Global Oil & Gas Process Automation & Instrumentation Market to Grow at a CAGR of 41.89% by 2026

Global Oil & Gas Process Automation & Instrumentation Market was valued at nearly $ 15 billion in 2017 and is anticipated to reach around $ 23 billion by 2026, growing at an estimated CAGR of 4.18% during the forecast period of 2017-2026.
According to a new market research report launched by Inkwood Research, the Global Oil & Gas Process Automation & Instrumentation Market was valued at nearly $ 15 billion in 2017 and is anticipated to reach around $ 23 billion by 2026, growing at an estimated CAGR of 4.18% during the forecast period of 2017-2026.

Browse 25 market data Tables and 41 Figures spread over 172 Pages along with in-depth analysis on Global Oil & Gas Process Automation & Instrumentation Market by Technology (DCS (Distributed Control System), PLC (Programmable Logic Controller), Automation and Control System, Manufacturing Execution System, Safety Instrumented Systems, Others) by Solutions (Hardware, Software, Services) by Instrument (Field Instruments, Control Valves, Communication) & by Geography.

This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market, by assessing major geographies such as North America, Europe, Asia Pacific, and Rest of World, and is a valuable asset for the existing players, new entrants, and future investors. The study presents a detailed market analysis, with inputs derived from industry professionals across the value chain.

 

 Oil & Gas Process Automation & Instrumentation Market scenario

 

Increased crude production rate due to automation & instrumentation, huge investments in R&D, rising demand for oil & gas globally, need for software to detect and reduce failures, automation & instrumentation improves process efficiency & safety are the factors proliferating the growth of the oil & gas process automation & instrumentation market across the globe.

The oil & gas process automation & instrumentation market report provides data tables and includes charts and graphs for visual analysis.

Request Free Sample Report for Oil & Gas Process Automation & Instrumentation Market by Technology, End User, and Application & Geography: https://www.inkwoodresearch.com/reports/oil-gas-process-automation-instrumentation-market/#request-free-sample

 

Market Segmentation

On the basis of technology, the oil & gas process automation & instrumentation market is 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

On the basis of solution, the oil & gas process automation & instrumentation market is segmented into:

  • Hardware
  • Software
  • Services

On the basis of instruments, the oil & gas process automation & instrumentation market is segmented into:

  • Field instruments
  • Control valves
  • Communication
  • Others

Report Highlights

– The report provides a detailed analysis of the current and future market trends, to identify the investment opportunities
– Market forecasts till 2026, using estimated market values as the base numbers
– Key market trends across the business segments, regions and countries
– Key developments and strategies observed in the market
– Market dynamics such as drivers, restraints, opportunities and other trends
– In-depth company profiles of key players and upcoming prominent players
– Growth prospects among the emerging nations through 2026

Companies Profiled

–        ABB LTD

–        SIEMENS AG

–        SCHNEIDER ELECTRIC SE

–        MITSUBISHI ELECTRIC CORPORATION

–        ROCKWELL AUTOMATION INC

–        GENERAL ELECTRIC CORPORATION (GE)

–        YOKOGAWA ELECTRIC CORPORATION

–        WEATHERFORD INTERNATIONAL LTD

–        BAKER HUGHES INCORPORATED

–        TYCO INTERNATIONAL PLC

–        BP PLC

–        SIGIT AUTOMATION INC.

–        EATON CORPORATION PLC

–        ROYAL DUTCH SHELL PLC (SHELL)

 

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