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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.
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.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by types
PART 07: Geographical segmentation
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
PART 14: Appendix
PART 15: Explore Technavio
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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