Oil & Gas SCADA Market is projected to be worth USD 23.12 billion by 2032-ABB Ltd. (Switzerland), Schneider Electric SE (France), Rockwell Automation, Inc. (US), Yokogawa Electric Corporation (Japan), General Electric Company (US), Honeywell International

Oil & Gas SCADA Market is projected to be worth USD 23.12 billion by 2032, registering a CAGR of 5.95% during the forecast period (2021 - 2032), The market was valued at USD 3.67 billion in 2021.

SCADA (Supervisory control and data acquisition) is an essential set of industrial software applications which are used to manage all form of the process production. This SCADA is used in upstream, downstream, and midstream of oil and gas sectors for error reduction, automation, crucial decision making, long-distance supervision, and crisis response. It can control the high-level critical operations in the oil & gas industries, manufacturing, and transportation industries.

By rising the adoption of cloud-based services and robust investments in the pipeline infrastructure across North America increases the growth of the market during the forecast period. This oil & gas SCADA system includes various sub-segments and components like programmable logic controllers (PLCs), industrial PCs, servers, supervisory systems, telemeters, and RTUs.

The scope of this research report spans from the broad outlines of the Oil & Gas SCADA market to delicate structures, classifications, and applications. This research report also provides a clear picture of the global market by presenting data through effective information graphics. It also provides a detailed list of factors affecting the growth of the market.

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Key Players Mentioned in the Global Oil & Gas SCADA Market Research Report:

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), 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, Service.

Oil & Gas SCADA Market Applications:

Onshore Oil & Gas, Offshore Oil & Gas

Restraint:

Different solution providers provide the interoperability of multiple system components 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, concerns related to data security may also hamper the growth of the market trends. Oil & gas prices are fluctuating and declining which may slow down the market.

Opportunities:

Emerging big data analytics is one of the opportunities for the growth of the market. Growth in the R&D in the wireless sensor network may increase the demand for the market. Control valves are expected to grow the demand for the market. These are directed by PLC that manages the flow passage of fluids and also controls pressure, temperature, and liquid levels. Remote monitoring and regulating the flow of process are done by the control valves and hence increases the growth of the automation oil & gas market value.

Challenges:

In the oil & gas plant automation system, many hazardous switches, sensors, and other components are more and the data are collected through the components. If it is not structured properly, a huge data becomes confused. Highly advanced systems are necessary for data transferring and collaborating. It requires skilled operators and expensive systems. The connected components are harsh and may lead to breakage of components and if not tracked properly, it may collect wrong data.

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Regional Analysis -

The global Oil & Gas SCADA Market is segmented into four main regions like North and South America, South-East Asia, the Middle East & Africa. Out of these, North America holds the largest market share for its high investments in the pipeline infrastructure, increased adoption of cloud services. The US and Canada are expected to drive the demand for the oil & gas industry for their rising investments in refineries and exploration of new oil & gas fields.

Recent Developments

In March 2020, ABB launched the color-coded sensors which reduce the burden of understanding and choosing the optimal pH measurement solution. It analyses the pH level of water in a very effective manner.
Emerson launches advanced technologies two Rosemount 628 Universal Gas Sensors in July 2019 for measuring carbon monoxide and oxygen depletion along with the capability of monitor hydrogen sulfide. It may lead to a hazardous situation which is avoided by this Rosemount 928 Wireless Gas Monitor platform.
Rockwell Automation launches Avnet Data Security, a cybersecurity service provider in January 2020. It serves a large number of customers globally and accelerates the company's portfolio development in various developing markets.

The objective of the studies:

- 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.

-Provide information on factors affecting the growth of the market. To analyze the Oil & Gas SCADA Market based on various factors- price analysis, supply chain analysis, Gate Five force analysis, etc.

-Provide historical and forecast revenue of market segments and sub-segments for four major geographies and their countries - North America, Europe, Asia, Latin America and Rest of the World.

-Provide country level market analysis relative to current market size and future prospects.

- To provide country level market analysis for the segment by application, product type and sub-segments.

-Provide a strategic profile of the major market players, by deeply 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 Competitor Landscape by Company

5 Global Oil & Gas SCADA Market Size by Region

6 Segment in Region Level & Country Level

7 Company Profiles

8 Industry Chain and Sales Channels Analysis

9 Research Findings and Conclusion

Conclusion: At the end of Oil & Gas SCADA Market report, all the findings and estimation are given. It also includes major drivers, and opportunities along with regional analysis. Segment analysis is also providing in terms of type and application both.

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How geography and sales fit together

This study is helpful to all operators who want to identify the exact size of their target audience at a specific geographic location. Oil & Gas SCADA Market allows entrepreneurs to determine local markets for business expansion. This study answers the questions below:

Where do the requirements come from?
Where do non-potential customers reside?
What is the buying behavior of customers in a specific region?
What is the spending power of the customers in a particular region?

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