(MENAFN – GetNews) Oilfield Communications Market by Component, Communication Network (VSAT Communication Network, Fiber Optic Communication Network, Microwave Communication Network), Field Site, Application, and Region – Global Forecast to 2025
The global oilfield communications market size will grow from $ 3.4 billion in 2020 to $ 4.5 billion by 2025, at a compound annual growth rate (CAGR) of 5.5% over the course of the year. forecast period. Various factors such as increasing technological advancements for better communication between oil fields, increasing investment in improving network infrastructure and increasing demand from oil and gas operators to expand are expected. Production from mature oilfields and reservoirs is expected to drive the uptake of the oilfield communications market.
Microwave Communication Network Segment Will Grow At Highest CAGR During Forecast Period
The oilfield communications market by communications network has been segmented into VSAT communications network, TETRA network, cellular communications network, fiber optic communications network, and microwave communications network. The microwave communication networks segment is expected to grow at a rapid rate during the forecast period. This growth can be attributed to its ability to operate without any fiber optic infrastructure and the relative ease of setting up a wireless network.
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Mid-Range Applications Segment To Grow At Highest CAGR During Forecast Period
The oilfield communications market is segmented on the basis of its upstream, downstream and upstream application. Since onshore sites need periodic inspections to get early detection of events that could cause pipeline failure or create hazardous conditions, it is important to protect these pipelines from leaks and corrosion to protect the pipeline. environment and protect the public against the appearance of any danger. state. This leads to the adoption of communication solutions for oilfields for onshore field sites.
Oilfield communications require reliable and resilient high-capacity wireless networks that operate over large areas under extreme environmental conditions. A single network must simultaneously support a range of fixed and mobile oil and gas (E&P) exploration and production applications, such as supervisory control and data acquisition (SCADA), video streams real-time and surveillance, security and surveillance systems, drilling rig communications and diagnostics, asset tracking, field staff connectivity and voice. Oilfield communications is defined as the technology used to collect data and information from field sites and transmit it through communication networks as required by the oil and gas industry.
Some of the major players operating in the oilfield communications market include Huawei (China), Siemens (Germany), Hitachi ABB Power Grids (Switzerland), Speedcast (Australia), Weatherford (US), Ceragon (US) , RigNet (United States), Hughes (United States), Redline Communications (Canada), MR Control Systems (Canada), Tait Communications (New Zealand), Honeywell (United States), Intel (United States), GE Digital (US), PTC (US), Commtel (India), MoStar Communications (US), DAMM Cellular Systems (Denmark), BlueJeans (US), Nesh (US), Sensia (United States), Ondaka (United States), Sensalytx (United Kingdom) and WellAware (United States). These oilfield communications providers have adopted various organic and inorganic strategies to maintain their positions and increase their market share in the global oilfield communications market.
Huawei was founded in 1987 and is headquartered in Guangdong, China. The company is one of the largest manufacturers of telecommunications equipment and providers of information and communication technology (ICT) services and solutions in the world. It serves more than 170 countries and regions and has 188,000 employees around the world. The company offers its business solutions to industries including government and public, finance, energy, media and entertainment, education, retail, oil and gas, manufacturing, hospitality and health. It operates in three main business segments: consumer activities, transport companies and businesses. The company has a competitive ICT portfolio, providing end-to-end business solutions. It also offers a wide range of products and solutions, including cloud computing, long-term enterprise broadband links (eLTE), eLTE broadband access, enterprise cloud communication and routers. The company has a geographic presence in North America, Europe, APAC region, MEA and Latin America. In April 2020, Huawei Cloud announced its action plan to help customers around the world fight COVID-19 with cloud and AI services. As part of this international plan, Huawei Cloud will provide free AI and cloud services and recruit partners around the world to help fight this pandemic together.
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Siemens was founded in 1847 and is headquartered in Munich, Germany. It is a technology company whose main activities include electrification, automation and digitalization. The company provides products and solutions to various industry verticals, such as aerospace, automotive, battery manufacturing, chemical industry, cement, cranes, data centers, distributors , fiber industry, food and beverage, glass, machine and plant construction, marine, mining, municipalities and distribution network operators (GRD), oil and gas, construction of panels, pharmaceutical industry, electric utilities, transport and logistics of the tire and water industry. Siemens has various segments, such as electricity and gas, wind power and renewables, energy management, building technologies, mobility, digital factory, process industries and drives , healthcare professionals and financial services. In addition, in May 2020, Siemens spin-off Gas and Power business and approximately its 67% stake held by the Siemens group in the listed company Siemens Gamesa Renewable Energy, SA (SGRE SA) Hereinafter, after spin-off Ci – afterwards, the activity of SGRE (“SGRE Business”) and the company Siemens Gas and Power will be jointly referred to as Siemens Energy Business. The company has a strong presence in over 200 countries and generates financial income in regions such as Europe, Commonwealth of Independent States (CIS), Africa, Middle East, Asia, Australia and Americas.
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