Main Automation Contractor (MAC) Market 2021-2026: Trends, Scope, Demand, Opportunity and Forecast

The Main Automation Contractor (MAC) Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Main Automation Contractor (MAC) market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Main Automation Contractor (MAC) market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Main Automation Contractor (MAC) market.

The Main Automation Contractor (MAC) Market in the Oil & Gas Industry is expected to register a CAGR of 6.2% during the forecast period (2021 - 2026). 

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Top Leading Companies of Main Automation Contractor (MAC) Market are - Rockwell Automation Inc., Schneider Electric SE, Yokogawa Electric Corporation, Honeywell International Inc., Emerson Electric Co., Siemens AG, ABB Ltd. and others.

Industry News and Updates:

- Sep 2019 - Siemens announced that it is planning to acquire the Process Systems Enterprise (PSE), which is a global technology supplier of software and services for advanced process modeling. The advanced models are used within the digital R&D, design, and operations in the process industries in order to help them make fast, safe, and more efficient decisions through a rapid and effective exploration of the decision space.

- Feb 2020 - Yokogawa opened its technology collaboration center in order to support the disruptive innovation in process automation. The opening of the center follows the announcement in July 2019 of the company's selection as the ExxonMobil’s OPA Test Bed system integrator.

Key Market Trends:

Upstream Segment to Witness Significant Growth

- The upstream sector of the oil and gas industry involves several drilling activities that need to meet stringent government regulations, and require intense planning, in order to cut down operational costs. Often, the industry deals with huge sets of spatial data, to make several decisions. In order to harness the complete power of spatial data, several process automation tools and analytical engines are employed in the sector.
- Moreover, there has been a considerable exploration activity in the United Kingdom that has led towards the crucial discoveries such as Glendronach, which is estimated to be the fifth-largest conventional natural gas reserve discovery on the UK Continental Shelf in the millennium.

North America is Expected to Witness Significant Growth

- The countries in the region such as the United States where oil production is an area of interest, owing to the decline in oil prices. The shale boom was considered as one of the essential energy developments during the past decade. According to EIA, the United States oil production is expected to increase Y-o-Y, owing to the growing production efficiencies and growing resource base. The US crude oil output is expected to increase to 20% by 2030, despite the lower oil prices.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Main Automation Contractor (MAC) Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Main Automation Contractor (MAC) Market (%),2016 - 2026
- Main Automation Contractor (MAC) Market Share, By Brand
- Main Automation Contractor (MAC) Market Share, By Company
- Main Automation Contractor (MAC) Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Main Automation Contractor (MAC) Market Value Analysis & Forecast
- Promising Main Automation Contractor (MAC) Development by Major Companies
- Detailed Main Automation Contractor (MAC) Portfolio of the Major Companies
- Major Deals in the Main Automation Contractor (MAC) Market
- Major Companies Analysis

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