What is the Historical Analysis of the SCADA Oil And Gas Market Size?
The scada oil and gas market has seen considerable growth due to a variety of factors.
• The market size for scada oil and gas has seen a significant surge over the recent years. The industry's value, which is projected to rise from $4.42 billion in 2024 to $4.72 billion in 2025, is expected to grow at a Compound Annual Growth Rate (CAGR) of 6.7%. The growth throughout the historic period is credited to factors such as the escalating complexity in oil and gas operations, the need to monitor pipelines, manage assets, and ensure safety and compliance while striving for efficiency and enhancement in productivity.
What is the Forecasted Market Size and CAGR for the SCADA Oil And Gas Market Size?
The SCADA Oil And Gas market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for SCADA in the oil and gas sector is anticipated to witness robust growth in the coming years. It is predicted to expand to $6.43 billion by 2029, registering a compound annual growth rate (CAGR) of approximately 8.1%.
Contributing factors for this growth during the projected period are initiatives towards digital transformation, integration with renewable energy, the adoption of predictive analytics, a focus on maintaining environmental sustainability, and an increased demand for remote operations. Noteworthy trends during this forecast period comprise the integration with the industrial Internet of Things (IIoT), enhancements in cybersecurity, implementation of cloud-based SCADA solutions, advanced data analytics, Artificial Intelligence and edge computing for real-time processing.
What Key Factors and Trends Are Driving The Growth SCADA Oil And Gas Market?
As the oil and gas industry continues to thrive, it is anticipated that SCADA oil and gas market will also experience growth. Both oil and gas are substantial contributors to the energy market and are key sources of primary fuel globally. SCADA or Supervisory control and data acquisition is a sophisticated control system that manages real-time operations within the oil and gas industry, encompassing the collection, transmission, and distribution of these resources. For example, in April 2024, the U.S. Energy Information Administration (eia), a US government agency, reported that in 2023, the electric power sector saw the highest growth in natural gas consumption among U.S. economic sectors. It noted a 7% increase (2.2 Bcf/d), surging from 33.2 Bcf/d in 2022 to a historic high of 35.4 Bcf/d. Therefore, this burgeoning demand for oil and gas is stimulating the growth of the SCADA oil and gas market.
What Are The Market Segments In The SCADA Oil And Gas Market?
The SCADA oil and gas market covered in this report is segmented –
1) By Type: Supervisory Control System, Data Acquisition System
2) By System: Hardware, Software, Services
3) By Industry: Upstream, Midstream, Downstream
Subsegments:
1) By Supervisory Control System: Centralized Supervisory Control Systems, Decentralized Supervisory Control Systems
2) By Data Acquisition System: Remote Terminal Units (RTUs), Programmable Logic Controllers (PLCs), Data Communication Systems
Pre-Book The SCADA Oil And Gas Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Trends Are Shaping The SCADA Oil And Gas Market?
The SCADA oil and gas market has seen a significant rise in product innovation as a primary trend. Top-tier companies within this market are focusing on the creation of unique and advanced products to solidify their market presence. An example of this is GE Digital, an American software company that, in February 2022, released an improved model of their innovative CIMPLICITY 2022 HMI/SCADA software. This automation platform, renowned for its security, provides true client/server visualization and control, from individual machines to international plant locations. It helps industrial entities manage operations, leverage connected workers, and achieve a quick return on investment with minimal or no code innovation. Additionally, this latest version gives users the flexibility to install on-site, in the cloud, or in a hybrid setup, potentially saving funds on infrastructure and upkeep. The innovative operator interfaces and reliable, real-time monitoring of CIMPLICITY are also beneficial for power utility operators using GE Gas Power's gas turbine fleet.
Who Are the Key Players In The SCADA Oil And Gas Market?
Major companies operating in the SCADA oil and gas market include:
• ABB Ltd.
• General Electric Company
• Schneider Electric SE
• Rockwell Automation Inc.
• Siemens AG
• Emerson Electric Co.
• ICONICS Inc.
• Mitsubishi Electric Corporation
• Yokogawa Electric Corporation
• Honeywell International Inc.
• PSI Software AG
• Orbcomm Inc.
• Bentek Systems
• Larsen & Toubro Technology Services Limited
• Omron Corporation
• Inductive Automation
• Weatherford International plc
• Technical Toolboxes Inc.
• Avanceon Limited
• TRC Advanced Technologies Inc.
• International Business Machines Corporation
• Honeywell Process Solutions
• Parametric Technology Corporation
• AVEVA Group plc
• CGG SA
• Aucotec AG
• eLynx Technologies LLC
• Petrolink Services Inc.
• Apergy Corporation
• Petrotechnics Ltd
• Kepware Technologies
• EnergySys Limited
• Genscape Inc.
• P2 Energy Solutions LLC
• Quorum Business Solutions Inc.
• Zedi Inc.
• WellAware Holdings Inc.
What Are The Regional Insights Into The SCADA Oil And Gas Market?
North America was the largest region in the SCADA oil and gas market in 2024. The regions covered in the SCADA oil and gas market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
