Industrial Automation Oil & Gas Market With COVID-19 Impact, by Component (Control Valves, HMI, Process Analyzers, Intelligent Pigging, Vibration Monitoring), Solutions (SCADA, PLC, DCS, MES, PAM), Stream and Region – Global Forecast to 2025

2021-01-07
Price :
Published : Jan-2021
No. of Pages : 220
Inquire before Buying request discount

“The industrial automation oil & gas market is projected to grow at a significant rate from 2020 to 2025”

The industrial automation oil & gas market is projected to grow from USD 14.9 billion in 2020 to USD 18.7 billion by 2025; it is expected to grow at a CAGR of 4.7% from 2020 to 2025. The growth of the industrial automation oil & gas market is driven by IIoT adding value in the industrial automation and optimum and effective exploration of aging reservoirs.

COVID-19 has emerged as a global pandemic that has spread across 215 countries worldwide and disrupted various industries around the world. The prominent players across industries have been affected by this pandemic. The foreseeable decline in the growth of industries may have a considerable direct impact on the industrial automation oil & gas market.

“The control valves in component segment is expected to grow at the highest CAGR during the forecast period.”

The control valves market is expected to grow at highest CAGR during the forecast period. Control valves offer the benefit of remote monitoring and regulating the flow of a process. The increasing complexity of manufacturing and distribution units in process industries are contributing toward a steady rise in their demand. The goal of control valves is to maintain product quality, improve plant efficiency, and automatically regulate the flow rate.

“The downstream is projected to account for the largest share of the industrial automation oil & gas  market during the forecast period.”

Downstream held the largest market share in the industrial automation for oil & gas market. The oil & gas operations that are undertaken after the crude oil is transported by the midstream process and before the product reaches its point of sale are considered under downstream process. There is an increasing adoption of the solutions such as SCADA and PAM in downstream processes. Also, field instruments and process analyzers are widely used in downstream processes, and thus gives impetus to downstream in the market. The increasing adoption of industrial automation, SCADA, and IIoT, the trend has shifted toward condition-based predictive maintenance strategies giving impetus to downstream market.

“APAC is projected to grow at a highest CAGR during the forecast period.”

APAC and North America are the leaders in terms of the adoption of IoT, and the industrial automation oil & gas market in these regions is expected to grow significantly during the forecast period. In APAC, the deployment of industrial automation in oil & gas industry is expected to increase rapidly during the forecast period in China, India, and Malaysia. The market in APAC is growing rapidly owing to the large-scale advancements and technological innovations in the oil & gas industry; this necessitates the use of industrial automation oil & gas solutions and omponents. China was the epicenter of the COVID-19 outbreak, and the resultant shutdowns and supply chain disruptions dealt a major blow to the economic activities in APAC. Various countries in the region have undertaken economic reforms to revive their economy; this is expected to give an impetus to the growth of the industrial automation oil & gas market in APAC.

Break-up of the profiles of primary participants:

  • By Company Type – Tier 1 – 45%, Tier 2 – 30%, and Tier 3 – 25%
  • By Designation – C-level – 40%, Director-level – 35%, and Manager-level – 25%
  • By Region – North America – 30%, Europe – 25%, APAC – 35%, and RoW – 10%

The key players in the industrial automation oil & gas 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).

The industrial automation oil & gas market has been segmented into component, solutions, stream, and region. Based on component, the market has been segmented into industrial robots, control valves, field instruments, HMI, industrial PC, process analyzers, intelligent pigging, and vibration monitoring. Based on solutions, the industrial automation oil & gas market has been segmented into SCADA, PLC, DCS, MES, Functional Safety, and PAM. Based on stream, the market has been segmented into upstream, midstream, and downstream. The industrial automation oil & gas market has been studied for North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW).

Reasons to buy the report:

  • Illustrative segmentation, analysis, and forecast of the market based on component, solutions, stream, and region have been conducted to give an overall view of the industrial automation oil & gas market.
  • The key drivers, restraints, opportunities, and challenges pertaining to the industrial automation oil & gas market have been detailed in this report.
  • Detailed information regarding the COVID-19 impact on the industrial automation oil & gas market has been provided in the report.
  • The report includes a detailed competitive landscape of the market, along with key players, as well as in-depth analysis of their revenues
Filed in: Semiconductor & Electronics
Publisher : marketsandmarkets
More Reports
Title Price Buy Now

Thermoelectric Modules Market by Model (Single Stage, Multi Stage), Type (Bulk, Micro, Thin Film), Functionality (General Purpose, Deep Cooling), End-Use Application (Consumer Electronics, Automotive), Offering and Region – Global Forecast to 2027

“The thermoelectric modules market is projected to grow at a CAGR of 8.8% during 2022–2027” The thermoelectric modules market is expected to grow from USD 693 million in 2022 and is projected to reach USD 1,054 million by 2027; it is expected to grow at a CAGR of 8.8% during the forecast period. Advantages such as compact design of TEMs compared to vapor-compression cooling systems, drives the adoption of TEMs across several end-use application. Additionally, ability of TEMs to produce hot and cold water for different functions adds to its rising adoption in different applications. Furthermore, the rapidly growing market for electric and luxury vehicles is also expected to drive thermoelectric modules market. TEMs are used in electric vehicles to stabilize the temperature of a car......
 $4950

European Smart Home Market by Product (Lighting Controls, Security & Access Controls, HVAC Controls, Smart Speakers, Smart Kitchens, Home Appliances, Home Healthcare), Software & Service (Proactive, Behavioral) and Geography – Global Forecast to 2027

European smart home market dynamics The European smart home market is projected to grow from USD 26.7 billion in 2022 to USD 41.2 billion by 2027; it is expected to grow at a CAGR of 9.0% from 2022 to 2027. “Surging importance of home monitoring” Smart homes can perform intricate tasks such as automatically lighting up evacuation routes in the case of a fire alarm in addition to basic operations such as turning off lights, dimming lights, and shutting curtains. Connectivity has become a high-end novelty in a variety of household equipment, including security cameras and utility or smart meters, which record the consumption of electric energy and communicate information to the user and thermostats. In the coming years, connectivity is anticipated to become a more prevalent tren......
 $4950

Network Monitoring Market by Offering (Equipment, Software & Services), Bandwidth (1&10 Gbps, 40 Gbps, 100 Gbps), Technology (Ethernet, Fiber Optic, InfiniBand), End User and Geography – Global Forecast to 2027

“The network monitoring market is projected to grow at a CAGR of 6.9% during 2022–2027” The network monitoring market is projected to grow from  USD 2.2 billion in 2022 and is projected to reach USD 3.0 billion by 2027; it is expected to grow at a CAGR of 6.9 % from 2022 to 2027. The rise in demand for cloud services, surging demand for resilient network monitoring systems to quickly resolve downtime issues along with need for continuous monitoring due to rise in network complexities and security concerns is expected to fuel the growth of the network monitoring market. However, availability of free network monitoring tools is a prominent factor limiting the growth of the network monitoring market. “Network monitoring equipment with 1 & 10 Gbps bandwidth to hold large......
 $4950

Network Devices Market by Connectivity (WiFi, Cellular, LoRa, ZigBee, Bluetooth), Device Type (Router, Gateway, Access Point), Application (Residential, Commercial, Enterprise, Industrial, Transportation) and Geography – Global Forecast to 2027

“The network devices market is projected to grow at a CAGR of 6.6% during 2022–2027” The network devices market is expected to grow from USD 26.4 billion in 2022 and is projected to reach USD 36.4 billion by 2027; it is expected to grow at a CAGR of 6.6% during the forecast period. WiFi network deployment helps enterprises rapidly build and connect business applications. The WiFi network also provides greater flexibility, scalability, reliability, and cost-effective benefits in connecting mission-critical business applications. Core industry sectors are keen on automating and digitalizing their business processes to streamline business operations and drive new business revenue opportunities. As the number of Internet users is expected to continue to grow significantly in coming ye......
 $4950

RF Tunable Filter Market by Type (Bandpass, Band Reject), Tuning Mechanism, Tuning Component, System (Handheld and Pocket Radio, Radar System), Application (Aerospace and Defense, Transportation, Smart Cities) and Geography – Global Forecast to 2027

“RF tunable filter market is expected to grow at CAGR of 10.8% from 2022 to 2027.” The global RF tunable filter market is projected to reach USD 168 million by 2027 from an estimated USD 100 million in 2022, at a CAGR of 10.8% from 2022 to 2027. The growth of the market can be attributed to the rising demand for RF tunable filters in aerospace & defense industry and the increasing demand for 5G smartphones, smartphones, and mobile phones. “Bandpass filter segment is projected to capture a larger share of the overall market during the forecast period” The RF tunable filter market for the band pass filter segment is projected to capture a larger share of the overall market during the forecast period attributed to the increased use of bandpass filters in the aerospace &am......
 $4950

