Global SCADA Oil & Gas Market Expected to Reach USD 7,038.34 Million by 2031
Category : Energy and Power | Published Date : Nov 2024 | Type : Press Release
SCADA Oil & Gas Market Scope & Overview:
In the newly published report, Consegic Business Intelligence states that the SCADA Oil & Gas Market was valued at USD 4,473.94 Million in 2023 and is projected to reach USD 7,038.34 Million by 2031, growing at a CAGR of 5.8% from 2024 to 2031. SCADA (Supervisory Control and Data Acquisition) is a comprehensive system utilized for real-time monitoring, control, and analysis of industrial processes through field controllers and a human-machine interface (HMI). SCADA systems enhance operational efficiency, safety, and decision-making in the oil and gas industry by providing actionable insights and reducing downtime.
The report comprises the SCADA Oil & Gas Market Share, Size & Industry Analysis, By Type (Hardware, Software, Services), By Stream (Upstream, Midstream, Downstream), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2024–2031.
The report contains detailed information on SCADA Oil & Gas Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
Increasing investments in oil and gas infrastructure development are driving market expansion, while high deployment costs present a challenge for smaller companies.
Segmental Analysis :
By Type, the market is segmented into Hardware, Software, and Services.
- Hardware held the largest share of 59.32% in 2023, driven by demand for robust physical components like remote terminal units (RTUs) and programmable logic controllers (PLCs) essential for data acquisition and real-time monitoring.
- Services are anticipated to register the fastest CAGR, driven by increasing demand for system integration, maintenance, and support to ensure continuous and efficient operations.
By Stream, the market is categorized into Upstream, Midstream, and Downstream.
- Midstream accounted for the largest revenue share in 2023, driven by the need for real-time monitoring, leak detection, and efficient pipeline management.
- Upstream is projected to grow at the fastest CAGR, supported by increasing adoption of SCADA systems for wellhead monitoring, drilling control, and reservoir management.
Based on regions, the global market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
- Asia-Pacific is expected to exhibit the highest growth, driven by significant investments in oil and gas infrastructure and increasing demand for advanced SCADA solutions in countries like China, India, and Japan.
- North America remains a key market due to the adoption of advanced technologies like cloud computing and machine learning in oil and gas operations.
| Report Attributes | Report Details |
| Study Timeline | 2018-2031 |
| Market Size in 2031 | USD 7,038.34 Million |
| CAGR (2024-2031) | 5.8% |
| By Type | Hardware, Software, Services |
| By Stream | Upstream, Midstream, Downstream |
| By End-User | Hospitals, ASCs, Specialty Clinics, Research Institutes & Academic Centers |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape features major industry players engaged in product innovations, strategic acquisitions, and expanding service offerings. The analysis includes strengths, weaknesses, market share insights, and recent developments by leading companies.
List of prominent players in the SCADA Oil & Gas Industry:
- General Electric (United States)
- ABB (Switzerland)
- Rockwell Automation, Inc. (United States)
- Siemens (Germany)
- Mitsubishi Electric Corporation (Japan)
- Schneider Electric SE (France)
- Larsen & Toubro Limited (India)
- Yokogawa Electric Corporation (Japan)
- Emerson Electric Co. (United States)
- Honeywell International Inc. (United States)
Recent Industry Developments :
- In September 2023, Siemens launched the Simcenter SCADAS RS with enhanced features like IP66 and IP67 ratings, aimed at improving data acquisition and control in harsh environments.
- In August 2024, PaKEnergy LLC acquired Plow Technologies to integrate cloud-based SCADA solutions, enhancing data processing capabilities for oil and gas companies.
