ASIA-PACIFIC OIL AND GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET FORECAST 2017-2024
KEY FINDINGS
The Asia-Pacific oil and gas process automation and instrumentation market is expected to increase at a CAGR of 7.74% over the forecast period of 2017-2024. The revenue generated by the market is also expected to rise from $1.99 billion in 2016 to $3.48 billion by 2024. Growing demand for oil and gas from the Asian region and heavy investments in R&D are the major drivers for the growth of this market.
MARKET INSIGHTS
The Asia-Pacific oil and gas process automation and instrumentation market is segmented by solutions, technologies, and instruments. On the basis of solutions, the market is further sub-divided into hardware and software solutions and services. The technology segment can be further divided into DCS, PLC, SIS, SCADA, ACS, MES and other technologies. Manufacturing Execution Systems (MES) are expected to be the fastest growing technology segment in the market over the forecast period. On the basis of instruments, the market is further categorized as field instruments, communication devices, control valves and other instruments. Process automation system services segment is currently the dominating market due to its growing adoption.
COMPETITIVE INSIGHTS
Mergers and acquisitions are the strategies used by prominent companies like ABB Ltd, Rockwell Automation, and Yokogawa Electric Corporation to have an edge over other competing companies in the market which includes Schneider Electric SE, Mitsubishi Electric Corp., General Electric Corp, Tyco International Plc, Sigit Automation Inc, Royal Dutch Shell Plc and Eaton Corporation Plc.
The Asia-Pacific oil and gas process automation and instrumentation market is expected to increase at a CAGR of 7.74% over the forecast period of 2017-2024. The revenue generated by the market is also expected to rise from $1.99 billion in 2016 to $3.48 billion by 2024. Growing demand for oil and gas from the Asian region and heavy investments in R&D are the major drivers for the growth of this market.
MARKET INSIGHTS
The Asia-Pacific oil and gas process automation and instrumentation market is segmented by solutions, technologies, and instruments. On the basis of solutions, the market is further sub-divided into hardware and software solutions and services. The technology segment can be further divided into DCS, PLC, SIS, SCADA, ACS, MES and other technologies. Manufacturing Execution Systems (MES) are expected to be the fastest growing technology segment in the market over the forecast period. On the basis of instruments, the market is further categorized as field instruments, communication devices, control valves and other instruments. Process automation system services segment is currently the dominating market due to its growing adoption.
COMPETITIVE INSIGHTS
Mergers and acquisitions are the strategies used by prominent companies like ABB Ltd, Rockwell Automation, and Yokogawa Electric Corporation to have an edge over other competing companies in the market which includes Schneider Electric SE, Mitsubishi Electric Corp., General Electric Corp, Tyco International Plc, Sigit Automation Inc, Royal Dutch Shell Plc and Eaton Corporation Plc.
