Oil & Gas SCADA Market Research Report - Global Forecast till 2027

Oil & Gas SCADA Market Research Report by Architecture (Hardware, Software and Services), by Sector (Upstream, Midstream and Downstream) and by Region (Asia-Pacific, North America, Europe and the Middle East & Africa) - Forecast till 2027

ID: MRFR/E&P/6453-HCR | February 2021 | Region: Global | 111 pages

Oil & Gas SCADA Market


Oil & Gas SCADA Market is projected to be worth USD 6.42 billion by 2027, registering a CAGR of 5.95% during the forecast period (2021 - 2027), The market was valued at USD 3.67 billion in 2020.


SCADA (Supervisory control and data acquisition) is an essential set of industrial software applications which are used to manage all form of the process production. This SCADA is used in upstream, downstream, and midstream of oil and gas sectors for error reduction, automation, crucial decision making, long-distance supervision, and crisis response. It can control the high-level critical operations in the oil & gas industries, manufacturing, and transportation industries.


By rising the adoption of cloud-based services and robust investments in the pipeline infrastructure across North America increases the growth of the market during the forecast period. This oil & gas SCADA system includes various sub-segments and components like programmable logic controllers (PLCs), industrial PCs, servers, supervisory systems, telemeters, and RTUs. 


COVID-19 Analysis:


The COVID-19 pandemic shows its negative impact across various countries nearly 200 and above and changes everything globally, mainly in business sectors like automobiles, food & beverages, electronic industries, chemical industries, and so on. In the same way, the market growth also falls for some days and due to the lockdowns across different countries, various companies face severe issues like slow down or halt of manufacturing of industrial automation oil & gas and disruptions in the supply chain.


 The outbreak reduces the demand for the Oil & Gas SCADA Market. Remote management, cloud computing services, and growing pipeline networks may increase the demand for market value.


Competitive Landscape


The prominent key players in the Oil & Gas SCADA Market includes:



  • General Electric (US)

  • ABB (Switzerland)

  • Schneider Electric SE (France)

  • Rockwell Automation, Inc. (US)

  • Siemens (Germany)

  • Mitsubishi Electric Corporation (Japan)

  • Larsen & Toubro Limited (India)

  • Yokogawa Electric Corporation (Japan)

  • Emerson Electric Co. (US)

  • Honeywell International Inc. (US)

  • PSI AG (Germany)

  • Technipfmc

  • Plc (UK) and

  • International Business Machines Corporation (IBM) (US)


Honeywell International Inc. and Emerson Electric Co. (US) are the top companies among others for the industrial automation oil & gas. They implement various types of organic growth strategies, product developments, new product launches to strengthen the product demand in the market.


Market Dynamics:


Drivers:


The increasing expenditure on pipeline networks and aging reservoirs may be expected to drive the growth of the market. Demand for remote management of oil & gas pipelines, growing pipeline networks, and rising usage of cloud computing services in SCADA are the factors that drive the market growth. By the adoption of IoT technology in the SCADA, increases the global GDP to USD 816 Billion approximately and hence increases the SCADA application in the oil & gas industry.


Some of the other factors that drive the Oil & Gas SCADA Market growth are the cost of integration, processing of real-time data, reliability of the system, and asset optimization. Apart, through automation and digitalization, a rising inclination towards process optimization is expected to the fuel growth of the market outlook.


Plant asset management is expected to grow in the forecast period 2020 to 2027. This growth is possible by the increase in the deployment of PAM solutions to record complete data regarding the different types of equipment installed in the plants like its uptime performance to their life cycle cost assessment.


Restraint:


Different solution providers provide the interoperability of multiple system components may hamper the growth of the Oil & Gas SCADA Market. And the SCADA system was very expensive which reduces the growth of the market. Apart, concerns related to data security may also hamper the growth of the market trends. Oil & gas prices are fluctuating and declining which may slow down the market.


Opportunities:


Emerging big data analytics is one of the opportunities for the growth of the market. Growth in the R&D in the wireless sensor network may increase the demand for the market. Control valves are expected to grow the demand for the market. These are directed by PLC that manages the flow passage of fluids and also controls pressure, temperature, and liquid levels. Remote monitoring and regulating the flow of process are done by the control valves and hence increases the growth of the automation oil & gas market value.


Challenges:


In the oil & gas plant automation system, many hazardous switches, sensors, and other components are more and the data are collected through the components. If it is not structured properly, a huge data becomes confused. Highly advanced systems are necessary for data transferring and collaborating. It requires skilled operators and expensive systems. The connected components are harsh and may lead to breakage of components and if not tracked properly, it may collect wrong data.


