Expert Says SCADA Oil & Gas Market Reach to $4.52 Billion
Till 2022
The report "SCADA Oil & Gas Market by System Architecture (Hardware Components,
Software Solutions (Cloud Based & Others), and Services), Value Stream (Upstream,
Midstream, and Downstream), and by Region - Trends and Global Forecast to 2022", The
SCADA oil & gas market is expected to grow from an estimated USD 3.42 Billion in 2017 to USD
4.52 Billion by 2022, at a CAGR of 5.77%. The market is set to witness growth, due to increasing
investments in pipeline networks, increasing penetration of cloud computing services in the
SCADA system, and increased thrust on process optimization through automation and
digitalization.
The report segments SCADA oil & gas market based on architecture into hardware, software, and
services. The hardware segment dominated the SCADA oil & gas market, by architecture, in 2016
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.
Leading players in the market include:
Yokogawa Electric Corporation (Japan)
General Electric Company (US)
Honeywell International Inc. (US)
CygNet Software, Inc. (US)
Siemens AG (Germany)
Schneider Electric SE (France)
Rockwell Automation, Inc. (US)
PSI AG (Germany)
Mitsubishi Electric Corporation (Japan)
Orbcomm Inc. (US)
Iconics, Inc. (US)