1. RESEARCH SCOPE
1.1. STUDY GOALS
1.2. SCOPE OF THE MARKET STUDY
1.3. WHO WILL FIND THIS REPORT USEFUL?
1.4. STUDY AND FORECASTING YEARS
2. RESEARCH METHODOLOGY
2.1. SOURCES OF DATA
2.1.1. SECONDARY DATA
2.1.2. PRIMARY DATA
2.2. TOP DOWN APPROACH
2.3. BOTTOM-UP APPROACH
2.4. DATA TRIANGULATION
2.5. ESTIMATION METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW
4.1. MARKET DEFINITION
4.2. MARKET DRIVERS
4.2.1. HUGE INVESTMENTS IN R & D
4.2.2. INCREASED CRUDE PRODUCTION RATE DUE TO AUTOMATION & INSTRUMENTATION
4.2.3. RISING DEMAND FOR OIL & GAS ASIA PACIFICLY
4.2.4. AUTOMATION & INSTRUMENTATION IMPROVES PROCESS EFFICIENCY & SAFETY
4.2.5. NEED FOR SOFTWARE TO DETECT AND REDUCE FAILURES
4.3. MARKET RESTRAINTS
4.3.1. HIGH CAPITAL EXPENDITURE
4.3.2. LACK OF SKILLED WORKERS
4.3.3. SLUGGISH GROWTH IN DEVELOPED MARKETS
4.4. MARKET OPPORTUNITIES
4.4.1. RISING ENERGY DEMAND FROM EMERGING ECONOMIES OF ASIA-PACIFIC
4.4.2. INCREASING ADOPTION OF PLC IN OIL & GAS SECTOR
4.4.3. INTERNET OF THINGS (IOT) APPLICATIONS ARE GROWING FAST
4.5. MARKET CHALLENGES
4.5.1. LOWER OIL & GAS RESOURCES
4.5.2. THE NEED TO MINIMIZE OPERATING COSTS
5. ASIA PACIFIC OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY TECHNOLOGY 2017-2024 ($ BILLION)
5.1. DCS (DISTRIBUTED CONTROL SYSTEM)
5.2. PLC (PROGRAMMABLE LOGIC CONTROLLER)
5.3. SCADA (SUPERVISORY CONTROL AND DATA ACQUISITION)
5.4. ACS (AUTOMATION AND CONTROL SYSTEM)
5.5. MES (MANUFACTURING EXECUTION SYSTEM)
5.6. SIS (SAFETY INSTRUMENTED SYSTEMS)
5.7. OTHERS
6. ASIA PACIFIC OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY SOLUTIONS 2017-2024 ($ BILLION)
6.1. HARDWARE
6.2. SOFTWARE
6.3. SERVICES
7. ASIA PACIFIC OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY INSTRUMENT 2017-2024 ($ BILLION)
7.1. FIELD INSTRUMENTS
7.2. CONTROL VALVES
7.3. COMMUNICATION
7.4. OTHERS
8. KEY ANALYTICS
8.1. PORTER’S 5 FORCE MODEL
8.1.1. THREAT OF SUBSTITUTE PRODUCTS
8.1.2. THREAT OF NEW ENTRANTS
8.1.3. BARGAINING POWER OF BUYERS
8.1.4. BARGAINING POWER OF SUPPLIERS
8.1.5. INTENSITY OF COMPETITIVE RIVALRY
8.2. PESTEL ANALYSIS
8.2.1. POLITICAL
8.2.2. ENVIRONMENT
8.2.3. SOCIAL
8.2.4. TECHNOLOGY
8.2.5. ECONOMICS
8.2.6. LEGAL
8.3. OPPORTUNITY MATRIX
8.4. VENDOR LANDSCAPE
9. ASIA PACIFIC OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY GEOGRAPHY 2017-2024 ($ BILLION)
9.1. CHINA
9.2. INDIA
9.3. INDONESIA
9.4. MALAYSIA
9.5. REST OF ASIA-PACIFIC
10. COMPANY PROFILES
10.1. ABB LTD.
10.2. SIEMENS AG
10.3. SCHNEIDER ELECTRIC SE
10.4. MITSUBISHI ELECTRIC CORPORATION
10.5. ROCKWELL AUTOMATION INC.
10.6. GENERAL ELECTRIC CORPORATION (GE)
10.7. YOKOGAWA ELECTRIC CORPORATION
10.8. WEATHERFORD INTERNATIONAL LTD.
10.9. BAKER HUGHES INCORPORATED
10.10. TYCO INTERNATIONAL PLC
10.11. BP PLC
10.12. SIGIT AUTOMATION INC.
