SCADA oil & gas market is witnessing a surge in the recent year owing to the growing adoption of IoT in the oil and gas industry coupled with the soaring need to improve the production process in the industry. In oil and gas SCADA software provides operators with the ability to monitor pipelines and gas well production. If there are any issues, automatic notifications and alerts are sent. The improvement in performance enables the gas and oil industry to remain competitive by maximizing its resources and processes.

The SCADA Oil & Gas Market is expected to grow at a steady rate of 5% in the forecasted period. SCADA provides numerous benefits to companies in the gas and oil sector at every operational level. It reduces human errors and offers the precision necessary for improving efficiency and effectively decreasing expensive downtime risk. SCADA collects data in the oil and gas industry on a real-time basis that helps in executing the strategic responses instantly which in turn correctly anticipates the trends for effective decision-making.

According to UnivDatos research report “Global SCADA Oil & Gas Market”, the market is expected to witness robust growth during the forecast period (2022-2028).

Based on the Architecture System, the SCADA Oil & Gas market is segmented into hardware, software, and services. The hardware segment caters substantial share of the market. It is mainly due to the increasing investment in the oil and gas industry which in turn is escalating the adoption of sensors and equipment in the process that crucial for collecting data from SCADA. Whereas the software segment also acquired a significant share as software-based solution assists in monitoring and controlling the process.

Based on sector, the SCADA Oil & Gas market is bifurcated into upstream, midstream and downstream. The upstream segment caters considerable share of the market. SCADA monitors telecommunication networks and physical wellheads for upstream applications. In addition, upstream, the data transmission is crucial in which various parameters are observed such as pressure and condition of the wellbore and expected first oil production. Moreover, rising government investment in pipeline infrastructure from countries such as the U.S., Canada, Russia, China, and India is boosting the midstream segment share in the market.

North America witnessed extensive growth

For a better understanding of the market adoption of the SCADA Oil & Gas industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is anticipated to grow at a substantial CAGR during the forecast period. This is mainly attributed to the increasing investment in the pipeline infrastructure and the adoption of cloud services in the region is escalating the market size of SCADA oil & gas. In addition, declining and fluctuating oil and gas prices are expected to slow down the demand for the market in the years to come. However, the growth in R&D in the wireless sensor network and increased use of big data analytics offer lucrative opportunities for the market.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in ABB Ltd., General Electric Company, Honeywell International Inc., CygNet Software, Inc., Siemens AG, Schneider Electric SE, Rockwell Automation, Inc., PSI AG, Mitsubishi Electric Corporation, and Orbcomm Inc.

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“Global SCADA Oil & Gas Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing ensuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.      

Market Segmentation:

1.       By Architecture System (Hardware, Software, and Services)

2.       By Sector (Upstream, Midstream and Downstream)

3.       By Region (North America, Europe, Asia-Pacific, Rest of the World)

4.       By Company (ABB Ltd., General Electric Company, Honeywell International Inc., CygNet Software, Inc., Siemens AG, Schneider Electric SE, Rockwell Automation, Inc., PSI AG, Mitsubishi Electric Corporation, and Orbcomm Inc)

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