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M2M Applications in the Oil and Gas Industry – 3rd Edition

  • August 2015
  • 140 pages
  • Berg Insight AB
Report ID: 3180747

Summary

Table of Contents


Executive summary

M2M is an abbreviation for machine-to-machine, or technology that supports wired or wireless communication between devices. M2M technology has evolved from telemetry which is a technology that allows the remote measurement and reporting of information of interest to the system operator. Supervisory Control And Data Acquisition (SCADA) systems are centralized systems that utilize telemetry to monitor and control remote facilities.

SCADA, telemetry and M2M solutions can be found throughout the oil & gas value chain including applications such as drill and well monitoring, fiscal metering and pipeline monitoring. Today, M2M and telemetry are integrational parts of the broader term Industrial Internet of Things (IIoT).

The oil & gas industry is characterized by remote and inaccessible facilities where wireless communication in many cases is the only viable option for transferring data. Wireless technologies such as private radio, cellular and satellite communication can provide ubiquitous online connectivity at reasonable cost and deliver very high performance, as well as excellent availability. All of these components combined enable the delivery of operations management, equipment management and regulatory compliance applications linking remote equipment and enterprise IT systems.

Berg Insight estimates that shipments of oil & gas M2M devices featuring cellular or satellite communication capabilities reached 0.12 million units worldwide in 2014. Growing at a compound annual growth rate of 21.0 percent, shipments are expected to reach 0.30 million in 2019. Compound annual growth rates for cellular and satellite based devices will be 21.1 percent and 20.6 percent respectively during the same period.

The installed base of oil & gas M2M devices is forecasted to grow at a compound annual growth rate of 20.1 percent from 0.5 million units at the end of 2014 to 1.25 million units by 2019. The installed base of cellular and satellite based M2M devices in 2019 are forecasted to be 0.99 million units and 0.27 million units respectively. Berg Insight anticipates that pipeline monitoring and tank monitoring will be the top M2M applications in the oil & gas industry. On-shore well field equipment monitoring will be the most common wireless application in the upstream segment.

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