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Pulished Date March, 2021
ID: 11265
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Industrial Automation Oil and Gas market segmentation by Component (industrial robots, control valves, field instruments, HMI, industrial PC, process analyzer, intelligent pigging, vibration monitoring) By Solutions (SCADA, PLC, DCS, MES, Functional safety, PAM) By Stream (upstream, midstream, downstream) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2026.

Pulished: March, 2021
ID: 11265
Pages: 175

Industrial Automation Oil and Gas Market Size, Trends & Growth (2021 - 2026)

Fully Integrated Automation Systems (TIAS) offer a range of products for efficient automation of the entire production flow. TIAS also enables interoperability, linking systems and equipment. This optimizes production processes, increases time to market, and reduces life cycle costs. One of the main reasons for automation is the prevention of accidents and dangerous situations. Various solutions, such as remotely mounted transmitters, dust-tight enclosures, and non-contact sensors, help prevent serious accidents and dangerous situations.

In oil and gas industry measures, there is consistently an appeal for security and dependability. The supply network in this industry makes an extraordinary requirement for computerization, industry aptitude, and a broad accomplice organization. Process automation helps oil and gas makers coordinate data just as control, enable and convey security solutions to fulfill dynamic worldwide needs. Although oil prices have returned to their usual prices, the reductions in the name of reserve development and the OPEC decision are expected to create supply constraints. Reducing oil production in order to balance the situation of overproduction could be a wise choice. But the prolonged cuts, until the end of 2018, raise fears that this situation will plunge the world into a supply shock. Recovering from the oversupply situation is a critical step for the global oil and gas industry. However, an improvement over the case of a supply shock can lead to unexpected results, which will negatively affect all industries.

Recent Developments:

  • GE will combine its digital and manufacturing platform with Baker Hughes oilfield technology and services to create a new Baker Hughes.
  • Siemens prepares to launch a new energy company.
  • Oil and gas organizations are utilizing far-off availability and enlarged reality to develop site profitability, lessen costs, and improve security. Rockwell Automation accepts that these advances will improve unwavering operational quality, assisting organizations with making information, frameworks, and cycles more open and accessible.
  • Eni announces a new oil discovery at the Saasken exploration prospect in block 10, located in the mid-deep waters of the Salina Basin in the Sureste basin, off Mexico. According to preliminary estimates, the new discovery could contain between 200 and 300 million barrels of oil at the site.

IMPACT OF COVID-19 ON INDUSTRIAL AUTOMATION OIL AND GAS MARKET:

COVID-19 has become a global pandemic that has spread to 215 countries around the world and has affected various industries around the world. The dynamics in which various industries operated will change dramatically. As the world continues to grapple with this crisis, many industries continue to experience a steady decline. COVID-19 has spread around the world, starting with APAC, then moving to Europe, and currently accelerating in North America. COVID-19 has affected almost every continent; however, the United States, Russia, Brazil, India, the United Kingdom, Spain, Italy, and Germany have experienced a sharp increase in diagnosed cases. Globalization and the interconnected economies of most countries would be affected by COVID-19. Due to the imposition of blockades in different countries, companies face serious cash flow problems. The shutdown or slowdown in industrial automation oil and gas manufacturing, as well as supply chain logistics disruptions globally due to the COVID-19 outbreak, have resulted in reduced demand for oil and industrial automation gas.

Drivers and Restraints of Industrial Automation Oil and Gas Market:

Drivers: 

Advances in technology have led to a connected company, helping the oil and gas industry move closer to operational excellence. Cloud, mobility, and analytics provide an actionable view of production data in real-time. In this way, the corresponding response to problems can be provided as soon as they arise, from anywhere in the world. Exploration and production improvements can potentially increase efficiency and productivity. Automation is becoming more complex every day. Initially, it was limited to the controls of the machine. Now and in the future, automation techniques should allow control and management of assets. Automation helps reduce energy consumption and make optimal use of generated data.

Restraints:

Oil and gas, a dynamic global industry, often faces challenges in managing costs, extracting high-value from current assets, and maximizing uptime.

Industrial Automation Oil and Gas Market Segmentation:

By Component:

  • Industrial Robots 
  • Control Valves 
  • Field Instruments 
  • HMI 
  • Industrial PC 
  • Process Analyzer 
  • Intelligent Pigging 
  • Vibration Monitoring 

Control Valves segment is ruling with the highest shares of the market during the forecast period. Processing plants are comprised of thousands of control circuits that are associated with make items. Control valves are the last control component in different cycle ventures. They are constrained by PLC to deal with the progression of liquids. These valves control measure factors like pressure, temperature, and fluid levels. The expanding intricacy of the assembling and appropriation units in the preparing ventures adds to a consistent expansion in their interest. Control valves offer the advantage of remotely monitoring and regulating the flow of a process. These factors are driving the growth of the oil and gas industrial automation market for control valve components.

By Solutions:

  • SCADA 
  • PLC 
  • DCS 
  • MES 
  • Functional Safety 
  • PAM 

SCADA segment is projected to have the highest growth opportunities among all. This growth is attributed to the enormous development of industries in India and China. This factor is predicted to make an excellent demand for automation products that include DCS systems.

By Stream:

  • Upstream 
  • Midstream 
  • Downstream 

Industrial Automation Oil and Gas Market Region-wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada

North America is holding with the very best shares of the market. In 2017, US exports of crude oil, liquefied natural gas (LNG), and refined products continued to increase, fitting perfectly with the new administration's motto of "energy dominance" for the United States.

