Market Overview:
The global oil and gas monitoring system market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for oil and gas across the globe, coupled with the rising concerns over safety and security in the oil and gas industry. The global oil and gas monitoring system market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into software, hardware, and service segments. The software segment is expected to witness high growth during the forecast period owing to its ability to provide real-time data analysis for better decision making. On the basis of application, it can be classified into remote monitoring of gas meter, PIG (pipeline inspection gauge) gas monitoring system,, remote monitoring of test point,, LACT (liquid automatic custody transfer) meter oil &gas Monitoring,, tank Gas Monitoring System segments., Among these applications,. Remote Monitoring Of Gas Meter is projectedto hold a dominant share in terms of revenue contribution throughoutthe forecast period.
Product Definition:
An oil and gas monitoring system is a type of sensor system used to detect, measure, and control various aspects of the production process in an oil or gas field. This includes measuring the pressure, flow rate, and composition of the fluids involved in order to optimize production. The importance of this technology is that it helps ensure safe and efficient production from oil and gas wells.
Software:
Software is the collection of data, procedures, and tools that are used to build a computer model or simulation. It includes all the processes and methodologies required for designing, developing, testing & implementing software solutions in an organization. Software helps in gaining knowledge about complex systems by modeling real-world situations through various types of simulations.
Hardware:
Hardware is the equipment or devices used to collect, measure, record and transfer data in an electronic format. It can be further classified into two categories: physical and virtual hardware. The physical hardware includes sensors, flow meters, pressure transducers; while virtual hardware includes software applications such as SaaS (Software as a Service), PaaS (Platform as a Software Service) and others.
Application Insights:
The remote monitoring of gas meter application segment dominated the global oil and gas monitoring system market in 2017. This can be attributed to its rising adoption owing to its benefits such as real-time data, ability to access information from any device with an internet connection, and ease of installation. The remote monitoring of test point application is expected to grow at a significant rate over the forecast period due to increasing demand for testing equipment during exploration activities.
Remote Monitoring of Test Point (RMTT) systems are used for testing various aspects including well integrity logging & diagnostics, completions & Completion Process Automation (CPAC), flow measurement & surveillance across all stages from discovery through production. RMTT systems provide critical data on pressure/temperature logs that help optimize drilling operations thereby enhancing operational efficiency across all phases of E&P projects.
Regional Analysis:
North America dominated the global market in 2017. The U.S., being a major oil and gas producing nation, has a large number of monitoring systems installed across the country to monitor various aspects of production such as wellhead pressure, flow rate from storage tanks, etc. Europe is expected to be one of the fastest-growing regional markets over the forecast period owing to increasing demand for advanced technologies in exploration and production (E&P) activities coupled with rising government initiatives pertaining to improved safety standards in offshore operations.
Asia Pacific is estimated to be one of the fastest-growing regions during 2018 - 2030 due its vast reserves that are still untapped and potential locations for E&P activities such as Indonesia, Vietnam, Philippines among others offer high growth opportunities for industry participants over next few years.
Growth Factors:
- Increasing demand for oil and gas across the globe
- Rapid industrialization in emerging economies
- Stringent environmental regulations for emissions and effluents from industries
- Proliferation of smart grid technologies
- Growing investments in renewable energy sources
Scope Of The Report
Report Attributes
Report Details
Report Title
Oil and Gas Monitoring System Market Research Report
By Type
Software, Hardware, Service
By Application
Remote Monitoring of Gas Meter, PIG Gas Monitoring System, Remote Monitoring of Test Point, LACT Meter Oil and Gas Monitoring, Tank Gas Monitoring System
By Companies
High Tide Technologies, Sensaphone, SCADACore, HBM, ORBCOMM, Digiteum, Entec, United Electric Controls (UEC)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
173
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Oil and Gas Monitoring System Market Report Segments:
The global Oil and Gas Monitoring System market is segmented on the basis of:
Types
Software, Hardware, Service
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Remote Monitoring of Gas Meter, PIG Gas Monitoring System, Remote Monitoring of Test Point, LACT Meter Oil and Gas Monitoring, Tank Gas Monitoring System
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- High Tide Technologies
- Sensaphone
- SCADACore
- HBM
- ORBCOMM
- Digiteum
- Entec
- United Electric Controls (UEC)
Highlights of The Oil and Gas Monitoring System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Software
- Hardware
- Service
- By Application:
- Remote Monitoring of Gas Meter
- PIG Gas Monitoring System
- Remote Monitoring of Test Point
- LACT Meter Oil and Gas Monitoring
- Tank Gas Monitoring System
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Oil and Gas Monitoring System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An oil and gas monitoring system is a network of sensors that collect data about the underground environment in which oil and gas production takes place. This information can be used to improve safety, monitor well performance, and optimize drilling operations.
