 million Sm3 in another formation signify substantial potential. Wetgas meters play a vital role in analyzing such reserves by assisting in reservoir characterization and allocation measurement.

2. Technological Advancements in Metering Systems

New digital innovations-such as smart sensors, advanced algorithms, and machine-learning-enabled diagnostics-are transforming the wetgas metering landscape. Modern meters offer real-time monitoring, enhanced accuracy, and improved reliability. Integration with Industrial IoT (IIoT) platforms allows operators to remotely access performance data, reducing on-site maintenance requirements and enabling predictive analytics.

Key advancements include:

• High-precision sensors capable of detecting subtle variations in flow composition
• Improved salinity measurement systems for subsea wells
• Enhanced communication systems such as BLE (Bluetooth Low Energy) for remote configuration
• Multipoint calibration technologies that accommodate complex fluid compositions

These innovations collectively support the market's projected rise to USD 6.29 billion by 2032.

Market Restraints

Despite rising demand, the wetgas meters market faces several challenges:

1. High Installation and Lifecycle Costs

Wet gas metering systems are significantly more expensive than conventional gas meters due to their complex design and high maintenance requirements. Small and medium-sized enterprises may struggle to adopt these solutions, limiting market penetration in cost-sensitive regions.

2. Technical Difficulties in Measurement Accuracy

Wet gas measurement is inherently challenging because flow regimes and gas-to-liquid ratios vary dramatically across reservoirs. Achieving stable, accurate readings demands sophisticated algorithms and hardware systems. Hybrid wetgas meters combining multiple sensors often become bulky and complex, posing integration challenges in compact offshore environments.

Market Opportunities

1. Subsea Field Development

Subsea gas fields require continuous, high-accuracy data to ensure flow assurance and maintain well integrity. Wetgas meters with advanced diagnostics, fast response times, and salinity measurement capabilities are essential. These technologies enable operators to detect anomalies, optimize production, and prevent hydrate formation or corrosion-critical for deepwater operations.

2. Increasing Adoption of Digital and IIoT Solutions

The rising adoption of IIoT-enabled metering systems offers long-term opportunities for service-based revenue streams, including performance monitoring, recalibration services, and predictive analytics.

Segmentation Analysis

By Type

1. Stainless Steel Wetgas Meters - Dominant Segment

Stainless steel wetgas meters accounted for 67.02% of the market share in 2025. These meters are preferred for their durability, corrosion resistance, and ability to withstand high-pressure environments. They deliver high linearity and can operate in extreme offshore conditions.

Notable launch:

• Turbines, Inc. (November 2024) introduced the Integrated Turbine Meter (ITM) series with +-1% linearity and operating pressures up to 5,000 psi.

2. Brass Wetgas Meters

Brass meters serve residential and small industrial needs where cost sensitivity is high. The segment is expected to grow moderately with a 5.36% CAGR (2025-2032).

By End-user Industry

1. Oil & Gas - Market Leader

The oil & gas sector holds the largest share at 84.19% in 2024. Wet gas meters are essential for:

• Subsea allocation management
• Fiscal metering
• Flow assurance
• Unconventional resource development

2. Chemical Industry

The chemical sector relies on wetgas meters for processes such as biogas recovery and wet gas sulfuric acid production. This segment is steadily expanding as chemical manufacturing grows globally.

Regional Outlook

North America - Market Leader (36.61% Share in 2024)

North America remains the global leader, valued at USD 1.45 billion in 2024, due to:

• Expanding shale gas infrastructure
• Technological adoption in measurement systems
• Rising natural gas vehicle usage

The U.S. alone will gain USD 1.29 billion in 2025, supported by rising natural gas reserves of 691 Tcf in 2022, marking a 10.5% increase over the previous year.

Europe - Second Largest Market

Europe is projected to reach USD 0.98 billion in 2025, with strong contributions from Russia, Norway, Germany, and the U.K. Russia's long-standing gas production makes it a central hub for wetgas metering technologies.

