Global 5G in Oil Gas Market - Perspectiva e Previsão 2023-2030
- Relatório de mercado
- EU IA: HTL015GA
- Prazo de entrega: 1 Dia de negócios
- Marcação: 5G in Oil Gas
Visão geral do mercado
The global 5G in oil and gas market is projected to exceed USD 4.38 bilhão em 2023 and is expected to reach USD 27.48 bilhão por 2030, crescendo em um CAGR de 30% de 2023 para 2030. In the oil and gas sector, 5G technology has gained significant importance. Operational activities in this industry face challenges due to extreme weather conditions and environmental factors. These challenges include low network latency, cybersecurity risks, and managing networks in remote locations. Strong communication technology is required to address these challenges, and 5G is one of the leading technologies that effectively solves these issues. With its ultra-high speed and low latency, 5G facilitates communication between production sites and vessels. The increased use of 5G-enabled systems like drones, robotics, and artificial intelligence (AI) enhances operational efficiency, driving the adoption of 5G in the oil and gas sector.
5G offers several key advantages, including streamlining operational activities, managing competition from renewable resources, reducing costs to improve margins, enabling timely maintenance and preventing equipment failure, and increasing operational efficiency by minimizing downtime through unmanned operations. The robust connectivity and smooth communication provided by the 5G network are essential for daily operational activities in the industry.
Tipo de Produto | Relatório de mercado |
---|---|
Não. de páginas | 267 |
Data de lançamento | January 2023 |
Ano base | 2022 |
Período de previsão | 2023-2030 |
Tamanho do mercado | USD 4.4 bilhão em 2021 |
Segmentos de mercado | Spectrum, Aplicativo, e Geografia |
Região | Global |
Não. das empresas mencionadas | 12 |
Industry 4.0 plays a crucial role in the production and manufacturing processes. The utility sector is an integral part of the new industrial revolution era, and incorporating Industry 4.0 is necessary for the sector’s advancements. Oil and gas companies worldwide are also embracing Industry 4.0 in their daily operations, particularly in the upstream sector. This incorporation helps them stay relevant in the market amidst increasing competition from renewable energy sources, electric vehicles, and new hydrocarbon sources. Industry 4.0 enables unmanned drilling operations, predictive maintenance, and asset management. Adapting services and solutions to evolving industry practices will be key to future growth.
Digital transformation techniques are being proactively implemented by oil and gas companies, contributing to the growth of the 5G in oil and gas market. Advancements in automation processes, sensing technologies, and data analytics drive these developments. Digitization in the oilfield, or digital oilfield, integrates business processes with technologies such as IoT, AI, augmented reality, virtual reality, digital twins, and cloud systems. Real-time data collection from various sensors improves operational efficiency in oil and gas fields.
The adoption of 5G-related digital technologies in the oil and gas sector may be impacted by the increasing prominence of renewable energy sources. Government policies encouraging renewable energy production and the need to mitigate climate change effects have led to reduced dependency on fossil fuels. As a result, oil and gas activities are expected to decrease, potentially affecting the adoption of 5G in the industry. Sustainability initiatives and reduced reliance on oil and gas could have an impact on the growth of the 5G in oil and gas market.
Segmentação de mercado
O mercado é segmentado com base em vários fatores, including spectrum, aplicativo, e geografia.
Segmentation by Spectrum:
High-Band
Low-Band
Mid-Band
Segmentação por Aplicativo:
Upstream
Midstream
Downstream
Segmentação por Geografia
NÓS
Europe -UK, Itália, Noruega, Rússia
China
Arábia Saudita
Rest of the World – Canadá, Índia, Brasil, México, Venezuela
The global 5G in oil and gas market can be divided into three segments based on application: downstream, upstream, and midstream. Among these segments, the upstream industry holds the largest share and is projected to reach USD 13.50 bilhão por 2030. This segment involves crucial activities such as surveying, exploration, extração, and pre-processing of crude oil and gas. Various digital technologies including IoT, AI, Big Data, and cloud computing have been integrated into all stages of oil and gas development.
The midstream sector is another important stage in the overall oil and gas industry, encompassing activities like processing, storing, and transporting oil and natural gas. The global midstream 5G in oil and gas market is expected to reach USD 0.88 bilhão em 2023. Digital technologies used in this segment enable companies to safely transport oil and gas products by tracking their location using sensors, preventing incidents, and reducing manual checks.
