Oil
& Gas SCADA Market Scenario
The global oil & gas SCADA
market is estimated to grow with a 5.90% CAGR during the forecast period. SCADA
is one of the most significant tools for monitoring equipment and processing
data in real-time. It is a control system that facilitates a high-level of
supervision of critical operations in industries such as oil & gas,
manufacturing, and transportation. In the oil & gas industry, accurate
real-time data is very essential for calibrating the equipment, schedule
maintenance activities, and coordinating with third-party logistics to ensure
the smooth operation of the equipment. SCADA system comprises of various
subsegments and components including programmable logic controllers (PLCs),
industrial PCs, RTUs, servers, telemetry systems, and a supervisory system.
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The growing demand for SCADA in the
oil & gas industry is attributed to the increasing demand for remote
management of oil & gas pipelines, growing pipeline networks, and increased
use of cloud computing services in SCADA systems. Additionally, governments in
various economies around the globe are developing policies to encourage the use
of IoT technology to improve efficiency and reduce downtime and operating cost.
According to Oxford Economics, in the oil & gas industry adoption of IoT
could increase the global GDP by approximately USD 816 billion from 2018 to
2028, thereby boosting the oil & gas SCADA market during the forecast
period.
Industry
Segmentation
The oil & gas SCADA market is
segmented based on architecture into hardware, software, and services. The
hardware segment dominated the Oil & Gas SCADA market. Hardware subsegment
is expected to dominate the market owing to the rising investments that are
focused on automation in the oil & gas industry. Additionally, hardware
components can be easily installed with the existing infrastructure. This also
leads to the large share of the hardware subsegment during the forecast period.
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Leading
Players
The key players of global oil &
gas SCADA market are ABB (Switzerland), General Electric (US), Schneider
Electric SE (France), Siemens (Germany), Rockwell Automation, Inc. (US), Larsen
& Toubro Limited (India), Mitsubishi Electric Corporation (Japan), Yokogawa
Electric Corporation (Japan), Emerson Electric Co. (US), Honeywell
International Inc. (US), PSI AG (Germany), Technipfmc, Plc (UK), and
International Business Machines Corporation (IBM) (US).
Scope
of the Report
This research report provides
insights into various levels of analysis, such as industry analysis and market
share analysis for the leading industry competitors, along with their profiles.
It also helps in studying the target segments by providing views on the
emerging & high-growth segments. The market data comprises the basic
assessment of the competitive scenarios and strategies in the global oil &
gas SCADA market, including high-growth regions and/or countries, and political
and economic environments. The project report further provides both –
historical market values and pricing & cost analysis
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