Study Objectives -



  • To provide detailed information about the market structure along with various forecast segments and sub-segments for the next 10 years.

  • To provide the factors that are affecting the growth of market analysis.

  • To analyze the market-based porter’s five force analysis, factors-price analysis, supply chain analysis, etc.

  • To provide history and forecast revenue segments and sub-segments of the market share for the five main geographies and their countries.

  • To provide the country-level analysis of the current market size and future prospective.

  • To provide country-level analysis of the market growth by region, form, and application.

  • To provide a strategic profile of the key players in the market, analyze their core competencies, and draw a landscape of the global oil & gas SCADA industry market growth.

  • To track and analyze new product developments, strategic alliances, and global market research.


Segment Overview:


The global Oil & Gas SCADA Market research has been segmented based on the architecture, sector, and region.


Based on Architecture


The market is segmented based on architecture as hardware, software, and services. The hardware segment is expected to dominate the market in the forecast period for its rising investments for incorporating automated devices and its easy installation within the existing infrastructure.


Based on Region


The market is classified into Asia-Pacific, North and South America, Europe, and the Middle East & Africa. During the forecast period, North America is expected to hold the largest market share for its rising investments in pipeline infrastructure and adoption of cloud services.


Based on Sector


Based on the sector, the market is segmented into upstream, downstream, and midstream. Among them, midstream holds the largest market share. During the forecast period, various countries like the US, Canada, Russia, India, and China are expected to drive the market trends for their rising investments in pipeline infrastructure.


Regional Analysis -


The global Oil & Gas SCADA Market is segmented into four main regions like North and South America, South-East Asia, the Middle East & Africa. Out of these, North America holds the largest market share for its high investments in the pipeline infrastructure, increased adoption of cloud services. The US and Canada are expected to drive the demand for the oil & gas industry for their rising investments in refineries and exploration of new oil & gas fields.


Recent Developments



  • In March 2020, ABB launched the color-coded sensors which reduce the burden of understanding and choosing the optimal pH measurement solution. It analyses the pH level of water in a very effective manner.

  • Emerson launches advanced technologies two Rosemount 628 Universal Gas Sensors in July 2019 for measuring carbon monoxide and oxygen depletion along with the capability of monitor hydrogen sulfide. It may lead to a hazardous situation which is avoided by this Rosemount 928 Wireless Gas Monitor platform.

  • Rockwell Automation launches Avnet Data Security, a cybersecurity service provider in January 2020. It serves a large number of customers globally and accelerates the company’s portfolio development in various developing markets.


Report Overview:



  • This global Oil & Gas SCADA Market research includes the Market Overview, COVID-19 analysis, Market Dynamics, Study Objectives, Segment Overview, Regional Analysis, Competitive Landscape, Recent Developments, Segmentation Table and FAQs. The market dynamics include the market drivers, restraints, challenges, and opportunities. The market is segmented into three sub-segments as architecture, sector, and region.


Segmentation Table



  • The market research outlook is segmented into architecture, sector, and region.

  • By Architecture

  • Hardware, software, and services

  • By Region

  • Asia-Pacific, North America, Europe, and the rest of the world are the main geographies included in the market.

  • By Sector

  • Upstream, downstream, and midstream



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: USD 6.42 billion
  CAGR   5.95% CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Architecture and Sector
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   ABB (Switzerland), General Electric (US), Schneider Electric SE (France), Siemens (Germany), Rockwell Automation, Inc. (US), Larsen & Toubro Limited (India), Mitsubishi Electric Corporation (Japan), Yokogawa Electric Corporation (Japan), Emerson Electric Co. (US), Honeywell International Inc. (US), PSI AG (Germany), Technipfmc, Plc (UK), and International Business Machines Corporation (IBM) (US)
  Key Market Opportunities   New product launches and R&D Amongst major key Players
  Key Market Drivers

  • Demand for remote management of oil & gas pipelines
  • Growing pipeline networks
  • Increased use of cloud computing services in SCADA.


  • Frequently Asked Questions (FAQ) :


    Larsen & Toubro Limited (India), Yokogawa Electric Corporation (Japan), Mitsubishi Electric Corporation (Japan), and Rockwell Automation, Inc. (US) are the contenders in the market.

    The principal regional market in the APAC is estimated to power the growth of the market.

    A 5.95% CAGR is predicted to unlock favorable opportunities in the market.

    The demand for error reduction and automation are estimated to release the development of the market.

    The instability in the global market is estimated to boost the market progress in the upcoming period.