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Oil and Gas Automation Market Share, Size 2020: Global Industry Details by Top Players, Price, Raw Materials, Recent Trends, Supply-Demand, Development Trend and End User Analysis, Outlook for 2023

Oil and Gas Automation Industry 2020- Global Market Research report includes a comprehensive analysis of the Oil and Gas Automation Market size, growth, and share, trends, consumption, sections, application and Forecast 2023.

Get a sample copy of the report at-https://www.marketreportsworld.com/enquiry/request-sample/12346041

The "Oil and Gas Automation" Market 2020-2023 Report involve of strong research on global Oil and Gas Automation industry which enables the customer to look at the possible requirement as well as prediction. The constraints and drivers are assembled after a significant study of the global Oil and Gas Automation market’s proficiency. The development ratio which is expected in perspective of the rational analysis provides thorough information of the worldwide Oil and Gas Automation industry.

Moreover, development policies and plans are discussed as well as manufacturing processes and cost structures. This report also states Oil and Gas Automation market trend, import/export, supply and consumption figures as well as cost, price, revenue and gross margin by regions, and other regions can be added.Oil and Gas Automation market forecast For the period of 2020-2023, this study provides the Oil and Gas Automation sales, revenue and market share for each player covered in this report.

TopManufacturersListed inthe Oil and Gas Automation Market Report are:

  • ABB Ltd.
  • Honeywell International Inc.
  • Rockwell Automation Inc.
  • Mitsubishi Corporation
  • Schneider Electric SE
  • Emerson Electric Co.
  • Eaton Corporation
  • Dassault Systems
  • Yokogawa Electric Corporation
  • Siemens Corporation
  • Robert Bosch GmbH
  • Texas Instruments Inc.
  • Johnson Controls Inc.

The oil and gas automation market was valued at USD 11.23 billion in 2019 and is expected to reach a value of USD 18.03 billion by 2023 at a CAGR of 8.02% over the forecast period (2018 - 2023). The scope of the study covers several types of control systems and associated instrumentation used for industrial oil and gas control, such systems can range from large interconnected and interactive distributed control systems with many thousands of field connections to a few modular panel-mounted controllers.

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 and 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 and 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 market.

Need For Higher Productivity and Efficiency

The current oil price environment is forcing major change along with difficult decisions within the oil and gas industry. New operating models and approaches that improve CAPEX and OPEX are required to respond to short-term and mid-term market supply and demand dynamics. The longer-term market dynamics need sustainable solutions that bolster safety as well as keep environmental performance an evergreen priority. From drill pad to refinery, Automation helps operators achieve this unique balance through a spectrum of upstream, midstream, and downstream technological innovations and solutions. The oil and gas industry is faced with several challenges including price volatility, uncertain energy policy, cost containment, worsening fiscal terms, and day-to-day operational challenges. Successful operation requires the ability to respond quickly and efficiently to these dynamic conditions. Upstream companies are challenged by severe resource constraints while struggling to increase production and replace proven reserves. Meanwhile, downstream companies are facing working capital and profit margin pressures. The processes and systems involved in the industry are exploration, production, refining, and marketing, therefore, the oil and gas industry is highly complex, capital-intensive, and requires state-of-the-art technology. Needless to say that the oil and gas companies are pressurized to adapt to dynamic technological advancements, increase productivity, and yet keep costs under control. This brings forward the urgent need for a higher-than-ever degree of collaboration and data-driven decision-making to optimize costs and maximize effectiveness and efficiency.

Distributed Control Systems to Hold a Significant Market Share

Distributed control systems (DCSs) are dedicated systems used to control manufacturing processes in the oil and gas industry. The control architecture comprises of a supervisory level of control, overseeing multiple integrated sub-systems, which are responsible for controlling the details of a localized process. These are connected to sensors and actuators, and they use setpoint control in order to control the flow of material through the plant. To achieve greater precision and control in process industries, such as the oil and gas industry, there is rising demand for controllers which offer specified process tolerance around an identified setpoint. These requirements have driven the adoption of DCS, as these systems offer lower operational complexity and project risk, as well as functionalities, like flexibility for agile manufacturing in highly-demanding applications. However, to deploy these DCS networks there is a difficulty in interoperability of various equipment in factories (from different manufacturers), as well as, checking the imposed requirements of the physical network.

UAE to hold the Largest Market Share in the Middle East

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 (NYSE:SPC) and the Abu Dhabi National Oil Company (ADNOC) are estimated to have achieved a target of 3.5 million bpd by 2019.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. By 2020, crude oil production is expected to amount 3.5 million bpd, especially as Abu Dhabi plans to invest USD 40-60 billion to reach this target. The country’s future does not include major oil discoveries. Increase in production will be due mainly to enhanced oil recovery (EOR) techniques for the country’s mature oil fields.

