The oil & gas industry continues to be a hotbed of patent innovation. Activity is driven by digitalization, data analytics, and cybersecurity, and growing importance of technologies such as artificial intelligence, big data, edge computing, and cloud computing. In the last three years alone, there have been over 327,000 patents filed and granted in the oil & gas industry, according to GlobalData’s report on Internet of Things in oil & gas: embedded controllers. Buy the report here.
The oil & gas industry continues to be a hotbed of patent innovation. Activity is driven by digitalization, data analytics, and cybersecurity, and growing importance of technologies such as artificial intelligence, big data, edge computing, and cloud computing. In the last three years alone, there have been over 327,000 patents filed and granted in the oil & gas industry, according to GlobalData’s report on Internet of Things in oil & gas: embedded controllers. Buy the report here. control and automation engineering
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However, not all innovations are equal and nor do they follow a constant upward trend. Instead, their evolution takes the form of an S-shaped curve that reflects their typical lifecycle from early emergence to accelerating adoption, before finally stabilizing and reaching maturity.
Identifying where a particular innovation is on this journey, especially those that are in the emerging and accelerating stages, is essential for understanding their current level of adoption and the likely future trajectory and impact they will have.
65+ innovations will shape the oil & gas industry
According to GlobalData’s Technology Foresights, which plots the S-curve for the oil & gas industry using innovation intensity models built on over 201,000 patents, there are 65+ innovation areas that will shape the future of the industry.
Within the emerging innovation stage, gas pipeline network monitoring, inspection robots and intelligent predictive maintenance are disruptive technologies that are in the early stages of application and should be tracked closely. Underwater robots, oil well surveillance and automated drilling tools are some of the accelerating innovation areas, where adoption has been steadily increasing.
Innovation S-curve for Internet of Things in the oil & gas industry
Embedded controllers is a key innovation area in Internet of Things
Embedded controllers are electronic devices that are programmed to control and monitor specific functions or processes in a larger system. They are part of a network of sensors that routine relay information for analysis. They are designed to operate within a specific context, often with limited resources, and can perform various functions such as data processing and communication.
GlobalData’s analysis also uncovers the companies at the forefront of each innovation area and assesses the potential reach and impact of their patenting activity across different applications and geographies. According to GlobalData, there are 35+ companies, spanning technology vendors, established oil & gas companies, and up-and-coming start-ups engaged in the development and application of embedded controllers.
Key players in embedded controllers – a disruptive innovation in the oil & gas industry
‘Application diversity’ measures the number of applications identified for each patent. It broadly splits companies into either ‘niche’ or ‘diversified’ innovators.
‘Geographic reach’ refers to the number of countries each patent is registered in. It reflects the breadth of geographic application intended, ranging from ‘global’ to ‘local’.
Emerson Electric is one of the leading patent filers in embedded controllers for the oil & gas industry. It offers sensors and automation equipment, along with software support for deployment of Internet of Things (IoT) networks in oil & gas and other industry verticals. DeltaV distributed control system, one of the product solutions offered by the company, uses embedded controllers for IoT deployment. Some other key patent filers in the space include Tulip Interfaces and Buhler.
Tulip Interfaces, Emerson Electric and SIPCO are among the leaders in terms of application diversity. SIPCO’s IoT solutions offer network robustness, low power consumption, scalability, and remote access. Its IoT technology solutions cover various wireless mesh network protocols such as ZigBee and WirelessHART.
By means of geographic reach, Tulip Interfaces held the top position, followed by Buhler and SICPA. Tulip offers a data analytics platform for industrial users through IoT deployment and resource tracking. It has the widest geographic reach among the patents filed in embedded controllers for the oil & gas industry. It widened its industry outreach in July 2023, when it became partner in the Microsoft Cloud for Manufacturing solution offered by Microsoft.
Embedded controllers reduce the burden of processing on a central server and allow for greater scaling of the IoT network deployment in the field.
To further understand the key themes and technologies disrupting the oil & gas industry, access GlobalData’s latest thematic research report on Internet of Things in Oil & Gas.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
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