Press release
Oil and Gas Process Automation and Instrumentation Market Research Report 2023
Global Oil and Gas Process Automation and Instrumentation MarketAutomation & instrumentation improves process efficiency & safety. It also helps in easy monitoring of the overall process.
The global Oil and Gas Process Automation and Instrumentation market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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High capital expenditure, lack of skilled workers and sluggish growth in developed markets are the major factors hindering the oil & gas process automation and instrumentation market. Process automation can be integrated at offshore and onshore operation, pipeline and transportation operations, gas processing and liquefied natural gas facilities as well as refining and petrochemical industries.
By Company
• ABB
• Yokogawa
• Honewell
• Emerson
• SIEMENS
• HITACH
• Foxboro
• HollySys
• Supcon
• Sciyon
• Guodian
• Xinhua
• Shanghai Automation
By Type
• DCS (Distributed Control System)
• PLC (Programmable Logic Controller)
• SCADA (Supervisory Control And Data Acquisition)
• ACS (Automation And Control System)
• MES (Manufacturing Execution System)
• SIS (Safety Instrumented Systems)
By Application
• Oil Industry
• Gas Industry
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