The global oil and gas automation market is expected to reach an estimated $37.1 billion by 2030 with a CAGR of 6.8% from 2024 to 2030. The major drivers for this market are the growing use of digital technology in the oil and gas sector, expanding traditional energy enterprises, and increasing energy use as a result of ineffective procedures.
The future of the global oil and gas automation market looks promising with opportunities in the upstream, midstream, and downstream markets.
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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The future of the global oil and gas automation market looks promising with opportunities in the upstream, midstream, and downstream markets.
Oil and Gas Automation by Segment
The study includes a forecast for the global oil and gas automation by component, process, technology, and region.Oil and Gas Automation Market by Component [Shipment Analysis by Value from 2018 to 2030]:
- Hardware
- Software
- Service
Oil and Gas Automation Market by Process [Shipment Analysis by Value from 2018 to 2030]:
- Midstream
- Upstream
- Downstream
Oil and Gas Automation Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
- Distributed Control System (DCS)
- Enterprise Resource Planning (ERP)
- Supervisory Control and Data Acquisition (SCADA)
- Machine Execution System (MES)
- Product Lifecycle Management (PLM)
- Programmable Logic Controller (PLC)
- Other Technologies
Oil and Gas Automation Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Oil and Gas Automation Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies oil and gas automation companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the oil and gas automation companies profiled in this report include:- ABB
- Alstom
- Baker Hughes
- Eaton
- Emerson Electric
- Siemens
- SIGIT
- Tyco International
- Weatherford International
- Yokogawa Electric
Oil and Gas Automation Market Insights
- Hardware is expected to witness the highest growth over the forecast period due to includes essential devices such flow computers, control valves, leak detection systems, field instruments, and communication devices.
- Within this market, upstream will remain the largest segment due to quick return on investment.
- APAC is expected to witness the highest growth over the forecast period due to growth in the conventional energy industry in the region.
Features of the Global Oil and Gas Automation Market
- Market Size Estimates: Oil and gas automation market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Oil and gas automation market size by component, process, technology, and region in terms of value ($B).
- Regional Analysis: Oil and gas automation market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different component, process, technology, and regions for the oil and gas automation market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the oil and gas automation market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the oil and gas automation market by component (hardware, software, and service), process (midstream, upstream, and downstream), technology (distributed control system (DCS), enterprise resource planning (ERP), supervisory control and data acquisition (SCADA), machine execution system (MES), product lifecycle management (PLM), programmable logic controller (PLC), and other technologies), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Oil and Gas Automation Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- ABB
- Alstom
- Baker Hughes
- Eaton
- Emerson Electric
- Siemens
- SIGIT
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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