10.13. EATON CORPORATION PLC
10.14. ROYAL DUTCH SHELL PLC (SHELL)
TABLE LIST
TABLE 1 ASIA PACIFIC OIL AND GAS PROCESS AUTOMATION MARKET BY COUNTRY 2017-2024 ($ BILLION)
TABLE 2 ASIA PACIFIC OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY TECHNOLOGY 2017-2024 ($ BILLION)
TABLE 3 ASIA PACIFIC OIL AND GAS PROCESS AUTOMATION MARKET BY TYPE OF SOLUTIONS 2017 - 2024 ($ BILLION)
TABLE 4 HARDWARE COMPONENTS
TABLE 5 ASIA PACIFIC OIL AND GAS PROCESS AUTOMATION MARKET BY INSTRUMENT 2017 - 2024 ($ BILLION)
TABLE 6 ASIA PACIFIC OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET BY COUNTRY 2017-2024 ($ BILLION)
FIGURE LIST
FIGURE 1 ASIA-PACIFIC OIL AND GAS PROCESS AUTOMATION MARKET BY SOLUTION 2017 - 2024 ($ BILLION)
FIGURE 2 OIL PRODUCTION (IN MILLION BARRELS PER DAY)
FIGURE 3 GLOBAL DEMAND FOR OIL (IN MILLION BARRELS PER DAY)
FIGURE 4 ASIA-PACIFIC OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY DCS 2017-2024 ($ BILLION)
FIGURE 5 ASIA-PACIFIC OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY PLC 2017-2024 ($ BILLION)
FIGURE 6 ASIA-PACIFIC OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY SCADA 2017-2024 ($ BILLION)
FIGURE 7 ASIA-PACIFIC OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY ACS 2017-2024 ($ BILLION)
FIGURE 8 ASIA-PACIFIC OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY MES 2017-2024 ($ BILLION)
FIGURE 9 ASIA-PACIFIC OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY SIS 2017-2024 ($ BILLION)
FIGURE 10 ASIA-PACIFIC OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY OTHERS 2017-2024 ($ BILLION)
FIGURE 11 ASIA-PACIFIC OIL AND GAS PROCESS AUTOMATION MARKET BY HARDWARE COMPONENTS 2017 - 2024 ($ BILLION)
FIGURE 12 ASIA-PACIFIC OIL AND GAS PROCESS AUTOMATION MARKET BY SOFTWARE 2017 - 2024 ($ BILLION)
FIGURE 13 ASIA-PACIFIC OIL AND GAS PROCESS AUTOMATION MARKET BY SERVICES 2017 - 2024 ($ BILLION)
FIGURE 14 OIL AND GAS PROCESS AUTOMATION MARKET BY FIELD INSTRUMENTS 2017 - 2024 ($ BILLION)
FIGURE 15 ASIA-PACIFIC OIL AND GAS PROCESS AUTOMATION MARKET BY CONTROL VALVES & POSITIONERS 2017 - 2024 ($ BILLION)
FIGURE 16 ASIA-PACIFIC OIL AND GAS PROCESS AUTOMATION MARKET BY COMMUNICATION 2017 - 2024 ($ BILLION)
FIGURE 17 ASIA-PACIFIC OIL AND PROCESS AUTOMATION MARKET BY OTHERS 2017 - 2024 ($ BILLION)
FIGURE 18 CHINA OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET 2017-2024 ($ BILLION)
FIGURE 19 INDIA OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET 2017-2024 ($ BILLION)
FIGURE 20 INDONESIA OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET 2017-2024 ($ BILLION)
FIGURE 21 MALAYSIA OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET 2017-2024 ($ BILLION)
FIGURE 22 REST OF ASIA-PACIFIC OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET 2017-2024 ($ BILLION)
