Product Code: ETC071683 | Publication Date: Jun 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Internet of Things (IoT) in Oil and Gas Market is estimated to grow from USD 2.81 Billion in 2018 to USD 7.62 Billion by 2023, at a CAGR of 22.3%. The IoT market in oil and gas industry has witnessed significant growth over the past few years due to the increasing demand for automated systems for efficient management of resources, improved safety & security measures, increased process efficiency with optimized production cost, improved reliability and accuracy of data acquisition as well as improved customer experience through innovative services. Moreover, the rise in investments by venture capitalists into oil & gas start-ups is further driving the growth of IoT solutions in this industry.
Increasing Adoption Of Automated Systems In Oil & Gas Industry For Optimizing Resource Utilization: Automation technologies such as supervisory control and data acquisition (SCADA) systems have enabled predictive maintenance capabilities thus helping companies reduce downtime and improve operational performance as well as optimize resource utilization. This factor drives the adoption rate for automation technologies amongst oil & gas service providers leading up to higher demand for associated IoT solutions which will further drive market growth over forecast period. Technological Advancements Towards Digital Transformation In Oil And Gas Industry Leading To Higher Connectivity Among Assets: Companies are increasingly investing towards digitizing their operations by deploying unified communications platforms such intelligent edge computing architectures based on Industrial Internet of Things (IIoT). These technological advancements enable remote monitoring between connected assets resulting into better decision making abilities with real time analysis & insights leading up to higher operational efficiency over traditional methods thereby driving overall market growth during forecast period.
High Cost Associated With Implementation Of IoT Solutions Especially By Small Scale Players In Developing Regions : The high cost associated with deployment of these advanced technologies act as major restraint amongst smaller scale players especially operating out developing regions where access to funds become limited leading them incapable enough not able implement these expensive solutions hence hampering overall market growth during forecast period.
Emergence Of Low Power Wide Area Network Technologies Such As LoRaWAN Among Others : LPWA networks offer low power consumption while providing wide coverage area enabling seamless connectivity even across longer distances thus providing viable solution towards building wireless communication infrastructures required for industrial internet applications among others .This trends offers potential opportunities towards implementation various smart energy management scenarios mainly applicable across rural areas wherein majority population do not have access electricity grid networks hence creating potential opportunities within relevant.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India IoT(Internet of Things) in Oil and Gas Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India IoT(Internet of Things) in Oil and Gas Market Revenues & Volume, 2020 & 2027F |
3.3 India IoT(Internet of Things) in Oil and Gas Market - Industry Life Cycle |
3.4 India IoT(Internet of Things) in Oil and Gas Market - Porter's Five Forces |
3.5 India IoT(Internet of Things) in Oil and Gas Market Revenues & Volume Share, By Solution, 2020 & 2027F |
3.6 India IoT(Internet of Things) in Oil and Gas Market Revenues & Volume Share, By Application, 2020 & 2027F |
3.7 India IoT(Internet of Things) in Oil and Gas Market Revenues & Volume Share, By Industry Stream, 2020 & 2027F |
4 India IoT(Internet of Things) in Oil and Gas Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India IoT(Internet of Things) in Oil and Gas Market Trends |
6 India IoT(Internet of Things) in Oil and Gas Market, By Types |
6.1 India IoT(Internet of Things) in Oil and Gas Market, By Solution |
6.1.1 Overview and Analysis |
6.1.2 India IoT(Internet of Things) in Oil and Gas Market Revenues & Volume, By Solution, 2018 - 2027F |
6.1.3 India IoT(Internet of Things) in Oil and Gas Market Revenues & Volume, By Sensing, 2018 - 2027F |
6.1.4 India IoT(Internet of Things) in Oil and Gas Market Revenues & Volume, By Communication, 2018 - 2027F |
6.1.5 India IoT(Internet of Things) in Oil and Gas Market Revenues & Volume, By Cloud and Edge Computing, 2018 - 2027F |
6.1.6 India IoT(Internet of Things) in Oil and Gas Market Revenues & Volume, By Data Management, 2018 - 2027F |
6.2 India IoT(Internet of Things) in Oil and Gas Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India IoT(Internet of Things) in Oil and Gas Market Revenues & Volume, By Fleet and Asset Management, 2018 - 2027F |
6.2.3 India IoT(Internet of Things) in Oil and Gas Market Revenues & Volume, By Preventive Maintenance, 2018 - 2027F |
6.2.4 India IoT(Internet of Things) in Oil and Gas Market Revenues & Volume, By Security Management, 2018 - 2027F |
6.2.5 India IoT(Internet of Things) in Oil and Gas Market Revenues & Volume, By Pipeline Monitoring, 2018 - 2027F |
6.2.6 India IoT(Internet of Things) in Oil and Gas Market Revenues & Volume, By Others, 2018 - 2027F |
6.3 India IoT(Internet of Things) in Oil and Gas Market, By Industry Stream |
6.3.1 Overview and Analysis |
6.3.2 India IoT(Internet of Things) in Oil and Gas Market Revenues & Volume, By Upstream, 2018 - 2027F |
6.3.3 India IoT(Internet of Things) in Oil and Gas Market Revenues & Volume, By Midstream, 2018 - 2027F |
6.3.4 India IoT(Internet of Things) in Oil and Gas Market Revenues & Volume, By Downstream, 2018 - 2027F |
7 India IoT(Internet of Things) in Oil and Gas Market Import-Export Trade Statistics |
7.1 India IoT(Internet of Things) in Oil and Gas Market Export to Major Countries |
7.2 India IoT(Internet of Things) in Oil and Gas Market Imports from Major Countries |
8 India IoT(Internet of Things) in Oil and Gas Market Key Performance Indicators |
9 India IoT(Internet of Things) in Oil and Gas Market - Opportunity Assessment |
9.1 India IoT(Internet of Things) in Oil and Gas Market Opportunity Assessment, By Solution, 2020 & 2027F |
9.2 India IoT(Internet of Things) in Oil and Gas Market Opportunity Assessment, By Application, 2020 & 2027F |
9.3 India IoT(Internet of Things) in Oil and Gas Market Opportunity Assessment, By Industry Stream, 2020 & 2027F |
10 India IoT(Internet of Things) in Oil and Gas Market - Competitive Landscape |
10.1 India IoT(Internet of Things) in Oil and Gas Market Revenue Share, By Companies, 2020 |
10.2 India IoT(Internet of Things) in Oil and Gas Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |