Global SCADA Oil & Gas Market By Stream (Upstream, Midstream, Downstream), Component (Software, Hardware, Services), and Regional Market Size, Status and Forecast to 2025
The Global SCADA Oil & Gas Market was valued at USD 3.34 billion in 2016 and is projected to reach USD 5.55 billion by 2025, growing at a CAGR of 5.81% from 2017 to 2025.
(EMAILWIRE.COM, March 21, 2018 ) Global SCADA Oil & Gas Market By Stream (Upstream, Midstream, Downstream), Component (Software, Hardware, Services), and Regional Market Size, Status and Forecast to 2025
SCADA is a highly configurable set of industrial software applications that can be used to support management of any form of process production. SCADA is widely applied in the upstream, midstream, and downstream oil and gas sectors. Benefits of SCADA oil & gas system includes - better control and coordination, enhance safety, asset optimization, increase in the reliability, reductions in the time, effort and cost of integration, gather and process real-time data.
The SCADA oil & gas market ecosystem comprises equipment manufacturers, such as, ABB Ltd. (Switzerland), Schneider Electric SE (France), Rockwell Automation, Inc. (US), Yokogawa Electric Corporation (Japan), General Electric Company (US), Honeywell International Inc. (US), CygNet Software, Inc. (US), Siemens AG (Germany), Quorum Business Solutions, Inc. (US), Larsen & Toubro Limited (India), ZTE Corporation (China), PSI AG (Germany), Mitsubishi Electric Corporation (Japan), Orbcomm Inc. (US), Iconics, Inc. (US), Detechtion Technologies (US), eLynx Technologies, LLC (US), Globalogix, Inc. (US), TRC Advanced Technologies Inc. (US), Inductive Automation (US), International Business Machines Corporation (US), TechnipFMC plc (UK), Emerson Electric Co. (US), Bentek Systems (Canada), and PetroCloud, LLC (US).
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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.
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Market Dynamics:
Market Drivers
1.1 Rising adoption of big data analytics and cloud computing services
1.2 Increased R&D in the wireless sensor networks in SCADA systems
1.3 Rising demand for remote management of oil & gas pipelines
1.4 Growing pipeline networks
1.5 Optimum and effective exploration of ageing reservoirs
1.6 Growing focus on process optimization through automation and digitalization
Market Restraints
2.1 Increasing cyber security threats
2.2 Issues with the interoperability of multiple system components from different solutions providers
2.3 Changing oil & gas prices
2.4 High investment cost
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About Us:
Key Market Insights is a stand-alone organization with a solid history of advancing and exchanging market research reports and logical surveys delivered by our numerous transnational accomplices, which incorporate both huge multinationals and littler, more Expert concerns.
Contact Us:
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+1 (888) 278-7681
SCADA is a highly configurable set of industrial software applications that can be used to support management of any form of process production. SCADA is widely applied in the upstream, midstream, and downstream oil and gas sectors. Benefits of SCADA oil & gas system includes - better control and coordination, enhance safety, asset optimization, increase in the reliability, reductions in the time, effort and cost of integration, gather and process real-time data.
The SCADA oil & gas market ecosystem comprises equipment manufacturers, such as, ABB Ltd. (Switzerland), Schneider Electric SE (France), Rockwell Automation, Inc. (US), Yokogawa Electric Corporation (Japan), General Electric Company (US), Honeywell International Inc. (US), CygNet Software, Inc. (US), Siemens AG (Germany), Quorum Business Solutions, Inc. (US), Larsen & Toubro Limited (India), ZTE Corporation (China), PSI AG (Germany), Mitsubishi Electric Corporation (Japan), Orbcomm Inc. (US), Iconics, Inc. (US), Detechtion Technologies (US), eLynx Technologies, LLC (US), Globalogix, Inc. (US), TRC Advanced Technologies Inc. (US), Inductive Automation (US), International Business Machines Corporation (US), TechnipFMC plc (UK), Emerson Electric Co. (US), Bentek Systems (Canada), and PetroCloud, LLC (US).
Get Sample copy at http://bit.ly/2FYGrC6
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.
Access More Details at http://www.kminsights.com/reports/global-scada-oil---gas-market--by-stream--upstream--midstream--downstream---component--software--hardware--services---and-regional-market-size--status-and-forecast-to-2025-170865
Market Dynamics:
Market Drivers
1.1 Rising adoption of big data analytics and cloud computing services
1.2 Increased R&D in the wireless sensor networks in SCADA systems
1.3 Rising demand for remote management of oil & gas pipelines
1.4 Growing pipeline networks
1.5 Optimum and effective exploration of ageing reservoirs
1.6 Growing focus on process optimization through automation and digitalization
Market Restraints
2.1 Increasing cyber security threats
2.2 Issues with the interoperability of multiple system components from different solutions providers
2.3 Changing oil & gas prices
2.4 High investment cost
Ask for PDF Sample with Full TOC at http://bit.ly/2FYGrC6
About Us:
Key Market Insights is a stand-alone organization with a solid history of advancing and exchanging market research reports and logical surveys delivered by our numerous transnational accomplices, which incorporate both huge multinationals and littler, more Expert concerns.
Contact Us:
sales@kminsights.com
+1 (888) 278-7681
Contact Information:
Key Market Insights
sambit kumar
Tel: 8007533694
Email us
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Key Market Insights
sambit kumar
Tel: 8007533694
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results