ABB Ltd. (Switzerland) and Schneider Electric SE (France) are the Leading Players in the SCADA Oil & Gas Market
The global SCADA Oil & Gas market value is projected to grow at a CAGR of 5.77% from 2017 to 2022. This market growth is primarily driven by increasing investments in pipeline networks, increasing penetration of cloud computing services in the SCADA system, and increased thrust on process optimization through automation and digitalization.
North America will continue to be the largest market for SCADA Oil & Gas followed by Europe till 2022. The global market is dominated by a few players including ABB Ltd. (Switzerland), Schneider Electric SE (France), Siemens AG (Germany), Emerson Electric Co. (US), and Honeywell International Inc. (US).
The major market growth strategies adopted by key players in the SCADA Oil & Gas market include new product launches and contracts & agreements which earlier was the most adopted strategy between 2013 and 2017. Industry players also adopted mergers & acquisitions strategy in the stated period from 2013 to 2017 (till June).
ABB Ltd. is one of the leading players with strong product and service offering in the SCADA systems catering to upstream, midstream, and downstream segments of oil and gas. It offers a full range of instruments and field devices, combined with applications, such as, compressor or pumping station automation, Leak Detection System (LDS), Management Information System (MIS), pipeline efficiency monitoring, valve station automation, and communication system for the oil & gas sector. It also provides a wide range of equipment, automation systems, and software and services for oil & gas transportation and distribution. ABB offers cost effective 64-bit SCADAvantage operating system for oil & gas operations to ease complexities related with challenging tasks, such as efficient control of distributed assets and bi-directional interface with corporate systems. The company adopted contracts & agreements as one of its key growth strategies to maintain its market position. In December 2015, the company was contracted by Tanap Dogalgaz Iletim Anonim Sirket (Turkey) to provide integrated control and safety systems for Trans-Anatolian Natural Gas Pipeline (TANAP).
Schneider Electric SE offers efficient and dedicated software solutions for various oil & gas operations. It provides a wide range of safety and control solutions which includes pipeline stimulation, leak detection, and flow measurement. It offers its OASyS SCADA platform for pipeline and gas distribution networks, while in the upstream and downstream sectors, it provides Wonderware software to assist oil & gas producers, processors, and refiners for improved production and refining efficiency. The company adopted new product launches as its key strategy to strengthen its software and systems for the oil & gas industry. In April 2017, Schneider Electric, launched ClearSCADA 2017 with innovative location services and integrated mapping functionalities.
Related Reports:
SCADA Oil & Gas Market by System Architecture (Hardware Components, Software Solutions (Cloud Based & Others), and Services), Value Stream (Upstream, Midstream, and Downstream), and by Region - Trends and Global Forecast to 2022
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