Hardware is Expected to Dominate the Global Oil Gas Scada Market

The global network of oil and gas pipelines is growing rapidly, as countries around the world look to expand their access to energy resources. This is driving the demand for SCADA systems.

 

According to TechSci Research report, “Global Oil Gas Scada Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”. The Global  Oil Gas Scada is anticipated to project robust growth in the forecast period with a CAGR of  5.66% through 2028. 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.

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.

 

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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.

 

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. 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.

 

Key market players in the Global  Oil Gas Scada Market are following:-

• Schneider Electric
• Siemens
• General Electric
• Rockwell Automation
• ABB
• Emerson Electric
• Yokogawa Electric
• Honeywell International
• Indra Sistemas

 

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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.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based  global management consulting firm.

Oil Gas Scada Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By System (Hardware, Software, Services), By Industry Segment (Upstream, Midstream, Downstream), By Region, Competition 2018-2028 has evaluated the future growth potential of Global  Oil Gas Scada Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Global  Oil Gas Scada Market.

 

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