Asia Pacific - High-growth Region

Expected to reach USD 0.80 billion in 2025, with China contributing USD 0.31 billion. Rapid industrialization, rising energy demand, and infrastructure upgrades drive adoption.

Latin America

Growth is supported by government-backed exploration projects such as the Fenix gas field in Argentina, capable of producing 10 million cubic meters/day.

Middle East & Africa

Expected to hit USD 0.75 billion in 2025, driven by deepwater exploration and stringent environmental regulations.

Competitive Landscape

Key players include:

• Tek Tol
• AMETEK
• Emerson
• Krohne
• SLB
• DP Diagnostics
• EMCO Controls
• Expro
• Force Technology

Companies are investing in advanced multiphase meters, digital platforms, and rugged subsea systems.

Conclusion

The global wetgas meters market is on a sustained growth path, expanding from USD 3.96 billion in 2024 to USD 4.18 billion in 2025, and projected to reach USD 6.29 billion by 2032. The market's growth is driven by rising natural gas production, increasing emphasis on accurate fiscal measurement, and rapid advancements in digital metering technologies. As offshore exploration deepens and subsea development accelerates, wetgas meters will remain essential to global energy infrastructure.

Segmentation By Type

• Stainless Steel Wetgas Meter
• Brass Wetgas Meter

By End-User Industry

• Oil & Gas
• City Gas Distribution
• Chemical
• Others

By Region

• North America (By Type, End-User Industry, and Country)
  • U.S. (By End-User Industry)
  • Canada (By End-User Industry)
• Europe (By Type, End-User Industry, and Country)
  • U.K. (By End-User Industry)
  • Germany (By End-User Industry)
  • Poland (By End-User Industry)
  • Norway (By End-User Industry)
  • Russia (By End-User Industry)
  • Rest of Europe (By End-User Industry)
• Asia Pacific (By Type, End-User Industry, and Country)
  • China (By End-User Industry)
  • India (By End-User Industry)
  • Australia (By End-User Industry)
  • Southeast Asia (By End-User Industry)
  • Rest of Asia Pacific (By End-User Industry)
• Latin America (By Type, End-User Industry, and Country)
  • Brazil (By End-User Industry)
  • Argentina (By End-User Industry)
  • Rest of Latin America (By End-User Industry)
• Middle East & Africa (By Type, End-User Industry, and Country)
  • Iran (By End-User Industry)
  • Saudi Arabia (By End-User Industry)
  • Egypt (By End-User Industry)
  • Rest of Middle East & Africa (By End-User Industry)

Table of Content

1. Introduction

• 1.1. Research Scope
• 1.2. Market Segmentation
• 1.3. Research Methodology
• 1.4. Definitions & Assumptions

2. Executive Summary

3. Market Dynamics

• 3.1. Market Drivers
• 3.2. Market Restraints
• 3.3. Market Opportunities

4. Key Insights

• 4.1. Key Emerging Trends - For Major Countries
• 4.2. Latest Tecshnological Advancement
• 4.3. Insight on Regulatory Landscape
• 4.4. Porters Five Forces Analysis
• 4.5. Impact of COVID-19 on the Wetgas Meter Market

5. Global Wetgas Meter Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032

• 5.1. Key Findings
• 5.2. Market Analysis, Insights, and Forecast - By Type
  • 5.2.1. Stainless Steel Wetgas Meter
  • 5.2.2. Brass Wetgas Meter
• 5.3. Market Analysis, Insights, and Forecast - By End-User Industry
  • 5.3.1. Oil & Gas
  • 5.3.2. City Gas Distribution
  • 5.3.3. Chemical
  • 5.3.4. Others
• 5.4. Market Analysis, Insights, and Forecast - By Region
  • 5.4.1. North America
  • 5.4.2. Europe
  • 5.4.3. Asia Pacific
  • 5.4.4. Latin America
  • 5.4.5. Middle East & Africa

