GLOBAL OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET FORECAST 2017-2024

July 2017 | 142 pages | ID: G97F3799146EN
Inkwood Research

Abstracts

KEY FINDINGS

The global oil and gas process automation and instrumentation market is anticipated to grow at a CAGR of 4.13% during the forecast period of 2017 – 2024. The Middle East and Africa region held the highest revenue share for the year 2016.

Some of the factors responsible for propelling the market growth are the improved production efficiency and plant safety, huge investments in R & D, increased crude production rate due to automation & instrumentation, rising demand for oil & gas globally and the need for software to detect and reduce failures.

MARKET INSIGHTS

The global oil and gas process automation market can be divided on the basis of solutions, technologies, and instruments. The solutions are segmented into

• Hardware solutions
• Software solutions
• Services

Technologies are segmented into:

• DCS (Distributed Control System)
• PLC (Programmable Logic Controller)
• SCADA (Supervisory Control and Data Acquisition)
• ACS (Automation and Control System)
• MES (Manufacturing Execution System)
• SIS (Safety Instrumented Systems)
• Others

Instruments are segmented into:

• Field instruments
• Communication devices
• Control valves
• Other instruments

Manufacturing Execution Systems that keeps track of all manufacturing information in real time, receiving up-to-the-minute data from robots, machine monitors, and employees, is anticipated to grow at a CAGR of 6.83% during the forecast period.

REGIONAL INSIGHTS

The global oil and gas process automation is divided into following regions:

• North America - U.S. & Canada
• Asia-Pacific - China, India, Indonesia, Malaysia, and RoAPAC
• Europe – Russia, Germany, France, UK, Italy, and RoE
• The Middle East and Africa – Saudi Arabia, Iraq, United Arab Emirates, Kuwait, Iran, and RoME&A
• Latin America – Venezuela, Brazil, Mexico, Argentina, and RoLA

On account of its huge oil and gas resources and the rapid technological advancements, the Middle East and Africa region held the largest market share in the oil and gas process automation market in 2016 and is expected to continue its dominance throughout the forecast period. On the other hand, the Asia-Pacific is predicted to be the fastest-growing region in the global market in the coming years due to a surge in the growth of the oil and gas industry in this region. The oil and gas industry is rapidly growing in countries like India, Malaysia, Indonesia and China. These regions are proving to be a very lucrative investment and expansion opportunity for many international oil and gas companies.

COMPETITIVE INSIGHTS

The major players in the global oil and gas process automation market include:

• ABB Ltd.
• Schneider Electric SE
• Rockwell Automation
• Mitsubishi Electric Corp.
• General Electric Corp.
• Others.

All these companies are using different strategies to capture the growth potential in the market. For example, Yokogawa Electric Corporation announced the acquisition of Industrial Evolution, Inc. to strengthen its provision of advanced solutions for the process industries, the Rockwell Automation introduced the Allen-Bradley Stratix 5950 security appliance to help protect plant-floor systems, etc.

Contents

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 GLOBALLY
  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 AND LATIN AMERICA
  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. GLOBAL 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. GLOBAL OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY SOLUTIONS 2017-2024 ($ BILLION)

6.1. HARDWARE
6.2. SOFTWARE
6.3. SERVICES

7. GLOBAL 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. GLOBAL OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY GEOGRAPHY 2017-2024 ($ BILLION)

9.1. NORTH AMERICA
  9.1.1. U.S.
  9.1.2. CANADA
9.2. EUROPE
  9.2.1. RUSSIA
  9.2.2. GERMANY
  9.2.3. FRANCE
  9.2.4. UK
  9.2.5. ITALY
  9.2.6. REST OF EUROPE
9.3. ASIA PACIFIC
  9.3.1. CHINA
  9.3.2. INDIA
  9.3.3. INDONESIA
  9.3.4. MALAYSIA
  9.3.5. REST OF ASIA-PACIFIC
9.4. MIDDLE EAST AND AFRICA
  9.4.1. SAUDI ARABIA
  9.4.2. IRAQ
  9.4.3. The UNITED ARAB EMIRATES
  9.4.4. KUWAIT
  9.4.5. IRAN
  9.4.6. REST OF MIDDLE EAST AND AFRICA
9.5. LATIN AMERICA
  9.5.1. VENEZUELA
  9.5.2. BRAZIL
  9.5.3. MEXICO
  9.5.4. ARGENTINA
  9.5.5. REST OF LATIN AMERICA

