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The Oil & Gas SCADA Market is forecast to be worth US$23.12 Billion by 2032, registering a CAGR of 5.95% during the forecast period (2021-2032). The market was valued at $3.67 billion in 2021.
SCADA (Supervisory Control and Data Acquisition) is an essential set of industrial software applications used to manage all forms of process production. This SCADA is used in the upstream, downstream and midstream of the oil and gas sector for fault reduction, automation, critical decision making, remote monitoring and crisis response. It can control the high-level critical operations in the oil and gas, manufacturing and transportation industries.
Rising adoption of cloud-based services and solid investments in pipeline infrastructure across North America will drive the growth of the market over the forecast period. This oil and gas SCADA system includes various sub-segments and components such as programmable logic controllers (PLCs), industrial PCs, servers, monitoring systems, telemeters and RTUs.
The scope of this research report extends from the rough outlines of the Oil & Gas SCADA market to the delicate structures, classifications and applications. This research report also offers a clear picture of the global market by presenting data through effective info graphics. It also includes a detailed list of factors influencing the growth of the market.
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Major Players Mentioned In The Global Oil & Gas SCADA Market Research Report:
ABB Ltd. (Switzerland), Schneider Electric SE (France), Rockwell Automation, Inc. (USA), Yokogawa Electric Corporation (Japan), General Electric Company (USA), Honeywell International Inc. (USA), CygNet Software, Inc. (USA) , Siemens AG (Germany), Quorum Business Solutions, Inc. (USA), Larsen & Toubro Limited (India), ZTE Corporation (China), PSI AG (Germany), Mitsubishi Electric Corporation (Japan), Orbcomm Inc. (USA) , Iconics, Inc. (USA), Detechtion Technologies (USA), eLynx Technologies, LLC (USA), Globalogix, Inc. (USA), TRC Advanced Technologies Inc. (USA), Inductive Automation (USA), International Business Machines Corporation (US), TechnipFMC plc (UK), Emerson Electric Co. (US), Bentek Systems (Canada), PetroCloud, LLC (US)
Global Oil & Gas SCADA Market Segmentation:
Oil & Gas SCADA Market Types:
Hardware, software, services.
Oil and Gas SCADA Market Applications:
Onshore Oil & Gas, Offshore Oil & Gas
restraint:
Different solution providers provide interoperability of multiple system components and may hamper the growth of the Oil & Gas SCADA market. And the SCADA system was very expensive, which reduces the growth of the market. Apart from this, concerns related to data security can also hamper the growth of the market trends. Oil and gas prices fluctuate and fall, which can slow down the market.
occasions:
The emerging big data analysis is one of the opportunities for the growth of the market. The growth of research and development in wireless sensor network can increase the market demand. Control valves are expected to increase demand in the market. These are controlled by a PLC that manages the flow of liquids and also controls pressure, temperature and liquid levels. The remote monitoring and regulation of the process flow is accomplished through the control valves thus increasing the growth of the Automation Oil and Gas market value.
Challenges:
There are many dangerous switches, sensors and other components in the automation system of oil and gas plants, and the data is collected about the components. If not structured properly, huge amounts of data will be jumbled. Sophisticated systems are required for data transfer and collaboration. It requires experienced operators and expensive systems. The connected components are rough and can lead to breakage of components, and if not properly tracked, incorrect data can be collected.
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Regional Analysis –
The global oil and gas SCADA market is segmented into four major regions such as Americas, Southeast Asia, Middle East and Africa. Of these, North America holds the largest market share due to its high investment in pipeline infrastructure and increasing adoption of cloud services. The US and Canada are expected to boost demand from the oil and gas industry due to their increasing investment in refineries and exploration of new oil and gas fields.
Recent Developments
In March 2020, ABB launched the colour-coded sensors that reduce the effort to understand and select the optimal pH measurement solution. It analyzes the pH of the water in a very effective way.
Emerson is launching two Rosemount 628 General Purpose Gas Sensors in July 2019 with advanced technologies for measuring carbon monoxide and oxygen deficiency and monitoring hydrogen sulfide. This can lead to a dangerous situation which is avoided by this Rosemount 928 Wireless Gas Monitor Platform.
Rockwell Automation launches Avnet Data Security, a provider of cybersecurity services, in January 2020. He serves a large number of clients worldwide and accelerates the company’s portfolio development in various developing markets.
The aim of the study:
– To provide a detailed analysis of the market structure along with a forecast of the various segments and sub-segments of the global Oil & Gas SCADA Market.
– Providing information about factors influencing the growth of the market. To analyze the Oil & Gas SCADA market based on various factors- price analysis, supply chain analysis, gate five force analyses, etc.
– Providing historical and forecast revenue of market segments and sub-segments for four main regions and their countries – North America, Europe, Asia, Latin America and the rest of the world.
– Provide a country level market analysis in terms of current market size and future prospects.
– Provide country level market analysis for segment by application, product type and sub-segments.
– Build a strategic profile of key market players by thoroughly analyzing their core competencies and drawing a competitive landscape for the market.
– Track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Oil & Gas SCADA market.
Table of Contents:
1 Study Coverage
2 Market by Type
3 Market by Application
4 Global Oil & Gas SCADA Competitive Landscape by Company
5 Global Oil & Gas SCADA Market Size by Regions
6 segment at regional and country level
7 company profiles
8 Industry Chain and Distribution Channel Analysis
9 Research Findings and Conclusion
Conclusion : At the end of the Oil and Gas SCADA market report, all the findings and estimates are given. It also includes key drivers and opportunities, as well as regional analysis. The segment analysis also offers both in terms of type and application.
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How geography and sales fit together
This study is helpful for any operator who wants to know the exact size of their audience in a specific geographic location. Oil & Gas SCADA Market enables entrepreneurs to determine local markets for business expansion. This study answers the following questions:
Where are the requirements coming from?
Where do non-potential customers live?
What is the buying behavior of customers in a certain region?
What is the purchasing power of customers in a specific region?
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