6. North America Wetgas Meter Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032

• 6.1. Key Findings
• 6.2. Market Analysis, Insights, and Forecast - By Type
  • 6.2.1. Stainless Steel Wetgas Meter
  • 6.2.2. Brass Wetgas Meter
• 6.3. Market Analysis, Insights, and Forecast - By End-User Industry
  • 6.3.1. Oil & Gas
  • 6.3.2. City Gas Distribution
  • 6.3.3. Chemical
  • 6.3.4. Others
• 6.4. Market Analysis, Insights, and Forecast - By Country
  • 6.4.1. U.S. Market Analysis, Insights, and Forecast - By End-User Industry
    • 6.4.1.1. Oil & Gas
    • 6.4.1.2. City Gas Distribution
    • 6.4.1.3. Chemical
    • 6.4.1.4. Others
  • 6.4.2. Canada Market Analysis, Insights, and Forecast - By End-User Industry
    • 6.4.2.1. Oil & Gas
    • 6.4.2.2. City Gas Distribution
    • 6.4.2.3. Chemical
    • 6.4.2.4. Others

7. Europe Wetgas Meter Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032

• 7.1. Key Findings
• 7.2. Market Analysis, Insights, and Forecast - By Type
  • 7.2.1. Stainless Steel Wetgas Meter
  • 7.2.2. Brass Wetgas Meter
• 7.3. Market Analysis, Insights, and Forecast - By End-User Industry
  • 7.3.1. Oil & Gas
  • 7.3.2. City Gas Distribution
  • 7.3.3. Chemical
  • 7.3.4. Others
• 7.4. Market Analysis, Insights, and Forecast - By Country
  • 7.4.1. UK Market Analysis, Insights, and Forecast - By End-User Industry
    • 7.4.1.1. Oil & Gas
    • 7.4.1.2. City Gas Distribution
    • 7.4.1.3. Chemical
    • 7.4.1.4. Others
  • 7.4.2. Germany Market Analysis, Insights, and Forecast - By End-User Industry
    • 7.4.2.1. Oil & Gas
    • 7.4.2.2. City Gas Distribution
    • 7.4.2.3. Chemical
    • 7.4.2.4. Others
  • 7.4.3. Poland Market Analysis, Insights, and Forecast - By End-User Industry
    • 7.4.3.1. Oil & Gas
    • 7.4.3.2. City Gas Distribution
    • 7.4.3.3. Chemical
    • 7.4.3.4. Others
  • 7.4.4. Norway Market Analysis, Insights, and Forecast - By End-User Industry
    • 7.4.4.1. Oil & Gas
    • 7.4.4.2. City Gas Distribution
    • 7.4.4.3. Chemical
    • 7.4.4.4. Others
  • 7.4.5. Russia Market Analysis, Insights, and Forecast - By End-User Industry
    • 7.4.5.1. Oil & Gas
    • 7.4.5.2. City Gas Distribution
    • 7.4.5.3. Chemical
    • 7.4.5.4. Others
  • 7.4.6. Rest of Europe Market Analysis, Insights, and Forecast - By End-User Industry
    • 7.4.6.1. Oil & Gas
    • 7.4.6.2. City Gas Distribution
    • 7.4.6.3. Chemical
    • 7.4.6.4. Others

