SCADA Oil & Gas

SCADA Oil & Gas

Global SCADA Oil & Gas Market to Reach US$7.5 Billion by 2030

The global market for SCADA Oil & Gas estimated at US$5.7 Billion in the year 2023, is expected to reach US$7.5 Billion by 2030, growing at a CAGR of 4.1% over the analysis period 2023-2030. Hardware Component, one of the segments analyzed in the report, is expected to record a 3.3% CAGR and reach US$3.7 Billion by the end of the analysis period. Growth in the Software Component segment is estimated at 5.4% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.5 Billion While China is Forecast to Grow at 4.0% CAGR

The SCADA Oil & Gas market in the U.S. is estimated at US$1.5 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.2 Billion by the year 2030 trailing a CAGR of 4.0% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.9% and 3.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.

Global SCADA Oil & Gas Market - Key Trends and Drivers Summarized

How Is SCADA Transforming Operations in the Oil & Gas Industry?

Supervisory Control and Data Acquisition (SCADA) systems play a crucial role in monitoring and controlling industrial processes within the oil and gas sector. SCADA systems allow operators to collect real-time data from field devices and equipment, providing insights that help manage extraction, processing, and distribution efficiently. By integrating with sensors and automation tools, SCADA systems support the management of remote operations, making it easier to monitor pipelines, drilling sites, and refining facilities. SCADA technology enables oil and gas companies to optimize production, enhance safety, and reduce costs, underscoring its importance in today’s increasingly digital and automated industrial landscape.

What Are the Key Segments in the SCADA Oil & Gas Market?

Components of SCADA systems include hardware, software, and services, with software representing a significant share due to its critical role in data processing, analytics, and visualization. Hardware, such as sensors and remote terminal units, is also essential as it forms the backbone of data collection in SCADA systems. Services, including implementation, maintenance, and training, are critical to ensuring that SCADA systems are properly configured and optimized for long-term use. Applications of SCADA in oil and gas include upstream, midstream, and downstream operations, with upstream applications holding the largest market share due to the need for precise monitoring and control in exploration and extraction. SCADA systems in upstream operations are used to monitor wellheads, manage drilling, and ensure safety in remote locations. In midstream, SCADA supports pipeline monitoring and leak detection, while in downstream, it assists in refining and distribution management. Regionally, the SCADA oil and gas market is strongest in North America and the Middle East, driven by extensive oil and gas infrastructure and a focus on advanced automation.

How Are SCADA Systems Applied in Oil & Gas Operations?

In upstream operations, SCADA systems help monitor drilling sites, control well pressure, and manage production rates, allowing for safer and more efficient extraction processes. In midstream, SCADA technology is used for pipeline monitoring, enabling operators to detect leaks, manage flow rates, and ensure compliance with safety standards. Downstream operations benefit from SCADA in refining, where it aids in process optimization and energy management. By providing real-time data, SCADA systems help oil and gas companies make informed decisions, reduce downtime, and maximize production efficiency across the supply chain.

What Factors Are Driving the Growth in the SCADA Oil & Gas Market?

The growth in the SCADA Oil & Gas market is driven by several factors, including the rising demand for automation, increased focus on operational efficiency, and advancements in digital monitoring technologies. Innovations like remote monitoring, predictive analytics, and cloud-based SCADA have expanded their application in oil and gas, supporting more efficient and safer operations. The focus on reducing costs, minimizing risks, and optimizing resource use has further fueled demand, as SCADA systems provide essential data insights and control capabilities. Additionally, growth in oil and gas exploration, infrastructure investments, and digital transformation initiatives have contributed to market expansion, supporting broader adoption of SCADA systems in oil and gas.

SCOPE OF STUDY:

The report analyzes the SCADA Oil & Gas market in terms of US$ Million by the following Architecture; Stream, and Geographic Regions/Countries:

Segments:
Architecture (Hardware, Software, Service); Stream (Upstream, Midstream, Downstream)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 34 Featured) -

• ABB Ltd.
• Bentek Systems
• CygNet Software, Inc.
• Detechtion Technologies
• eLynx Technologies, LLC
• Emerson Electric Co.
• General Electric Company
• Globalogix, Inc.
• Honeywell International Inc.
• Iconics, Inc.
• Inductive Automation
• International Business Machines Corporation
• Larsen & Toubro Limited
• Mitsubishi Electric Corporation
• Orbcomm Inc.
• PetroCloud, LLC
• PSI AG
• Quorum Business Solutions, Inc.
• Rockwell Automation, Inc.
• Schneider Electric SE
• Siemens AG
• TechnipFMC plc
• TRC Advanced Technologies Inc.
• Yokogawa Electric Corporation
• ZTE Corporation

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