Press release
Global SCADA Oil & Gas Market is projected to reach USD 5.55 billion by 2025, growing at a CAGR of 5.81% from 2017 to 2025 :Top keyplayers are PSI AG ,Emerson Electric Co. ,Honeywell International Inc. ,Technipfmc, PLC ,ABB Ltd. ,Rockwell Automation, Inc.
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Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Rising adoption of big data analytics and cloud computing services
1.2 Increased R&D in the wireless sensor networks in SCADA systems
1.3 Rising demand for remote management of oil & gas pipelines
1.4 Growing pipeline networks
1.5 Optimum and effective exploration of ageing reservoirs
1.6 Growing focus on process optimization through automation and digitalization
2. Market Restraints
2.1 Increasing cyber security threats
2.2 Issues with the interoperability of multiple system components from different solutions providers
2.3 Changing oil & gas prices
2.4 High investment cost
Market Segmentation:
The Global SCADA Oil & Gas Market is segmented on the stream, component, and region.
1. Stream:
1.1 Upstream
1.2 Midstream
1.3 Downstream
2. By Component:
2.1 Software
2.2 Hardware
2.3 Services
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
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Competitive Landscape:
The major players in the market are as follows:
1. Schneider Electric Se
2. Mitsubishi Electric Corporation
3. General Electric Company
4. PSI AG
5. Emerson Electric Co.
6. Honeywell International Inc.
7. Technipfmc, PLC
8. ABB Ltd.
9. Rockwell Automation, Inc.
10. Siemens AG
11. Yokogawa Electric Corporation
12. Larsen & Toubro Limited
13. IBM Corporation
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global SCADA Oil & Gas Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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