1.1. STUDY GOALS
1.2. SCOPE OF THE MARKET STUDY
1.3. WHO WILL FIND THIS REPORT USEFUL?
1.4. STUDY AND FORECASTING YEARS
2. RESEARCH METHODOLOGY
2.1. SOURCES OF DATA
2.1.1. SECONDARY DATA
2.1.2. PRIMARY DATA
2.2. TOP DOWN APPROACH
2.3. BOTTOM-UP APPROACH
2.4. DATA TRIANGULATION
2.5. ESTIMATION METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW
4.1. MARKET DEFINITION
4.2. MARKET DRIVERS
4.2.1. HUGE INVESTMENTS IN R & D
4.2.2. INCREASED CRUDE PRODUCTION RATE DUE TO AUTOMATION & INSTRUMENTATION
4.2.3. RISING DEMAND FOR OIL & GAS ASIA PACIFICLY
4.2.4. AUTOMATION & INSTRUMENTATION IMPROVES PROCESS EFFICIENCY & SAFETY
4.2.5. NEED FOR SOFTWARE TO DETECT AND REDUCE FAILURES
4.3. MARKET RESTRAINTS
4.3.1. HIGH CAPITAL EXPENDITURE
4.3.2. LACK OF SKILLED WORKERS
4.3.3. SLUGGISH GROWTH IN DEVELOPED MARKETS
4.4. MARKET OPPORTUNITIES
4.4.1. RISING ENERGY DEMAND FROM EMERGING ECONOMIES OF ASIA-PACIFIC
4.4.2. INCREASING ADOPTION OF PLC IN OIL & GAS SECTOR
4.4.3. INTERNET OF THINGS (IOT) APPLICATIONS ARE GROWING FAST
4.5. MARKET CHALLENGES
4.5.1. LOWER OIL & GAS RESOURCES
4.5.2. THE NEED TO MINIMIZE OPERATING COSTS
5. ASIA PACIFIC OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY TECHNOLOGY 2017-2024 ($ BILLION)
5.1. DCS (DISTRIBUTED CONTROL SYSTEM)
5.2. PLC (PROGRAMMABLE LOGIC CONTROLLER)
5.3. SCADA (SUPERVISORY CONTROL AND DATA ACQUISITION)
5.4. ACS (AUTOMATION AND CONTROL SYSTEM)
5.5. MES (MANUFACTURING EXECUTION SYSTEM)
5.6. SIS (SAFETY INSTRUMENTED SYSTEMS)
5.7. OTHERS
6. ASIA PACIFIC OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY SOLUTIONS 2017-2024 ($ BILLION)
6.1. HARDWARE
6.2. SOFTWARE
6.3. SERVICES
7. ASIA PACIFIC OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY INSTRUMENT 2017-2024 ($ BILLION)
7.1. FIELD INSTRUMENTS
7.2. CONTROL VALVES
7.3. COMMUNICATION
7.4. OTHERS
8. KEY ANALYTICS
8.1. PORTER’S 5 FORCE MODEL
8.1.1. THREAT OF SUBSTITUTE PRODUCTS
8.1.2. THREAT OF NEW ENTRANTS
8.1.3. BARGAINING POWER OF BUYERS
8.1.4. BARGAINING POWER OF SUPPLIERS
8.1.5. INTENSITY OF COMPETITIVE RIVALRY
8.2. PESTEL ANALYSIS
8.2.1. POLITICAL
8.2.2. ENVIRONMENT
8.2.3. SOCIAL
8.2.4. TECHNOLOGY
8.2.5. ECONOMICS
8.2.6. LEGAL
8.3. OPPORTUNITY MATRIX
8.4. VENDOR LANDSCAPE
9. ASIA PACIFIC OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY GEOGRAPHY 2017-2024 ($ BILLION)
9.1. CHINA
9.2. INDIA
9.3. INDONESIA
9.4. MALAYSIA
9.5. REST OF ASIA-PACIFIC
10. COMPANY PROFILES
10.1. ABB LTD.
10.2. SIEMENS AG
10.3. SCHNEIDER ELECTRIC SE
10.4. MITSUBISHI ELECTRIC CORPORATION
10.5. ROCKWELL AUTOMATION INC.
10.6. GENERAL ELECTRIC CORPORATION (GE)
10.7. YOKOGAWA ELECTRIC CORPORATION
10.8. WEATHERFORD INTERNATIONAL LTD.
10.9. BAKER HUGHES INCORPORATED
10.10. TYCO INTERNATIONAL PLC
10.11. BP PLC
10.12. SIGIT AUTOMATION INC.
