Automation Solutions in Oil & Gas Industry represents a Cumulative Revenue of USD 76.9 billion During 2017-2023

Automation solutions empower oil & gas companies to optimize and streamline business operations by enabling a seamless flow of data from enterprise assets to operations, maintenance, and trading systems. The global total revenue of automation solutions in oil & gas industry will advance to $XXX million in 2023, registering a CAGR of XX% between 2016 and 2023. This represents a cumulative revenue of $76.9 billion during 2017-2023 owing to a fast-growing adoption of automation systems for oil & gas production.

Highlighted with 40 tables and 69 figures, this 172-page report “Automation Solutions in Oil & Gas Industry: Global Market by System Type, Operation Stage and Geography 2014-2023” is based on a comprehensive research of worldwide oil & gas automation solution market by analyzing the entire global market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report provides historical market data for 2014 and 2015, revenue estimates for 2016, and forecasts from 2017 till 2023.

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In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces

The trend and outlook of global market is forecast in optimistic, balanced, and conservative view. The balanced (most likely) projection is used to quantify global oil & gas automation solution market in every aspect of the classification from perspectives of system type, operation stage and region.

Based on system type, the global market is segmented into the following sub-markets with annual revenue included for 2014-2023 (historical and forecast) for each section.
• Supervisory Control and Data Acquisition (SCADA)
• Programmable Logic Controller (PLC)
• Distributed Control Systems (DCS)
• Manufacturing Execution System (MES)
• Safety Instrumented System (SIS)
• Other Systems

On basis of operation stage, the global market is analyzed on the following segments with annual revenue in 2014-2023 provided for each segment.
• Upstream Operation
• Midstream Operation
• Downstream Operation

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Geographically, the following regions together with the listed national markets are fully investigated:
• APAC (Indonesia, China, Malaysia, Australia, India, and Rest of APAC)
• Europe (Kazakhstan, Azerbaijan, UK, Norway, Russia, Rest of Europe)
• North America (U.S. and Canada)
• Latin America (Brazil, Mexico, Venezuela, Rest of Latin America)
• RoW (UAE, Saudi Arabia, Iran, Nigeria, Algeria)

For each of the aforementioned regions and countries, detailed analysis and data for annual revenue are available for 2014-2023. The breakdown of all regional markets by country and split of key national markets by system type over the forecast years are also included.

The report also covers current competitive scenario and the predicted manufacture trend; and profiles global oil & gas automation solution vendors including market leaders and important emerging players.

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Specifically, potential risks associated with investing in global market of automation solutions in oil & gas industry are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.

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This release was published on openPR.