NJ New Jersey, USA -- (SBWIRE) -- 11/28/2023 -- Latest Study on Industrial Growth of Global Oil & Gas Automation Market 2023-2030. A detailed study accumulated to offer Latest insights about acute features of the Oil & Gas Automation Market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary and SWOT analysis.
Major players profiled in the study are:
ABB (Switzerland), Baker Hughes, a GE company (United States), Siemens AG (Germany), Cameron International Corporation (United States), Halliburton Company (United States), Emerson Electric Co. (United States), Honeywell International Inc. (United States), Kongsberg Gruppen (Norway), Metso Oyj (Finland), Mitsubishi Electric Corporation (Japan).
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Scope of the Report of Oil & Gas Automation:
Oil and gas automation refers to the use of advanced technologies and systems to streamline and optimize processes within the oil and gas industry. This involves the application of automation, control systems, and digital technologies to enhance efficiency, safety, and overall operational performance in various facets of the oil and gas value chain.
According to AMA, the Global Oil & Gas Automation market is expected to see growth rate of 8.01% and may see market size of USD11.93 Billion by 2027.
On 04th March 2019, ABB has launched versatile ABB Ability Wellhead Manager to optimize oil and gas operations globally. The new system is based on SCADA, allows both large operators and small start-ups to gather information about their onshore upstream assets. This oil and gas automation system enables immediate access to data, alarms and call out notifications as well as reduces downtime and risk.
The titled segments and sub-section of the market are illuminated below:
by Application (Offshore, Onshore), Technology (Distributed Control System (DCS), Programmable Logic Controller (PLC), Safety Instrumented System (SIS), Supervisory Control and Data Acquisition (SCADA), Manufacturing Execution System (MES), Other)
Market Opportunities:
Simplified and Risk Free Monitoring of the overall Process of Oil and Gas Transmission
Adoption of Oil and Gas Automation System equipped Weather Monitoring Systems
Market Challenges:
Lack of Skilled Workers to Understand Oil and Gas Automation System Operations
Complex Automation Software and their respective Integration with the Existing System
Market Trends:
Introduction Precise and Accurate Diagnostics and Inspections
Totally Machine Oriented and Highly Automated Daily Drilling Operations
Market Drivers:
Minimized Operational Expenses Due to Increased Automation
Continuously Escalating Demand for Petroleum Products
What can be explored with the Oil & Gas Automation Market Study?
- Gain Market Understanding
- Identify Growth Opportunities
- Analyze and Measure the Global Oil & Gas Automation Market by Identifying Investment across various Industry Verticals
- Understand the Trends that will drive Future Changes in Oil & Gas Automation
- Understand the Competitive Scenarios
1. Track Right Markets
2. Identify the Right Verticals
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
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Table of Content:
Chapter One: Industry Overview
Chapter Two: Major Segmentation (Classification, Application and etc.) Analysis
Chapter Three: Production Market Analysis
Chapter Four: Sales Market Analysis
Chapter Five: Consumption Market Analysis
Chapter Six: Production, Sales and Consumption Market Comparison Analysis
Chapter Seven: Major Manufacturers Production and Sales Market Comparison Analysis
Chapter Eight: Competition Analysis by Players
Chapter Nine: Marketing Channel Analysis
Chapter Ten: New Project Investment Feasibility Analysis
Chapter Eleven: Manufacturing Cost Analysis
Chapter Twelve: Industrial Chain, Sourcing Strategy and Downstream Buyers
finally, Oil & Gas Automation Market is a valuable source of guidance for individuals and companies.
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