Menu

M2M FEATURE NEWS

Berg Charts M2M Growth in Oil & Gas

By Paula Bernier November 21, 2012

The installed base of wireless M2M devices in the oil and gas industry is expected to reach 0.43 million by 2016.

Machine-to-machine communications is poised to see significant gains in the next few years within the oil and gas industry, according to a new report Berg Insight. The analyst firm reports that there were 164,000 cellular- and satellite-connected devices being used for oil and gas applications worldwide at the end of 2011, and that number should reach 435,000 by 2016.

As Berg Insight notes, oil and gas operations commonly exist in remote and inaccessible facilities where wireless communication may be the only viable option for transferring data.  And wireless M2M, remote automation, control and monitoring make it more cost effective to extract, transport and distribute emerging oil and gas products including LNG and unconventional resources such as shale gas and heavy oil, says Johan Svanberg, senior analyst at Berg Insight.

“Demand for improved operational efficiency and new governmental regulations will push the adoption of wireless M2M in the industry,” added Svanberg.

Oil and gas applications in North America account for nearly half of the M2M devices now in use. Among the key providers of M2M solutions to the oil and gas vertical, according to Berg Insight, are ABB, Honeywell, Pason Systems, Schneider Electric and Zedi.

Other companies with a focus on this vertical, the firm says, include Hughes Network and SkyWave.

Machine-to-machine communication enables equipment anywhere in the world to provide data on its own status, relay other information and be remotely controlled. The M2M opportunity applies to everything from ATM machines to heart monitors.

In fact, telephone companies have been talking about the promise of M2M for more than a decade.

Early on the telcos used the word telemetry to describe this concept. The application the telcos liked to reference in those days was vending – that is, allowing owners of candy and soda pop machines to monitor their boxes remotely to stay abreast of when refills or other maintenance were required. But today, M2M has been applied to a wide variety of applications and verticals, including by Global 500 companies including General Electric, General Motors and Xerox.

The Yankee Group says the mobile and connected devices market is currently worth $436 billion globally, and is expected to be worth $847 billion by 2016.




Edited by Braden Becker

Executive Editor, TMC

SHARE THIS ARTICLE
Related Articles

NetComm Wireless and Telefonica announce global IoT supply agreement

By: Ken Briodagh    6/23/2017

In a recent joint release, NetComm Wireless and Telefonica have announced the signing of an IoT Device Supply Agreement.

Read More

Senet to Support India LoRaWAN IoT Network for SenRa

By: Ken Briodagh    6/22/2017

SenRa and Senet Managed Network Services partnership enables rapid deployment of LoRaWAN connectivity for millions of IoT devices in India

Read More

Thuraya IP M2M Service Launches to Connect the Internet of Remote Things

By: Ken Briodagh    6/21/2017

New Thuraya service enables applications in utilities, logistics, oil and gas, and renewable energy

Read More

As the World Moves Toward Ubiquitous Connectivity, It Is Time to Ramp Up Trust

By: Special Guest    6/20/2017

With IoT on the rise, it is more important than ever to ensure the security of connections and transactions, especially if lives are at stake.

Read More

Plume Secures 37.5 Million Dollars for Adaptive Wireless

By: Ken Briodagh    6/7/2017

Plume Design, an Adaptive Wi-Fi developer, has secured $37.5 million funding from new investors, including Comcast Cable, Samsung Venture Investment C…

Read More