Oil & Gas Automation Market Statistics and Growth Prediction 2021- ABB, Emerson Electric, Honeywell International, General Electric, Siemens, Schneider Electric, Rockwell Automation

The Oil & Gas Automation Market report provides the overall structure and business outlook of the global and regional industries. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses, and regional growth of the leading competitors operating in the market on a global and local scale. This study provides information about the growth and revenue during the historic and forecasted period of 2015 to 2026. The structured analysis contains graphical as well as a diagrammatic representation of the global Oil & Gas Automation Market with its specific geographical regions.

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“Oil & Gas Automation Market was valued at USD 17.05 billion in 2020 and is expected to reach USD 24.90 billion by 2026, at a CAGR of 6.47% over the forecast period 2021 - 2026”

Top leading Companies Profiled in Oil & Gas Automation Market Report are ABB, Emerson Electric, Honeywell International, General Electric, Siemens, Schneider Electric, Rockwell Automation, GE(Baker Hughes), Mitsubishi Electric, Weatherford International, Kongsberg Gruppen, Schlumberger, Yokogawa Electric,

Latest Update and Developments

Feb 19, 2019 Rockwell launches joint venture for oil and gas industry, invests $250M- Rockwell Automation Inc. has launched a joint venture with an oil and gas company to create an automation solution for that industry.

September 13, 2019 Schneider Electric India Launches EcoStruxure For Oil & Gas Industry- Schneider Electric has announced the launch of EcoStruxure Power & Process (EP&P) to drive efficiency and augment profitability in oil, gas and petrochemicals sector.

September 18, 2019 Schneider Electric launches EcoStruxure for oil & gas sector in India- In a move that promises to boost India’s rapidly evolving oil & gas sector, Schneider Electric announced the launch of EcoStruxure Power & Process (EP&P) to drive efficiency and augment profitability in this crucial segment of the economy. The company has partnered with Microsoft to create commercial Internet of Things (IoT) solutions in the areas of energy management and automation, thus bringing power and process systems together. Through this platform, Schneider Electric aims to address the challenges of market volatility in the O&G sector, while reducing CapEx and OpEx by 20-30 per cent.

Market Overview

In addition to that, since the low prices of crude hit the market in early 2014, the major consumption groups in the Asian and European countries have predominantly benefited from these changes. In fact, according to the British Petroleum’s estimates, the regions witnessed a towering increase in the refinery capacities and throughputs. The refining capacity and throughput of the Asia-Pacific region spiked by 1.3% and 8.6%, respectively, between 2013 and 2016. It is estimated that the region was able to refine over 27,000 million barrels of oil every day, in 2016, owing to cheaper crude oil.

In APAC, the deployment of industrial automation oil & gas and solutions is expected to increase rapidly during the forecast period in China, India, and Malaysia. The market in APAC is growing rapidly owing to the large-scale advancements and technological innovations in the oil & gas industry; this necessitates the use of industrial automation in oil & gas solutions and components.

Market Research Study Focus on these Types:

Distributed Control Systems (DCS)

Human Machine Interface (HMI)

Supervisory Control and Data Acquisition (SCADA)

Others

Market Research Study Focus on these Applications:

Enterprise

Government

Others

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Regional Analysis:

Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)

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Key Takeaways from Oil & Gas Automation Report

─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals

─Understand the different dynamics influencing the Oil & Gas Automation market – key driving factors, challenges and hidden opportunities.

─Get in-depth insights on your competitor performance – Oil & Gas Automation market shares, strategies, financial benchmarking, product benchmarking, SWOT and more

─Analyze the sales and distribution channels across key geographies to improve top-line revenues.

─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.

─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Oil & Gas Automation

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In conclusion, the Oil & Gas Automation market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function as a profitable guide for all the Oil & Gas Automation Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research reports from every individual sector which will be helpful to understand the industry data in the most precise way.

Available Customization– The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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