  1. Europe
    1. Norway
    2. Germany
    3. Sweden

Europe is deemed to have a significant growth rate in the foreseen years with the growing investments in the development of new technologies. 

  1. Asia Pacific
    1. China
    2. India
    3. Japan

Asia Pacific market shares are expected to hit the highest value by the end of 2026. The growth of this market is driven by the burgeoning manufacturing industry with ever-changing trends and continuous advancements in automation technologies. Companies are looking for improved oil and gas industrial automation solutions and predictive alert solutions, as well as analyzing their systems to reduce overall O&M costs. In the APAC locale, the sending of industrial automation parts and solutions for oil and gas is required to increment quickly over the estimated period in China, India, and Malaysia.

  1. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  2. The Middle East and Africa

a. Middle East

b. Africa

Key Players of Market: 

Key players operating in the global Oil & Gas Automation market include ABB Ltd. (Switzerland), Endress+Hauser AG (Switzerland), Emerson Electric Co. (US), General Electric (US), Rockwell Automation, Inc. (US), Schneider Electric SE (France), Siemens AG (Germany), Mitsubishi Electric Corp. (Japan), Honeywell International Inc. (US), and Yokogawa Electric Corp. (Japan).

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Industrial Automation Oil and Gas Market, By Components                 

                    6.1.1 Industrial Robots     

                    6.1.2 Control Valves         

                    6.1.3 Field Instruments     

                    6.1.4 HMI     

                    6.1.5 Industrial PC  

                    6.1.6 Process Analyzer     

                    6.1.7 Intelligent Pigging   

                    6.1.8 Vibration Monitoring          

                    6.1.9 Market Size Estimations & Forecasts (2021-2026)        

                    6.1.10 Y-o-Y Growth Rate Analysis       

                    6.1.11 Market Attractiveness Index       

          6.2 Industrial Automation Oil and Gas Market, By Solutions            

                    6.2.1 SCADA 

                    6.2.2 PLC     

                    6.2.3 DCS    

                    6.2.4 MES    

                    6.2.5 Functional Safety     

                    6.2.6 PAM    

                    6.2.7 Market Size Estimations & Forecasts (2021-2026)        

                    6.2.8 Y-o-Y Growth Rate Analysis         

                    6.2.9 Market Attractiveness Index         

          6.3 Industrial Automation Oil and Gas Market, By Stream               

                    6.3.1 Upstream      

                    6.3.2 Midstream     

                    6.3.3 Downstream  

                    6.3.4 Market Size Estimations & Forecasts (2021-2026)        

                    6.3.5 Y-o-Y Growth Rate Analysis         

                    6.3.6 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Components        

                    7.2.3 By Solutions   

                    7.2.4 By Stream      

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Components        

                    7.3.3 By Solutions   

                    7.3.4 By Stream      

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Components        

                    7.4.3 By Solutions   

                    7.4.4 By Stream      

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Components        

                    7.5.3 By Solutions   

                    7.5.4 By Stream      

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Components        

                    7.6.3 By Solutions   

                    7.6.4 By Stream      

8. Key Player Analysis                           

          8.1 ABB Ltd            

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 Emerson Electric Co.             

          8.3 Siemens AG                

          8.4 General Electric           

          8.5 Rockwell Automation, Inc.               

          8.6 Schneider Electric SE             

          8.7 Siemens AG                

          8.8 Mitsubishi Electric Corp.                  

          8.9 Honeywell International Inc.            

          8.10 Yokogawa Electric Corp.                

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by type, by application, by end-user, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Industrial Automation Oil and Gas Market By Region, From 2021-2026 ( USD Billion )
  2. Global Industrial Automation Oil and Gas Market By Component, From 2021-2026 ( USD Billion )
  3. Global Industrial Robots  Market By Region, From 2021-2026 ( USD Billion )
  4. Global Control Valves  Market By Region, From 2021-2026 ( USD Billion )
  5. Global Field Instruments  Market By Region, From 2021-2026 ( USD Billion )
  6. Global HMI  Market By Region, From 2021-2026 ( USD Billion )
  7. Global Industrial PC  Market By Region, From 2021-2026 ( USD Billion )
  8. Global Process Analyzer  Market By Region, From 2021-2026 ( USD Billion )
  9. Global Intelligent Pigging  Market By Region, From 2021-2026 ( USD Billion )
  10. Global Vibration Monitoring  Market By Region, From 2021-2026 ( USD Billion )
  11. Global Industrial Automation Oil and Gas Market By Solutions, From 2021-2026 ( USD Billion )
  12. Global SCADA  Market By Region, From 2021-2026 ( USD Billion )
  13. Global PLC  Market By Region, From 2021-2026 ( USD Billion )
  14. Global DCS  Market By Region, From 2021-2026 ( USD Billion )
  15. Global MES  Market By Region, From 2021-2026 ( USD Billion )
  16. Global Functional Safety  Market By Region, From 2021-2026 ( USD Billion )
  17. Global PAM  Market By Region, From 2021-2026 ( USD Billion )
  18. Global Industrial Automation Oil and Gas Market By Stream, From 2021-2026 ( USD Billion )
  19. Global Upstream  Market By Region, From 2021-2026 ( USD Billion )
  20. Global Midstream  Market By Region, From 2021-2026 ( USD Billion )
  21. Global Downstream  Market By Region, From 2021-2026 ( USD Billion )

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