Global Oil and Gas Automation Market Report Survey 2021 with Top Countries Data And Covid-19 Analysis Industry Overview, Key Players Analysis, Emerging Opportunities, Comprehensive Research, Competitive Landscape and Potential of Industry

(The Express Wire via Comtex)

Global “Oil and Gas Automation Market” research report 2021 analyzed in detail all the vital data to frame tactical business judgments and propose strategic growth plans. The Oil and Gas Automation market growth is expected to register a CAGR of 8.02% during the forecast period.This report offers a comprehensive insight into the development policies and plans in addition to manufacturing processes and cost structures. Also report studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

The report gives - Who are the global key players in this Oil and Gas Automation market? What are their company profile, their product information, and contact information? What Was the Global Market Status of Oil and Gas Automation Market? What Was Capacity, Production Value, Cost and PROFIT of Oil and Gas Automation Market?

Get a Sample PDF of the Report @https://www.360marketupdates.com/enquiry/request-sample/12886073

Short Description About Oil and Gas Automation Market 2021:

The oil and gas automation market was valued at USD 11.23 billion in 2021 and is expected to reach a value of USD 18.03 billion by at a CAGR of 8.02% over the forecast period. 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 (SPC) and the Abu Dhabi National Oil Company (ADNOC) are estimated to have achieved a target of 3.5 million bpd by 2021.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.

Get a Sample PDF of Oil and Gas Automation Market 2021

The global Oil and Gas Automation market covers the vision of competitor analysis by product types, market share, applications, sales, and revenue.

Oil and Gas Automation Market Report covers the Top Key-players 2021:-

● 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.

With tables and figures helping analyze the worldwide Global Oil and Gas Automation market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

TO UNDERSTAND HOW COVID-19 IMPACT IS COVERED IN THIS REPORT - REQUEST SAMPLE

The Global Oil and Gas Automation market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

This Oil and Gas Automation Market Research/analysis Report Contains Answers to your following Questions

● What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Oil and Gas Automation Industry?
● What Was the Global Market Status of Oil and Gas Automation Market? What Was Capacity, Production Value, Cost and PROFIT of Oil and Gas Automation Market?
● What Are Projections of Global Oil and Gas Automation Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply, and Consumption? What about Import and Export?
● What Is Oil and Gas Automation Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
● What Is Economic Impact On Oil and Gas Automation Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
● Which Manufacturing Technology is used for Oil and Gas Automation? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
● Who Are the Global Key Players in This Oil and Gas Automation Market? What are Their Company Profile, Their Product Information, and Contact Information?
● What Is the Current Market Status of the Oil and Gas Automation Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Oil and Gas Automation Market by Taking Applications and Types in Consideration?
● What Are Market Dynamics of Oil and Gas Automation Market? What Are Challenges and Opportunities?

Inquire more and share questions if any before the purchase on this [email protected]https://www.360marketupdates.com/enquiry/pre-order-enquiry/12886073

Highlighted points of Oil and Gas Automation Market Report:

● Covers the varying market dynamics of the industry.
● In-depth analysis of market risks, opportunities, limitations, and growth of the market.
● Includes market driving and restraining factors.
● Participants profiles along with product description, overview, and business data.
● Include details of five years of forecast analysis by types, regions, and applications.

Key Developments in the Oil and Gas Automation Market:

● November 2017 - 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 (AI) to industrial automation.

● November 2017 - 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 2017 - 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 2017 - 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 2017 - 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.
The m

Purchase this report (Price 4250 USD for a single-user license)@https://www.360marketupdates.com/purchase/12886073

Reasons to Purchase Oil and Gas Automation Market Report:

● The report analyses how the stringent emission control norms 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 the fastest growth during the forecast period.
● Identify the latest developments, market shares and strategies employed by the major Oil and Gas Automation market players.
● 3 months analyst support along with the Market Estimate sheet (in excel).

Finally, the report Global Oil and Gas Automation Market 2021 describes the Oil and Gas Automation industry expansion game plan, the Oil and Gas Automation industry knowledge supply, appendix, analysis findings, and the conclusion.

About 360 Market Updates:

360 Market Updates is a credible source for gaining market reports that will provide you with the lead your business needs. At 360 Market Updates, our objective is to provide a platform for many top-notch market research firms worldwide to publish their research reports, as well as helping the decision-makers in finding the most suitable market research solutions under one roof. Our aim is to provide the best solution that matches the exact customer requirements. This drives us to provide you with custom or syndicated research reports.

Contact Info: -

360 Market Updates

Mr. Ajay More

USA: +1 424 253 0807

UK: +44 203 239 8187

[email protected]

Global Stainless Steel Wire Rods Market Trend Survey 2021-2027 with Top Countries Data Industry Size, Future Trends, Growth Key Factors, Demand, Business Share, Sales and Income, Manufacture Players, Application, Scope, and Opportunities Analysis by Outlook

Global Stainless Steel Wire Rods Market Trend Survey 2021-2027 with Top Countries Data Industry Size, Future Trends, Growth Key Factors, Demand, Business Share, Sales and Income, Manufacture Players, Application, Scope, and Opportunities Analysis by Outlook

Global Seed Colorant Market Growth Survey 2021 with Top Countries Data And Covid-19 Analysis Industry Overview, Key Players Analysis, Emerging Opportunities, Comprehensive Research, Competitive Landscape and Potential of Industry

Global Rhodiola Rosea P.E. Market Growth 2021-2027 with Top Countries Data Industry Size, Future Trends, Growth Key Factors, Demand, Business Share, Sales and Income, Manufacture Players, Application and Opportunities Analysis by Outlook

Global Zesters Market Report 2021-2026 With Top Countries Data Research Reports, Industry Size, In-Depth Qualitative Insights, Explosive Growth Opportunity, Regional Analysis | With Covid 19 Analysis

Graphene Market Survey Analysis 2021 with Top Countries Data Industry Growth, Size, Share, Forecasts Analysis, Company Profiles, Competitive Landscape and Key Regions Analysis Research Report | With Covid 19 Analysis


Press Release Distributed by The Express Wire

To view the original version on The Express Wire visit Global Oil and Gas Automation Market Report Survey 2021 with Top Countries Data And Covid-19 Analysis Industry Overview, Key Players Analysis, Emerging Opportunities, Comprehensive Research, Competitive Landscape and Potential of Industry

comtex tracking