Some of the key players operating in the oil and gas monitoring system market are High Tide Technologies, Sensaphone, SCADACore, HBM, ORBCOMM, Digiteum, Entec, United Electric Controls (UEC).
The oil and gas monitoring system market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Oil and Gas Monitoring System Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Oil and Gas Monitoring System Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Oil and Gas Monitoring System Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Oil and Gas Monitoring System Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Oil and Gas Monitoring System Market Size & Forecast, 2018-2028 4.5.1 Oil and Gas Monitoring System Market Size and Y-o-Y Growth 4.5.2 Oil and Gas Monitoring System Market Absolute $ Opportunity
Chapter 5 Global Oil and Gas Monitoring System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Oil and Gas Monitoring System Market Size Forecast by Type
5.2.1 Software
5.2.2 Hardware
5.2.3 Service
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Oil and Gas Monitoring System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Oil and Gas Monitoring System Market Size Forecast by Applications
6.2.1 Remote Monitoring of Gas Meter
6.2.2 PIG Gas Monitoring System
6.2.3 Remote Monitoring of Test Point
6.2.4 LACT Meter Oil and Gas Monitoring
6.2.5 Tank Gas Monitoring System
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Oil and Gas Monitoring System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Oil and Gas Monitoring System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Oil and Gas Monitoring System Analysis and Forecast
9.1 Introduction
9.2 North America Oil and Gas Monitoring System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Oil and Gas Monitoring System Market Size Forecast by Type
9.6.1 Software
9.6.2 Hardware
9.6.3 Service
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Oil and Gas Monitoring System Market Size Forecast by Applications
9.10.1 Remote Monitoring of Gas Meter
9.10.2 PIG Gas Monitoring System
9.10.3 Remote Monitoring of Test Point
9.10.4 LACT Meter Oil and Gas Monitoring
9.10.5 Tank Gas Monitoring System
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Oil and Gas Monitoring System Analysis and Forecast
10.1 Introduction
10.2 Europe Oil and Gas Monitoring System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Oil and Gas Monitoring System Market Size Forecast by Type
10.6.1 Software
10.6.2 Hardware
10.6.3 Service
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Oil and Gas Monitoring System Market Size Forecast by Applications
10.10.1 Remote Monitoring of Gas Meter
10.10.2 PIG Gas Monitoring System
10.10.3 Remote Monitoring of Test Point
10.10.4 LACT Meter Oil and Gas Monitoring
10.10.5 Tank Gas Monitoring System
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Oil and Gas Monitoring System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Oil and Gas Monitoring System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Oil and Gas Monitoring System Market Size Forecast by Type
11.6.1 Software
11.6.2 Hardware
11.6.3 Service
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Oil and Gas Monitoring System Market Size Forecast by Applications
11.10.1 Remote Monitoring of Gas Meter
11.10.2 PIG Gas Monitoring System
11.10.3 Remote Monitoring of Test Point
11.10.4 LACT Meter Oil and Gas Monitoring
11.10.5 Tank Gas Monitoring System
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Oil and Gas Monitoring System Analysis and Forecast
12.1 Introduction
12.2 Latin America Oil and Gas Monitoring System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Oil and Gas Monitoring System Market Size Forecast by Type
12.6.1 Software
12.6.2 Hardware
12.6.3 Service
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Oil and Gas Monitoring System Market Size Forecast by Applications
12.10.1 Remote Monitoring of Gas Meter
12.10.2 PIG Gas Monitoring System
12.10.3 Remote Monitoring of Test Point
12.10.4 LACT Meter Oil and Gas Monitoring
12.10.5 Tank Gas Monitoring System
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Oil and Gas Monitoring System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Oil and Gas Monitoring System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Oil and Gas Monitoring System Market Size Forecast by Type
13.6.1 Software
13.6.2 Hardware
13.6.3 Service
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Oil and Gas Monitoring System Market Size Forecast by Applications
13.10.1 Remote Monitoring of Gas Meter
13.10.2 PIG Gas Monitoring System
13.10.3 Remote Monitoring of Test Point
13.10.4 LACT Meter Oil and Gas Monitoring
13.10.5 Tank Gas Monitoring System
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Oil and Gas Monitoring System Market: Competitive Dashboard
14.2 Global Oil and Gas Monitoring System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 High Tide Technologies
14.3.2 Sensaphone
14.3.3 SCADACore
14.3.4 HBM
14.3.5 ORBCOMM
14.3.6 Digiteum
14.3.7 Entec
14.3.8 United Electric Controls (UEC)