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SCADA Oil & Gas Market Size, Share and Global Trend By System (Hardware, Software, Services), By Industry Segment (Upstream, Midstream, Downstream) and Geography Forecast till 2021-2028

Region : Global | Report ID: FBI101331 | Status : Ongoing

 

KEY MARKET INSIGHTS

The leading oil & gas companies are adapting superior technology for enhanced production by omitting bottlenecks in the processing line. Supervisory Control & Data Acquisition (SCADA) is one of the most powerful tools for monitoring and controlling real-time data. It is vital in acquiring real-time operational data from the field to calibrate equipment, schedule maintenance activities, and coordinate with third party vendors to keep the flow of product moving.

The primary role of the SCADA system in the upstream sector is remote data transmission in which it collects the crucial real-time data from oil wells and sends them to the head office where an organization can analyze it. The system is essential in acquiring the condition of products and equipment during operations that will help to prevent blowouts and verifies the safety of pumping.

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Accurate and real-time data is most important to monitor and control the processing line to avoid downtime. Many companies turn to SCADA to oversee the operation, improve efficiency, and minimize downtime that will assist management in calculating production values, generate trends for decision making, and project company profits.


SCADA oil and gas market segmentation is based on system and industry segment. The system segment is further divided into hardware, software, and services. SCADA system is composed of several subsystems in which remote terminal units (RTU) and programmable logic controllers (PLC’s) are most important.

The hardware segment is expected to dominate the system architecture, as many sensors and equipment are deployed in the process line to acquire real-time data. While the software-based solution assists in monitoring and controlling the processing line by observing real-time data, cloud-based services are also used to transmit and access the data. The software-based solution helps to avoid the frequent visit of personnel to plant as real-time data can be observed in the control room.

Industry segment includes upstream, midstream, and downstream. In 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. While in midstream, the companies are investing in transporting oil and gas from well sites to downstream plant.

Oil pipeline spans thousands of miles, traversing harsh terrain and underwater condition. The growth in shale gas and demand for hydrocarbon increased in the recent period that created the need to expand the networks of pipelines and terminals.


SCADA system offers highly reliable and real-time data that helps to monitor and control the processing line to increase the overall efficiency of the plant. At the same time, the increasing demand for oil and gas has raised the E&P activities that drive the SCADA oil and gas market. The large scale adoption of technology to optimize the processing cost, digitalization, and increasing penetration of cloud services are expected to fuel the demand for SCADA oil and gas market.


The deployment cost of the SCADA system is quite high, and it requires highly qualified personnel for its operation that restraining the growth of the SCADA oil and gas market. Also, the data security concern is likely to hamper the SCADA oil and gas market.


Key Players Covered


The key players in the SCADA oil and gas market are ABB, Baker Hughes, a GE Company, Schneider Electric, Rockwell Automation, Siemens, Inductive Automation, Bentek Systems, Iconics, Mitsubishi Electric Automation, Inc., Petro Cloud, Omron Automation-Americas, Yokogawa, Weatherford, Technical Toolboxes, and Avanceon.


SEGMENTATION






















SEGMENTATION



 DETAILS



By System



· Hardware


· Software


· Services



By Industry Segment



· Upstream


· Midstream


· Downstream



By Geography



· North America (USA and Canada)


· Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)


· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)


· Latin America (Brazil, Mexico and Rest of Latin America)


· Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)



 


Regional Analysis


The global SCADA oil and gas market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is expected to see a surge in demand for SCADA system due to the adoption of software and hardware-based solution for gathering real-time data, better control, and increased production. The shale gas production is growing in the last couple of years, and investment in exploration of oil and gas is anticipating the growth of the SCADA oil & gas market. In the Asia Pacific, China and India are majorly investing in refining projects, i.e., midstream that attributed the growth of the SCADA oil and gas market. MEA, the topmost oil producer in the world is widely investing in technological upgradation to cut the production cost. This investment in technological upgradation is anticipating the growth of the SCADA oil and gas market.


Key Industry Developments




  • In July 2019, With the acquisition of Zedi’s software and automation business, Emerson expanding its SCADA based services for cloud-based monitoring, control, and optimization needed to help oil and gas companies to monitor and control accurate data being gathered through all the sensors in the field.
  • In March 2019, Avanceon has bagged a contract from Mari Petroleum Company Limited for supplying SCADA system for three TIPPU wellheads and flow metering stations for four SML wells at Mari Gas Field, Sindh.
  • In February 2018, Egyptian natural gas company (GASCO) has awarded a contract to Yokogawa for better management and control of the gas pipeline. The new SCADA system will replace the existing system that will allow GASCO to monitor and control the 7,000km network of gas pipeline.

SCADA Oil & Gas  Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2020
  • 2017-2019

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