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 GLOBAL OIL AND GAS PROCESS AUTOMATION MARKET BY REGION 2017 - 2024 ($ BILLION)
TABLE 2 GLOBAL OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY TECHNOLOGY 2017-2024 ($ BILLION)
TABLE 3 GLOBAL OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET (DCS) BY GEOGRAPHY 2017 - 2024 ($ BILLION)
TABLE 4 GLOBAL OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET (PLC) BY GEOGRAPHY 2017 - 2024 ($ BILLION)
TABLE 5 GLOBAL OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET (SCADA) BY GEOGRAPHY 2017 - 2024 ($ BILLION)
TABLE 6 GLOBAL OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET (ACS) BY GEOGRAPHY 2017 - 2024 ($ BILLION)
TABLE 7 GLOBAL OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET (MES) BY GEOGRAPHY 2017 - 2024 ($ BILLION)
TABLE 8 GLOBAL OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET (SIS) BY GEOGRAPHY 2017 - 2024 ($ BILLION)
TABLE 9 GLOBAL OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET (OTHERS) BY GEOGRAPHY 2017 - 2024 ($ BILLION)
TABLE 10 GLOBAL OIL AND GAS PROCESS AUTOMATION MARKET FORECAST BY TYPE OF SOLUTIONS 2017 - 2024 ($ BILLION)
TABLE 11 HARDWARE COMPONENTS
TABLE 12 HARDWARE SOLUTIONS FOR GLOBAL OIL AND GAS PROCESS AUTOMATION BY REGION 2017 - 2024 ($ BILLION)
TABLE 13 SOFTWARE SOLUTIONS FOR OIL AND GAS PROCESS AUTOMATION MARKET FORECAST BY GEOGRAPHY 2017 - 2024 ($ BILLION)
TABLE 14 SERVICES SOLUTION FOR OIL AND GAS PROCESS AUTOMATION MARKET FORECAST BY GEOGRAPHY 2017 - 2024 ($ BILLION)
TABLE 15 GLOBAL OIL AND GAS PROCESS AUTOMATION MARKET FORECAST BY INSTRUMENT 2017 - 2024 ($ BILLION)
TABLE 16 FIELD INSTRUMENTS FOR OIL AND GAS INSTRUMENT PROCESS AUTOMATION MARKET FORECAST BY GEOGRAPHY 2017 - 2024 ($ BILLION)
TABLE 17 CONTROL VALVES FOR OIL AND GAS PROCESS AUTOMATION MARKET FORECAST BY GEOGRAPHY 2017 - 2024 ($ BILLION)
TABLE 18 COMMUNICATION FOR GLOBAL OIL AND GAS PROCESS AUTOMATION MARKET FORECAST BY GEOGRAPHY 2017 - 2024 ($ BILLION)
TABLE 19 OTHER INSTRUMENTS FOR GLOBAL OIL AND GAS INSTRUMENT PROCESS AUTOMATION & INSTRUMENTATION MARKET FORECAST BY GEOGRAPHY 2017 - 2024 ($ BILLION)
TABLE 20 GLOBAL OIL AND GAS PROCESS AUTOMATION BY REGION 2017 - 2024 ($ BILLION)
TABLE 21 NORTH AMERICA OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET BY COUNTRY 2017-2024 ($ BILLION)
TABLE 22 EUROPE OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET BY COUNTRY 2017-2024 ($ BILLION)
TABLE 23 ASIA PACIFIC OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET BY COUNTRY 2017-2024 ($ BILLION)
TABLE 24 MIDDLE EAST AND AFRICA OIL AND GAS PROCESS AUTOMATION BY COUNTRY 2017-2024 ($ BILLION)
TABLE 25 LATIN AMERICA OIL AND GAS PROCESS AUTOMATION MARKET BY COUNTRY 2017 - 2024 ($ BILLION)

