The SCADA Oil & Gas market size will grow from USD 3.45 Billion in 2017 to USD 4.84 Billion by 2023, at an estimated CAGR of 5.83%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
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Increased investments in pipeline networks, rising demand for remote management of oil & gas pipelines, and increased thrust on process optimization through automation and digitalization is expected to drive the this market during the forecast period. The hardware segment dominated the SCADA oil & gas market, by architecture, in 2017 accounting for the largest share in the total project spending. Hardware segment is followed by the software and services segments in terms of market share. Rising investments focused on automated devices in the oil & gas infrastructure is expected to drive the hardware segment. Based on stream, the SCADA oil & gas market is segmented into upstream, midstream, and downstream. Midstream is the largest segment for the market of SCADA oil & gas , by value stream. Rising investments in pipeline infrastructure from countries, such as, the US, Canada, Russia, China, and India, is expected to drive the market during the forecast period.
By Market Players:
ABB Ltd. , Schneider Electric Se , Rockwell Automation, Inc. , Mitsubishi Electric Corporation , Siemens AG , General Electric Company , Yokogawa Electric Corporation , PSI AG , Larsen & Toubro Limited , Emerson Electric Co. , International Business Machines Corporation (IBM) , Honeywell International Inc. , Technipfmc, PLC,
Hardware , Software , Services,
Upstream , Midstream , Downstream,
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