n the short term, midstream companies are minimally impacted due to low energy prices and a decline in the price of oil. Since contracts in the oil and gas industry are fee-based, most contracts are finalized at fixed rates and contain minimum volume commitments or guarantees of minimum ROI. The augmented implementation of automation solutions, such as SCADA and DCS, to overcome issues like the unstable flow of fluids in pipelines and risers in the midstream infrastructure will lead to the growth of this market over the next four years.
Another trend influencing this market’s growth is the availability of automation solutions on the cloud. In the oil and gas sector, automation solutions are likely to be the next logical step in the evolution of automation technology. By shifting towards cloud-based environments, oil and gas companies can significantly reduce costs, achieve greater flexibility, and enhance functionality. A cloud-based platform shifts the task of maintaining data from the oil and gas service companies to the cloud service provider and eliminates the expenses incurred and problems related to the hardware layer of IT infrastructure for companies.
In 2019, the market size of Automation Solutions in Oil and Gas is 76900 million US$ and it will reach 82400 million US$ in 2025, growing at a CAGR of 1.0% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Automation Solutions in Oil and Gas.
This report studies the global market size of Automation Solutions in Oil and Gas, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Automation Solutions in Oil and Gas production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
ABB Ltd.
Emerson Electric Co.
Endress+Hauser AG
Fanuc Corp.
General Electric Co.
Hitachi, Ltd.
Honeywell International Inc.
Mitsubishi Electric Corp.
Rockwell Automation Inc.
Schneider Electric SE
Siemens AG
Yokogawa Electric Corporation
Market Segment by Product Type
Supervisory Control and Data Acquisition (SCADA)
Programmable Logic Controller (PLC)
Distributed Control Systems (DCS)
Manufacturing Execution System (MES)
Safety Instrumented System (SIS)
Other Systems
Market Segment by Application
Oil
Gas
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Automation Solutions in Oil and Gas status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Automation Solutions in Oil and Gas manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Automation Solutions in Oil and Gas are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Automation Solutions in Oil and Gas. Industry analysis & Market Report on Automation Solutions in Oil and Gas is a syndicated market report, published as Global (United States, European Union and China) Automation Solutions in Oil and Gas Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Automation Solutions in Oil and Gas market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.