Scada systems offer improved value proposition
An
ARC Advisory Group product story
Edited by the Engineeringtalk editorial team
Mar 25, 2005
The worldwide Scada systems market for oil and gas and water and wastewater industries will reach almost $900 million by the end of 2009, according to a newly revised study.
The worldwide Scada systems market for oil and gas and water and wastewater industries, which exceeded $700 million in 2004, will reach almost $900 million by the end of 2009, growing at a CAGR approaching 5%, according to a newly revised study by ARC Advisory Group: "Scada systems for oil and gas and water and wastewater industries worldwide outlook market analysis and forecast through 2009".
"The underlying technology that enables traditional Scada functionality is changing dramatically".
"Emerging technology is enabling Scada systems to be tightly integrated to the domain of business processes, creating an improved value proposition for its usage", according to Russ Novak, ARC Research Director, and author of the study.
Novak continued: "Scada systems bring improved performance to geographically dispersed assets and provide a framework for real-time performance management on a global basis".
"Emerging capabilities of Scada systems will allow its utilisation for additional classes of assets across a wider array of vertical industries including oil and gas and water and wastewater".
Continuing demand for additional energy sources is driving the creation of exploration and production assets that will use Scada technology as part of production and reservoir management.
Scada serves as the prime link in the integration of the upstream digital oilfield portion of the business with other segments of the energy industry.
The latest Scada systems encompass a new generation of technology and improved functionality and are now being integrated with IT systems.
Scada are now being used for a wide range of applications and business processes for a variety of purposes, including an extended supply chain model of the oil and gas industry linking upstream, midstream, and downstream portions.
Owners of pipelines are seeing the emergence of pipeline operations management solutions to leverage investments in existing hardware and systems to improve the bottom line with minimal capital.
Application software is packaged such that modules can be applied for specific targeted aspects of operational improvements.
Examples include network optimisation, online meter, batch tracking and scheduling, nomination tracking and leak detection.
Expansion of LNG facilities and increased terminal management needs are additional growth factors for increased Scada usage.
Many regulations, both in the USA and overseas, related to environmental and safety issues are driving growth in Scada revenues.
In the USA, for example, Sarbanes-Oxley requires reported data is accurate and visible as it is efficiently transmitted up the corporate ranks.
Pipeline integrity legislation has been passed requiring additional monitoring of physical assets.
Additional leak detection standards have been enacted that require additional measurement and monitoring of line conditions.
Custody transfer issues further fuel growth of Scada systems in the oil and gas industry.
In the face of any new regulations, users may find it more viable to replace an older Scada system than to upgrade it.
New regulations aimed at security issues, such as the rapid detection of toxicity, are putting demands on the water and wastewater industry.
As remote sensor detection technology evolves, Scada systems must expand to link this information in real-time.
In the USA, the EPA has structured the Environmental Technology Verification (ETV) programme.
Europe has enacted environmental regulations and programmes such as AMP4 that will increase water and wastewater activity as well.
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