SCADA System for Oil and Gas

 Evolution of SCADA for Oil and Gas Monitoring System

Supervisory control and data acquisition, abbreviated as SCADA, is a highly configurable set of industrial software applications that are used to support the management of almost any form of process production. It is widely applied in the upstream, midstream, and downstream oil and gas sectors. The technology has been in constant development for many years. The growing adoption of cloud-based services and robust investments in the pipeline infrastructure across North America is likely to boost the growth of the SCADA oil and gas market in this region during the forecast period.

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The key players influencing the market are ABB, Emerson Electric, General Electric Company, Honeywell International, Mitsubishi Electric Corporation, PSI Software AG, Rockwell Automation, Schneider Electric SE, Siemens AG, Yokogawa Electric Corporation among others.

SCADA Oil and Gas: Everything You Need to Know

The SCADA oil and gas market is anticipated to grow in the forecast period owing to driving factors such as a growing pipeline network coupled with the surge in demand for remote management of oil and gas pipelines. However, high initial investments for the SCADA Oil and Gas setup may hamper the growth of the SCADA oil and gas market during the forecast period. On the other hand, emerging big data analytics is likely to open up opportunities for the SCADA oil and gas market in the coming years.

The global SCADA oil and gas market is segmented on the basis of component and stream. Based on component, the market is segmented as solution and services. On the basis of the stream, the market is segmented as upstream, downstream, and midstream.

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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global SCADA oil and gas market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The SCADA oil and gas market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

 

 

Reference: The Insight Partners

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