The dependence of the oil and gas industry on automation has augmented in the last decade and is projected it will be double in the next few years. Automation gives operators immediate access to important performance, condition, and technical information which accelerate decision-making, troubleshooting, and performance efficiency. The development and modernization of infrastructure coupled with increased demand for oil and gas and rise in oil and gas refineries particularly in the oil-based countries such as Saudi Arabia, Kuwait, and others. This key factor boosts the growth of the Oil & Gas Automation & Control Systems market.
Moreover, drilling is an expensive process in the oil & gas industry, and it involves huge safety risks for the workers. Automating manual portions of that process, like pipe handling and pressure drilling can significantly lessen safety risks, and speed up the overall drilling process. Hence, bigger demand for an efficient system coupled with technological progression is anticipated to boost the growth of Oil & Gas Automation & Control Systems market at a large scale.
Furthermore, automation helps in diagnostics and inspections of the machinery as well. Unmanned drones or submersible devices help to monitor and support the inspection process. Further, these vehicles are controlled remotely, and can even broadcast live video feeds and data back to a central location. Therefore, increased use of drones or submersible devices to further inspection the process is projected to enhance the growth of the global Oil & Gas Automation & Control Systems market.
On the contrary, strict restrictions that are imposed to control the adverse effects on the environment along with, the rigid regulations imposed on oil & gas drilling activities limit the growth of Oil & Gas Automation and Control System market. Besides this, increased demand for crude oil in several industries such as industrial activities, transportation and others are anticipated to create lucrative opportunities for the oil & gas automation & control systems market in the forthcoming years.
Covid-19 Impact on Oil & Gas Automation & Control Systems Market
As around one-third of the global population is staying indoors owing to nationwide lockdown, stay-at-home orders, and restrictions on movement, the energy demand has sharply dipped. By the end of 2020, approximately, a decline in 5% of the energy demand was been recorded. Also, waning in corresponding gas and oil demands of 4% and 9%, respectively were registered in 2020. Currently, the energy market is at a historic low with surplus supplies. However, the situation is expected to ease up with a lift in lockdown restrictions and end-use industries start operating with great efficiencies.
Oil & Gas Automation & Control Systems Market Segment Overview
Based on Application, the Upstream is the largest segment in the global Oil & Gas Automation & Control Systems market. The upstream industry finds and produces crude oil and natural gas. The upstream is sometimes also known as the exploration and production (E&P) sector. Additionally, Upstream profitability mostly depends on production and surface operations efficiency. With the considerable number of offshore production platforms, incremental improvements in operational efficiency yield meaningful financial gains. In addition to this, carefully targeted automation can cut costs and, more importantly, can also improve the reliability of production equipment, which in turn extends an asset's economic life and improves profitability.
Oil & Gas Automation & Control Systems Market, By Technology
· Distributed Control System (DCS)
· Programmable Logic Controller (PLC)
· Safety Instrumented System (SIS)
· Supervisory Control and Data Acquisition (SCADA)
· Manufacturing Execution System (MES)
· Other
Oil & Gas Automation & Control Systems Market, By Application
· Upstream
· Midstream
· Downstream
· Onshore
· Offshore
Oil & Gas Automation & Control Systems Market Regional Overview
In terms of region, North America commanded a major share of the global Oil & Gas Automation & Control Systems market and is predictable to maintain its supremacy over the forecast period. This is attributable to the factors such as the presence of well-established infrastructure, increase in government projects to increase the production of oil and gas coupled with technological advancements are expected to contribute more to the growth of the market in this region. In addition, the United States is the largest market for oil and gas in North America. The country's newfound shale resources and government policies that aim at making the country the top oil and gas producer in the next few years are anticipated to boost the demand for Oil & Gas Automation & Control Systems. This key factor further intensifies the growth of the market in this region. Likewise, the market in the Asia Pacific is anticipated to show rapid growth with a gradual increase in market share during the forecast period. An increase in oil and gas refineries is projected to support the market’s growth in this region.
Oil & Gas Automation & Control Systems Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Oil & Gas Automation & Control Systems Market, Key Players
· ABB Ltd.
· Mitsubishi Electric Corporation
· Cameron International Corporation
· Emerson Electric Company
· Honeywell International
· Rockwell Automation
· Siemens AG
· Yokogawa Electric Corp.
· Schneider Electric
· Texas Instruments
· General Electric
· Danaher Corporation
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Oil & Gas Automation & Control Systems Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Technology
- 5.2.1. Distributed Control System (DCS)
- 5.2.2. Programmable Logic Controller (PLC)
- 5.2.3. Safety Instrumented System (SIS)
- 5.2.4. Supervisory Control and Data Acquisition (SCADA)
- 5.2.5. Manufacturing Execution System (MES)
- 5.2.6. Other
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Upstream
- 5.3.2. Midstream
- 5.3.3. Downstream
- 5.3.4. Onshore
- 5.3.5. Offshore
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Oil & Gas Automation & Control Systems Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Technology
- 6.2.1. Distributed Control System (DCS)
- 6.2.2. Programmable Logic Controller (PLC)
- 6.2.3. Safety Instrumented System (SIS)
- 6.2.4. Supervisory Control and Data Acquisition (SCADA)
- 6.2.5. Manufacturing Execution System (MES)
- 6.2.6. Other
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Upstream
- 6.3.2. Midstream
- 6.3.3. Downstream
- 6.3.4. Onshore
- 6.3.5. Offshore
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Oil & Gas Automation & Control Systems Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Technology
- 7.2.1. Distributed Control System (DCS)
- 7.2.2. Programmable Logic Controller (PLC)
- 7.2.3. Safety Instrumented System (SIS)
- 7.2.4. Supervisory Control and Data Acquisition (SCADA)
- 7.2.5. Manufacturing Execution System (MES)
- 7.2.6. Other
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Upstream
- 7.3.2. Midstream
- 7.3.3. Downstream
- 7.3.4. Onshore
- 7.3.5. Offshore
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Oil & Gas Automation & Control Systems Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Technology
- 8.2.1. Distributed Control System (DCS)
- 8.2.2. Programmable Logic Controller (PLC)
- 8.2.3. Safety Instrumented System (SIS)
- 8.2.4. Supervisory Control and Data Acquisition (SCADA)
- 8.2.5. Manufacturing Execution System (MES)
- 8.2.6. Other
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Upstream
- 8.3.2. Midstream
- 8.3.3. Downstream
- 8.3.4. Onshore
- 8.3.5. Offshore
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Oil & Gas Automation & Control Systems Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Technology
- 9.2.1. Distributed Control System (DCS)
- 9.2.2. Programmable Logic Controller (PLC)
- 9.2.3. Safety Instrumented System (SIS)
- 9.2.4. Supervisory Control and Data Acquisition (SCADA)
- 9.2.5. Manufacturing Execution System (MES)
- 9.2.6. Other
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Upstream
- 9.3.2. Midstream
- 9.3.3. Downstream
- 9.3.4. Onshore
- 9.3.5. Offshore
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. ABB Ltd.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Mitsubishi Electric Corporation
- 10.6. Cameron International Corporation
- 10.7. Emerson Electric Company
- 10.8. Honeywell International
- 10.9. Rockwell Automation
- 10.10. Siemens AG
- 10.11. Yokogawa Electric Corp.
- 10.12. Schneider Electric
- 10.13. Texas Instruments
- 10.14. General Electric
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
