Industrial Automation Oil & Gas Market Size, Share and Technology Update 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 key factors fueling the growth of the market IIoT adding value in the industrial automation and optimum and effective exploration of aging reservoirs.

The field instruments to hold the largest size of the components in industrial automation oil & gas market by 2025.

Field instruments market is expected to hold the largest share during the forecast period. Field instruments comprise four types of transmitters—pressure, temperature, level, and vibration level switch, which are used for various processes involved in instrumentation. Pressure transmitters are extensively used in the oil and gas sector for the measurement of flow, level, pressure, density, and viscosity, among which flow measurement is the most common application area. Field instruments’ ability to adapt to IoT and field parameter analysis propels the market in industrial automation for oil & gas market.

The DCS is projected to account for the largest size of the solutions in industrial automation oil & gas market by 2025.

The oil & gas sector is a major application area for solutions such as PLC, SCADA, DCS, and safety automation; however, the declining prices of oil and reducing oil & gas projects are expected to lead to the steady growth of these markets. Due to the geographically dispersed oil & gas platforms, it is important to have proper communication systems. This growth is attributed to the huge development of industries in India and China. This factor is expected to create a huge demand for automation products that include DCS systems.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1289

APAC projected to be the largest market for a industrial automation oil & gas from 2020 to 2025.

The growth of this market is driven by the flourishing manufacturing industry with continuously changing trends and ongoing advancements in automation technologies. Companies seek improved industrial automation oil & gas and solutions for predictive alerts, as well as for analyzing their systems to reduce overall operational and maintenance costs. In APAC, the deployment of industrial automation oil & gas components and solutions is expected to increase rapidly during the forecast period in China, India, and Malaysia.

The key players operating 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).

Know more Information @ https://www.marketsandmarkets.com/Market-Reports/process-automation-instrumentation-market-1289.html

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441