Global Internet of Things (IOT) In Oil and Gas (O&G) Market - Analysis And Forecast: 2017-2026 (Focus on: IoT solutions such as platforms and analytics, Applications such as Upstream, Midstream and Downstream)

  • ID: 4375382
  • Report
  • Region: Global
  • 178 pages
  • BIS Research
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Global IoT in Oil and Gas Market to Reach $30.57 Billion by 2026

FEATURED COMPANIES

  • ABB Ltd.
  • C3 IoT
  • Cisco Systems
  • Eurotech SpA
  • Intel Corporation
  • Microsoft Corporation
  • MORE

Owing to low rate of demand of crude oil globally as compared to supply, prices of crude oil have stepped down by more than 50% since 2014. Several factors such as growth in electric vehicles, increased production of shale oil in the U.S., low demand rate in China, and the prospect of increased supply from Iran after lifting of the global sanctions, among others, indicates that the prices of crude oil is expected to not gain considerable momentum over the next decade. Due to this, revenue of the global top five major oil and gas companies decreased by approximately 15% on an average in 2016 as compared to 2015. This has compelled the oil and gas industry to maximize their operational efficiency, productivity, and improve asset portfolio to remain competitive in the market. This has led to increased investments by oil and gas industries to integrate IoT products, solutions and services as a part of business operations.

The report titled “Global IoT in Oil and Gas Market” provides an in-depth analysis of the key development strategies and market trend dynamics which includes drivers, challenges, and opportunities prevailing in both the industries. Moreover, value chain analysis, consortiums, and patents have also been included in the report. Key development strategies adopted by IoT solution providers, distributors, and service providers have also been included in the report. Key regulations with respect to oil and gas industry have also been considered in the report because of the compliance requirements which is expected to promote the use of IoT solutions.

Adoption of IoT solutions is at a nascent stage in oil and gas industry. Therefore, IoT in oil and gas market estimation has been built on detailed assumptions and limitations. The market has been estimated on the basis of different types of IoT solutions, their uses across different applications of oil and gas industry, and geographical analysis.

The report profiles 23 organizations across different geographies on the basis of manufacturers and IoT solution providers working across the IoT industry and providing their offerings to oil and gas industry.

Key questions answered in the report:

  • What was the size, in terms of revenue, of IoT in O&G market in 2016, and growth rate during the forecast period, 2017-2026?
  • What are different types of IoT solutions used in oil and gas industry globally and their sub segments?
  • What was the market value of IoT for different applications of oil and gas in 2016, on the basis of upstream, midstream and downstream?
  • What is the market size of IoT solutions in oil and gas industry on the basis of different geographical regions?
  • What are the key trends opportunities in global IoT in O&G market, pertaining to different applications?
  • What are the major driving forces that tend to increase the demand of IoT in O&G during the forecast period?
  • What are the major challenges inhibiting the growth of the global IoT in oil and gas market?
  • What is the percentage of market share of IoT players in oil and gas industry for 2016?
  • What kind of new strategies are being adopted by existing market players to make a mark in the industry?
  • Which segment of value chain has high opportunity where investors can invest and make significant profitable margins?
  • How attractive is the market for different stakeholders present in the market by using Porter’s Five Forces model?
  • Who are the key market players in the market, along with company profiles, their business financials, company snapshots, key products & services, major developments, SWOT analysis and future programs (if any)?
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FEATURED COMPANIES

  • ABB Ltd.
  • C3 IoT
  • Cisco Systems
  • Eurotech SpA
  • Intel Corporation
  • Microsoft Corporation
  • MORE

Executive Summary

1 Research Scope and Methodology
1.1 Scope of the Report
1.2 Global IoT in oil and gas Industry Research Methodology
1.2.1 Primary Data Sources
1.2.2 Secondary Data Sources
1.3 Assumptions and Limitations for Market Estimation and Forecasting
1.3.1 Assumptions
1.3.2 Limitations

