Analysis of the RFID Market in the Oil and Gas Industry

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The study analyzes trends in the global RFID market in the oil and gas industry.With RFID expected to witness greater traction, this study focuses on the trends,challenges, and factors that drive market growth. The study provides regionalmarket analyses for the base year and competitive analysis. Being an emergingmarket, initiatives from suppliers have been discussed. This deliverable willprovide key market participants with the necessary business intelligence to helpthem accelerate growth in a fast-paced market.

Market Overview

Introduction

Tracking, monitoring, and tracing of assets and personnel across the supplychain are the key application areas for RFID within the oil and gas industry. Thisstudy focuses on the different RFID technologies used to perform these tasks.

The biggest use of RFID in the oil and gas industry has predominantly been inasset tracking. With personnel tracking gaining prominence, it is expected to bethe application offering opportunities in the future. The oil and gas industry isgoverned by regulations and directives that limit the product being used withrespect to materials, form factor, and design. Furthermore, regulationspertaining to reducing carbon footprints is expected to drive adoption of RFID inthis industry.

The global economic downturn during 2008–2009 had a significant impact onthe industry’s spending, which affected the RFID market. All upcoming upstreamprojects and the search for new drilling sites were put on hold due to lack ofliquidity. The major contributor to this decline was that customers were unawareof the technology and the return on investments and were skeptical aboutinvesting.

After the industry recovered in 2010, a number of projects were re-initiated,thereby enhancing adoption levels. Despite a positive outlook, recent financialinstability is causing doubts in the minds of customers. It is expected to witnessa small dip during this period and continue on its positive trend.

Market Overview—Definitions

Radio frequency identification: RFID is a technology that uses radio wavecommunication to identify items and personnel individually or as a group. Basedon their frequency of operation, these radio waves are classified as lowfrequency (LF), high frequency (HF) and ultra-high frequency (UHF).

End-user Segment Covered

Oil and gas industry here refers to all processes that are a part of theupstream, midstream, and downstream: drilling, exploration, transportation,and refining. In the context of the RFID industry, personnel safety and assetmanagement are included as a part of this research.

RFID technology is broadly classified into passive and active RFID technologies.

Passive Technology: Technology that operates without an in-built battery in thetag and uses power from the readers to perform the operation.

Active Technology: Technology that uses an in-built battery either on aminimum level or completely to perform the operation.

Tags

  • An advancement of bar code technology
  • Silicon chip embedded with an antenna to enable communication throughassigned radio frequencies
  • Intelligent and expensive alternative to bar codes

Active tags, passive tags, and semi-passive tags

Readers

  • Used solely for reading/ retrieving data stored in the tags
  • Embedded antennas used for two-way communication
  • Types include active and passive readers

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