Oil & Gas Automation Market By Offerings (Hardware, Software, and Service), 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), and Other Technologies), By Process (Upstream, Midstream, and Downstream), and By Region - Trends, Analysis and Forecast till 2034

Oil Gas Automation Market Size was value at USD 38.98 Billion in 2024 and is expected to reach USD 83.69 Billion by 2034, growing at CAGR of 8.8%

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.

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.

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:

• North 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
  • 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
  • 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
  • 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
  • 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

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.

• 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