EUROPE OIL AND GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET FORECAST 2017-2024
KEY FINDINGS
The Europe oil & gas process automation and instrumentation market is anticipated to grow at a CAGR of 4.67% during the forecast period of 2017-2024. The market worth is estimated to increase from $2.45 billion in 2016 and reach $3.56 billion by 2024. The improved efficiency and safety offered by these systems is an important driver for this market.
MARKET INSIGHTS
The market is segmented on the basis of instrument type, technology and by solutions. The instrument segment is further sub-divided into field instruments, control valves, and communication instruments. By technology, the market can be further classified into ACS (automation and control system), MES (manufacturing execution system), SIS (safety instrumented systems), SCADA (supervisory control and data acquisition), PLC (programmable logic controller), and DCS (distributed control system). The solutions segment is further categorized into software solutions, hardware solutions, and others.Thus, although the prospects look strong for the market, emerging challenges such as lower oil & gas resources and the need to minimize operating costs are hindering the market growth.
COMPETITIVE INSIGHTS
Some of the major players in the market are Royal Dutch Shell Plc, Siemens Ag, ABB Ltd, Schneider Electric Se, , Eaton Corporation Plc, Sigit Automation Inc, Bp Plc, Mitsubishi Electric Corporation,Rockwell Automation Inc, General Electric Corporation (Ge), Tyco International Plc, Baker Hughes Incorporated, Weatherford International Ltd, and Yokogawa Electric Corporation.
The Europe oil & gas process automation and instrumentation market is anticipated to grow at a CAGR of 4.67% during the forecast period of 2017-2024. The market worth is estimated to increase from $2.45 billion in 2016 and reach $3.56 billion by 2024. The improved efficiency and safety offered by these systems is an important driver for this market.
MARKET INSIGHTS
The market is segmented on the basis of instrument type, technology and by solutions. The instrument segment is further sub-divided into field instruments, control valves, and communication instruments. By technology, the market can be further classified into ACS (automation and control system), MES (manufacturing execution system), SIS (safety instrumented systems), SCADA (supervisory control and data acquisition), PLC (programmable logic controller), and DCS (distributed control system). The solutions segment is further categorized into software solutions, hardware solutions, and others.Thus, although the prospects look strong for the market, emerging challenges such as lower oil & gas resources and the need to minimize operating costs are hindering the market growth.
COMPETITIVE INSIGHTS
Some of the major players in the market are Royal Dutch Shell Plc, Siemens Ag, ABB Ltd, Schneider Electric Se, , Eaton Corporation Plc, Sigit Automation Inc, Bp Plc, Mitsubishi Electric Corporation,Rockwell Automation Inc, General Electric Corporation (Ge), Tyco International Plc, Baker Hughes Incorporated, Weatherford International Ltd, and Yokogawa Electric Corporation.
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 IN ASIA PACIFIC
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 EUROPE
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. EUROPE 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. EUROPE OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY SOLUTIONS 2017-2024 ($ BILLION)
6.1. HARDWARE
6.2. SOFTWARE
6.3. SERVICES
7. EUROPE 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. EUROPE OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY GEOGRAPHY 2017-2024 ($ BILLION)
9.1. RUSSIA
9.2. GERMANY
9.3. FRANCE
9.4. UK
9.5. ITALY
9.6. REST OF EUROPE
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)
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 IN ASIA PACIFIC
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 EUROPE
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. EUROPE 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. EUROPE OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY SOLUTIONS 2017-2024 ($ BILLION)
6.1. HARDWARE
6.2. SOFTWARE
6.3. SERVICES
7. EUROPE 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. EUROPE OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY GEOGRAPHY 2017-2024 ($ BILLION)
9.1. RUSSIA
9.2. GERMANY
9.3. FRANCE
9.4. UK
9.5. ITALY
9.6. REST OF EUROPE
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)
LIST OF TABLES
TABLE 1 EUROPE OIL AND GAS PROCESS AUTOMATION MARKET BY COUNTRY 2017-2024 ($ BILLION)
TABLE 2 EUROPE OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY TECHNOLOGY 2017-2024 ($ BILLION)
TABLE 3 EUROPE OIL AND GAS PROCESS AUTOMATION MARKET BY TYPE OF SOLUTIONS 2017 - 2024 ($ BILLION)
TABLE 4 HARDWARE COMPONENTS
TABLE 5 EUROPE OIL AND GAS PROCESS AUTOMATION MARKET BY INSTRUMENT 2017 – 2024 ($ BILLION)
TABLE 6 EUROPE OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET BY COUNTRY 2017-2024 ($ BILLION)
TABLE 1 EUROPE OIL AND GAS PROCESS AUTOMATION MARKET BY COUNTRY 2017-2024 ($ BILLION)
TABLE 2 EUROPE OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY TECHNOLOGY 2017-2024 ($ BILLION)
TABLE 3 EUROPE OIL AND GAS PROCESS AUTOMATION MARKET BY TYPE OF SOLUTIONS 2017 - 2024 ($ BILLION)
TABLE 4 HARDWARE COMPONENTS
TABLE 5 EUROPE OIL AND GAS PROCESS AUTOMATION MARKET BY INSTRUMENT 2017 – 2024 ($ BILLION)
TABLE 6 EUROPE OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET BY COUNTRY 2017-2024 ($ BILLION)
LIST OF FIGURES
FIGURE 1 EUROPE 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 EUROPE OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY DCS 2017-2024 ($ BILLION)
FIGURE 5 EUROPE OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY PLC 2017-2024 ($ BILLION)
FIGURE 6 EUROPE OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY SCADA 2017-2024 ($ BILLION)
FIGURE 7 EUROPE OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY ACS 2017-2024 ($ BILLION)
FIGURE 8 EUROPE OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY MES 2017-2024 ($ BILLION)
FIGURE 9 EUROPE OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY SIS 2017-2024 ($ BILLION)
FIGURE 10 EUROPE OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY OTHERS 2017-2024 ($ BILLION)
FIGURE 11 EUROPE OIL AND GAS PROCESS AUTOMATION MARKET BY HARDWARE COMPONENTS 2017 - 2024 ($ BILLION)
FIGURE 12 EUROPE OIL AND GAS PROCESS AUTOMATION MARKET BY SOFTWARE 2017 - 2024 ($ BILLION)
FIGURE 13 EUROPE 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 EUROPE OIL AND GAS PROCESS AUTOMATION MARKET BY CONTROL VALVES & POSITIONERS 2017 - 2024 ($ BILLION)
FIGURE 16 EUROPE OIL AND GAS PROCESS AUTOMATION MARKET BY COMMUNICATION ($ BILLION)
FIGURE 17 EUROPE OIL AND PROCESS AUTOMATION MARKET BY OTHERS 2017 - 2024 ($ BILLION)
FIGURE 18 RUSSIA OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET 2017-2024 ($ BILLION)
FIGURE 19 GERMANY OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET 2017-2024 ($ BILLION)
FIGURE 20 FRANCE OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET 2017-2024 ($ BILLION)
FIGURE 21 UK OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET 2017-2024 ($ BILLION)
FIGURE 22 ITALY OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET 2017-2024 ($ BILLION)
FIGURE 23 REST OF EUROPE OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET 2017-2024 ($ BILLION)
FIGURE 1 EUROPE 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 EUROPE OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY DCS 2017-2024 ($ BILLION)
FIGURE 5 EUROPE OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY PLC 2017-2024 ($ BILLION)
FIGURE 6 EUROPE OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY SCADA 2017-2024 ($ BILLION)
FIGURE 7 EUROPE OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY ACS 2017-2024 ($ BILLION)
FIGURE 8 EUROPE OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY MES 2017-2024 ($ BILLION)
FIGURE 9 EUROPE OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY SIS 2017-2024 ($ BILLION)
FIGURE 10 EUROPE OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY OTHERS 2017-2024 ($ BILLION)
FIGURE 11 EUROPE OIL AND GAS PROCESS AUTOMATION MARKET BY HARDWARE COMPONENTS 2017 - 2024 ($ BILLION)
FIGURE 12 EUROPE OIL AND GAS PROCESS AUTOMATION MARKET BY SOFTWARE 2017 - 2024 ($ BILLION)
FIGURE 13 EUROPE 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 EUROPE OIL AND GAS PROCESS AUTOMATION MARKET BY CONTROL VALVES & POSITIONERS 2017 - 2024 ($ BILLION)
FIGURE 16 EUROPE OIL AND GAS PROCESS AUTOMATION MARKET BY COMMUNICATION ($ BILLION)
FIGURE 17 EUROPE OIL AND PROCESS AUTOMATION MARKET BY OTHERS 2017 - 2024 ($ BILLION)
FIGURE 18 RUSSIA OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET 2017-2024 ($ BILLION)
FIGURE 19 GERMANY OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET 2017-2024 ($ BILLION)
FIGURE 20 FRANCE OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET 2017-2024 ($ BILLION)
FIGURE 21 UK OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET 2017-2024 ($ BILLION)
FIGURE 22 ITALY OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET 2017-2024 ($ BILLION)
FIGURE 23 REST OF EUROPE OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET 2017-2024 ($ BILLION)