Security Robots Market by Type (UAV (Fixed Wing, Rotary Wing), UGV (Wheeled, Tracked, Legged, Hybrid), UUV (Autonomous Underwater Vehicles, Remotely Operated Underwater Vehicles)), Application, Component, End User and Geography – Global Forecast to 2027

“Security robots market to grow at a CAGR of 17.7% from 2022 to 2027 to reach USD 89.6 billion by 2027” The security robots market was valued at USD 33.7 billion in 2021 and is projected to reach USD 89.6 billion by 2027; it is expected to grow at a CAGR of 17.7% from 2022 to 2027. The major drivers of the market include the growing adoption of security robots for commercial and residential applications, rising emphasis on security at national or regional levels, increasing investments and spending on defense by countries globally, and surging demand for autonomous systems that make real-time monitoring smarter. “UAV held the largest share of the security robots market in 2021” UAVs are either remotely controlled, semi-autonomous, or autonomous unmanned aircraft that can b......
 $4950

LED Lighting Market by Installation (New, Retrofit), Product Type (A-type, T-type, Decorative, Directional), Sales Channel (Retail, Direct, E-commerce), Application (Residential, Commercial, Industrial) and Geography – Global Forecast to 2027

The LED lighting market size is estimated to be USD 75.3 billion in 2022 and is projected to reach USD 124.7 billion by 2027, at a CAGR of 10.6% during the forecast period. The booming lighting industry contributes most to the rising demand for energy-efficient products and modifications in the existing lighting products using LED technology. Moreover, technological innovations and rising environmental concerns have further accelerated the market growth in the region. Competitive manufacturing costs, high economic growth rate, and large-scale industrial constructions in residential and commercial segments are some of the other major factors driving the growth of the LED lighting market “Decorative luminaire to register highest growth between 2022 to 2027.” Decorative luminaires a......
 $4950

Augmented Reality and Virtual Reality Market by Technology Type (AR: Markerless, Marker-base; VR: Non-Immersive, Semi-immersive and Fully Immersive Technology), Device Type, Offering, Application, Enterprise, and Geography – Global Forecast to 2027

AR dynamics “Increasing demand for AR devices and applications in healthcare” Augmented reality’s widening demands in healthcare sector is paving a way for its growth in the market. The augmented reality can be put to use for surgeries, patient care, fitness and pharmacy management. Alog with its use in all of these aspects, augmented reality can also be used for medical training for students/budding surgeons.  The augmented reality provides  an immersive, 3D AR modelled visualization of the patient’s internal organs to the surgeon so that the surgery can be performed with minimalistic invasion and with precsision. The AR modelled 3D visualization also helps medical teaching staff to provide an immersive learning experience to the students/budding surgeons. Augmented rea......
 $4950

Inverter Market by Type (Solar Inverters, Vehicle Inverter, others), Output Power Rating (Upto 10 kW, 10-50 kW, 51-100 kW, above 100 kW), End User (PV Plants, Residential, Automotive), Connection, Voltage, Sales Channel & Region – Global Forecast to 2027

“The inverter market is projected to grow at a CAGR of 15.7% from 2022 to 2027” The inverter market is anticipated to grow from an estimated USD 16.3 billion in 2022 to USD 33.8 billion in 2027, at a CAGR of 15.7% during the forecast period. The market has a promising growth potential due to increased deployment of solar inverters, especially in Asia Pacific. The increasing investments in the renewable energy sector and supportive government initiatives and schemes is propelling demand for inverters. Countries targets on climate change to achieve net-zero goals are shifting them towards sustainability development which increased the demand for electric vehicles and also technological advancements in developing high-power density inverters for various end user applications are expect......
 $4950

Smoke Detectors Market by Power Source (Battery-Powered, Hardwired with battery backup, Hardwired without battery backup), Type (Photoelectric Smoke Detectors, Ionization Smoke Detectors), Service, Distribution Channel – Global Forecast to 2027

“Smoke Detectors market to grow at a CAGR of 9.6% from 2022 to 2027” The smoke detectors market size is expected to grow from USD 2.3 billion in 2022 to USD 3.4 billion by 2027; it is expected to grow at a CAGR of 8.2% from 2022 to 2027. The key factors driving the growth of the smoke detectors market are rising initiatives and support for smoke detectors from government bodies and rising technological innovations in smoke detectors which provides various advantages to the end-use industries. “Hardwired with battery backup is expected to grow at higher rate from 2022 to 2027” Hardwired with battery backup smoke detectors operate as a substitute for battery-powered smoke detectors. They are efficient and have battery backups for continuous operation. Hardwired photoelectric......
 $4950
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy