Global Oilfield Communications Market 2021 is expected to register a CAGR of 6.72%, during forecast period with Impact of Covid 19 Analysis

Oilfield

Global “Oilfield Communications Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Oilfield Communications in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Oilfield Communications Market report categorizes the market based on manufacturers, regions, type, and application. Oilfield Communications Market reports offer a detailed assessment of the Oilfield Communications including enabling technologies, current market situation, market assumptions, restraining factors.

The Global Oilfield Communications market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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The global oilfield communications market was valued at USD 2.85 billion in 2017, and is expected to reach USD 4.21 billion by 2023 at a CAGR of 6.72% over the forecast period (2018-2023). The market is segmented by solution into M2M communication, asset performance communication, unified communication, VoIP, video conferencing, pipeline scada, fleet management communication, oilfield to control center data communication, and Wi-Fi hotspot type of solutions. The market is also segmented by communication network, field site, and region.

Growing Adoption of Cloud-based Services is the Major Driver for the Market

With growing adoption of cloud-based services, oil companies are compelled to use oil field communication. This keeps their offshore sites connected with the inshore site about production stats, which helps in better supply chain management. The smooth flow of materials is very important for oil companies as their profitability is highly dependent upon the turnover and downtime needs to be avoided.

Microwave Communication Network is expected to Grow Fastest in the Forecast Period

Microwave transmission equipment can be used for various communication applications such as cellular, radio telecommunication, broadband, satellite, radar, and navigation. The reducing profit margins from mobile networks have induced mobile network operators (MNOs) to focus more on generating their revenue from data rather than voice to increase their profitability. There is an increasing demand for data, and this will compel MNOs to upgrade their infrastructure. Upgrading the transport network includes cost of equipment and services and requires at least 30% of the overall project cost. This high cost is mainly due to the high price of equipment for the optical transport-based network. Whereas, deploying a microwave network costs less than the deployment of the fiber network. Microwave deployment allows fast go-to-market reach and has a much lesser footprint than the fiber network.

North America is Expected to Hold the Largest Market Share in the Oilfield Communications Market During the Forecast Period

North America is the pioneer in this market and is expected to grow at a highest rate as it is the largest oil and gas producer, with companies seeking advanced digital communication solutions for their onshore and offshore field operations. Many oil producing companies are headquartered in the United States. Most of the companies pilot new services in the country before global launches and deployment. Fast adoption of new technology in this country and growing focus on global communication is pushing the market forward.

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The global Oilfield Communications market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Oilfield Communications Market Report covers the Top Key-players in 2021:-

  • Huawei Technologies Co. Ltd
  • Siemens AG
  • Speedcast International Limited
  • ABB Ltd
  • Commscope
  • Inc.
  • Inmarsat PLC
  • Tait Communications
  • Baker Hughes Incorporated
  • Alcatel-Lucent S.A.
  • Ceragon Networks Ltd
  • Rad Data Communications
  • Inc.
  • Rignet
  • Inc.
  • Hughes Network Systems LLC
  • Airspan Networks
  • Inc.
  • Commtel Networks Pvt. Ltd

Highlighted points of Oilfield Communications Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

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This Oilfield Communications Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Oilfield Communications? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Oilfield Communications Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Oilfield Communications Market? What Was Capacity, Production Value, Cost and PROFIT of Oilfield Communications Market?
  • What Is Current Market Status of Oilfield Communications Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Oilfield Communications Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Oilfield Communications Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Oilfield Communications Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Oilfield Communications Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Oilfield Communications Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Oilfield Communications Industry?

Key Developments in the Oilfield Communications Market:

  • September 2017 – Recon got several contracts totaling approximately RMB 6.1 million, or approximately USD 0.9 million, to develop four Internet-of-things oil and gas production projects for three plants of PetroChina Changqing Oilfield Company.
    The m

    Reasons to Purchase the Report

  • Current and future oilfield communications market in the developed and emerging markets
  • Analysing various perspectives of the market with the help of Porter’s five forces analysis
  • The segment that is expected to dominate the market
  • Regions that are expected to witness fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players.
  • 3 month analyst support, along with the Market Estimate sheet (in Excel)

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    Finally, the report Global Oilfield Communications Market 2021 describes the Oilfield Communications industry expansion game plan, the Oilfield Communications industry knowledge supply, appendix, analysis findings, and the conclusion.

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