Pune, India, May 2019 /MRFR Press Release/- Market Research Future Published a Half-Cooked Research Report on Global Oil & Gas SCADA Market.
Market Highlights
SCADA is a highly configured system that comprises both, hardware and software components. The SCADA system can be used to manage of all forms of processes within various industries including the oil & gas industry. This system is widely used in upstream, midstream, and downstream processes. In upstream process, SCADA is generally used for remote data transmission. However, the role of SCADA is changing due to the advancements in the oil & gas industry. Moreover, apart from data transmission, this system can be used not only to control and supervise many types of industrial processes but also to optimize the complex coordination of operations among multiple business partners.
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On the basis of sector, the global oil & gas SCADA market is segmented as upstream, downstream, and midstream. The midstream segment is expected to dominate the market during the forecast period. In midstream segment, the demand for both data collection and interpretation is higher than ever. Hence, the use of metering systems and rotating equipment control, along with SCADA is an essential part of the midstream segment, within the oil & gas industry. On the basis of architecture, the global market is segmented as hardware, software, and services. The hardware subsegment holds the largest share in the oil & gas SCADA market as it is easy to install and can be installed with existing infrastructure.
The global oil & gas SCADA market is expected to grow at 5.90% CAGR during the forecast period.
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Key Players
The key players of the global Oil & Gas SCADA market are General Electric (US), Siemens (Germany), ABB (Switzerland), Yokogawa Electric Corporation (Japan), Rockwell Automation, Inc. (US), Larsen & Toubro Limited (India), Mitsubishi Electric Corporation (Japan), Schneider Electric SE (France), Emerson Electric Co. (US), Honeywell International Inc. (US), PSI AG (Germany), Technipfmc, Plc (UK), and International Business Machines Corporation (IBM) (US), among others.
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