2 Market Dynamics
2.1 Market Drivers
2.1.1 Increasing Operational Efficiency Amidst Declining Oil Prices
2.1.2 Increasing Cyber-Attacks Leveraging the Information and Communication Technology (ICT) Spending by Oil and Gas Industry
2.1.3 Shortage of Skilled Labor
2.2 Market Challenges
2.2.1 Privacy and Security Concerns
2.2.2 Lack of Awareness and IoT Complexities in Operations
2.2.3 Deficit of Resources with Technical Expertise
2.3 Market Opportunities
2.3.1 Introduction of Next Generation Sensors, Edge Computing Devices and Software to Oil and Gas Industry
2.3.2 Growth Opportunity for IoT Analytics Market Players

3 Competitive Insights
3.1 Key Market Strategies and Developments
3.1.1 Mergers and Acquisitions
3.1.2 Contracts, Collaborations, Partnerships, and Agreements
3.1.3 Product Launches and Development
3.1.4 Awards
3.2 Market Share Analysis

4 Industry Attractiveness

5 Industry Analysis
5.1 Regulatory Bodies/Acts
5.2 Associations/Consortiums/Alliances
5.3 Patent Analysis
5.4 Supply and Value Chain Analysis
6 Global IoT in Oil and Gas, Analysis & Forecast (2016-2026)
6.1 Assumptions and Limitations for Analysis and Forecast of the Global IoT in Oil and Gas
6.2 Market Overview

7 Global IoT in oil and gas Industry by Solutions
7.1 Platforms
7.1.1 IoT Platform by Product Type
7.1.2 IoT Platform by Application Type
7.1.3 IoT Platform by Region
7.2 Analytics
7.2.1 IoT Analytics by Product Type
7.2.2 IoT Analytics by Application Type
7.2.3 IoT Analytics by Region

8 Global IoT in oil and gas Industry by Application
8.1 Upstream
8.1.1 IoT in Upstream by Product Type
8.1.2 IoT in Upstream by Platform
8.1.3 IoT in Upstream by Analytics Type
8.1.4 IoT in Upstream by Region
8.2 Midstream
8.2.1 IoT in Midstream by Platform Type
8.2.2 IoT in Midstream by Analytics Type
8.2.3 IoT in Midstream by Region
8.3 Downstream
8.3.1 IoT in Downstream by Platform Type
8.3.2 IoT in Downstream by Analytics Type
8.3.3 IoT in Downstream by Region

9 Global IoT in oil and gas Industry by Region
9.1 North America
9.1.1 IoT in North America by Product Type
9.1.2 IoT in North America by Application Type
9.2 Europe
9.2.1 IoT in Europe by Product Type
9.2.2 IoT in Europe by Application Type
9.3 Asia Pacific
9.3.1 IoT in Asia Pacific by Product Type
9.3.2 IoT in Asia Pacific by Application Type
9.4 Rest of the World (RoW)
9.4.1 IoT in RoW by Product Type
9.4.2 IoT in RoW by Application Type

