Outlook of the global SCADA market in the oil and gas industry
Technavio’s market research analyst predicts the global SCADA market in the oil and gas industry to grow at a CAGR of around 3% during the forecast period. Factors such as the exploration of new oil and gas fields and growing investments in refineries and pipelines in regions like the Americas, Africa, the Middle East, and APAC will fuel the prospects for market growth. Furthermore, with an increase in offshore and shale-related exploration activities, the demand for SCADA in the oil and gas industry will witness a stark increase until the end of 2020.
The rising demand for real-time information is the key driver for the growth of this market. Exploration and production are essential activities of the oil and gas industry that demand continuous maintenance to ensure the safety of employees, oil and gas equipment, and the natural environment. Since SCADA systems facilitate the real-time sharing of a well site’s condition, workers can monitor, visualize, and analyze oilfield operations from a remote location. The ability of SCADA to reduce operational costs and enhance the quality of drilling will result in its augmented adoption during the predicted period.
Segmentation by type and analysis of the SCADA market in the oil and gas industry
This segmentation analysis estimates the SCADA solutions segment to account for more than 57% of the total market share by 2020. SCADA solutions are primarily composed of RTUs, communications systems, controllers, and HMI systems. Factors such as the availability of high-speed communication ports and high-powered CPUs will foster the adoption of SCADA automation solutions by oil and gas companies during the forecast period.
Geographical segmentation of the SCADA market in the oil and gas industry
In terms of geography, the EMEA region dominates this market and is anticipated to grow at a CAGR of around 3% during the forecast period. Recently, it has been observed that the domestic oil consumption in the Middle Eastern countries has increased rapidly. To continue exporting oil and to fulfill their domestic demand, the Middle Eastern oil producers will have to increase their oil and gas exploration capacity. This increase in the oil and gas exploration capacity will enhance the utilization of SCADA solutions during the forecast period.
Competitive landscape and key vendors
The global SCADA market in the oil and gas industry is primarily dominated by five global players that have diverse product portfolios and presence in all key countries. The international players in this market are increasing their footprint by acquiring local and regional players. The market participants are increasingly collaborating with diverse business operations to develop their product and service portfolios and address the increasing demand from end users.
The leading vendors in the market are -
- ABB
- Emerson
- Schneider
- Honeywell
- Siemens
Other prominent vendors in the market include Enbase Solutions, General Electric, Mitsubishi Heavy Industries, Omron, Rockwell Automation, Toshiba International, Yokogawa Electric, eLynx Technologies, Mitsubishi, Indicative Automation, Iconics, Orbcomm, and Globlx.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global SCADA market in the oil and gas industry?
- What are the key market trends impacting the growth of the SCADA market in the oil and gas industry?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the SCADA market in the oil and gas industry?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the SCADA market in the oil and gas industry?
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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
PART 05: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by types
- Market overview
- Global SCADA solutions market in oil and gas industry
- Global SCADA services market in oil and gas industry
PART 07: Geographical segmentation
- Global SCADA market in oil and gas industry segmentation by geography
- SCADA market in oil and gas industry in EMEA
- SCADA market in the oil and gas industry in the Americas
- SCADA market in oil and gas industry in APAC
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
- Competition business overview
- Other prominent vendors
- Competition financials
- Recent developments
- Key takeaways
PART 14: Appendix
PART 15: Explore Technavio