According to Stratistics MRC, the Global Industrial Automation Oil & Gas Market is accounted for $14.90 billion in 2020 and is expected to reach $24.85 billion by 2028 growing at a CAGR of 6.6% during the forecast period. While the factors like implementation of industrial internet of things (IIoT) and the need for optimum and effective exploration of aging reservoirs are driving the market growth. However, the lack of skilled professionals is hindering the market growth.
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By geography, Asia Pacific is going to have lucrative growth due to the large-scale advancements and technological innovations in the oil & gas industry. China was the epicentre of the COVID-19 outbreak, and the resultant shutdowns and supply chain disruptions dealt a major blow to the economic activities in APAC.
Some of the key players profiled in the Industrial Automation Oil & Gas Market include Yokogawa Electric, WIKA, Thermo Fisher Scientific, Siemens AG, Ametek, Rockwell Automation, Inc., Phoenix Contact, Omron Corporation, National Instruments Corporation, FANUC, KUKA, Emerson Electric, Honeywell International, Hitachi, General Electric, Fuji Electric, Mitsubishi Electric Corp., Endress+Hauser, Schneider Electric, Danfoss, Cisco Systems, KROHNE Group, and ABB.
Streams Covered:
• Downstream
• Midstream
• Upstream
Components Covered:
• Control Valves
• Field Instruments
• Human–Machine Interface (HMI)
• Industrial Personal Computer (PC)
• Industrial Robots
• Intelligent Pigging
• Process Analyzer
• Vibration Monitoring
• Other Components
Solutions Covered:
• Distributed Control Systems (DCS)
• Functional Safety
• Manufacturing Execution System (MES)
• Plant Asset Management (PAM)
• Programmable Logic Controller (PLC)
• Supervisory Control and Data Acquisition (SCADA)
• Advanced Process Control (APC)
• Safety Automation
Applications Covered:
• Offshore
• Onshore
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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