The Oil & Gas Automation Market is expected to register a CAGR of over +8.47% during the forecast period, 2019 – 2026.
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, industry expertise, and an extensive partner network. Process automation helps oil and gas producers to integrate information, as well as control, power, and provide safety solutions, in order to respond to the dynamic global Oil & Gas Automation market demand.
The increasingly diverse energy market and a shortage of skilled labor the automation of daily operations will be a key factor for sustainable growth in the oil & gas industry. With a growing worldwide population, the demand for new energy sources will increase as well as increase the costs for energy companies. By automating portions of daily operations, both on the job site and in the office, oil & gas companies can not only create efficiencies within their business but will also mitigate the effects caused by a lack of skilled labor currently available in the Oil & Gas Automation market.
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Top Key Players Covered:
- 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,
- Robert Bosch GmbH,
- Texas Instruments Inc.,
- Johnson Controls Inc.
A topographical region of Oil & Gas Automation Market has also been analyzed by offering deep dive into research practices such as primary and secondary research. The UAE has the world’s seventh largest reserves of both oil and natural gas, estimated at 97.8 million barrels and 215 trillion cubic feet, respectively. Most of the UAE’ reserves are in Abu Dhabi (95% of the nation’s oil reserves and about 94% of its gas reserves), both offshore and onshore. A heavy program of investment in Abu Dhabi, amounting to more than USD 70 billion, continues as the Emirate’s Supreme Petroleum Council (SPC) and the Abu Dhabi National Oil Company (ADNOC) are estimated to have achieved a target of 3.5 million bpd by 2017.Besides oil exploration, gas production is another prominent industry arm. Abu Dhabi’s gas production has increased significantly in recent years due to major projects to integrate offshore and onshore production of associated gas from large oil fields and reduce gas flaring.
Oil & Gas Automation Market Segmentation:
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)
Oil & Gas Automation Market by Process:
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Following factors have been investigated through this research report:
- Global latest trends in the Oil & Gas Automation market
- Global market segmentation along with their subtypes
- Tapping of global opportunities
- Identification of global clients along with identification of potential customers
- Establishment of Oil & Gas Automation market standings
Different dynamic factors of the global market are also elaborated to get a complete analysis of internal and external driving or restraining factors. Moreover, increasing demand and popularity of oil and gas sectors are driving the global Oil & Gas Automation market. The research report has been made using data exploratory techniques such as qualitative and quantitative analysis.
Report Consultant recognizes the manufacturing base, productivity and financial aspects of the global Oil & Gas Automation market. This statistical report covers a wide-ranging examination of the global market to make well-informed business decisions.
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