Oil & Gas SCADA size Market Research Report Reveals Massive...

Oil & Gas SCADA size Market Research Report Reveals Massive Growth Opportunities In The Industry, 2030

Posted 2022-12-19 09:32:16

Oil & Gas Scada Market Overview

Oil & Gas SCADA Market is projected to be worth USD 6.42 billion by 2027, registering a CAGR of 5.95% during the forecast period (2021 - 2027), The market was valued at USD 3.67 billion in 2020.

Market Highlights

SCADA is a highly configured system that comprises both, hardware and software components. The SCADA system can be used to manage of all forms of processes within various industries including the oil & gas industry. This system is widely used in upstream, midstream, and downstream processes. In upstream process, SCADA is generally used for remote data transmission. However, the role of SCADA is changing due to the advancements in the oil & gas industry. Moreover, apart from data transmission, this system can be used not only to control and supervise many types of industrial processes but also to optimize the complex coordination of operations among multiple business partners.

On the basis of sector, the global oil & gas SCADA market is segmented as upstream, downstream, and midstream. The midstream segment is expected to dominate the market during the forecast period. In midstream segment, the demand for both data collection and interpretation is higher than ever. Hence, the use of metering systems and rotating equipment control, along with SCADA is an essential part of the midstream segment, within the oil & gas industry. On the basis of architecture, the global market is segmented as hardware, software, and services. The hardware subsegment holds the largest share in the oil & gas SCADA market as it is easy to install and can be installed with existing infrastructure.

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FACTORS STUDIED FOR MARKET FORECAST

Drivers:

Demand for remote management of oil & gas pipelines
Growing pipeline networks
Increased use of cloud computing services in SCADA.

Restraints:

Different solution providers provide the interoperability of multiple system components
SCADA system was very expensive
concerns related to data security

Scope of the Report

This report provides an in-depth analysis of the global oil & gas SCADA market, tracking four market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, the Middle East & Africa, South America. The report also provides a forecast, focusing on the market opportunities for the next five years, for each region. The scope of the study segments the global oil & gas SCADA market by its architecture, sector, and region.

MARKET SEGMENTATION

BY ARCHITECTURE

· Hardware

· Software

· Services

BY SECTOR

· Upstream

· Midstream

· Downstream

GLOBAL OIL & GAS SCADA MARKET SHARE, BY REGION, 2027

North America:
Europe:
Asia-Pacific:
Rest of the World (RoW):

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Market Research Analysis

North America held the largest share of the global oil & gas SCADA market: MRFR

Region-wise, in 2018, North America held the largest share of the global oil & gas SCADA market, mainly due to the rising investments in oil & gas processes and the high demand for IoT products including SCADA in oil & gas industry. The SCADA market in the oil & gas industry is expected to be driven by the increased use of cloud computing services in the US and Canada. The demand for SCADA from the onshore and offshore fields in the Gulf of Mexico is also expected to positively impact the oil & gas SCADA market during the forecast period.

KEY COMPANIES PROFILED