10 Company Profiles
10.1 ABB Ltd.
10.1.1 Overview
10.1.2 Financials
10.1.2.1 Financial Summary
10.1.3 SWOT Analysis
10.2 AGT International
10.2.1 Overview
10.3 C3 IoT
10.3.1 Overview
10.3.2 Corporate Summary
10.3.3 SWOT Analysis
10.4 Carriots S.L.
10.4.1 Company Overview
10.5 Cisco Systems
10.5.1 Overview
10.5.2 Financials
10.5.2.1 Financial Summary
10.5.3 SWOT Analysis
10.6 Davra Networks
10.6.1 Company Overview
10.7 Eurotech SpA
10.7.1 Overview
10.7.2 Financials
10.7.2.1 Financial summary
10.7.3 SWOT Analysis
10.8 General Electric Company
10.8.1 Company Overview
10.8.2 Financials
10.8.2.1 Financial Summary
10.8.3 SWOT Analysis
10.9 Honeywell International Inc.
10.9.1 Company Overview
10.9.2 Financials
10.9.2.1 Financial Summary
10.9.3 SWOT Analysis
10.10 International Business Machines Corporation
10.10.1 Overview
10.10.2 Financials
10.10.2.1 Financial Summary
10.10.3 SWOT Analysis
10.11 Intel Corporation
10.11.1 Overview
10.11.2 Financials
10.11.2.1 Financial Summary
10.11.3 SWOT Analysis
10.12 Kore Telematics
10.12.1 Overview
10.13 Microsoft Corporation
10.13.1 Overview
10.13.2 Financials
10.13.2.1 Financial Summary
10.13.3 SWOT Analysis
10.14 Numerex Corp.
10.14.1 Overview
10.14.2 Financials
10.14.2.1 Financial summary
10.14.3 SWOT Analysis
10.15 Parametric Technology (PTC)
10.15.1 Overview
10.15.2 Financials
10.15.2.1 Financial Summary
10.15.3 SWOT Analysis
10.16 Pertex Management and Technology Consulting LLC
10.16.1 Overview
10.16.2 Summary
10.17 SAP SE
10.17.1 Overview
10.17.2 Financials
10.17.2.1 Financial Summary
10.17.3 SWOT Analysis
10.18 Schneider Electric
10.18.1 Overview
10.18.2 Financials
10.18.2.1 Financial Summary
10.18.3 SWOT Analysis
10.19 Siemens AG
10.19.1 Overview
10.19.2 Financials
10.19.2.1 Financial Summary
10.19.3 SWOT Analysis
10.20 Telit
10.20.1 Overview
10.20.2 Financials
10.20.2.1 Financial summary
10.20.3 SWOT Analysis
10.21 Wind River
10.21.1 Company Overview

List of Tables
Table 3.1 Mergers and Acquisitions
Table 3.2 Key Contracts, Collaborations, Partnerships, Agreements and Joint Ventures
Table 3.3 Key Product Launches
Table 3.4 Awards Received by Various Organizations
Table 4.1 Analyzing Threat from New Entrants in Global IoT in Oil and Gas Industry
Table 4.2 Analyzing Threat from Substitute Products or Services in Global IoT in Oil and Gas Industry
Table 4.3 Analyzing Bargaining Power of Suppliers in Global IoT in Oil and Gas Industry
Table 4.4 Analyzing Bargaining Power of Buyers in Global IoT in Oil and Gas Industry
Table 4.5 Analyzing Intensity of Competitive Rivalry in Global IoT in Oil and Gas Industry
Table 5.1 Few Regulatory Bodies/Acts
Table 5.2 Privacy Laws in Countries
Table 5.3 Examples of Some Associations/Consortiums
Table 5.4 Examples of Some Recent Patents
Table 5.5 IoT Enabled Value Creation in Oil and Gas Value Chain
Table 7.1 Global IoT in Oil and Gas Market Value, by Product Type, 2016-2023
Table 7.2 Global IoT Platform in Oil and Gas Market Value, by Product Type, 2016-2026
Table 7.3 Global IoT Platforms in Oil and Gas Market Value, by Application Type, 2016-2026
Table 7.4 Global IoT Platforms in Oil and Gas Market Value, by Region, 2016-2026
Table 7.5 Global IoT Analytics in Oil and Gas Market Value, by Product Type, 2016-2026
Table 7.6 Global IoT Analytics in Oil and Gas Market Value, by Application Type, 2016-2026
Table 7.7 Global IoT Analytics in Oil and Gas Market Value, by Region, 2016-2026
Table 8.1 Global IoT in Oil and Gas Market by Application, 2016-2026
Table 8.2 Global IoT in Upstream Oil and Gas Market Value, by Product Type, 2016-2023
Table 8.3 Global IoT in Upstream Oil and Gas Market Value, by Platform, 2016-2026
Table 8.4 Global IoT in Upstream Oil and Gas Market Value, by Analytics, 2016-2026
Table 8.5 Global IoT in Upstream Oil and Gas Market Value, by Region, 2016-2026
Table 8.6 Global IoT in Midstream Oil and Gas Market Value, by Product Type, 2016-2026
Table 8.7 Global IoT in Midstream Oil and Gas Market Value, by Platforms, 2016-2026
Table 8.8 Global IoT in Midstream Oil and Gas Market Value, by Analytics, 2016-2026
Table 8.9 Global IoT in Midstream Oil and Gas Market Value, by Region, 2016-2026
Table 8.10 Global IoT in Downstream Oil and Gas Market Value, by Product, 2016-2026
Table 8.11 Global IoT in Downstream Oil and Gas Market Value, by Platform, 2016-2026
Table 8.12 Global IoT in Downstream Oil and Gas Market Value, by Analytics, 2016-2026
Table 8.13 Global IoT in Downstream Oil and Gas Market Value, by Region, 2016-2026
Table 9.1 Global IoT in Oil and Gas Market Value, by Region, 2016-2026
Table 9.2 North America IoT in Oil and Gas Industry Value, by Product Type: 2016-2026
Table 9.3 North America IoT in Oil and Gas Industry Value, by Application Type: 2016-2026
Table 9.4 Europe IoT in Oil and Gas Industry Value, by Product Type: 2016-2026
Table 9.5 Europe IoT in Oil and Gas Industry Value, by Application Type: 2016-2026
Table 9.6 Asia Pacific IoT in Oil and Gas Industry Value, by Product Type: 2016-2026
Table 9.7 Asia Pacific IoT in Oil and Gas Industry Value, by Application Type: 2016-2026
Table 9.8 RoW IoT in Oil and Gas Industry Value, by Product Type: 2016-2026
Table 9.9 RoW IoT in Oil and Gas Industry Value, by Application Type: 2016-2026

