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Market Research Report

North America IoT in Oil & Gas Market, By Industry Stream, By Solution, By Application, Competition, Forecast & Opportunities, 2025

Published by TechSci Research Product code 949967
Published Content info 82 Pages
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North America IoT in Oil & Gas Market, By Industry Stream, By Solution, By Application, Competition, Forecast & Opportunities, 2025
Published: July 1, 2020 Content info: 82 Pages
Description

Title:
North America IoT in Oil & Gas Market, By Industry Stream (Upstream, Downstream, Midstream), By Solution (Sensor system, Communication Networks, Data Management, Others), By Application (Fleet & Asset Management, Preventive Maintenance, Pipeline Monitoring, Security Monitoring, Others), Competition, Forecast & Opportunities, 2025 .

North America IoT in oil & gas market is forecast to grow at a CAGR of around 12% during 2021-2025. IoT adoption in oil & gas allows in improving safety and while increasing profits at the same time. IoT will allow the industry to digitize, optimize, and automate processes that were previously disconnected, which would save time, money, besides increasing safety. Fluctuations in the oil prices and the digitization boom in the oil & gas industry are anticipated to drive North America IoT in oil & gas market over the coming years. Additionally, widespread implementation of the cloud-based software systems is further forecast to fuel the market on account of reduced security risks and increasing production capabilities.

North America IoT in oil & gas market is segmented based on industry stream, solution, application, company, and country. Based on application, the market can be segmented into fleet & asset management, preventive maintenance, pipeline monitoring, security monitoring and others. The preventive maintenance segment is expected to witness significant growth during the forecast period since by utilizing IoT and creating a maintenance strategy, oil & gas companies can track deteriorated parts and equipment with higher possibility of diagnosing a problem remotely through preventive maintenance.

Major players operating in the North America IoT in oil & gas market include C3 IoT, Inc., Cisco Systems, Inc., Equinor US Holding Inc, ABB Ltd., General Electric Company, Honeywell International Inc., Intel Corporation, International Business Machines Corporation (IBM), Microsoft Corporation, Rockwell Automation Inc. and others. Market players are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions.

Years considered for this report:

Historical Years: 2015-2018

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2021-2025

Objective of the Study:

  • To analyze and forecast the market size of North America IoT in oil & gas market.
  • To classify and forecast North America IoT in oil & gas market based on industry stream, solution, application, company and country distribution.
  • To identify drivers and challenges for North America IoT in oil & gas market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in North America IoT in oil & gas market.
  • To conduct pricing analysis for North America IoT in oil & gas market.
  • To identify and analyze the profile of leading players operating in North America IoT in oil & gas market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the region. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, distribution channels and presence of all major players across the region.

TechSci Research calculated the market size of North America IoT in oil & gas market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • IoT in oil & gas service providers, vendors and other stakeholders
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to IoT in oil & gas
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, vendors and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, North America IoT in oil & gas market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Industry Stream:

Upstream

Downstream

Midstream

  • Market, By Solution:

Sensor System

Communication Networks

Data Management

Others

  • Market, By Application:

Fleet & Asset Management

Preventive Maintenance

Pipeline Monitoring

Security Monitoring

Others

  • Market, By Country:

United States

Canada

Mexico

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in North America IoT in oil & gas market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Table of Contents
Product Code: 4339

