Global Oil Gas Automation Market Overview
Introduction:
In the oil and gas industry processes, there is always a high demand for safety and reliability. The supply chain of this industry creates a great need for automation, extensive partner network, and industry expertise. Process automation help oil and gas producers to integrate information, as well as power, control, and provide safety solutions, in order to respond to the dynamic global demand. The oil and gas sector functions in three primary sectors or streams. The upstream sector that engages in drilling and exploration activities. The mid-stream sector involves in transportation and processing of gas. The down-stream involves in refining and distribution of the oil and gas products. In the case of the upstream sector of the oil and gas, several drilling activities that need to meet stringent government regulations, and require intense planning to bring down operational costs, often employ huge sets of spatial data to make several decisions.
Global Oil Gas Automation Market Dynamics
Increasing oil consumption is the major factor driving growth of the global oil & gas automation market. From the past, it is observed that, even though the oil prices are fluctuating, the demand for oil and gas remained stable. Price of oil per barrel has went to a peak level of more than US$ 140, and also, a trough low to US$ 20, but the average energy consumption, worldwide, is steadily growing. As per 2017, it is accounted that the world spent over 98 million barrels of oil every day, representing a growth of almost 2%, as compared to 2016. Such a rate of consumption was primarily boosted by increasing demand from the automobiles and reduced crude oil prices. Increasing demand for remote management in the oil & gas industry coupled with rising exploration and production (E&P) activities, both in offshore and onshore oilfields are key factors propelling growth of the global market. In addition, growing inclination towards process optimization through digitalization and automation, and increasing penetration of cloud computing services in SCADA system are other factors projected to propel growth of the global market over the forecast period. However, volatile oil price situation may hamper growth of the target market over the forecast period.
Global Oil Gas Automation Market Segmentation
The global oil & gas automation market is segmented based offerings, technology, process, and region.
On the basis of offerings, the global oil & gas automation market is segmented into hardware, software, and service. On the basis of technology, the target market is classified into supervisory control and data acquisition (SCADA), programmable logic controller (PLC), distributed control system (DCS), machine execution system (MES), product lifecycle management (PLM), enterprise resource planning (ERP), human machine interface (HMI), and other technologies. Based on process, the global market is classified into upstream, midstream, and downstream.
Regional Insights:
Based on region the global oil & gas automation market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America accounts for highest share in terms of revenue and is estimated to maintain its dominance over the forecast period. This is mainly attributed to increasing adoption of cloud based SCADA system in the oil & gas industry in countries in the region. The market in Asia Pacific is projected to register significant growth in the target market over the forecast period, owing to growing number of oil & gas drilling activities in emerging economies such as India, China, etc. Moreover, the market in Middle East & Africa is expected to register moderate growth in the target market, owing to increasing demand for automation and proper monitoring in drilling equipment in the region.
Global Oil & Gas Automation Market, By Offerings:
- Hardware
- Software
- Service
Global Oil & Gas Automation Market, By Technology:
- Supervisory Control and Data Acquisition (SCADA)
- Programmable Logic Controller (PLC)
- Distributed Control System (DCS)
- Machine Execution System (MES)
- Product Lifecycle Management (PLM)
- Enterprise Resource Planning (ERP)
- Human Machine Interface (HMI)
- Other Technologies
Global Oil & Gas Automation Market, By Process:
- Upstream
- Midstream
- Downstream
Global Oil & Gas Automation Market, By Region:
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- North America
- North America Oil & Gas Automation Market, By Offerings
- North America Oil & Gas Automation Market, By Technology
- North America Oil & Gas Automation Market, By Process
- North America Oil & Gas Automation Market, By Country
- U.S.
