Global SCADA Market in the Oil and Gas Industry 2016-2020

  • Published: Jun 2016
  • Pages: 58
  • SKU: IRTNTR8543
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This market research report includes a detailed segmentation of the global SCADA market in the oil and gas industry by type (solutions and services). It also outlines the market shares for key regions like the Americas, APAC, and EMEA. The top vendors analyzed in this report are ABB, Emerson Electric, Schneider Electric, Honeywell, and Siemens.

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  

  • Solutions
  • Services

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

  • Americas
  • APAC
  • EMEA

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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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.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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