Table of Contents

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer

5. North America IoT in Oil & Gas Market Outlook

  • 5.1. Market Size & Forecast
    • 5.1.1. By Value
  • 5.2. Market Share & Forecast
    • 5.2.1. By Industry Stream (Upstream, Downstream, Midstream)
    • 5.2.2. By Solution (Sensor system, Communication Networks, Data Management, Others)
    • 5.2.3. By Application (Fleet & Asset Management, Preventive Maintenance, Pipeline Monitoring, Security Monitoring, Others)
    • 5.2.4. By Company
    • 5.2.5. By Region
  • 5.3. Product Market Map
  • 5.4. North America: Country Analysis
    • 5.4.1. United States IoT in Oil & Gas Market Outlook
      • 5.4.1.1. Market Size & Forecast
        • 5.4.1.1.1. By Value
      • 5.4.1.2. Market Share & Forecast
        • 5.4.1.2.1. By Industry Stream
        • 5.4.1.2.2. By Solution
        • 5.4.1.2.3. By Application
    • 5.4.2. Canada IoT in Oil & Gas Market Outlook
      • 5.4.2.1. Market Size & Forecast
        • 5.4.2.1.1. By Value
      • 5.4.2.2. Market Share & Forecast
        • 5.4.2.2.1. By Industry Stream
        • 5.4.2.2.2. By Solution
        • 5.4.2.2.3. By Application
    • 5.4.3. Mexico IoT in Oil & Gas Market Outlook
      • 5.4.3.1. Market Size & Forecast
        • 5.4.3.1.1. By Value
      • 5.4.3.2. Market Share & Forecast
        • 5.4.3.2.1. By Industry Stream
        • 5.4.3.2.2. By Solution
        • 5.4.3.2.3. By Application

6. Market Dynamics

  • 6.1. Drivers
  • 6.2. Challenges

7. Policy & Regulatory Landscape

8. Market Trends & Developments

9. Competitive Landscape

  • 9.1. Competition Outlook
  • 9.2. Company Profiles
  • 9.3. Regional Players Profiled (Leading Companies)
    • 9.3.1. C3 IoT, Inc.
    • 9.3.2. Cisco Systems, Inc.
    • 9.3.3. Equinor US Holding Inc
    • 9.3.4. ABB Ltd.
    • 9.3.5. General Electric Company
    • 9.3.6. Honeywell International Inc.
    • 9.3.7. Intel Corporation
    • 9.3.8. International Business Machines Corporation (IBM)
    • 9.3.9. Microsoft Corporation
    • 9.3.10. Rockwell Automation Inc.

10. Strategic Recommendations

(Note: The companies list can be customized based on the client requirements.)

List of Figures

  • Figure 1: North America IoT in Oil & Gas Market Size, By Value, 2015-2025F (USD Billion)
  • Figure 2: North America IoT in Oil & Gas Market Share, By Industry Stream, By Value, 2015-2025F
  • Figure 3: North America IoT in Oil & Gas Market Share, By Solution, By Value, 2015-2025F
  • Figure 4: North America IoT in Oil & Gas Market Share, By Application, By Value, 2015-2025F
  • Figure 5: North America IoT in Oil & Gas Market Share, By Country, By Value, 2019 & 2025
  • Figure 6: North America Industry Stream Map on the Basis of Market Size (USD Billion) & Growth Rate (%), 2019
  • Figure 7: North America Solution Map on the Basis of Market Size (USD Billion) & Growth Rate (%), 2019
  • Figure 8: North America Application Map on the Basis of Market Size (USD Billion) & Growth Rate (%), 2019
  • Figure 9: Country Map on the Basis of Market Size (USD Billion) & Growth Rate (%), 2019
  • Figure 10: United States IoT in Oil & Gas Market Size, By Value, 2015-2025F (USD Billion)
  • Figure 11: United States IoT in Oil & Gas Market Share, By Industry Stream, By Value, 2015-2025F
  • Figure 12: United States IoT in Oil & Gas Market Share, By Solution, By Value, 2015-2025F
  • Figure 13: United States IoT in Oil & Gas Market Share, By Application, By Value, 2015-2025F
  • Figure 14: Canada IoT in Oil & Gas Market Size, By Value, 2015-2025F (USD Billion)
  • Figure 15: Canada IoT in Oil & Gas Market Share, By Industry Stream, By Value, 2015-2025F
  • Figure 16: Canada IoT in Oil & Gas Market Share, By Solution, By Value, 2015-2025F
  • Figure 17: Canada IoT in Oil & Gas Market Share, By Application, By Value, 2015-2025F
  • Figure 18: Mexico IoT in Oil & Gas Market Size, By Value, 2015-2025F (USD Billion)
  • Figure 19: Mexico IoT in Oil & Gas Market Share, By Industry Stream, By Value, 2015-2025F
  • Figure 20: Mexico IoT in Oil & Gas Market Share, By Solution, By Value, 2015-2025F
  • Figure 21: Mexico IoT in Oil & Gas Market Share, By Application, By Value, 2015-2025F
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