FIGURE LIST

FIGURE 1 GLOBAL OIL AND GAS PROCESS AUTOMATION MARKET BY SOLUTION ($ BILLION)
FIGURE 2 OIL PRODUCTION (IN MILLION BARRELS PER DAY)
FIGURE 3 GLOBAL DEMAND FOR OIL (IN MILLION BARRELS PER DAY)
FIGURE 4 GLOBAL OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY DCS 2017 - 2024 ($ BILLION)
FIGURE 5 GLOBAL OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY PLC 2017 - 2024 ($ BILLION)
FIGURE 6 GLOBAL OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY SCADA 2017 - 2024 ($ BILLION)
FIGURE 7 GLOBAL OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY ACS 2017 - 2024 ($ BILLION)
FIGURE 8 GLOBAL OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY MES 2017 - 2024 ($ BILLION)
FIGURE 9 GLOBAL OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY SIS 2017 - 2024 ($ BILLION)
FIGURE 10 GLOBAL OIL & GAS PROCESS AUTOMATION & INSTRUMENTATION MARKET BY OTHERS 2017 - 2024 ($ BILLION)
FIGURE 11 GLOBAL OIL AND GAS PROCESS AUTOMATION MARKET BY HARDWARE COMPONENTS 2017 - 2024 ($ BILLION)
FIGURE 12 GLOBAL OIL AND GAS PROCESS AUTOMATION MARKET BY SOFTWARE 2017 - 2024 ($ BILLION)
FIGURE 13 GLOBAL OIL AND GAS PROCESS AUTOMATION MARKET BY SERVICES 2017 - 2014 ($ BILLION)
FIGURE 14 OIL AND GAS PROCESS AUTOMATION MARKET FORECAST BY FIELD INSTRUMENTS 2017 - 2024 ($ BILLION)
FIGURE 15 GLOBAL OIL AND GAS PROCESS AUTOMATION MARKET FORECAST BY CONTROL VALVES & POSITIONERS 2017 - 2024 ($ BILLION)
FIGURE 16 GLOBAL OIL AND GAS PROCESS AUTOMATION MARKET FORECAST BY COMMUNICATION 2017 - 2024 ($ BILLION)
FIGURE 17 GLOBAL OIL AND PROCESS AUTOMATION MARKET FORECAST BY OTHERS 2017 - 2024 ($ BILLION)
FIGURE 18 US OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET 2017-2024 ($ BILLION)
FIGURE 19 CANADA OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET 2017-2024 ($ BILLION)
FIGURE 20 RUSSIA OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET 2017-2024 ($ BILLION)
FIGURE 21 GERMANY OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET 2017-2024 ($ BILLION)
FIGURE 22 FRANCE OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET 2017-2024 ($ BILLION)
FIGURE 23 UK OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET 2017-2024 ($ BILLION)
FIGURE 24 ITALY OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET 2017-2024 ($ BILLION)
FIGURE 25 REST OF EUROPE OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET 2017-2024 ($ BILLION)
FIGURE 26 CHINA OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET 2017-2024 ($ BILLION)
FIGURE 27 INDIA OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET 2017-2024 ($ BILLION)
FIGURE 28 INDONESIA OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET 2017-2024 ($ BILLION)
FIGURE 29 MALAYSIA OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET 2017-2024 ($ BILLION)
FIGURE 30 REST OF ASIA-PACIFIC OIL & GAS PROCESS AUTOMATION AND INSTRUMENTATION MARKET 2017-2024 ($ BILLION)
FIGURE 31 SAUDI ARABIA OIL AND GAS PROCESS AUTOMATION MARKET 2017 - 2024 ($ BILLION)
FIGURE 32 IRAQ OIL AND GAS PROCESS AUTOMATION MARKET 2017 - 2024 ($ BILLION)
FIGURE 33 UAE OIL AND GAS PROCESS AUTOMATION MARKET 2017 - 2024 ($ BILLION)
FIGURE 34 KUWAIT OIL AND GAS PROCESS AUTOMATION MARKET 2017 - 2024 ($ BILLION)
FIGURE 35 IRAN OIL AND GAS PROCESS AUTOMATION MARKET 2017 – 2024 ($ BILLION)
FIGURE 36 REST OF MIDDLE EAST AND AFRICA OIL AND GAS PROCESS AUTOMATION MARKET 2017 - 2024 ($ BILLION)
FIGURE 37 VENEZUELA OIL AND GAS PROCESS AUTOMATION MARKET 2017 - 2024 ($ BILLION)
FIGURE 38 BRAZIL OIL AND GAS PROCESS AUTOMATION MARKET 2017 - 2024 ($ BILLION)
FIGURE 39 MEXICO OIL AND GAS PROCESS AUTOMATION MARKET 2017 - 2024 ($ BILLION)
FIGURE 40 ARGENTINA OIL AND GAS PROCESS AUTOMATION MARKET 2017 - 2024 ($ BILLION)
FIGURE 41 REST OF LATIN AMERICA OIL AND GAS PROCESS AUTOMATION MARKET 2017 - 2024 ($ BILLION)