List of Figures
Figure 1 Top Drivers Attracting IoT Investments
Figure 2 Global IoT in Oil and Gas Market Size Snapshot, 2016 & 2023
Figure 3 Market Share by Product Type, 2016-2026
Figure 4 Global IoT in Oil and Gas Market by Application Type Snapshot
Figure 5 Global IoT in Oil and Gas Market Snapshot by Geography, 2016
Figure 1.1 Global IoT in Oil and Gas Industry Scope
Figure 1.2 Research Overview
Figure 1.3 Top Down and Bottom up Approach for Market Estimation
Figure 2.1 Global IoT in Oil and Gas: Market Dynamics
Figure 2.2 Impact Analysis of Market Drivers for IoT in Oil and Gas Market
Figure 2.3 Global Crude Oil Price Trend, Jan 2014-June 2016
Figure 2.4 Natural Gas Price Trend Analysis Across Different Geographies, Jan 2014-June 2016
Figure 2.5 Various Sectors Achieving Operational Efficiency with the Use of IoT Products
Figure 2.6 Workforce of Oil and Gas Industry in Numbers Snapshot
Figure 2.7 Impact Analysis of Market Challenges for IoT in Oil and Gas Market
Figure 2.8 Impact Analysis of Market Opportunities for IoT in Oil and Gas Market
Figure 2.9 Applications of Wireless Sensor Networks across Oil and Gas Industry
Figure 3.1 Percentage Share of Strategies Adopted by the Market Players, 2014-2017
Figure 3.2 Market Share Analysis of Major Companies in IoT for Oil and Gas Industry, by Percentage, 2016
Figure 4.1 Porter’s Five Forces Analysis of Global IoT in Oil and Gas Industry
Figure 5.1 Certain Examples of Regulatory Laws for Oil and Gas Industry
Figure 5.2 Oil and Gas Supply Chain
Figure 5.3 IoT Supply Chain
Figure 5.4 Positive Impact by IoT Usage in Oil and Gas Industry
Figure 6.1 Certain Major Factors Affecting Profitability of Oil and Gas Industry
Figure 6.2 Examples of Critical Requirements of Oil and Gas Industry
Figure 6.3 Potential Digital Technologies in which Oil and Gas Industry Plans to Invest
Figure 6.4 Drivers Likely to Increase Investment for IoT Solutions, by Percentage Share, 2016
Figure 6.5 Global IoT in Oil and Gas Industry Classification
Figure 7.1 Major Drivers of IoT Adoption by Oil and Gas Industry
Figure 7.2 IoT Solutions to Oil and Gas Industry
Figure 7.3 Global IoT in Oil and Gas Market Value, by Product Type, 2016-2023
Figure 7.4 Global IoT Platform in Oil and Gas Market Value, by Product Type, 2016-2026
Figure 7.5 Global IoT Analytics in Oil and Gas Market Value, by Product Type, 2016-2026
Figure 8.1 IoT Solutions Across Applications of Oil and Gas Industry, by Percentage Share, 2016
Figure 8.2 Global IoT Platforms in Oil and Gas Market Value, by Application Type, 2016-2026
Figure 8.3 Opportunities in Upstream phase for IoT Solutions
Figure 8.4 Global IoT in Upstream Oil and Gas Market Value, by Product Type, 2016-2023
Figure 8.5 Global IoT in Upstream Oil and Gas Market Value, by Region, 2016-2026
Figure 8.6 Global IoT in Midstream Oil and Gas Market Value, by Region, 2016-2026
Figure 8.7 Global IoT in Downstream Oil and Gas Market Value, by Region, 2016-2026
Figure 9.1 Global IoT in Oil and Gas Market and Growth Snapshot
Figure 9.2 Global IoT in Oil and Gas Market Value, by Region, 2016-2026
Figure 10.1 ABB Ltd.: Overall Financials (2014–2016)
Figure 10.2 ABB Ltd.: Net Revenue by Region (2014-2016)
Figure 10.3 ABB Ltd.: Net Revenue by Business Segment (2014-2016)
