Global spending on monitoring methane emissions in the oil and gas industry is forecast to reach 918 million U.S. dollars by 2025. The U.S. is expected to dominate the market, with spending on advanced detection of methane in the oil and gas industry amounting to more than 530 million U.S. dollars, with satellites and aircraft technologies accounting for more than half of this expenditure. Methane monitoring in the U.S. will likely focus on assets in areas like the Permian basin oilfield, which, on an individual basis, is the world's largest GHG emitter.
Forecast regional spending on advanced monitoring of methane in the oil and gas industry by 2025, by technology
(in million U.S. dollars)
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BloombergNEF. (August 10, 2022). Forecast regional spending on advanced monitoring of methane in the oil and gas industry by 2025, by technology (in million U.S. dollars) [Graph]. In Statista. Retrieved October 04, 2024, from https://www.statista.com/statistics/1388682/methane-monitoring-expenditure-worldwide-forecast-regional/
BloombergNEF. "Forecast regional spending on advanced monitoring of methane in the oil and gas industry by 2025, by technology (in million U.S. dollars)." Chart. August 10, 2022. Statista. Accessed October 04, 2024. https://www.statista.com/statistics/1388682/methane-monitoring-expenditure-worldwide-forecast-regional/
BloombergNEF. (2022). Forecast regional spending on advanced monitoring of methane in the oil and gas industry by 2025, by technology (in million U.S. dollars). Statista. Statista Inc.. Accessed: October 04, 2024. https://www.statista.com/statistics/1388682/methane-monitoring-expenditure-worldwide-forecast-regional/
BloombergNEF. "Forecast Regional Spending on Advanced Monitoring of Methane in The Oil and Gas Industry by 2025, by Technology (in Million U.S. Dollars)." Statista, Statista Inc., 10 Aug 2022, https://www.statista.com/statistics/1388682/methane-monitoring-expenditure-worldwide-forecast-regional/
BloombergNEF, Forecast regional spending on advanced monitoring of methane in the oil and gas industry by 2025, by technology (in million U.S. dollars) Statista, https://www.statista.com/statistics/1388682/methane-monitoring-expenditure-worldwide-forecast-regional/ (last visited October 04, 2024)
Forecast regional spending on advanced monitoring of methane in the oil and gas industry by 2025, by technology (in million U.S. dollars) [Graph], BloombergNEF, August 10, 2022. [Online]. Available: https://www.statista.com/statistics/1388682/methane-monitoring-expenditure-worldwide-forecast-regional/
