Market Trends of Middle East and Africa Process Automation Industry
This section covers the major market trends shaping the MEA Process Automation Market according to our research experts:
Oil and Gas Industry is Expected to Hold Significant Market Share
- Automation is a significant driver and trend in the oil and gas industry. Digitization, automation, and advanced technologies give operators and technicians immediate access to critical performance, asset conditions, and technical information. Oil and Gas companies in the region are increasingly adopting process automation tools to enhance decision-making, troubleshooting, and performance efficiency.
- According to the International Trade Administration, in July 2022, Saudi Arabia had the second-largest proven oil reserves in the world. Saudi Aramco, one of the world's largest integrated energy and chemicals companies, operates along two major segments: Upstream and Downstream.
- Additionally, the upstream sector of the oil and gas industry involves several drilling activities that need to meet stringent government regulations and require intense planning, to cut down operational costs. Often, the industry deals with vast sets of spatial data to make several decisions. Several process automation tools and analytical engines are employed to harness the full power of spatial data.
- The Middle East Oil and Gas companies often face challenges transitioning to more renewable sources. To meet the demand in diverse situations, energy companies must focus on innovative technologies like process automation within their business models to embrace innovation and increase efficiency.
- Moreover, there is surging demand for safety and reliability in the oil and gas industry processes. The industry's supply chain creates a significant demand for automation, industry expertise, and an extensive partner network. Process automation helps oil and gas producers integrate information, control power, and provide safety solutions to respond to the dynamic global demand.
- With the fluctuation in crude oil prices, several oil and gas companies focus on minimizing costs and maximizing efficiency throughout the distribution chain. To sustain in the rising competitive environment and decrease the retail margins, they need to optimize several processes in multiple sectors.
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United Arab Emirates is Expected to Account For Significant Market Share
- Fuelled by Industry 4.0, UAE continues to innovate and consolidate its position in the global market in the factory automation and industrial control systems industry. The embracing of smart technologies in the studied market has also positively impacted the national economy.
- In the United Arab Emirates, the construction industry plays an essential role in the economic upliftment and development of the country. SCADA is being increasingly used in the construction industry. Supervisory Control and Data Acquisition (SCADA) allows the users to control the industrial operation on-site and remotely. The advantage of SCADA being used in the construction industry lies in the ability to monitor and gather data in real time and then process it for industrial usage.
- Increased global manufacturing integration is raising the pressure for automation investment, as cost minimization with quality maximization looms ever more significantly as an operating paradigm for Arab manufacturers.
- With cyber-attacks increasing in smart factories in UAE, there is growing concern about using Industrial Control Systems. The government also has plans to curb the rise of such crimes. This aligns with the growing trend of industrial control systems manufactured in the country for smart factories to avoid the risk of cybersecurity breaches.
- Further, technologies such as process discovery, process optimization, process intelligence, and process orchestration are becoming a more significant part of Robotic Process Automation (RPA). There is an ongoing trend of increasing a closer relationship between business process management (BPM) and RPA in the future.
- Moreover, with investment roll-outs by the government to revive the pandemic that hit the UAE economy, infrastructure and the electronics industry are marked as the primary beneficiaries, alongside the growth of small and medium-sized enterprises. The infrastructure and electronics industry are heavy users of industrial control systems' hardware products and software solutions and are expected to have a direct positive effect.
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