New York, United States: Quadintel Research has recently released a comprehensive intelligence report titled ” Oil & Gas Automation Market “Outlook, Size, Share, Competitive Landscape, Technology, Latest Updates, and Forecasts to 2030. This report provides a detailed analysis at the micro-level, focusing on insurers, key business segments, offerings, and sales channels within the sector. The competitive assessment section of the report presents an overview of competitors, their financial situations, recent developments, competitive analysis, and market advancements. By examining the strengths and weaknesses of major competitors, this analysis facilitates market players in identifying viable opportunities more effectively.
The report covers both pre and Post – COVID analysis | The final report will include an in-depth analysis of the impact of the Russia-Ukraine war and the COVID-19 pandemic on the industry.
Download free sample of this report :-https://www.quadintel.com/request-sample/oil-gas-automation-market/QI038
The global oil and gas automation market size was US$ 18,979 million in 2021. The global oil and gas automation market size is forecast to reach US$ 33,336 million by 2030, growing at a compound annual growth rate (CAGR) of 6.7% during the forecast period from 2022 to 2030.
Process automation is used in the oil and gas industry to automate both simple and complicated tasks involved in the extraction, transportation, and refining of oil and gas. Process automation and instrumentation are used in the oil and gas industry to automate both simple and complicated tasks in the extraction, transmission, and refining of oil and gas. Cost savings, increased output, and greater safety and security are all advantages of automating the processes.
Factors Influencing Market Growth
The benefits of automation, such as providing safety and reliability, boosting efficiency and production, and saving time and money, are driving the expansion of the oil and gas automation market.
Automation aids in the decrease of energy consumption and the optimal use of generated data, resulting in increased demand for automation from the oil and gas industry, which drives the market growth.
The rising energy demand results in quick growth in the oil and gas industry, and the growing demand for automation boost the global market growth.
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global market. The enforcement of lockdowns in many countries caused major cash flow problems for businesses. The halting or delaying of manufacturing of industrial automation oil & gas, as well as worldwide supply chain logistics challenges caused by the outbreak of COVID-19, have resulted in lower demand for oil & gas automation & instrumentation. Due to the shutdown, energy demand from industries and the commercial sector decreased, resulting in a significant loss for the oil and gas industries. This had a direct negative influence on the automation and instrumentation business for oil and gas.
Regional Analysis
North America accounted for a major market in 2021 and is forecast to remain dominant during the forecast period. As a result of the rising export of crude oil, liquefied natural gas (LNG), and refined products.
The Asia Pacific region is forecast to have lucrative growth during the forecast period. As a result of the development of the conventional energy business. In addition, the growing investments in emerging countries and increasing essential of decreasing functional time via automation.
Request full Report Description, TOC, Table of Figure, Chart, etc : –https://www.quadintel.com/request-sample/oil-gas-automation-market/QI038
Leading Competitors
The leading prominent companies profiled in the global oil and gas automation market are:
ABB Limited
Yokogawa Electric Co
Alstom
Weatherford International Limited
Baker Hughes Incorporated
Tyco International Limited
BP Plc
Sigit Incorporated
Eaton Corp PLC,
Siemens AG
Other Prominent Players
Scope of the Report
The global oil and gas automation market segmentation focuses on Technology, Component, Process, and Region.
Segmentation based on Technology
Distributed Control System (DCS)
Enterprise Resource Planning (ERP)
Supervisory Control and Data Acquisition (SCADA)
Machine Execution System (MES)
Product Lifecycle Management (PLM)
Programmable Logic Controller (PLC)
Other Technologies
Segmentation based on Component
Hardware
Software
Service
Download free sample of this report :-https://www.quadintel.com/request-sample/oil-gas-automation-market/QI038
Segmentation based on Process
Midstream
Upstream
Downstream
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Request Full Report : –https://www.quadintel.com/request-sample/oil-gas-automation-market/QI038
About Quadintel:
We are the best market research reports provider in the industry. Quadintel believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Quadintel is a ‘one-stop solution’ for individuals, organizations, and industries that are looking for innovative market research reports.
- Robust, detailed segmentation
- In-depth analysis in all geographies.
- Detailed breakup in various segmentation.
- Rigorous primary and secondary research
We will help you in finding the upcoming trends that will entitle you as a leader in the industry. We are here to work with you on your objective which will create an immense opportunity for your organization. Our priority is to provide high-level customer satisfaction by providing innovative reports that enable them to take a strategic decision and generate revenue. We update our database on a day-to-day basis to provide the latest reports. We assist our clients in understanding the emerging trends so that they can invest smartly and can make optimum utilization of resources available.
Get in Touch with Us:
Quadintel:
Email:sales@quadintel.com
Address: Office – 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611, UNITED STATES
Tel: +1 888 212 3539 (US – TOLL FREE)
Website : https://www.quadintel.com/