Global Oil and Gas Custody Metering System Market Size Likely to Surpass at a CAGR of 6.98% By 2034

Oil and Gas Custody Metering System Market Size

Global Oil and Gas Custody Metering System Market size has witnessed steady growth recently and is expected to continue growing at a CAGR of 6.98% over the forecast period. The market was valued at USD 12.9 Billion in 2025 and is expected to reach USD 16.85 Billion in 2034.

Oil and Gas Custody Metering System Market Growth Factors

In the oil and gas business on a global scale, custody transfer metering is an important component that plays a key role. This fiscal measurement technique might be utilized to determine the monetary worth and amount of a petroleum product.

The market for oil and gas custody metering systems is anticipated to have significant growth in the future. This is a result of the increasing investments that are being made in the production of oil and gas to satisfy the demand for petroleum products.

It is anticipated that technological advancements in the design of custodial metering systems would generate an increase in operational efficiency, which will drive the growth of the global market.

One of the most significant obstacles that important companies, such as those in the oil and gas business, must overcome is the requirement for dependable and accurate measurement to enhance their profitability, performance, and the safety of their applications within the industry.

Oil and Gas Custody Metering System Market Restraints

• High Prices at the Outset: Because of the large expenses associated with the implementation and integration of custody metering systems, this is a significant element that discourages prospective purchasers and restricts the increase of income.

• Complex Maintenance: The requirements for maintenance of these systems can be quite complex, which might result in higher expenses and potentially restrict adoption, which in turn can have an effect on revenue growth.

• Challenges Presented by Technology: The incorporation of cutting-edge technologies such as the Internet of Things (IoT) and data analytics can present difficulties in terms of interoperability, cybersecurity, and skill gaps, which may potentially slow down the growth of the industry.

• Fragmentation of the Market: The existence of different system types and providers might give rise to uncertainty with regard to adoption, which can result in delays in decision-making and limit the potential for market revenue growth.

• Resistance to Change: Some businesses may be dissuaded from implementing new custodial metering technologies due to the fact that they maintain legacy systems and processes that are already in place.

It is possible that the adoption of custody metering systems and revenue growth could be negatively impacted by regulatory uncertainty. This is because the regulations and standards that are in place in different locations are constantly changing, which can lead to confusion and a rise in compliance-related costs.

Report Scope

Oil and Gas Custody Metering System Market Opportunities

• Technology Integration Services: Businesses have the ability to provide services that connect custody metering systems with the Internet of Things (IoT), data analytics, and remote monitoring capabilities. This improves operational efficiency and creates a possibility for recurring revenue through maintenance contracts.

• Consultation and Compliance Solutions: Creating revenue streams while ensuring compliance with regulations can be accomplished by providing consulting services on regulatory compliance and supporting clients in navigating difficult standards.

• Data Analytics and Reporting: Providing clients with modern data analysis tools can assist them in gaining meaningful insights from custody metering data, which in turn enables efficient decision-making and fosters revenue growth.

• Customization and Upgrades: Creating custody metering solutions that are adjustable and individualized to meet the requirements of specific clients, as well as providing upgrades to pre-existing systems, can earn more revenue while simultaneously meeting the requirements of evolving situations.

• Training and Skill Development: Businesses can offer training programs that educate employees with the knowledge and abilities necessary to efficiently manage and maintain custodial metering systems, thereby providing a reliable source of revenue.

• Maintenance and After-Sales Support: Providing thorough after-sales support, maintenance services, and spare parts provisioning can help develop long-term connections with customers, which in turn ensures a consistent flow of revenue beyond the initial sale.

List of the prominent players in the Oil and Gas Custody Metering System Market:

• Emerson
• KROHNE Group
• Oil and Gas Systems International
• Endress+ Hauser Management AG
• ODS Metering Systems
• Schlumberger Limited
• Isystems
• KamehrSdn Bhd.
• Honeywell
• ENCE GmbH
• Siemens (Germany)
• ABB ltd.
• Yokogawa Electric (Japan)
• Azbil (Japan)
• Others

The Oil and Gas Custody Metering System Market is segmented as follows:

By Product Type

• Thermal
• Differential Flow
• Coriolis
• Ultrasonic
• Vortex
• Magnetic
• Turbine
• Others

By Industry Vertical

• Semiconductors
• Oil & Gas
• Water & Wastewater Treatment
• Chemicals
• Pharmaceuticals
• Food & Beverages
• Healthcare & Life Science
• Pulp & Paper
• Others

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America