The report, now available on ASDReports, recognizes the following companies as the key players in the global SCADA market in oil and gas industry: Siemens, Schneider Electric, Honeywell, ABB, and Emerson Electric.
Other Prominent Vendors in the market are: eLynx Technologies, Enbase Solutions, General Electric, Globlx, Iconics, Indicative Automation, Mitsubishi, Mitsubishi Heavy Industries, Omron, Orbcomm, Rockwell Automation, Toshiba International, and Yokogawa Electric.
Commenting on the report, an analyst said: “A trend that is boosting market growth is the increased use of unconventional resources. The rising demand from India, China, and the Middle East countries are pushing the oil and gas industry to explore the various unconventional forms of energy such as shale gas. According to the IEA’s World Energy Outlook, the demand for energy may rise by more than a third by 2035 owing to rising standards of living in India, China, and the Middle Eastern countries - together accounting for 60% increase. IEA predicted that the US would overtake Russia and Saudi Arabia by 2017 and aims to become the net explorer of oil by 2030.”
According to the report, a key growth driver is the demand for real-time information. Exploration and production are key activities of the oil and gas industry that demand continuous maintenance and well integrity to ensure the safety of employees, oil and gas equipment, and the natural environment. SCADA systems enable the oil and gas industry to share real-time information on well site conditions with the decision maker, that work from a remote location. The data collected from RTU or PLC by SCADA enable companies to simultaneously monitor, visualize, and analyze oilfield operations.
Further, the report states that one challenge that could derail market growth is the threat of cyber-attacks on SCADA. SCADA systems are predominantly built on an open software architecture that allows integration with other hardware and software systems. This makes SCADA systems vulnerable to online virus attacks, malware, and digital intrusions.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Source: ASDReports - Market Research
Date: Jun 28, 2016