Energy Markets in Midst of Bandwidth Revolution
NSR Report Projects over 25 Gbps of Bandwidth Demand and $2.2 Billion in Revenues by 2022
CAMBRIDGE, MA – March 12, 2013 – According to NSR’s Energy Markets via Satellite, 3rd Edition report released today, Energy Markets are in the midst of a bandwidth revolution that will positively affect satellite companies over the next decade. More applications at more remote locations continue to drive demand for satellite services, and Oil & Gas, Mining, and Utility end-users will demand over 25 Gbps of satellite capacity by 2022.
“The Oil & Gas market continues to lead the Energy sector in total revenues,” states Brad Grad, author of the report. “The Shale-gas boom, deeper waters, smarter grids, and mining automation all combine to generate over $17 Billion in cumulative revenues for satellite providers over the next ten years.”
Combined, the Energy Markets will generate $2.2 Billion in revenues for satellite service providers by 2022, up from $0.7 Billion in 2012. For Onshore markets, utilities and shale-gas drive market growth, where North America will lead total In-service Units by 2022, followed by Asia, Europe, Latin America, and the Middle-East Africa. Offshore, maturing markets in the Atlantic Ocean give way to the Pacific Ocean as more activity shifts into the region, while the Indian Ocean remains a solid third place. The Arctic, a distant fourth, is limited by complex operating conditions and available natural resources elsewhere.
Terrestrial penetration continues across the O&G, mining, and utility sectors; however, new exploration activities in remote locations and increased focus on resilient infrastructure help solidify the position of satellite services.
Bottom Line, with over 460,000 In-service Units and $2.2 Billion in revenues by 2022, the Energy Market continues to provide solid growth for the satellite communications industry. Oil & Gas continues to generate the most revenues, Utilities will provide more In-service units, and Mining will remain a steady, complementary opportunity.
About the Report
NSR’s Energy Markets via Satellite, 3rd Edition builds on the legacy of NSR’s detailed analysis of the Oil & Gas markets. In 2013 the NSR Energy Markets via Satellite report now adds coverage into the mining and utilities verticals. Expanded and renamed, this 3rd edition brings NSR’s industry-leading analysis to a broader market, providing readers a complete, detailed view into the unique characteristics of the O&G, mining, and utility verticals.
For additional information on this report, including a full table of contents, list of exhibits and executive summary, please visit www.nsr.com or call NSR at 617-576-5771.
NSR is a leading international market research and consulting firm with a core focus on the satellite sector and related industries. Founded in 2000 and with an experienced group of analysts located in all regions, NSR specializes in analysis of growth opportunities across four core sectors: Satellite Communications, Broadcasting & Digital Media, Hybrid & Emerging Applications and Commercial Space.