The SCADA oil & gas market was valued at USD 3.27 Billion in 2016 and is projected to be worth USD 4.52 Billion by 2022, at a CAGR of 5.77%. The SCADA oil & gas market is driven by factors, such as, increased demand for remote management of oil & gas pipelines, increased thrust on process optimization through automation and digitalization, increasing penetration of cloud computing services in the SCADA system, and increase in pipeline networks.
To enable an in-depth understanding of the competitive landscape, the report includes some of the top players in the SCADA oil & gas market. These players include ABB Ltd. (Switzerland), Schneider Electric SE (France), Rockwell Automation, Inc. (US), Yokogawa Electric Corporation (Japan), General Electric Company (US), Honeywell International Inc. (US), CygNet Software, Inc. (US), Siemens AG (Germany), Quorum Business Solutions, Inc. (US), Larsen & Toubro Limited (India), ZTE Corporation (China), PSI AG (Germany), Mitsubishi Electric Corporation (Japan), Orbcomm Inc. (US), Iconics, Inc. (US), Detechtion Technologies (US), eLynx Technologies, LLC (US), Globalogix, Inc. (US), TRC Advanced Technologies Inc. (US), Inductive Automation (US), International Business Machines Corporation (US), Ausenco Ltd. (Australia), Emerson Electric Co. (US), Bentek Systems (Canada), and PetroCloud, LLC (US).
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Based on stream, the midstream segment is estimated to grow at the fastest rate from 2017 to 2022. Countries, such as, Russia, the US, Canada, China, India, and Norway are foreseeing large amount of investments for expanding their existing pipeline networks and are expected to set up new projects in order to facilitate transportation of oil & gas with minimal losses and obstructions. These investments are likely to drive the oil & gas SCADA market during the forecast period.
Based on region, the oil & gas SCADA market in North America is projected to grow at the fastest rate from 2017 to 2022. The US and Canada have planned investments to build midstream infrastructure for shale resource. Apart from the midstream investment, the region is also shifting toward technological advancements, such as big data analytics and cloud-based solutions. All these factors are expected to drive the oil & gas SCADA market in the region during the forecast period.
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Scope of the Report:
·
By Architecture
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Hardware
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Software
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Service
·
By Stream
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Upstream
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Midstream
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Downstream
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By Region
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North America
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Europe
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Asia Pacific
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South-East Asia
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Middle East
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South America
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Africa
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