An integrated oil and gas major approached ADI Analytics for a technology assessment study including customer receptivity and market sizing study for a new corrosion monitoring technology for oil and gas facilities. ADI completed the following as part of the study:
- Identified market drivers and projected growth rates of market drivers based on analogous technologies and high and low oil price scenarios
- Estimated market size including quantifying uncertainties using Monte Carlo analysis with multiple variables such as price, adoption rate, and number of sensors per facility
- Developed multiple technology adoption s-curves based on comparable technology adoption rates
- Examined competing technologies and companies to determine strengths and weaknesses and the new technology’s competitive positionin
