Press release
Future of the Global SCADA Oil And Gas Market: Trends, Innovations, and Key Forecasts Through 2034
SCADA Oil And Gas
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SCADA Oil And Gas Market Size Growth Forecast: What to Expect by 2025?_x000D_
Recent years have seen significant growth in the size of the scada oil and gas market. It's projected to expand from $4.42 billion in 2024 to $4.68 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 5.8%. The growth seen in the historic period is due to the increasing complexity of oil and gas operations, the need for pipeline monitoring, asset management necessities, safety and compliance measures, and enhancements in efficiency and productivity._x000D_
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How Will the SCADA Oil And Gas Market Size Evolve and Grow by 2029?_x000D_
The market size for SCADA in the oil and gas industry is anticipated to experience a robust expansion in the coming years, foreseeably reaching a value of $6.29 billion by 2029, with a compound annual growth rate (CAGR) of 7.7%. The predicted augmentation in the forecast period can be primarily attributed to several factors including digital transition initiatives, incorporation of renewable energy, the usage of predictive analytics, emphasis on ecological sustainability, and the increasing need for remote operations. Key trends expected to prevail in the forecast duration comprise of amalgamation with Industrial IoT (IIOT), advancements in cybersecurity, utilization of cloud-based SCADA solutions, enhanced remote monitoring and control, sophisticated data analytics and artificial intelligence, in addition to edge computing for instantaneous processing._x000D_
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What Drivers Are Propelling the Growth of SCADA Oil And Gas Market Forward?_x000D_
The SCADA oil and gas market is projected to expand, spurred by the growing need for oil and gas. Oil and Gas, as the key sectors in the energy market that contribute to the leading sources of primary fuel worldwide, have a significant impact. Supervisory control and data acquisition (SCADA) is a robust control system that oversees real-time processes appropriate for oil and gas collection, transmission, and distribution. For example, as per the U.S. Energy Information Administration (EIA), a US government entity, in 2023 there was a notable growth in natural gas consumption within the U.S. electric power sector. This sector observed a 7% augmentation (2.2 Bcf/d), growing from 33.2 Bcf/d in 2022 to an unprecedented 35.4 Bcf/d in April 2024. Thus, the swelling demand for the oil and gas market propels the growth of the SCADA oil and gas market._x000D_
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Which Emerging Trends Are Transforming the SCADA Oil And Gas Market in 2025?_x000D_
The increasing popularity of product innovation is a significant trend in the SCADA oil and gas market. Major organizations operative in this market are moving towards the creation of innovative products to bolster their market standing. For example, GE Digital, a software company from the US, rolled out an updated CIMPLICITY 2022 HMI/SCADA software in February 2022. This secure-by-design automation platform provides genuine client/server visualization and control, starting from individual machines to global plant locations. This aids industrial firms in operations management, enabling the connected worker, and attaining quick value through minimal or no code innovation. This latest version also provides installation options, be it on-site, cloud-based or via a hybrid architecture, thus allowing for savings on infrastructure and upkeep costs. The innovative operator interfaces and reliable, real-time monitoring offered by CIMPLICITY aids power utility operators engaged with GE Gas Power's gas turbine fleet._x000D_
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What Are the Key Segments in the SCADA Oil And Gas Market?_x000D_
The scada oil and gasmarket covered in this report is segmented - _x000D_
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1) By Type: Supervisory Control System, Data Acquisition System_x000D_
2) By System: Hardware, Software, Services_x000D_
3) By Industry: Upstream, Midstream, Downstream_x000D_
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Subsegments:_x000D_
1) By Supervisory Control System: Centralized Supervisory Control Systems, Decentralized Supervisory Control Systems _x000D_
2) By Data Acquisition System: Remote Terminal Units (RTUs), Programmable Logic Controllers (PLCs), Data Communication Systems _x000D_
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Who Are the Key Players Shaping the SCADA Oil And Gas Market's Competitive Landscape?_x000D_
Major companies operating in the SCADA oil and gas market include ABB Ltd., General Electric Company, Schneider Electric SE, Rockwell Automation Inc., Siemens AG, Emerson Electric Co., ICONICS Inc., Mitsubishi Electric Corporation, Yokogawa Electric Corporation, Honeywell International Inc., PSI Software AG, Orbcomm Inc., Bentek Systems, Larsen & Toubro Technology Services Limited, Omron Corporation, Inductive Automation, Weatherford International plc, Technical Toolboxes Inc., Avanceon Limited, TRC Advanced Technologies Inc., International Business Machines Corporation, Honeywell Process Solutions, Parametric Technology Corporation, AVEVA Group plc, CGG SA, Aucotec AG, eLynx Technologies LLC, Petrolink Services Inc., Apergy Corporation, Petrotechnics Ltd, Kepware Technologies, EnergySys Limited, Genscape Inc., P2 Energy Solutions LLC, Quorum Business Solutions Inc., Zedi Inc., WellAware Holdings Inc. _x000D_
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What Geographic Markets Are Powering Growth in the SCADA Oil And Gas Market?_x000D_
North America was the largest region in the SCADA oil and gas market in 2024. The regions covered in the SCADA oil and gas market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa_x000D_
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