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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) - Industry Forecast till 2032

ID: MRFR/SEM/6453-HCR | 111 Pages | Author: Anshula Mandaokar| April 2024

Global Oil & Gas SCADA Market Overview:

Global Oil and Gas SCADA Market Size was valued at USD 3.79 Billion in 2023. The Oil and Gas SCADA market industry is projected to grow from USD 3.91 Billion in 2024 to USD 5.65 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.7% during the forecast period (2024 - 2032). The Oil and Gas SCADA market provides supervisory control and data acquisition solutions for monitoring and managing operations in the oil and gas industry. It encompasses software and hardware systems that enable real-time data acquisition, control, and analysis of various processes such as drilling, production, and distribution. 

The market is driven by the increasing demand for remote management of oil & gas pipelines, as well as the growing use of cloud computing services in SCADA systems. The SCADA (Supervisory Control and Data Acquisition) system has emerged as an indispensable technology in the Oil and Gas industry, providing real-time control and monitoring capabilities. Companies in this industry rely upon supervisory control and data acquisition (SCADA) systems to help communicate important information, monitor equipment, improve efficiencies, and avoid unplanned downtime. SCADA Oil and Gas Market continues to evolve, embracing innovations that enhance efficiency, safety, and operational excellence.

Oil & Gas SCADA Market

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

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.

Oil & Gas SCADA Market Dynamics:

  • Market 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 2022 to 2030. 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.

  • Market 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.

  • 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.

  • Market 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.

Oil & Gas SCADA Market Segment Overview:

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

Oil & Gas SCADA Architecture Insights:

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.

Oil & Gas SCADA Sector Insights:

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.

Oil & Gas SCADA Regional Insights:

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.

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.

Oil & Gas SCADA Market Key Player & 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.

Oil & Gas SCADA Industry Developments

  • April 2024: Delta has confirmed its involvement in the upcoming Advanced Factories 2024, featuring a display centered around the theme "Connecting Devices, Shaping Solutions." The showcase will spotlight the VTScada energy management solution and the IIoT Solution for Industry 4.0. Notably, VTScada, a state-of-the-art SCADA software, has been pivotal in supporting major mission-critical applications worldwide for over thirty years, including the operation of nearly 40% of offshore vessels in the Gulf of Mexico.

  • March 2024: The UK’s leading cybersecurity agency has published guidance to help organizations make better-informed decisions about whether to migrate their supervisory control and data acquisition (SCADA) systems to the cloud. SCADA is commonplace in cyber-physical systems and especially in critical infrastructure facilities, making it a popular target for attack. The new guidance from the National Cyber Security Centre (NCSC) aims to show organizations not only the opportunities but also the challenges of migrating such deployments to the cloud.

  • March 2023: ABB India, a unit of Swedish-Swiss engineering and technology major ABB Ltd, will secure the 130-kilometer Indo-Bangla Friendship Pipeline (IBFPL), through integrated automation and control solutions.

  • November 2023: Siemens HMI software clinched the top spot in a recent third-party evaluation of 14 SCADA/HMI software providers. Siemens is proud to be recognized as the #1 choice for innovation and implementation excellence.

  • March 2022: Electronics Corporation of India Limited (ECIL) Hyderabad, a Public Sector Unit under the Dept. of Atomic Energy, unveiled its cutting-edge indigenous Programmable Logic Controller (PLC) and Supervisory Control and Data Acquisition (SCADA) software for process automation systems at a function held in the Homi J Bhabha Auditorium, ECIL. The event also showcased ECIL's latest products. ECIL's PLC and SCADA systems have been effectively utilized at Nuclear Plants, ISRO centres, Steel and Power plants, and Oil and Gas industries for over four decades.

Oil & Gas SCADA Market 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.

Oil & Gas SCADA Market Segmentation Outlook

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

Oil & Gas SCADA Architecture Outlook:

  • Hardware

  • Software

  • Services

Oil & Gas SCADA Sector Outlook:

  • Upstream

  • Downstream

  • Midstream

Oil & Gas SCADA Region Outlook:

  • North America

  • Europe

  • Asia-Pacific

  • The rest of the world

Report Attribute/Metric Details
Market Size 2030 USD 6.42 billion
Compound Annual Growth Rate (CAGR) 5.95% (2024-2032)
Base Year 2023
Market Forecast Period 2024-2032
Historical Data 2020 & 2022
Market 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 4.7% 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.

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