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Key Players Analysis and Projections, Future Opportunities Until 2030 of Global Oil & Gas Automation Market |Yokogawa Electric Corporation, Siemens Corporation, etc.

Introduction:

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, extensive partner network, and industry expertise. Process automation help oil and gas producers to integrate information, as well as power, control, and provide safety solutions, in order to respond to the dynamic global demand. The oil and gas sector functions in three primary sectors or streams. The upstream sector that engages in drilling and exploration activities. The mid-stream sector involves in transportation and processing of gas. The down-stream involves in refining and distribution of the oil and gas products. In the case of the upstream sector of the oil and gas, several drilling activities that need to meet stringent government regulations, and require intense planning to bring down operational costs, often employ huge sets of spatial data to make several decisions.

Drivers and Restraints:

Increasing oil consumption is the major factor driving growth of the global oil & gas automation market. From the past, it is observed that, even though the oil prices are fluctuating, the demand for oil and gas remained stable. Price of oil per barrel has went to a peak level of more than US$ 140, and also, a trough low to US$ 20, but the average energy consumption,  worldwide, is steadily growing. As per 2017, it is accounted that the world spent over 98 million barrels of oil every day, representing a growth of almost 2%, as compared to 2016. Such a rate of consumption was primarily boosted by increasing demand from the automobiles and reduced crude oil prices. Increasing demand for remote management in the oil & gas industry coupled with rising exploration and production (E&P) activities, both in offshore and onshore oilfields are key factors propelling growth of the global market. In addition, growing inclination towards process optimization through digitalization and automation, and increasing penetration of cloud computing services in SCADA system are other factors projected to propel growth of the global market over the forecast period. However, volatile oil price situation may hamper growth of the target market over the forecast period.

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  1. Global Oil & Gas Automation Market, By Offerings, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Hardware
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Software
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Service
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  2. Global Oil & Gas Automation Market, By Technology, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Supervisory Control and Data Acquisition (SCADA)
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Programmable Logic Controller (PLC)
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Distributed Control System (DCS)
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Machine Execution System (MES)
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Product Lifecycle Management (PLM)
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Enterprise Resource Planning (ERP)
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Human Machine Interface (HMI)
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Other Technologies
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  3. Global Oil & Gas Automation Market, By Process, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Upstream
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Midstream
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Downstream
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030

Company Profile:

      • Mitsubishi Electric Corporation *
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Performance
  • Schneider Electric SE
  • Emerson Electric Co.
  • Eaton Corporation
  • Dassault Systemes
  • Honeywell International, Inc.
  • ABB Ltd.
  • Rockwell Automation Inc.
  • Yokogawa Electric Corporation
  • Siemens Corporation

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