Press release
SCADA in Oil & Gas Market is Expected to Drive the Tremendous Growth by 2032 | ABB, General Electric, Schneider Electric
SCADA in Oil & Gas
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SCADA (Supervisory Control and Data Acquisition) is a system used to monitor and control industrial processes and infrastructure, such as oil and gas production facilities. The Oil and Gas SCADA (Supervisory Control and Data Acquisition) market refers to the market for SCADA systems specifically designed for use in the oil and gas industry. These systems typically include hardware and software components that allow operators to remotely monitor and control critical processes in real-time, including drilling, production, and transportation of oil and gas. The Oil and Gas SCADA market includes products and services related to the design, implementation, maintenance, and support of these systems, and is driven by the need for improved efficiency, safety, and regulatory compliance in the oil and gas industry.
SCADA in Oil & Gas market - Key Segment Analysis
The market share growth by the Software segment will be significant during the forecast period. The segment is driven by the Increasing security demand and critical infrastructure protection from different industry verticals and rapid industrial and infrastructure development across the globe, have bolstered the demand of the market..
SCADA in Oil & Gas market - Competition Analysis
The global SCADA in Oil & Gas market is seeing several joint ventures to intensify the capability of manufacturers and/or companies to establish geographic footprints to new territory. The vendors are accelerating M&A strategies to expand their geographical reach, which is shaping the market toward new growth cycle. The list of players that are profiled in the study are ABB (Switzerland), General Electric (United States), Schneider Electric SE (France), Siemens (Germany), Rockwell Automation Inc. (United States), Larsen & Toubro Limited (India), Mitsubishi Electric Corporation (Japan), Yokogawa Electric Corporation (Japan), Emerson Electric Co. (United States), Honeywell International Inc. (United States), PSI AG (Germany), Technipfmc Plc (UK), International Business Machines (United States).
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SCADA in Oil & Gas
Market Drivers
• Increasing security demand and critical infrastructure protection from different industry verticals and rapid industrial and infrastructure development across the globe, have bolstered the demand of the market.
Market Trend
• SCADA Data on Ethernet and IP owing to Reduced Capital Costs and Standardization
Market Opportunities
• Technological Advancements such as Ethernet Switching for Handling SCADA/DCS Packets
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What key data is demonstrated in this SCADA in Oil & Gas market report?
• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the SCADA in Oil & Gas market between 2023 and 2028
• Precise estimation of the size of the SCADA in Oil & Gas market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behaviour
• Value in dollar term and growth of the market industry across APAC, Europe, North America, South America, and Middle East and Africa; further broken down by major country within region.
• Thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of SCADA in Oil & Gas market players
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•
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
Nidhi Bhawsar (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
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About Author:
HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events, and experience that assist in decision-making.
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Market Synopsis:
SCADA is an automation tool which collects and supervises data. Global SCADA market is expected to show significant growth through the forecast period. Increase in demand for automation among various industry verticals, rise in the Internet of things, demand for remote control of operations are the factors that are driving the global SCADA market. Furthermore, increasing investments in research and development, entry of new market players to provide innovative…
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Table of Contents
1 SCADA Market Overview
1.1 Product Overview and Scope of SCADA
1.2 SCADA Segment by Type (Product Category)…
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