- Canada
- Europe
- Europe Oil & Gas Automation Market, By Offerings
- Europe Oil & Gas Automation Market, By Technology
- Europe Oil & Gas Automation Market, By Process
- Europe Oil & Gas Automation Market, By Country
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Asia Pacific Oil & Gas Automation Market, By Offerings
- Asia Pacific Oil & Gas Automation Market, By Technology
- Asia Pacific Oil & Gas Automation Market, By Process
- Asia Pacific Oil & Gas Automation Market, By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Latin America Oil & Gas Automation Market, By Offerings
- Latin America Oil & Gas Automation Market, By Technology
- Latin America Oil & Gas Automation Market, By Process
- Latin America Oil & Gas Automation Market, By Country
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Middle East & Africa Oil & Gas Automation Market, By Offerings
- Middle East & Africa Oil & Gas Automation Market, By Technology
- Middle East & Africa Oil & Gas Automation Market, By Process
- Middle East & Africa Oil & Gas Automation Market, By Country
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- North America
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Global Oil Gas Automation Market Key Players
The key players operating the global oil & gas automation market involves Mitsubishi Electric Corporation, Schneider Electric SE, Emerson Electric Co., Eaton Corporation, Dassault Systemes, Honeywell International Inc., ABB Ltd., Rockwell Automation Inc., Yokogawa Electric Corporation, and Siemens Corporation. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, In October 2017, Schneider Electric acquired of ASCO Power Technologies to strengthen its position in Core Low Voltage.
Global Oil Gas Automation Market Company Profile
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- Mitsubishi Electric Corporation *
- Company Overview
- Mitsubishi Electric Corporation *
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- Product Portfolio
- Key Highlights
- Financial Performance
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- Schneider Electric SE
- Emerson Electric Co.
- Eaton Corporation
- Dassault Systemes
- Honeywell International, Inc.
- ABB Ltd.
- Rockwell Automation Inc.
- Yokogawa Electric Corporation
- Siemens Corporation
“*” marked represents similar segmentation in other categories in the respective section
Global Oil Gas Automation Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Industry Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Oil & Gas Automation Strategies
- Key Questions this Study will Answer
- Market Snippet, By Offerings
- Market Snippet, By Technology
- Market Snippet, By Process
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Oil & Gas Automation Market, By Offerings, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Hardware
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Software
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Service
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Oil & Gas Automation Market, By Technology, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Supervisory Control and Data Acquisition (SCADA)
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Programmable Logic Controller (PLC)
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Distributed Control System (DCS)
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Machine Execution System (MES)
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Product Lifecycle Management (PLM)
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Enterprise Resource Planning (ERP)
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Human Machine Interface (HMI)
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Other Technologies
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Oil & Gas Automation Market, By Process, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Upstream
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Midstream
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Downstream
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Oil & Gas Automation Market, By Region, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Offerings, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Technology, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Process, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Offerings, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Technology, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Process, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Offerings, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Technology, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Process, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Offerings, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Technology, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Process, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Offerings, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Technology, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Process, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
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- Mitsubishi Electric Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Schneider Electric SE
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Emerson Electric Co.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Eaton Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Dassault Systemes
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Honeywell International, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- ABB Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Rockwell Automation, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Yokogawa Electric Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Siemens Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Mitsubishi Electric Corporation
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- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The oil & gas automation market report is segmented into offerings, technology, process, and region.
Factors driving market growth include the increasing adoption of automation technologies for operational efficiency, the demand for real-time data analytics, and a focus on enhancing safety measures in the oil and gas industry.
Global restraints may involve challenges related to the high initial investment in automation systems, concerns about cybersecurity, and the need for skilled professionals to manage automated processes.
The report covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is anticipated to dominate the Oil & Gas Automation Market, exhibiting a significantly high revenue share over the forecast period.
The key players operating the global oil & gas automation market involves Mitsubishi Electric Corporation, Schneider Electric SE, Emerson Electric Co., Eaton Corporation, Dassault Systemes, Honeywell International Inc., ABB Ltd., Rockwell Automation Inc., Yokogawa Electric Corporation, and Siemens Corporation.