DUBLIN--(BUSINESS WIRE)--The "SCADA Oil & Gas Market - Trends and Global Forecast to 2022" report has been added to Research and Markets' offering.
The SCADA oil & gas market is projected to grow at a CAGR of 5.77% from 2017 to 2022, to reach a market size of USD 4.52 Billion by 2022.
Increasing expenditure on pipeline networks and optimum and effective exploration of ageing reservoirs are expected to drive the SCADA oil & gas market. Interoperability of multiple system components from different solution providers can hinder the growth of the SCADA oil & gas market.
Based on architecture, the software segment is estimated to be the fastest growing market from 2017 to 2022. Software segment includes cloud based solutions, HMI software, and programming for remote terminal units (RTUs), Programmable logic controllers (PLC), and SCADA. Driven by need for upgradation in the existing software module and introduction of big data analytics, the segment is expected to grow over the next 5 years.
North America is the largest market for SCADA oil & gas, followed by Europe and Asia Pacific. Rising investments in the oil & gas infrastructure and increased focus toward automation and digitalization are driving the SCADA oil & gas market. The US is estimated to be the fastest growing market in the region, followed by the market in Canada, during the forecast period.
- ABB Ltd.
- Emerson Electric Co.
- General Electric Company
- Honeywell International Inc.
- International Business Machines Corporation (Ibm)
- Larsen & Toubro Limited
- Mitsubishi Electric Corporation
- PSI Ag
- Rockwell Automation, Inc.
- Schneider Electric Se
- Siemens Ag
- Technipfmc, Plc
- Yokogawa Electric Corporation
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Market Overview
5 Premium Insights
6 Scada Oil & Gas Market, By Architecture
7 Scada Oil & Gas Market, By Stream
8 Scada Oil & Gas Market, By Region
9 Competitive Landscape
10 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/8d9rk7/scada_oil_and_gas