A 2020 Turnaround for Oil & Gas SATCOM Markets?

We won’t lie – 2018 was a hard year for satellite players with an interest in the Energy Markets. Commodity pricing for energy products was weak or unstable, global economic activity shrank, and energy customers had their own financial challenges. So – in the face of ongoing macro-economic challenges, why does NSR continue to be so optimistic around a 2020 turnaround?

2020 Starts a Rebound for the Energy Satcom Sector

NSR’s Energy SATCOM Markets, 8th Edition (ESM8) report, released today, forecasts retail revenues for key energy markets (Onshore and Offshore Oil & Gas, Midstream pipeline distribution, Mining, and Electrical Utilities) to yield nearly $10 Billion in cumulative revenues from 2018 – 2028.

Energy Satcom Markets: Digitalization Digs In

The mining industry, which has so far remained the smallest addressable market for the energy satcom providers, is gradually morphing into a growth opportunity for satellite connectivity. On the heels of the last commodities downswing, globally diversified miners are focused on increasing productivity and maximizing the value of their existing assets, while newer mining juniors.