Global Oil & Gas SCADA Market Research Report by Architecture
(Hardware, Software and Services), by Sector (Upstream, Midstream and
Downstream) and by Region (Asia-Pacific, North America, Europe and the Middle
East & Africa) - Forecast till 2024
Oil & Gas SCADA Market – Overview
The
requirement for monitoring equipment and managing data in real-time is
motivating the oil & gas SCADA market. Reports that investigate the energy
and power industry have been presented by Market Research Future, which
produces reports on industry verticals that appraise the market expansion and
prospects. The market is set to garner incomes worth USD 3.50 Billion and is
projected to flourish at a 5.90 % CAGR by 2024.
The
development of policies that encourage the usage of IoT technology to increase
downtime, efficiency, and operating cost is further motivating the oil &
gas SCADA market. Furthermore, the need to arrange maintenance activities, and
managing with third-party logistics to safeguard the smooth operation of the
equipment is bolstering the progress of the oil & gas SCADA market around
the world.
Get
Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/7925
Segmental Analysis
The
segmentation of the oil & gas SCADA market has been carried out on the
basis of architecture, region, and sector.
On
the basis of architecture, the oil & gas SCADA market is segmented into
hardware, services, and software. Among these segments, the hardware
sub-segment is anticipated to control the market due to increasing investments
for including computerized devices in the oil & gas industry. Moreover, the
hardware components are easy to put in within the current infrastructure, which
is leading to higher shares of hardware sub-segment in the forecast period.
Based
on the sector, the oil & gas SCADA market is segmented into midstream,
upstream, and downstream.
Based
on the regions, the oil & gas SCADA market is segmented into the Asia
Pacific, North America, the Middle East & Africa, Europe, and South
America.
Access
Full Report at: https://www.marketresearchfuture.com/reports/oil-gas-scada-market-7925
Regional Analysis
The
regional study of the oil & gas SCADA market is segmented into regions such
as Asia Pacific, North America, the Middle East & Africa, Europe, and South
America.
As
per the analysis, the North American region is estimated to influence the main
share through the forecast period due to escalating investments in the pipeline
infrastructure and increasing adoption of cloud facilities in the region.
Moreover, the intensifying investments in refineries and the search for new oil
& gas fields in the US and Canada are also anticipated to improve the
demand for a dependable system to capture the real-time data, leading to the
augmented installation of SCADA systems in the oil & gas industry.
Competitive Analysis
The
central competitors functioning in the oil & gas SCADA market are General
Electric (US), Schneider Electric SE (France), Siemens (Germany), Larsen &
Toubro Limited (India), ABB (Switzerland), Yokogawa Electric Corporation
(Japan), Emerson Electric Co. (US), Rockwell Automation, Inc. (US), Honeywell
International Inc. (US), PSI AG (Germany), Technipfmc, Plc (UK), Mitsubishi
Electric Corporation (Japan), and International Business Machines Corporation
(IBM) (US).
About Market Research Future:
At
Market Research Future (MRFR), we enable our customers to unravel the
complexity of various industries through our Cooked Research Report (CRR),
Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed
Research (CFR), and Market Research & Consulting Services.
Contact:
Market
Research Future
+1
646 845 9312
Related Reports:
Marine Hybrid Propulsion System Market
Research Report - Global Forecast 2023
Switchgear Monitoring Market
Research Report - Global Forecast till 2024
No comments:
Post a Comment