5th Floor, Rajapushpa Summit
Nanakramguda Rd, Financial District, Gachibowli
Hyderabad, Telangana - 500008
The Oil & Gas Automation Market is segmented by Process (Upstream, Midstream, Downstream), by Technology (Sensors & Transmitters, Distributed Control Systems (DCS), Programmable Logic Controllers (PLC), Supervisory Control and Data Acquisition System (SCADA), Safety Instrumented Systems (SIS), Variable Frequency Drive (VFD), Manufacturing Execution System, Industrial Asset Management, Other Technologies) and by Geography.
2018 - 2026
Fastest Growing Market:
Middle East and Africa
The Oil & Gas Automation Market was valued at USD 17.05 billion in 2020 and expected to reach USD 24.9 billion by 2026 and grow at a CAGR of 6.47% over the forecast period (2021 - 2026). The oil & gas industry has begun the move toward digitization with more sensors accumulating data from rigs around the world. Adopting digital technologies can improve internal communication and simplify plans by allowing engineering teams to work more efficiently with the oil & gas companies to better manage data and project requirements. Automation in the Oil & gas industry can improve efficiency and bring down costs.
Oil and gas is a dynamic global industry that faces challenges in cost management, extraction of high value from current assets, and maximization of the up-time. The advancement in technology has led to the establishment of connected enterprises, that are helping the oil and gas industry to move closer to operational excellence. Hence, the industry has been deploying various automation solutions to ensure that optimization of operations.
The market studied has been segmented on the basis of the process into upstream, downstream, and midstream and on the basis of various technologies being deployed for automation across the globe.
|Sensors & Transmitters|
|Distributed Control Systems (DCS)|
|Programmable Logic Controllers (PLC)|
|Supervisory Control and Data Acquisition System (SCADA)|
|Safety Instrumented Systems (SIS)|
|Variable Frequency Drive (VFD)|
|Manufacturing Execution System|
|Industrial Asset Management|
|Middle-East and Africa|
Report scope can be customized per your requirements. Click here.
To understand key trends, Download Sample Report
To understand geography trends, Download Sample Report.
The Oil & Gas Automation Market is fragmented and competitive in nature. Some of the players are Honeywell International Inc., Siemens Corporation, ABB Ltd, Rockwell Automation Inc., among others.
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitute Products
4.3 Industry Policies
4.4 Technology Snapshot
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Growth of Industrial & Infrastructural Activities in Developing Economies
5.1.2 Increasing Oil Consumption
5.1.3 Increasing Scarcity of Skilled Workers
5.1.4 Increase in Demand from the Oil & Gas Industry
5.2 Market Challenges
5.2.1 Stagnant Industrial Growth in Developed Countries
5.2.2 Volatile Oil Price Situation
5.2.3 Key Oil & Gas Activities
5.2.4 Proliferation of IIoT Technology in Oil & Gas
5.3 Assessment of Impact of Covid-19 on the Industry
6. MARKET SEGMENTATION
6.1 By Process
6.2 By Technology
6.2.1 Sensors & Transmitters
6.2.2 Distributed Control Systems (DCS)
6.2.3 Programmable Logic Controllers (PLC)
6.2.4 Supervisory Control and Data Acquisition System (SCADA)
6.2.5 Safety Instrumented Systems (SIS)
6.2.6 Variable Frequency Drive (VFD)
6.2.7 Manufacturing Execution System
6.2.8 Industrial Asset Management
6.2.9 Other Technologies
6.3 By Geography
6.3.1 North America
22.214.171.124 United States
126.96.36.199 United Kingdom
188.8.131.52 Rest of Europe
184.108.40.206 Rest of Asia-Pacific
6.3.4 Latin America
6.3.5 Middle-East and Africa
7. COMPETITIVE LANDSCAPE
7.1 Vendor Market Share Analysis
7.2 Company Profiles*
7.2.1 ABB Ltd.
7.2.2 Honeywell International Inc.
7.2.3 Rockwell Automation Inc.
7.2.4 Mitsubishi Corporation
7.2.5 Schneider Electric SE
7.2.6 Emerson Electric Co.
7.2.7 Eaton Corporation
7.2.8 Dassault Systèmes SE
7.2.9 Yokogawa Electric Corporation
7.2.10 Siemens Corporation
7.2.11 Robert Bosch GmbH
7.2.12 Texas Instruments Inc.
7.2.13 Johnson Controls Inc.
8. INVESTMENT ANALYSIS
9. FUTURE OUTLOOK OF THE MARKET
** Subject to Availability