Key Developments

  • November 2019 - Rockwell Automation announced its investment in The Hive, a Silicon Valley innovation fund and co-creation studio, to gain access to an ecosystem of innovators and technology start-ups with a focus on applications of artificial intelligence (NYSE:AI) to industrial automation.
  • November 2019 - Schneider Electric launched a new service designed to help industrial manufacturers modernize their PLC systems safely. By reducing downtime and disruption to the operation, the service may provide an easier migration to the company’s Modicon M580 programmable automation controllers.
  • October 2019 - Mitsubishi electric announced that it will launch its newest MELSEC iQ-R Series general-purpose programmable controller, the IEC 61508 SIL 2-compliant redundant programmable controller paired with a redundant-function SIL2 CPU set for high performance and extra reliability
  • September 2019 - Dassault Systems acquired EXA Corporation, a global innovator in simulation software for product engineering. This acquisition strengthens the company's Simulation Portfolio with next-generation fluid dynamics capabilities on the 3DEXPERIENCE Platform.
  • June 2019 - GE launched New Solutions Purpose Built for Industrial Assets. GE Digital launched an integrated solution to deliver the industrial service model of the future that combines the power of ServiceMax which is company's cloud-based field service management solution, with its intelligent Asset Performance Management portfolio to develop service operations, reduce cost and eliminate unplanned downtime.

Get a sample copy of the report at-https://www.marketreportsworld.com/enquiry/request-sample/12346041

Reasons to Purchase the Oil and Gas Automation Market Report:

- The report analyses how the shift towards safety will drive the global Oil and Gas Automation market.

- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.

- Study on the product type that is expected to dominate the market.

- Study on the regions that are expected to witness fastest Oil and Gas Automation Market growth during the forecast period.

- Identify the latest developments,Oil and Gas Automation market shares and strategies employed by the major market players.

- Analyzing what will be the Oil and Gas Automation Market size.

Enquire beforePurchasingthis report at-https://www.marketreportsworld.com/enquiry/pre-order-enquiry/12346041

Major Points from Table of Contents:

  1. Introduction
    1.1 Scope of the Study
    1.2 Executive Summary
    2. Research Methodology
    2.1 Study Deliverables
    2.2 Study Assumptions
    2.3 Research Methodology
    2.4 Research Phases
    3. Market Analysis
    3.1 Market Overview
    3.2 Industry Attractiveness - Porter's Five Forces Analysis
    3.2.1 Bargaining Power of Suppliers
    3.2.2 Bargaining Power of Buyers
    3.2.3 Threat of New Entrants
    3.2.4 Threat of Substitute Products
    3.2.5 Competitive Rivalry
    3.3 Value Chain Analysis
    4. Market Dynamics
    4.1 Drivers
    4.1.1 Increased Focus on Developing Manufacturing Economies
    4.2 Restraints
    4.2.1 Lack of Skilled Workforce
    5. Industry Policies
    6. Technology Snapshot
    7. Global Process Automation Market Segmentation
    7.1 By Technology
    7.1.1 SCADA
    7.1.2 PLC
    7.1.3 DCS
    7.1.4 MES
    7.1.5 PLM
    7.1.6 ERP
    7.1.7 HMI
    7.1.8 Others
    7.2 By Type of Offering
    7.2.1 Hardware
    7.2.2 Software
    7.2.3 Services
    7.3 By Communication Protocol
    7.3.1 Wired Protocol
    7.3.2 Wireless Protocol
    7.4 By End User
    7.4.1 Chemical and Petrochemical
    7.4.2 Paper and Pulp
    7.4.3 Water and Waste Water Treatment
    7.4.4 Energy and Utilities
    7.4.5 Oil and Gas
    7.4.6 Pharmaceutical
    7.4.7 Food and Beverages
    7.4.8 Others
    7.5 By Geography
    7.5.1 North America
    7.5.1.1 United States
    7.5.1.2 Canada
    7.5.2 Europe
    7.5.2.1 United Kingdom
    7.5.2.2 Germany
    7.5.2.3 France
    7.5.2.4 Rest of Europe
    7.5.3 Asia-Pacific
    7.5.3.1 China
    7.5.3.2 India
    7.5.3.3 Japan
    7.5.3.4 Rest of Asia-Pacific
    7.5.4 Rest of the World
    7.5.4.1 Latin America
    7.5.4.2 Middle East and Africa
    8. Competitive Intelligence
    8.1 ABB Ltd.
    8.2 Honeywell International Inc.
    8.3 Rockwell Automation Inc.
    8.4 Mitsubishi Corporation
    8.5 Schneider Electric SE
    8.6 Emerson Electric Co.
    8.7 Eaton Corporation
    8.8 Dassault Systems
    8.9 Yokogawa Electric Corporation
    8.10 Siemens Corporation
    8.11 Robert Bosch GmbH
    8.12 Texas Instruments Inc.
    8.13 Johnson Controls Inc.
    *List not exhaustive
    9. Investment Analysis
    10. Future of the Market
    11. Disclaimer

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Market Reports World is the Credible Source for Gaining the Market Reports that will Provide you with the Lead Your Business Needs. Market is changing rapidly with the ongoing expansion of the industry. Advancement in the technology has provided today’s businesses with multifaceted advantages resulting in daily economic shifts. Thus, it is very important for a company to comprehend the patterns of the market movements in order to strategize better. An efficient strategy offers the companies with a head start in planning and an edge over the competitors.

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