However unsurprisingly, in
the last decade, the dependence of oil and gas industry on automation has
augmented and is anticipated to double in the forecasted period. The segment of
automation has developed from the distributing of hardware equipment with the
aftermarket services to becoming more service based, contribute tools that can
translate massive volumes of data into meaningful, intelligent information that
can be leveraged to make imperative business pronouncements. Although, SCADA
indicates an exceedingly configurable set of industrial software submissions
that can be utilized to support management of almost any form of production
procedure. Furthermore, the players of SCADA systems in the oil and gas
industry are playing an important role while increasing the ability of this
system to collect data at remote oil and gas sited for decreasing the personnel
visits and developing the industrial processes more significantly which further
benefitted for leading the fastest market growth during the forecasted period
more positively.
According to the report
analysis, ‘SCADA
Systems in Oil & Gas Industry: Global Market by System Component,
Architecture Type, Operation Stage and Geography 2014-2023’ states that there
are several key players which are presently functioning in this sector more
actively for leading the fastest market growth and dominating the handsome
value of market share around the globe more positively while betting that SCADA
will be commanding platform solution for streamlined operation at many
different points in the oil and gas supply chain includes ABB Ltd., Emerson Electric Co., Endress+Hauser AG, Fanuc Corp., General
Electric Co.,
Hitachi, Ltd., Honeywell International Inc., International Business Machines Corporation
(IBM), Larsen & Toubro Limited, Mitsubishi Electric Corp., Omron Corporation, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, TechnipFMC
plc, Yokogawa Electric Corporation and several
others. Moreover, the supervisory control and data acquisition (SCADA)
efficiently based on the automation and control technology has been utilized
for the remote management of the critical pipeline infrastructure.
Although, the SCADA is
extremely applied in the midstream, upstream and downstream oil and gas segment
in the United States. However, in the upstream segment, its performance is
often stereotyped as being largely in support of remote data transmission. Not
only has this, SCADA, integrated with ERO, is becoming widespread in the oil
and gas industry, due to the aim on the safety. In the downstream associations,
such incorporation is enabling associations to appropriately map business
procedures, control mechanisms and risk factors, thus reorganization the
resource usage and maintenance abilities.
Additionally, the global
market of SCADA systems in oil and gas industry is sectored into different
segments which majorly involves system component, architecture type and
operation stage and country. Whereas, based on the system component, the market
is further divided into Supervisory Station, Remote Terminal Unit, Programmable Logic Controller, Human Machine Interface, and Communication Infrastructure for instance, on the basis
of architecture type, the market is split into Hardware, Software and Services. Therefore, with the efficient
market segmentation, it is predicted that the market of SCADA system in the oil
and gas industry will increase more positively across the globe over the
forecasted period.
For more information on the research
report, refer to below link:
Contact Us:-
Ken
Research
Ankur
Gupta, Head Marketing & Communications
+91-9015378249
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