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Market Size in USD Billion
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USD 17.70 Billion |
| USD 23.85 Billion | |
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Global Oil and Gas Automation and Instrumentation Market, By Solution (Supervisory Control and Data Acquisition (SCADA), Programmable Logic Controller (PLC), Distributed Control Systems (DCS), Safety Automation, Advanced Process Control (APC), Manufacturing Execution System (MES)), Instruments (Field Instruments, Control Valves, Leakage Detection System, Flow Computer, Communication), Process (Upstream Process, Midstream Process, Downstream Process)-Industry Trends and Forecast to 2029.
Cost savings, increased output, and greater safety and security are all advantages of automating the processes. The usage of automation and instrumentation in the exploration process has influenced the growth of the oil and gas automation and instrumentation market significantly. Automation and instrumentation have been recognised by industry participants as a critical step toward speedier operations and higher performance in the oil and gas industry.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Solution (Supervisory Control and Data Acquisition (SCADA), Programmable Logic Controller (PLC), Distributed Control Systems (DCS), Safety Automation, Advanced Process Control (APC), Manufacturing Execution System (MES)), Instruments (Field Instruments, Control Valves, Leakage Detection System, Flow Computer, Communication), Process (Upstream Process, Midstream Process, Downstream Process)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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ABB (Switzerland), Yokogawa India Ltd. (Japan), Baker Hughes Company (US), BP plc (UK), SIGIT (Oman), Emerson Electric Co. (US), Mitsubishi Electric Corporation (Japan), Schneider Electric (France), Endress+Hauser Group Services AG (US), Schlumberger Limited (US), Halliburton (US), Rockwell Automation, Inc. (US), Honeywell International Inc. (US), INTECH (US), OMRON Corporation (Japan), Oil India Limited (India), Branom Instrument Co. (US), Eaton (Ireland) and Siemens (US).
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Market Opportunities
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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. 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
Despite shifting oil prices, demand for oil and gas has remained consistent. However, the global energy use is steadily increasing which is further anticipated to propel the growth of the market.
Implementation of automation and instrumentation in the oil and gas sector has been recognised as a critical step by industry participants in achieving faster operations and higher performance which will further accelerate the growth of the market.
The growing relevance of functional time reduction through automation and instrumentation is further contributing to the market growth.
In addition, the rise in the development of the conventional energy business is further estimated to provide potential opportunities for the growth of the oil and gas automation and instrumentation market in the coming years.
On the other hand, the decrease in the oil and gas prices have an influence on the infrastructure investments is further projected to impede the growth of the oil and gas automation and instrumentation market in the targeted period. However, the rising move towards the renewable energy sources might further challenge the growth of the oil and gas automation and instrumentation market in the near future.
This oil and gas automation and instrumentation market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the oil and gas automation and instrumentation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
The pandemic of COVID-19 has had a huge impact on the oil and gas automation and instrumentation market. The COVID-19 epidemic slowed the expansion of numerous process sectors, which is expected to affect demand for process automation and instrumentation technologies. However, in the post-COVID scenario, oil and gas automation and instrumentation market is projected to be significantly impacted as the restrictions imposed by government has been completely uplifted and the production and exploration are carried out at a full capacity.
Recent Development
The oil and gas automation and instrumentation market is segmented on the basis of solution, instruments and process. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Solution
On the basis of solution, the oil and gas automation and instrumentation market is segmented into supervisory control and data acquisition (SCADA), programmable logic controller (PLC), distributed control systems (DCS), safety automation, advanced process control (APC) and manufacturing execution system (MES). Safety automation is further sub segmented into burner management systems (BMS), emergency shutdown systems (ESD), fire and gas monitoring and control, high integrity pressure protection systems (HIPPS) and turbomachinery control (TMC).
Instruments
On the basis of instruments, the oil and gas automation and instrumentation market is segmented into field instruments, control valves, leakage detection system, flow computer, and communication. Field instruments have further been sub segmented into pressure transmitter, flow meter and temperature transmitter. Control valves have further been sub segmented into linear valves and rotary valves and components of control valve. Components of control valve have further been sub segmented into valve body, actuators, positioners and I/P converters. Communication is been sub segmented into wired protocols and wireless protocols.
Process
On the basis of process, the oil and gas automation and instrumentation market is segmented into upstream process, midstream process and downstream process.
The oil and gas automation and instrumentation market is analysed and market size insights and trends are provided by country, solution, instruments and process as referenced above.
The countries covered in the oil and gas automation and instrumentation market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
Middle East and Africa dominates the oil and gas automation and instrumentation market due to the rise in the demand for industrial automation for oil and gas. Furthermore, the growing number of oil reserves and refineries will further boost the growth of the oil and gas automation and instrumentation market in the region during the forecast period.
Asia-Pacific is projected to observe significant amount of growth in the rise in the development of the oil and gas industry. Moreover, the initiatives taken by the government promoting conventional energy industry is further anticipated to propel the growth of the oil and gas automation and instrumentation market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The oil and gas automation and instrumentation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to oil and gas automation and instrumentation market.
Some of the major players operating in the oil and gas automation and instrumentation market are:
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To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Oil And Gas Automation And Instrumentation Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Oil And Gas Automation And Instrumentation Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.