DUBLIN, July 5, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global SCADA Market in the Oil and Gas Industry 2016-2020" report to their offering.
The report forecasts the global SCADA market in oil and gas industry to grow at a CAGR of 3.02% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: A trend that is boosting market growth is the increased use of unconventional resources. The rising demand from India, China, and the Middle East countries are pushing the oil and gas industry to explore the various unconventional forms of energy such as shale gas. According to the IEA's World Energy Outlook, the demand for energy may rise by more than a third by 2035 owing to rising standards of living in India, China, and the Middle Eastern countries - together accounting for 60% increase. IEA predicted that the US would overtake Russia and Saudi Arabia by 2017 and aims to become the net explorer of oil by 2030.
According to the report, a key growth driver is the demand for real-time information. Exploration and production are key activities of the oil and gas industry that demand continuous maintenance and well integrity to ensure the safety of employees, oil and gas equipment, and the natural environment. SCADA systems enable the oil and gas industry to share real-time information on well site conditions with the decision maker, that work from a remote location. The data collected from RTU or PLC by SCADA enable companies to simultaneously monitor, visualize, and analyze oilfield operations.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- Schneider Electric
- Emerson Electric
- eLynx Technologies
- Enbase Solutions
- General Electric
- Indicative Automation
- Mitsubishi Heavy Industries
- Rockwell Automation
- Toshiba International
- Yokogawa Electric
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by types
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Appendix
PART 15: About the Author
For more information visit http://www.researchandmarkets.com/research/b5mpwc/global_scada
Research and Markets
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SOURCE Research and Markets