The global oil and gas automation market size was US$ 18,979 million in 2021. The global oil and gas automation market size is forecast to reach US$ 33,336 million by 2030, growing at a compound annual growth rate (CAGR) of 6.7% during the forecast period from 2022 to 2030.
Process automation is used in the oil and gas industry to automate both simple and complicated tasks involved in the extraction, transportation, and refining of oil and gas. Process automation and instrumentation are used in the oil and gas industry to automate both simple and complicated tasks in the extraction, transmission, and refining of oil and gas. Cost savings, increased output, and greater safety and security are all advantages of automating the processes.
Factors Influencing Market Growth
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global market. The enforcement of lockdowns in many countries caused major cash flow problems for businesses. The halting or delaying of manufacturing of industrial automation oil & gas, as well as worldwide supply chain logistics challenges caused by the outbreak of COVID-19, have resulted in lower demand for oil & gas automation & instrumentation. Due to the shutdown, energy demand from industries and the commercial sector decreased, resulting in a significant loss for the oil and gas industries. This had a direct negative influence on the automation and instrumentation business for oil and gas.
Regional Analysis
North America accounted for a major market in 2021 and is forecast to remain dominant during the forecast period. As a result of the rising export of crude oil, liquefied natural gas (LNG), and refined products.
The Asia Pacific region is forecast to have lucrative growth during the forecast period. As a result of the development of the conventional energy business. In addition, the growing investments in emerging countries and increasing essential of decreasing functional time via automation.
Leading Competitors
The leading prominent companies profiled in the global oil and gas automation market are:
Scope of the Report
The global oil and gas automation market segmentation focuses on Technology, Component, Process, and Region.
Segmentation based on Technology
Segmentation based on Component
Segmentation based on Process
Segmentation based on Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL OIL & GAS AUTOMATION MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
4 GLOBAL OIL & GAS AUTOMATION MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE MODEL
4.4 VALUE CHAIN ANALYSIS
5 GLOBAL OIL & GAS AUTOMATION MARKET, BY TECHNOLOGY
5.1 OVERVIEW
5.2 DISTRIBUTED CONTROL SYSTEM (DCS)
5.3 ENTERPRISE RESOURCE PLANNING (ERP)
5.4 SUPERVISORY CONTROL AND DATA ACQUISITION (SCADA)
5.5 MACHINE EXECUTION SYSTEM (MES)
5.6 PRODUCT LIFECYCLE MANAGEMENT (PLM)
5.7 PROGRAMMABLE LOGIC CONTROLLER (PLC)
5.8 OTHER TECHNOLOGIES
6 GLOBAL OIL & GAS AUTOMATION MARKET, BY COMPONENT
6.1 OVERVIEW
6.2 HARDWARE
6.3 SOFTWARE
6.4 SERVICE
7 GLOBAL OIL & GAS AUTOMATION MARKET, BY PROCESS
7.1 OVERVIEW
7.2 MIDSTREAM
7.3 UPSTREAM
7.4 DOWNSTREAM
8 GLOBAL OIL & GAS AUTOMATION MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3. 1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA
9 GLOBAL OIL & GAS AUTOMATION MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
10 COMPANY PROFILES
10.1 ABB LIMITED
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.2 YOKOGAWA ELECTRIC CO
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.3 ALSTOM
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.4 WEATHERFORD INTERNATIONAL LIMITED
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.5 BAKER HUGHES INCORPORATED
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.6 TYCO INTERNATIONAL LIMITED
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS
10.7 BP PLC
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
10.8 SIGIT INCORPORATED
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS
10.9 EATON CORP PLC
10.9.1 OVERVIEW
10.9.2 FINANCIAL PERFORMANCE
10.9.3 PRODUCT OUTLOOK
10.9.4 KEY DEVELOPMENTS
10.10 SIEMENS AG
10.10.1 OVERVIEW
10.10.2 FINANCIAL PERFORMANCE
10.10.3 PRODUCT OUTLOOK
10.10.4 KEY DEVELOPMENTS
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