Press release
Automation Solutions Market in the Oil and Gas Industry Globally Grow at a CAGR of 1.1% by Revenue During the Forecast Period 2017-2020
ALBANY, NY, April 5, 2017 : Operations in the oil and gas industry are divided into three major sectors: upstream, midstream, and downstream. Oil and gas companies in this industry are specialized in operations related to either of the three sectors. However, there are large integrated oil and gas companies, such as ExxonMobil, BP, and Chevron that have operations in all three sectors.Technavios analysts forecast the global automation solutions market in the oil and gas industry to grow at a CAGR of 1.1% during the period 2016-2020.
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Covered in this report
The report covers the present scenario and the growth prospects of the global automation solutions market in the oil and gas industry for 2016-2020. To calculate the market size, the report considers the revenue generated from sales and aftermarket services of automation solutions in the oil and gas industry.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Automation Solutions Market in the Oil and Gas Industry 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
ABB
Emerson Electric
Honeywell
Rockwell Automation
Schneider Electric
Siemens
Other prominent vendors
Beckhoff
FANUC
GE
Hitachi
IDEC
Koyo Electronics
Mitsubishi Electric
Omron
Parsec Automation
Yokogawa
Market driver
Compliance with stringent industrial regulations
For a full, detailed list, view our report
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Market challenge
Cybersecurity concerns in oil and gas automation infrastructure
For a full, detailed list, view our report
Market trend
Automation solutions on cloud
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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