Market Snapshot:
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.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | 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) |
CAGR | 4.3% |
Segment Analysis
AMA Research have 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 2022 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 2022. 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 Trend
Fueling Use of Cloud Computing and Rising Focus on Process Optimization through Digitization
Market Drivers
Growing Demand for Remote Management of Oil & Gas Pipelines and Increasing Pipeline Networks
Opportunities
Need to Improved R&D in Wireless Sensor Networks in SCADA Systems and The Emergence of Big Data Analytics
Restraints
- The Growing Concern Related to High Investment
- Fluctuating Price of Oil and Gas
In addition to the aforementioned factor, Growing Demand for Remote Management of Oil & Gas Pipelines
is expected to propel the growth of the market over the forecast period.
Competitive Landscape
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 sizes
The key Manufacturers profiled in the study are 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). A lot of United States players are profiled in the research study indicating a strong market dependence.