Figure 10.4 ABB Ltd.: SWOT Analysis
Figure 10.5 C3IoT: SWOT Analysis
Figure 10.6 Cisco Systems: Overall Financials (2014-2016)
Figure 10.7 Cisco Systems: Net Revenue by Business Segment (2014-2016)
Figure 10.8 Cisco Systems: Net Revenue by Region (2014-2016)
Figure 10.9 Cisco Systems: SWOT Analysis
Figure 10.10 Eurotech: Overall Financials (2014-2016)
Figure 10.11 Eurotech: Net Revenue by Business Segment (2014-2016)
Figure 10.12 Eurotech: Net Revenue by Region (2014-2016)
Figure 10.13 Eurotech: SWOT Analysis
Figure 10.14 General Electric Company: Overall Financials (2014-2016)
Figure 10.15 General Electric Company: Net Revenue by Business Segment, 2014-2016
Figure 10.16 General Electric Company: Net Revenue by Different Geographies
Figure 10.17 General Electric: SWOT Analysis
Figure 10.18 Honeywell International Inc. – Overall Financials, 2014-2016
Figure 10.19 Honeywell International Inc. – Net Revenue by Business Segment, 2014-2016
Figure 10.20 Honeywell International Inc. – Net Revenue by Different Geographies, 2014-2016
Figure 10.21 Honeywell International Inc. – SWOT Analysis
Figure 10.22 International Business Machines Corporation: Overall Financials (2014–2016)
Figure 10.23 International Business Machines Corporation: Net Revenue, ($Billion), by Business Segment (2015-2016)
Figure 10.24 International Business Machines Corporation: Net Revenue, by Region (2014-2016)
Figure 10.25 International Business Machines Corporation: SWOT Analysis
Figure 10.26 Intel Corporation: Overall Financials (2014–2016)
Figure 10.27 Intel Corporation: Net Revenue by Business Segment (2014-2016)
Figure 10.28 Intel Corporation: Net Revenue by Region (2014-2016)
Figure 10.29 Intel Corporation: SWOT Analysis
Figure 10.30 Microsoft Corporation: Overall Financials (2014–2016)
Figure 10.31 Microsoft Corporation: Net Revenue by Business Segment (2014-2016)
Figure 10.32 Microsoft Corporation: Net Revenue by Region (2014-2016)
Figure 10.33 Microsoft Corporation: SWOT Analysis
Figure 10.34 Numerex: Overall Financials (2014-2016)
Figure 10.35 Numerex: Net Revenue by Business Segment (2014-2016)
Figure 10.36 Numerex: Net Revenue by Region (2014-2016)
Figure 10.37 Numerex: SWOT Analysis
Figure 10.38 PTC: Overall Financials (2014–2016)
Figure 10.39 PTC: Net Revenue by Business Segment (2014-2016)
Figure 10.40 PTC: Net Revenue by Region (2014-2016)
Figure 10.41 PTC: SWOT Analysis
Figure 10.42 SAP SE: Overall Financials (2014–2016)
Figure 10.43 SAP SE: Net Revenue by Business Segment (2014-2016)
Figure 10.44 SAP SE: Net Revenue by Region (2014-2016)
Figure 10.45 SAP SE: SWOT Analysis
Figure 10.46 Schneider Electric: Overall Financials (2014–2016)
Figure 10.47 Schneider Electric: Net Revenue by Region (2014-2016)
Figure 10.48 Schneider Electric: Net Revenue by Business Segment (2014-2016)
Figure 10.49 Schneider Electric: SWOT Analysis
Figure 10.50 Siemens AG: Overall Financials (2014–2016)
Figure 10.51 Siemens AG: Net Revenue by Region (2014-2016)
Figure 10.52 Siemens AG: Net Revenue by Business Segment (2014-2016)
Figure 10.53 Siemens AG: SWOT Analysis
Figure 10.54 Telit: Overall Financials (2014-2016)
Figure 10.55 Telit: Net Revenue by Business Segment (2014-2016)
Figure 10.56 Telit: Net Revenue by Region (2014-2016)
Figure 10.57 Telit: SWOT Analysis

