Oil & Gas SCADA Market Scope
The global Oil & Gas SCADA market is expected to witness high growth in the forecasted period due to the growing demand for remote management of oil & gas pipelines and increasing pipeline networks. Oil and gas SCADA refers to oil and gas industrial control systems. It is used as an automation system that helps to gain data from remote devices installed in the field. The major function of the oil and gas SCADA system is to obtain data from remote devices such as pumps, transmitters, valves, etc. and provide overall control for the process remotely from the host SCADA software platform. The automation and innovation in the oil & gas industry have created a demand for SCADA systems. Moreover, chaining business environment and technological advancement have been creating promising opportunities.
The market study is segmented by Type (Hardware, Software and Service), by Application (Advanced Control, Custody Transfer, Downhole Control, Environmental Compliance, Full Field Management, Leak Detection, Pipeline Integrity Management, Reservoir Management, Scheduling and Planning, Subsea and Terminal Automation and Management) and major geographies with country level break-up. According to AMA, the Global Oil & Gas SCADA market is expected to see growth rate of 4.3% and may see market size of USD5300.0 Million by 2024.
Global oil and gas SCADA market show oligopoly due to the presence of key players. Key players have a wide portfolio of oil and gas SCADA industry. The competitive environment in the global oil and gas SCADA market is predictable to strengthen during the forecast period because of growth in technological modernizations and cloud-based systems. For instance, ABB launched a cloud-based SCADA system, Ability Wellhead Manager for oil and gas operators of all sizesThe Manufacturers having a strong hold in the market are GE, Mitsubishi Electric Corporation, Schneider Electric SE, ABB Ltd.. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Oil & Gas SCADA market throughout the predicted period.
ABB Ltd. (Switzerland), Schneider Electric SE (France), Rockwell Automation, Inc. (United States), Yokogawa Electric Corporation (Japan), General Electric Company (United States), Honeywell International Inc. (United States), Mitsubishi Electric Corporation (Japan), CygNet Software, Inc. (United States), Siemens AG (Germany), Quorum Business Solutions, Inc. (United States), Larsen & Toubro Limited (India) and ZTE Corporation (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are PSI AG (Germany), Orbcomm Inc. (United States), Iconics, Inc. (United States), Detechtion Technologies (United States), eLynx Technologies, LLC (United States), Globalogix, Inc. (United States), TRC Advanced Technologies Inc. (United States), Inductive Automation (United States) and International Business Machines Corporation (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AdvanceMarketAnalytics has segmented the market of Global Oil & Gas SCADA market by Type, Application and Region. On the basis of Type, Software are dominating the market in the year 2018 where as Hardware stood as second largest market share.
On the basis of geography, the market of Oil & Gas SCADA has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
On 8th October 2019, Quorum Software provider of digital transformation solutions for the oil & gas industry launched myQuorum DynamicDocs a Cloud-based oil and gas document management system. and On 21st August 2019, Quorum Software acquired OGsys provider of cloud-based oil and gas accounting software for small and medium-sized industries in order to enhance their product portfolio in the advanced oil & gas technologies.
On 11th July 2019, Emerson launched cloud-based SCADA into its field in order to enhance its cloud-based monitoring, control, and optimization solutions., On 4th March 2019, ABB launched a cloud-based SCADA system, Ability Wellhead Manager for oil and gas operators of all sizes. and On 9th November 2018, Honeywell has acquired warehouse automation solutions provider Transnorm. The deal was established for 425 million dollars.
- Fueling Use of Cloud Computing
- Rising Focus on Process Optimization through Digitization
- Growing Demand for Remote Management of Oil & Gas Pipelines
- Increasing Pipeline Networks
- Need to Improved R&D in Wireless Sensor Networks in SCADA Systems
- The Emergence of Big Data Analytics
- The Growing Concern Related to High Investment
- Fluctuating Price of Oil and Gas
- Rising Concern about Cyber Attacks on SCADA
Key Target AudienceSCADA Oil & Gas Manufacturers and Suppliers, Government and Research Organizations, National and Local Government Organizations, Technology Providers, Institutional Investors, Associations, Government Regulatory Bodies, Private Research Organization and Others
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