8. Asia Pacific Wetgas Meter Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032

• 8.1. Key Findings
• 8.2. Market Analysis, Insights, and Forecast - By Type
  • 8.2.1. Stainless Steel Wetgas Meter
  • 8.2.2. Brass Wetgas Meter
• 8.3. Market Analysis, Insights, and Forecast - By End-User Industry
  • 8.3.1. Oil & Gas
  • 8.3.2. City Gas Distribution
  • 8.3.3. Chemical
  • 8.3.4. Others
• 8.4. Market Analysis, Insights, and Forecast - By Country
  • 8.4.1. China Market Analysis, Insights, and Forecast - By End-User Industry
    • 8.4.1.1. Oil & Gas
    • 8.4.1.2. City Gas Distribution
    • 8.4.1.3. Chemical
    • 8.4.1.4. Others
  • 8.4.2. India Market Analysis, Insights, and Forecast - End-User Industry
    • 8.4.2.1. Oil & Gas
    • 8.4.2.2. City Gas Distribution
    • 8.4.2.3. Chemical
    • 8.4.2.4. Others
  • 8.4.3. Australia Market Analysis, Insights, and Forecast - By End-User Industry
    • 8.4.3.1. Oil & Gas
    • 8.4.3.2. City Gas Distribution
    • 8.4.3.3. Chemical
    • 8.4.3.4. Others
  • 8.4.4. Southeast Asia Market Analysis, Insights, and Forecast - By End-User Industry
    • 8.4.4.1. Oil & Gas
    • 8.4.4.2. City Gas Distribution
    • 8.4.4.3. Chemical
    • 8.4.4.4. Others
  • 8.4.5. Rest of Asia Pacific Market Analysis, Insights, and Forecast - By End-User Industry
    • 8.4.5.1. Oil & Gas
    • 8.4.5.2. City Gas Distribution
    • 8.4.5.3. Chemical
    • 8.4.5.4. Others

9. Latin America Wetgas Meter Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032

• 9.1. Key Findings
• 9.2. Market Analysis, Insights, and Forecast - By Type
  • 9.2.1. Stainless Steel Wetgas Meter
  • 9.2.2. Brass Wetgas Meter
• 9.3. Market Analysis, Insights, and Forecast - By End-User Industry
  • 9.3.1. Oil & Gas
  • 9.3.2. City Gas Distribution
  • 9.3.3. Chemical
  • 9.3.4. Others
• 9.4. Market Analysis, Insights, and Forecast - By Country
  • 9.4.1. Brazil Market Analysis, Insights, and Forecast - By End-User Industry
    • 9.4.1.1. Oil & Gas
    • 9.4.1.2. City Gas Distribution
    • 9.4.1.3. Chemical
    • 9.4.1.4. Others
  • 9.4.2. Argentina Market Analysis, Insights, and Forecast - By End-User Industry
    • 9.4.2.1. Oil & Gas
    • 9.4.2.2. City Gas Distribution
    • 9.4.2.3. Chemical
    • 9.4.2.4. Others
  • 9.4.3. Rest of Latin America Market Analysis, Insights, and Forecast - By End-User Industry
    • 9.4.3.1. Oil & Gas
    • 9.4.3.2. City Gas Distribution
    • 9.4.3.3. Chemical
    • 9.4.3.4. Others

10. Middle East and Africa Wetgas Meter Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032

• 10.1. Key Findings
• 10.2. Market Analysis, Insights, and Forecast - By Type
  • 10.2.1. Stainless Steel Wetgas Meter
  • 10.2.2. Brass Wetgas Meter
• 10.3. Market Analysis, Insights, and Forecast - By End-User Industry
  • 10.3.1. Oil & Gas
  • 10.3.2. City Gas Distribution
  • 10.3.3. Chemical
  • 10.3.4. Others
• 10.4. Market Analysis, Insights, and Forecast - By Country
  • 10.4.1. Iran Market Analysis, Insights, and Forecast - By End-User Industry
    • 10.4.1.1. Oil & Gas
    • 10.4.1.2. City Gas Distribution
    • 10.4.1.3. Chemical
    • 10.4.1.4. Others
  • 10.4.2. Saudi Arabia Market Analysis, Insights, and Forecast - By End-User Industry
    • 10.4.2.1. Oil & Gas
    • 10.4.2.2. City Gas Distribution
    • 10.4.2.3. Chemical
    • 10.4.2.4. Others
  • 10.4.3. Egypt Market Analysis, Insights, and Forecast - By End-User Industry
    • 10.4.3.1. Oil & Gas
    • 10.4.3.2. City Gas Distribution
    • 10.4.3.3. Chemical
    • 10.4.3.4. Others
  • 10.4.4. Rest of the Middle East & Africa Market Analysis, Insights, and Forecast - By End-User Industry
    • 10.4.4.1. Oil & Gas
    • 10.4.4.2. City Gas Distribution
    • 10.4.4.3. Chemical
    • 10.4.4.4. Others

11. Competitive Analysis

• 11.1. Company Market Share Analysis, 2024
• 11.2. Company Profile
  • 11.2.1. Tek Tol
    • 11.2.1.1. Business Overview
    • 11.2.1.2. Product and Service Offerings
    • 11.2.1.3. Recent Developments
    • 11.2.1.4. Financials (Based on Availability)
  • 11.2.2. AMETEK
    • 11.2.2.1. Business Overview
    • 11.2.2.2. Product and Service Offerings
    • 11.2.2.3. Recent Developments
    • 11.2.2.4. Financials (Based on Availability)
  • 11.2.3. DP Diagnostics
    • 11.2.3.1. Business Overview
    • 11.2.3.2. Product and Service Offerings
    • 11.2.3.3. Recent Developments
    • 11.2.3.4. Financials (Based on Availability)
  • 11.2.4. EMCO Controls
    • 11.2.4.1. Business Overview
    • 11.2.4.2. Product and Service Offerings
    • 11.2.4.3. Recent Developments
    • 11.2.4.4. Financials (Based on Availability)
  • 11.2.5. Emerson
    • 11.2.5.1. Business Overview
    • 11.2.5.2. Product and Service Offerings
    • 11.2.5.3. Recent Developments
    • 11.2.5.4. Financials (Based on Availability)
  • 11.2.6. Expro
    • 11.2.6.1. Business Overview
    • 11.2.6.2. Product and Service Offerings
    • 11.2.6.3. Recent Developments
    • 11.2.6.4. Financials (Based on Availability)
  • 11.2.7. Force Technology
    • 11.2.7.1. Business Overview
    • 11.2.7.2. Product and Service Offerings
    • 11.2.7.3. Recent Developments
    • 11.2.7.4. Financials (Based on Availability)
  • 11.2.8. Krohne
    • 11.2.8.1. Business Overview
    • 11.2.8.2. Product and Service Offerings
    • 11.2.8.3. Recent Developments
    • 11.2.8.4. Financials (Based on Availability)
  • 11.2.9. Shinagawa Co. Ltd.
    • 11.2.9.1. Business Overview
    • 11.2.9.2. Product and Service Offerings
    • 11.2.9.3. Recent Developments
    • 11.2.9.4. Financials (Based on Availability)
  • 11.2.10. Rosen-nxt
    • 11.2.10.1. Business Overview
    • 11.2.10.2. Product and Service Offerings
    • 11.2.10.3. Recent Developments
    • 11.2.10.4. Financials (Based on Availability)
  • 11.2.11. MaxiFlo
    • 11.2.11.1. Business Overview
    • 11.2.11.2. Product and Service Offerings
    • 11.2.11.3. Recent Developments
    • 11.2.11.4. Financials (Based on Availability)
  • 11.2.12. SLB
    • 11.2.12.1. Business Overview
    • 11.2.12.2. Product and Service Offerings
    • 11.2.12.3. Recent Developments
    • 11.2.12.4. Financials (Based on Availability)
  • 11.2.13. CX Instrument
    • 11.2.13.1. Business Overview
    • 11.2.13.2. Product and Service Offerings
    • 11.2.13.3. Recent Developments
    • 11.2.13.4. Financials (Based on Availability)
  • 11.2.14. Shanghai Cixi Instrument Co. Ltd
    • 11.2.14.1. Business Overview
    • 11.2.14.2. Product and Service Offerings
    • 11.2.14.3. Recent Developments
    • 11.2.14.4. Financials (Based on Availability)
  • 11.2.15. Fluid Components LLC
    • 11.2.15.1. Business Overview
    • 11.2.15.2. Product and Service Offerings
    • 11.2.15.3. Recent Developments
    • 11.2.15.4. Financials (Based on Availability)