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FEATURED COMPANIES

  • ABB Ltd.
  • C3 IoT
  • Cisco Systems
  • Eurotech SpA
  • Intel Corporation
  • Microsoft Corporation
  • MORE

Prices of crude oil and gas are fluctuating constantly owing to which, the oil and gas industry is currently facing a challenging environment. To predict their future business plan precisely and improve profitability, O&G companies need to improve their operational efficiencies across all the different segments of value chain. This has led to the adoption of IoT solutions by oil and gas industry. In addition to that, factors such as aging infrastructure and manpower will also be a major contributor to the increase in IoT use. Companies such as British Petroleum (BP), Apache Corporation, and Saudi Aramco among others have started leveraging on IoT solutions such as platforms and analytics. Recent numerous partnerships between IoT and O&G companies along with several product launches of IoT solutions for oil and gas industries is a clear indicator that there will be an increase in demand for IoT solutions by O&G industry.

Global IoT in O&G market is anticipated to grow to $30.57 billion by 2026. It is expected to be mainly driven by shortage of skilled labor, increasing number of cyber-attacks, aging infrastructure, and need to increase operational efficiency, which will act as key drivers for the growth of this market.

Analytics accounted for a major market share in comparison to other IoT solution platform in terms of value. It accounted for approximately 76% share in total IoT in O&G market for 2016. Analytics and platforms are expected to witness a high growth rate owing to increase in use of sensors and devices will drive the need for device management and data analytics among others, the oil and gas industry being asset intensive industry with more than half of the infrastructure is aging, and increase in use of new advanced technologies for exploration, among others.

Upstream application held a major share in terms of market value in 2016 among all the mentioned application types.  In the coming future, upstream application is expected to grow owing to the use of advanced technologies during exploration and drilling phase such as hydraulic manufacturing and 3D seismic technologies among others, boom in the U.S. for shale oil production, reduction of capital expenditures on new projects for exploration and drilling and increasing rig uptime among others.
 
North America dominated the global IoT in O&G market in 2016 and accounted for approximately 38% of the global IoT in O&G market. Furthermore, owing to various factors such as growth in production rate of unconventional energy sources such as shale oil and tight oil, among others, recent announcement for expansion of pipelines and offshore shipping to transport oil is expected to drive the midstream market in the U.S., and high level of awareness, knowledge coupled with technical advancements in the region among others. 

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  • ABB Ltd.
  • AGT International
  • C3 IoT
  • Carriots S.L.
  • Cisco Systems
  • Davra Networks
  • Eurotech SpA
  • General Electric Company
  • Honeywell International Inc.
  • Intel Corporation
  • International Business Machines Corporation
  • Kore Telematics
  • Microsoft Corporation
  • Numerex Corp.
  • Parametric Technology (PTC)
  • Pertex Management and Technology Consulting LLC
  • SAP SE
  • Schneider Electric
  • Siemens AG
  • Telit
  • Wind River
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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