Oil and Gas Custody Metering System Market

The oil and gas custody metering system market size reached US$ 11.1 Billion in 2023. Looking forward, Reports and Insights expects the market to reach US$ 18.6 Billion by 2032, exhibiting a growth rate (CAGR) of 5.9% during 2024-2032.

Oil and gas custody metering systems are vital tools used throughout the oil and gas value chain, from oil production to truck and train loading of refined products, and are designed to accurately measure the transfer of oil and gas and ensure transparent and equitable transactions. These systems are also capable of automated data collection, thus minimizing human error and enhancing accountability.