The mid-band spectrum is the largest segment in the 5G in oil and gas market, accounting for a 64.00% share. This spectrum is ideal for ultra-high-speed applications with low latency requirements. Its dominance is due to advantages such as the ability to transmit large amounts of data over long distances. Bridging the broadband speed and connectivity gap between rural and urban areas is essential. Evolving technologies like Multiple Input, Multiple Output (MIMO), Advanced Antenna Systems (AAS), and beamforming support the use of the mid-band spectrum.
China currently holds the largest share of the global 5G in oil and gas market and is growing at a CAGR of 24.39% durante o período de previsão. The country is a major contributor to the adoption and establishment of 5G technologies worldwide. Digital transformation has become crucial for organizations to remain competitive, and Chinese oil and gas companies are adopting AI-based solutions, predictive maintenance, and other technologies to gain an edge. China is a leader in 5G technology, with a significant number of 5G base stations. Government support for digitization in both rural and urban areas and the industry further promotes market growth.
Following China, the United States is expected to hold the second-largest share (22.00%) of the global 5G in oil and gas market by revenue in 2023. The growth is supported by a highly skilled labor force, advanced technology, and the presence of major oil and gas companies such as ExxonMobil, Shell, and Chevron Corporation. These companies are embracing digital technology in their operations, which will contribute to market growth in the US. No entanto, the strict control of the FCC over 5G network licenses and spectrum allocation has resulted in slower adoption of the 5G network.
Cenário competitivo
Prominent enterprises in the global 5G in oil and gas market include Huawei (China), Hitachi Energy (Suíça), Nokia (Finlândia), and Ericsson (Suécia), entre outros. These companies cater to the global industry by providing 5G, routing, and other relevant technologies. To bolster their revenues in the 5G in oil and gas market, these key players have implemented strategies such as expansion, aquisições, new product development, joint ventures, and more. No entanto, the number of vendors offering 5G services specifically tailored for the oil and gas industry is limited. This presents an opportunity for local and regional telecommunication and network technology firms to capitalize on their 5G networks within the oil and gas sector.
Além disso, the competitive landscape in the global 5G in oil and gas market is becoming increasingly intense, and the rapidly evolving technological environment can have adverse effects on companies as customers expect continuous innovation and upgrades. The market is consolidated, with only a few players delivering highly functional 5G networks for the oil and gas industry. Consequentemente, the structure of the 5G in oil and gas market resembles an oligopoly, characterized by a small number of dominant players exerting significant influence. Vendors are now concentrating on enhancing their portfolios to drive growth. They actively invest in research and development and collaborate with stakeholders to gain valuable insights and foster revenue expansion.
Key companies profiled in this report include Athonet, Cisco, Ericsson, Hitachi Energy, Huawei, Niral Network, Nokia, Sierra Wireless, Alibaba Cloud, Fuze, Google (Google Cloud), Intrado, Microsoft (Microsoft Azure), NTT, Qualcomm, Samsung, Sateliot, Verizon, Windstream, ZTE.
Principais perguntas respondidas
How large is the 5G in the oil and gas market?
The global market size for 5G in the oil and gas industry is projected to exceed USD 4.38 bilhão em 2023 and is expected to reach USD 27.48 bilhão por 2030. The market dynamics are influenced by several important trends, including the extensive features of 5G such as high speed, low latency, innovation, tecnologia, and digital transformation.
Which region dominates the global 5G in the oil and gas market?
China is expected to dominate the global 5G in the oil and gas market in 2023, accounting for approximately 50% of the market share. This growth in demand is attributed to the gradual deployment of the 5G network in various industries, focusing on reducing the total cost of ownership and overall maintenance costs.
Who are the key players in the global 5G in the oil and gas market?
The key players in the global 5G in the oil and gas market are Athonet, Cisco, Ericsson, Hitachi Energy, Huawei, Niral Network, Nokia, and Sierra Wireless.
What is the growth rate of the global 5G in the oil and gas market?
The global market share for 5G in the oil and gas industry is expected to grow at a compound annual growth rate (CAGR) de 30% de 2023 para 2030.
What are the key driving factors in the 5G in the oil and gas market?
The key driving factors in the 5G in the oil and gas market include recent developments in 5G technology to cope with challenging operating environments, increasing adoption of digitization in the oilfield, the use of artificial intelligence to enhance operational capabilities in the oil and gas industry, and the adoption of enhanced oil recovery (EOR) techniques.
USD 4,200 O preço original era: USD 4,200.USD 2,520O preço atual é: USD 2,520.