You Must Believe SCADA Oil & Gas Market Reach to $4.52 Billion Till 2022

The report “SCADA Oil & Gas Market by System Architecture (Hardware Components, Software Solutions (Cloud Based & Others), and Services), Value Stream (Upstream, Midstream, and Downstream), and by Region – Trends and Global Forecast to 2022″, The SCADA oil & gas market is expected to grow from an estimated USD 3.42 Billion in 2017 to USD 4.52 Billion by 2022, at a CAGR of 5.77%. The market is set to witness growth, due to increasing investments in pipeline networks, increasing penetration of cloud computing services in the SCADA system, and increased thrust on process optimization through automation and digitalization.

The report segments SCADA oil & gas market based on architecture into hardware, software, and services. The hardware segment dominated the SCADA oil & gas market, by architecture, in 2016 accounting for the largest share in the total project spending. Hardware segment is followed by the software and services segments in terms of market share. Rising investments focused on automated devices in the oil & gas infrastructure is expected to drive the hardware segment.

Leading players in the market include:

Yokogawa Electric Corporation (Japan)

General Electric Company (US)

Honeywell International Inc. (US)

CygNet Software, Inc. (US)

Siemens AG (Germany)

Schneider Electric SE (France)

Rockwell Automation, Inc. (US)

PSI AG (Germany)

Mitsubishi Electric Corporation (Japan)

Orbcomm Inc. (US)

Iconics, Inc. (US)

International Business Machines Corporation (US)

TechnipFMC plc (UK)

Emerson Electric Co. (US).

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Table of Contents

– Introduction

– Research Methodology

– Executive Summary

– Premium Insights

– Market Overview

– Market Segmentation

– Competitive Landscape

– Company Profiles

– Appendix

– List of Tables

– List of Figures

Objectives of the Study

  • To define, describe, and forecast the SCADA oil & gas market by architecture, stream, and region
  • To provide detailed information regarding major factors influencing the growth of the SCADA oil & gas market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the market for SCADA oil & gas with respect to individual growth trends, future prospects, and the contribution of each segment to the market
  • To track and analyze competitive developments, such as contracts & agreements and partnerships and collaborations in the SCADA oil & gas market
  • To strategically profile key players and comprehensively analyze their market shares and core competencies

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The report segments SCADA oil & gas market based on architecture into hardware, software, and services. The hardware segment dominated the SCADA oil & gas market, by architecture, in 2016 accounting for the largest share in the total project spending. Hardware segment is followed by the software and services segments in terms of market share. Rising investments focused on automated devices in the oil & gas infrastructure is expected to drive the hardware segment.

Based on stream, the SCADA oil & gas market is segmented into upstream, midstream, and downstream. Midstream is the largest segment for the market of SCADA oil & gas , by value stream.  Rising investments in pipeline infrastructure from countries, such as, the US, Canada, Russia, China, and India, is expected to drive the market during the forecast period.

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The midstream segment is expected to hold the largest share of the SCADA oil & gas market, by stream, during the forecast period

With regard to the value stream, the midstream segment in the SCADA oil & gas market is expected to be the largest market in 2017. The growth in shale oil and gas production in the US is creating need for an expanded network of pipelines, rails, tankers, and terminals. The countries such as China, India, and Saudi Arabia are also expected invest in the oil & gas infrastructure in the next 5 years. These investments are likely to drive the SCADA oil & gas market during the forecast period.

Hardware is expected to be the largest segment in the SCADA oil & gas market in 2017

The hardware segment dominated the SCADA oil & gas market during the forecast period. The segment mainly involves Remote Terminal Equipment (RTU) or Programmable Logic Controller (PLC), communication equipment, field instrument, and control devices. Rising investments focused on automated devices in the oil & gas infrastructure is expected to drive the hardware segment.

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