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Oil and Gas Automation Market 2021: by Current Trends, Applications, Segmentation and Global Analysis
The Oil and Gas Automation Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The Oil and Gas Automation Market was valued at USD 12.73 billion in 2019 and is expected to reach USD 18.54 billion by 2025, at a CAGR of 6.47% over the forecast period 2020 - 2025.
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Top Leading Companies of Oil and Gas Automation Market are Mitsubishi Electric Corporation, Schneider Electric SE, Emerson Electric Co., Eaton Corporation, Dassault Systemes, Honeywell International Inc., ABB Ltd, Rockwell Automation Inc., Yokogawa Electric Corporation, Siemens Corporation, Robert Bosch GmbH, Texas Instruments Inc., Johnson Controls Inc. and others.
Key Market Trends:
Enterprise Resource and Planning (ERP) is Expected to Register a Significant Growth
ERP systems offer an integrated real-time view of core operations, such as product planning, development, manufacturing, sales, and marketing. At workstations, these ERP systems enable the scheduling and management of the workflow, while implementing a well-organized product cycle, which is done by monitoring the progress of various processes, as well as providing analytical data that aids decision-making. The features reduce excessive inventory costs. Oil and gas industries are among the early adopters for the ERP system, as the operations are highly dependent upon workflow management and market analysis. ERP providers are designing solutions specific to the upstream, midstream, and downstream activities.
United States is Expected to Hold Major Share
The dependence of the oil and gas industry on automation has increased over the past decade, and multiple rounds of industry layoffs were announced that left oil and gas companies with a reduced number of skilled workers. This led to the increasing dependence of US oil companies on automation, in order to complete processes without any delay. In 2017, US exports of crude, as well as liquefied natural gas (LNG) and refined products, continued to rise, which aligned perfectly with the new administration’s motto of energy dominance for the United States.
Competitive Landscape:
In August 2018, Rockwell Automaton added five new members to its Machine Safety System Integrator program. Created in 2014, the program helps industrial companies identify system integrators with current safety standards expertise and a proven track record in designing safety systems.
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:
- Oil and Gas Automation Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Oil and Gas Automation Market (%),2016 - 2026
- Oil and Gas Automation Market Share, By Brand
- Oil and Gas Automation Market Share, By Company
- Oil and Gas Automation Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Oil and Gas Automation Market Value Analysis & Forecast
- Promising Oil and Gas Automation Development by Major Companies
- Detailed Oil and Gas Automation Portfolio of the Major Companies
- Major Deals in the Oil and Gas Automation Market
- Major Companies Analysis
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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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