PUBLISHER: The Business Research Company | PRODUCT CODE: 1664688
PUBLISHER: The Business Research Company | PRODUCT CODE: 1664688
SCADA, or Supervisory Control and Data Acquisition, is a software system designed to enable operators to monitor and communicate the production activities of oil and gas wells. In the event of any issues, automatic notifications and alerts are generated. This system enhances performance, allowing the oil and gas industry to maintain competitiveness by optimizing resources and processes.
The primary types of SCADA systems in the oil and gas sector include supervisory control systems and data acquisition systems. A data acquisition system comprises sensors, measuring devices, and a computer. It provides a comprehensive solution encompassing hardware, software, and services for the industrial processes in upstream, midstream, and downstream operations.
The SCADA oil and gas market research report is one of a series of new reports from The Business Research Company that provides SCADA oil and gas market statistics, including SCADA oil and gas industry global market size, regional shares, competitors with a SCADA oil and gas market share, detailed SCADA oil and gas market segments, market trends, and opportunities, and any further data you may need to thrive in the SCADA oil and gas industry. This SCADA oil and gas market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The scada oil and gas market size has grown strongly in recent years. It will grow from $4.42 billion in 2024 to $4.72 billion in 2025 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to growing complexity of oil and gas operations, pipeline monitoring requirements, asset management needs, safety and compliance, efficiency, and productivity improvements.
The scada oil and gas market size is expected to see strong growth in the next few years. It will grow to $6.43 billion in 2029 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to digital transformation initiatives, renewable energy integration, adoption of predictive analytics, focus on environmental sustainability, demand for remote operations. Major trends in the forecast period include integration with industrial IoT (IIOT), cybersecurity enhancements, cloud-based SCADA solutions, remote monitoring and control, advanced data analytics and ai, edge computing for real-time processing.
The rising demand for the oil and gas market is projected to drive growth in the SCADA oil and gas market in the future. The oil and gas industries are major players in the energy sector, significantly impacting the world's primary fuel sources. SCADA (Supervisory Control and Data Acquisition) systems are complex control frameworks that manage real-time processes for oil and gas gathering, transmission, and distribution. For instance, in April 2024, the U.S. Energy Information Administration (EIA), a U.S.-based government agency, reported that in 2023, the electric power sector experienced the most significant growth in natural gas consumption among U.S. economic sectors, with a 7% increase (2.2 Bcf/d), rising from 33.2 Bcf/d in 2022 to a record high of 35.4 Bcf/d. Therefore, the increasing demand for oil and gas is propelling the growth of the SCADA oil and gas market.
The increasing demand for power generation is anticipated to drive the growth of the SCADA oil and gas market in the future. Electricity generation refers to the process of producing electric power from various primary energy sources, transforming forms of energy such as heat, kinetic energy, or chemical energy into electricity. SCADA (Supervisory Control and Data Acquisition) systems are specifically designed to monitor, control, and optimize a variety of processes, ensuring the efficient and safe operation of power generation facilities. For example, in March 2022, the U.S. Energy Information Administration, a U.S.-based government agency, reported that the contribution of renewable energy to power generation is projected to nearly triple, increasing from 21% in 2021 to 44% by 2050, primarily driven by advancements in wind and solar power. Thus, the growing demand for power generation is fueling the growth of the SCADA oil and gas market.
Product innovation emerges as a prominent trend gaining traction in the SCADA oil and gas market, with major companies actively developing innovative solutions to fortify their market positions. A case in point is GE Digital, a U.S.-based software company, which introduced an updated version of its CIMPLICITY 2022 HMI/SCADA software in February 2022. This secure-by-design automation platform offers client/server visualization and control capabilities for industrial operations, supporting connected workers and facilitating rapid time-to-value through no/low code innovation. Furthermore, the product's flexibility allows installation on-premises, in the cloud, or in a hybrid architecture, providing cost savings on infrastructure and maintenance.
Major players in the SCADA oil and gas market are strategically introducing advanced electronic devices such as remote terminal units (RTUs) to gain a competitive advantage. RTUs play a crucial role in SCADA systems by providing monitoring and control functionalities, data transmission, integration with existing systems, resilience in harsh environments, and reliability in data collection and transmission. Schneider Electric SE, a France-based digital automation and energy management company, launched SCADAPack 470i and 474i Smart RTUs in May 2023 for the control and monitoring of assets in the oil and gas sector. These Smart RTUs simplify telemetry network architecture, serving as data concentrators and efficiently transferring data from remote locations via data radios. The SCADAPack 470i and 474i boast a real-time operating system (RTOS) combined with a Linux-based applications processor, providing a specialized platform for complex edge computing services and protocols, compatible with both legacy and next-generation solutions.
In June 2022, Power Factors, a U.S.-based software company, acquired Inaccess Ltd. for an undisclosed amount. This strategic move involves integrating Inaccess' SCADA software, power plant and battery control, and market trading services with Power Factors' asset performance management solutions. This integration aims to drive the global renewable energy market toward dynamism and market-driven operations. Inaccess Ltd., based in the UK, is a provider of SCADA software in the oil and gas industry.
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.
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
The countries covered in the scada oil and gas market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The SCADA oil and gas market includes revenues earned by entities by providing services such as supervisory control and data acquisition, which is a grouping of technology including uses computers, communication networks, and a computing platform for real-time process management. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
SCADA Oil And Gas Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on scada oil and gas market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for scada oil and gas ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The scada oil and gas market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.