Global SCADA Oil and Gas Market Report and Forecast 2024-2032

Global SCADA Oil and Gas Market Outlook

The global SCADA oil and gas market size is expected to grow at a CAGR of 5.20% between 2024 and 2032. The market is being driven by the rising oil and gas exploration activities and growing reliance on IT-based automation in different types of streams.

Key Trends in the Market

SCADA oil and gas refers to the usage of supervisory control and data acquisition (SCADA) systems in oil and gas applications, where a software-enabled control system establishes a communication network between oil and gas production sites. Computing platforms, along with several peripheral devices are used to improve communications and data transfer to optimise various oil and gas plant operations such as flow regulation, and pressure and temperature control, among others.

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• The increasing application of SCADA in the oil and gas sector to minimise inefficiencies, bolster safety, and to monitor pipeline and gas well production, is a key trend in the SCADA oil and gas market.

• Growing reliance on IT-based automation across the upstream, downstream and midstream sector, to counter data transmission challenges, and to facilitate real-time gas measurement analysis, is further bolstering the market for SCADA oil and gas.

• Rising demand for remote management of oil and gas networks by major players is expected to surge the demand for SCADA oil and gas systems. These systems also provide real-time communication, further increasing their demand.

Market Analysis

Based on system, the market is segmented into hardware, software, and services. On the basis of stream, the market is classified into upstream, midstream, and downstream. The regional markets for SCADA oil and gas is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global SCADA oil and gas market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• Schneider Electric

• Mitsubishi Electric Corporation

• Bentek Systems

• ICONICS, Inc.

• Yokogawa India Ltd.

• Weatherford

• Avanceon Ltd

• Others

Market Share by System

The hardware segment, based on system, accounts for a healthy share of the SCADA oil and gas market. This can be attributed to the heightened deployment of field instrumentation and control devices across remote sites to facilitate data collection, data processing, display information, and control actions. In addition, remote terminal unit (RTU) hardware technology is gaining traction in oil and gas fields to set up communication interfaces while enhancing the power supply.

Meanwhile, SCADA oil and gas software is expected to be a fast-growing segment in the global market for SCADA oil and gas over the forecast period. The projected growth is owing to the increasing adoption of cloud-based software to boost data transmission processes for greater operational efficiency.

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Market Share by Region

The North America region is anticipated to account for a decent share in the SCADA oil and gas market. The growing focus on real-time data in oil and gas sector is escalating the adoption of hardware and software solutions, leading to a higher revenue in the market for SCADA oil and gas in North America. Favourable oil and gas exploration initiatives by the governments of well-established economies such as the United States and Canada are further heightening the adoption of SCADA oil and gas systems and advancements in technology.

Competitive Landscape

Schneider Electric is a multinational company specialising in digital automation and energy management. Founded in 1836 and headquartered in Rueil-Malmaison, France, this company caters to homes, buildings, and several industries.

Mitsubishi Electric Corporation is one of the largest manufacturers of electric and electronic products used in a broad range of fields. Established in 1921 and headquartered in Tokyo, Japan, this company produces turbine generators and high-end power electronic equipment.

Bentek Systems is a renowned company dedicated towards designing and manufacturing innovative industrial wireless SCADA, automation systems, and telemetry solutions. The company was founded in 1988 and is headquartered in Alberta, Canada.

Other market players include ICONICS, Inc., Yokogawa India Ltd., Weatherford, and Avanceon Ltd, among others.

Key Highlights of the Report