Synopsis:
At a pivotal time for the oil and gas industry, wireless sensor networks (WSN) are connecting stranded assets, streamlining operations and reducing deployment costs.
WSNs have enabled remote monitoring from offshore platforms, battery-less sensors in Arctic oilfields, pipeline leak monitoring in South Africa, wireless seismic sensors and continuous monitoring for stripper wells. Oil and gas WSN advances continue today with multiprotocol wireless mesh devices, passive sensors, wireless MEMs and Low Power Wide Area (LPWA) networks that provide a new generation of solutions for connecting assets in remote locations as well as enabling exploration projects to go deeper in challenging environments.
Operating on increasingly thin margins and focused on maximizing output from existing resources, oil and gas companies are adopting wireless sensor instruments that provide up to 80% infrastructure savings compared with wired options. As oil prices continue to rise and exploration activity increases, WSN adoption is steadily growing for core applications such as wellhead automation and pipeline compressor/pump station monitoring as well as growing innovations for asset management, worker safety and environmental monitoring.
In 2023, global WSN revenues for oil and gas exploration, production and pipeline operation will reach $2.2 billion up from $480 million in 2017. Production will make up 60% of the revenues by this time, including wellhead automation, asset/equipment monitoring applications, asset tracking and locating, as well as safety and environmental applications.
This report is based on input from 100+ individuals across the whole oil and gas value chain. It also includes an extensive survey conducted by ON World in collaboration with the International Society of Automation (ISA) and the LoRa Alliance.
In this report-- our 6th edition-- we present the key survey findings; 6-year market size forecasts by market, application, product segment, geography and technology; as well as a standards/technology review and competitive analysis of 90+ companies with oil and gas IoT products and services. |
Primary Research:
100+ phone/online surveys including:
End Users/Services
Oil and gas producers, pipeline operators, oil services providers, systems integrators and industry alliances
Vendors/Experts
Industrial automation, WSN and SCADA equipment vendors, software platform providers, component suppliers and industry experts
Executive Summary:
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"oil and gas"
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