10.13. EATON CORPORATION PLC
10.14. ROYAL DUTCH SHELL PLC (SHELL)
TABLE LIST
TABLE 1 ASIA PACIFIC OIL AND GAS PROCESS AUTOMATION MARKET BY COUNTRY 2017-2024 ($ BILLION)
TABLE 2 ASIA PACIFIC OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY TECHNOLOGY 2017-2024 ($ BILLION)
TABLE 3 ASIA PACIFIC OIL AND GAS PROCESS AUTOMATION MARKET BY TYPE OF SOLUTIONS 2017 - 2024 ($ BILLION)
TABLE 4 HARDWARE COMPONENTS
TABLE 5 ASIA PACIFIC OIL AND GAS PROCESS AUTOMATION MARKET BY INSTRUMENT 2017 - 2024 ($ BILLION)
TABLE 6 ASIA PACIFIC OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET BY COUNTRY 2017-2024 ($ BILLION)
FIGURE LIST
FIGURE 1 ASIA-PACIFIC OIL AND GAS PROCESS AUTOMATION MARKET BY SOLUTION 2017 - 2024 ($ BILLION)
FIGURE 2 OIL PRODUCTION (IN MILLION BARRELS PER DAY)
FIGURE 3 GLOBAL DEMAND FOR OIL (IN MILLION BARRELS PER DAY)
FIGURE 4 ASIA-PACIFIC OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY DCS 2017-2024 ($ BILLION)
FIGURE 5 ASIA-PACIFIC OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY PLC 2017-2024 ($ BILLION)
FIGURE 6 ASIA-PACIFIC OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY SCADA 2017-2024 ($ BILLION)
FIGURE 7 ASIA-PACIFIC OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY ACS 2017-2024 ($ BILLION)
FIGURE 8 ASIA-PACIFIC OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY MES 2017-2024 ($ BILLION)
FIGURE 9 ASIA-PACIFIC OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY SIS 2017-2024 ($ BILLION)
FIGURE 10 ASIA-PACIFIC OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY OTHERS 2017-2024 ($ BILLION)
FIGURE 11 ASIA-PACIFIC OIL AND GAS PROCESS AUTOMATION MARKET BY HARDWARE COMPONENTS 2017 - 2024 ($ BILLION)
FIGURE 12 ASIA-PACIFIC OIL AND GAS PROCESS AUTOMATION MARKET BY SOFTWARE 2017 - 2024 ($ BILLION)
FIGURE 13 ASIA-PACIFIC OIL AND GAS PROCESS AUTOMATION MARKET BY SERVICES 2017 - 2024 ($ BILLION)
FIGURE 14 OIL AND GAS PROCESS AUTOMATION MARKET BY FIELD INSTRUMENTS 2017 - 2024 ($ BILLION)
FIGURE 15 ASIA-PACIFIC OIL AND GAS PROCESS AUTOMATION MARKET BY CONTROL VALVES & POSITIONERS 2017 - 2024 ($ BILLION)
FIGURE 16 ASIA-PACIFIC OIL AND GAS PROCESS AUTOMATION MARKET BY COMMUNICATION 2017 - 2024 ($ BILLION)
FIGURE 17 ASIA-PACIFIC OIL AND PROCESS AUTOMATION MARKET BY OTHERS 2017 - 2024 ($ BILLION)
FIGURE 18 CHINA OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET 2017-2024 ($ BILLION)
FIGURE 19 INDIA OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET 2017-2024 ($ BILLION)
FIGURE 20 INDONESIA OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET 2017-2024 ($ BILLION)
FIGURE 21 MALAYSIA OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET 2017-2024 ($ BILLION)
FIGURE 22 REST OF ASIA-PACIFIC OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET 2017-2024 ($ BILLION)
