SCADA Oil & Gas Market: Current Analysis and Forecast (2022-2028)
$3999 – $6999
Emphasis on Architecture System (Hardware, Software, Services); Sector (Upstream, Midstream, Downstream); Region/Country
The global SCADA Oil & Gas Market is expected to grow at a significant rate of 5% during the forecast period. SCADA oil & gas market is witnessing a surge in the recent year owing to the growing adoption of IoT in the oil and gas industry coupled with the soaring need to improve the production process in the industry. In oil and gas SCADA software provides operators with the ability to monitor pipelines and gas well production. If there are any issues, automatic notifications and alerts are sent. The improvement in performance enables the gas and oil industry to remain competitive by maximizing its resources and processes.
Moreover, SCADA provides numerous benefits to companies in the gas and oil sector at every operational level. It reduces human errors and offers the precision necessary for improving efficiency and effectively decreasing expensive downtime risk. SCADA collects data in the oil and gas industry on a real-time basis that helps in executing the strategic responses instantly which in turn correctly anticipates the trends for effective decision-making.
ABB Ltd., General Electric Company, Honeywell International Inc., CygNet Software, Inc., Siemens AG, Schneider Electric SE, Rockwell Automation, Inc., PSI AG, Mitsubishi Electric Corporation, and Orbcomm Inc.
Insights Presented in the Report
“Amongst architecture system, hardware category to hold substantial share during the forecast period”
Based on the architecture system, the SCADA Oil & Gas market is segmented into hardware, software, and services. The hardware segment caters substantial share of the market. It is mainly due to the increasing investment in the oil and gas industry which in turn is escalating the adoption of sensors and equipment in the process that crucial for collecting data from SCADA. Whereas the software segment also acquired a significant share as software-based solution assists in monitoring and controlling the process.
“Amongst sector, upstream segment to hold a significant share in the market in 2020”
Based on sector, the SCADA Oil & Gas market is bifurcated into upstream, midstream, and downstream. The upstream segment caters considerable share of the market. SCADA monitors telecommunication networks and physical wellheads for upstream applications. In addition, upstream, the data transmission is crucial in which various parameters are observed such as pressure and condition of the wellbore and expected first oil production. Moreover, rising government investment in pipeline infrastructure from countries such as the U.S., Canada, Russia, China, and India is boosting the midstream segment share in the market.
“North America to hold a significant share in the market”
North America is anticipated to grow at a substantial CAGR during the forecast period. This is mainly attributed to the increasing investment in the pipeline infrastructure and the adoption of cloud services in the region is escalating the market size of SCADA oil & gas. In addition, declining and fluctuating oil and gas prices are expected to slow down the demand for the market in the years to come. However, the growth in R&D in the wireless sensor network and increased use of big data analytics offer lucrative opportunities for the market.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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|2.1.||Research Process of the SCADA Oil & Gas Market|
|2.2.||Research Methodology of the SCADA Oil & Gas Market|
|5||IMPACT OF COVID-19 ON THE SCADA OIL & GAS MARKET|
|6||SCADA OIL & GAS MARKET REVENUE (USD BN), 2020-2028F|
|9.1.3.||Rest of North America|
|9.2.6.||Rest of Europe|
|9.3.4.||Rest of Asia-Pacific|
|9.4.||Rest of the World|
|11||SCADA OIL & GAS MARKET OPPORTUNITIES|
|12||SCADA OIL & GAS MARKET TRENDS|
|13.1.||Demand Side Analysis|
|13.2.||Supply Side Analysis|
|14||VALUE CHAIN ANALYSIS|
|15.1.1.||Porters Fiver Forces Analysis|
|16.2.||General Electric Company|
|16.3.||Honeywell International Inc.|
|16.4.||CygNet Software, Inc.|
|16.6.||Schneider Electric SE|
|16.7.||Rockwell Automation, Inc.|
|16.9.||Mitsubishi Electric Corporation|
Research Methodology for the SCADA Oil & Gas Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global SCADA Oil & Gas market were the three major steps undertaken to create and analyze the adoption of SCADA Oil & Gas in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global SCADA Oil & Gas market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the SCADA Oil & Gas market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the SCADA Oil & Gas market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as architecture systems, and sector. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the SCADA Oil & Gas market. Further, we conducted factor analysis using dependent and independent variables such as various architecture system, and sector. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the SCADA Oil & Gas market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global SCADA Oil & Gas market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the SCADA Oil & Gas market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global SCADA Oil & Gas market in terms of the product offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global SCADA Oil & Gas market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of architecture system, and sector in the global SCADA Oil & Gas market.
The main objective of the Global SCADA Oil & Gas Market Study
The current & future market trends of the global SCADA Oil & Gas market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the SCADA Oil & Gas market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of type of architecture system, and sector.
- Define and analysis of the regulatory framework for the SCADA Oil & Gas
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the SCADA Oil & Gas market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the SCADA Oil & Gas market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry