Automation Solutions Market in the Oil and Gas Industry by Product and Geography - Forecast and Analysis 2020-2024

Automation Solutions Market in the Oil and Gas Industry by Product and Geography - Forecast and Analysis 2020-2024

Global Automation Solutions Market in the Oil and Gas Industry: About this market

Technavio’s oil and gas automation solutions market analysis considers sales from hardware, software, and maintenance and services. Our report also provides a detailed analysis of the market in APAC, Europe, North America, MEA, and South America. In 2019, the SCADA systems product segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as monitoring and controlling activities for integral processes will play a vital role in helping the SCADA system segment to maintain its market position. Also, our global oil and gas automation solutions market report looks at factors such as growing regulatory compliance, gradual recovery in upstream activities, and rise in global demand for oil and gas. However, growing cyber security concerns, interoperability issues due to proprietary software, and volatile oil and gas environment may hamper the growth of the oil and gas automation solutions industry over the forecast period.

Global Automation Solutions Market in the Oil and Gas Industry: Overview

Rise in the global demand for oil and gas

The increasing demand for oil and gas has increased investments in midstream infrastructure, which includes the expansion of oil and gas terminals and the construction of pipelines. This has a direct impact on the demand for oil and gas automation solutions. Automation systems such as SCADA and DCS are implemented to overcome common problems, such as unstable flow of fluids through pipelines and risers in the upstream segment. This demand will lead to the expansion of the global oil and gas automation solutions market at a CAGR of over 5% during the forecast period.

Growing importance of big data analytics and IoT

The oil and gas industry is adopting IoT-enabled electric components and equipment to obtain increased efficiency and reduced downtime. The application of big data analytics can break down organizational and operational data and system silos and automate the data gathering process across business operations. Moreover, the application of IoT-enabled solutions ensures cost savings and increases operational efficiency of oil and gas industry. This development is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global oil and gas automation solutions market during the forecast period 2020-2024, click here.

Competitive Landscape

With the presence of several major players, the global oil and gas automation solutions market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading oil and gas automation solutions manufacturers, that include ABB Ltd., Eaton Corp. Plc, Emerson Electric Co., Honeywell International Inc., Mitsubishi Electric Corp., OMRON Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp.

Also, the oil and gas automation solutions market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


  • Executive summary
  • Scope of the report
    • Preface
      • Table Product overview
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global electrical components and equipment market
      • Table Segments of global electrical components and equipment market
    • Value chain analysis
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2019
      • Table Market size 2019
    • Market size and forecast 2019-2024
      • Table Global market: Size and forecast 2019-2024 ($ millions)
      • Table Global market: Year-over-year growth 2020-2024 (%)
  • Five forces analysis
    • Table Five forces analysis 2019
    • Table Five forces analysis 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market segmentation by product
    • Table Product - Market share 2019-2024 (%)
    • Comparison by product
      • Table Comparison by product
    • SCADA - Market size and forecast 2019-2024
      • Table SCADA - Market size and forecast 2019-2024 ($ millions)
      • Table SCADA - Year-over-year growth 2020-2024 (%)
    • DCS - Market size and forecast 2019-2024
      • Table DCS - Market size and forecast 2019-2024 ($ millions)
      • Table DCS - Year-over-year growth 2020-2024 (%)
    • PLC - Market size and forecast 2019-2024
      • Table PLC - Market size and forecast 2019-2024 ($ millions)
      • Table PLC - Year-over-year growth 2020-2024 (%)
    • MES - Market size and forecast 2019-2024
      • Table MES - Market size and forecast 2019-2024 ($ millions)
      • Table MES - Year-over-year growth 2020-2024 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2019-2024
      • Table North America - Market size and forecast 2019-2024 ($ millions)
      • Table North America - Year-over-year growth 2020-2024 (%)
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ millions)
      • Table APAC - Year-over-year growth 2020-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ millions)
      • Table Europe - Year-over-year growth 2020-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 ($ millions)
      • Table MEA - Year-over-year growth 2020-2024 (%)
    • South America - Market size and forecast 2019-2024
      • Table South America - Market size and forecast 2019-2024 ($ millions)
      • Table South America - Year-over-year growth 2020-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Growing importance of big data analytics and IoT
    • Value chain integration
    • Shift from on-premise to cloud-based systems
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • ABB Ltd.
      • Table ABB Ltd. - Vendor overview
      • Table ABB Ltd. - Business segments
      • Table ABB Ltd. - Organizational developments
      • Table ABB Ltd. - Geographic focus
      • Table ABB Ltd. - Segment focus
      • Table ABB Ltd. - Key offerings
    • Eaton Corp. Plc
      • Table Eaton Corp. Plc - Vendor overview
      • Table Eaton Corp. Plc - Business segments
      • Table Eaton Corp. Plc - Organizational developments
      • Table Eaton Corp. Plc - Geographic focus
      • Table Eaton Corp. Plc - Segment focus
      • Table Eaton Corp. Plc - Key offerings
    • Emerson Electric Co.
      • Table Emerson Electric Co. - Vendor overview
      • Table Emerson Electric Co. - Business segments
      • Table Emerson Electric Co. - Organizational developments
      • Table Emerson Electric Co. - Geographic focus
      • Table Emerson Electric Co. - Segment focus
      • Table Emerson Electric Co. - Key offerings
    • Honeywell International Inc.
      • Table Honeywell International Inc. - Vendor overview
      • Table Honeywell International Inc. - Business segments
      • Table Honeywell International Inc. - Organizational developments
      • Table Honeywell International Inc. - Geographic focus
      • Table Honeywell International Inc. - Segment focus
      • Table Honeywell International Inc. - Key offerings
    • Mitsubishi Electric Corp.
      • Table Mitsubishi Electric Corp. - Vendor overview
      • Table Mitsubishi Electric Corp. - Business segments
      • Table Mitsubishi Electric Corp. - Organizational developments
      • Table Mitsubishi Electric Corp. - Geographic focus
      • Table Mitsubishi Electric Corp. - Segment focus
      • Table Mitsubishi Electric Corp. - Key offerings
    • OMRON Corp.
      • Table OMRON Corp. - Vendor overview
      • Table OMRON Corp. - Business segments
      • Table OMRON Corp. - Organizational developments
      • Table OMRON Corp. - Geographic focus
      • Table OMRON Corp. - Segment focus
      • Table OMRON Corp. - Key offerings
    • Rockwell Automation Inc.
      • Table Rockwell Automation Inc. - Vendor overview
      • Table Rockwell Automation Inc. - Business segments
      • Table Rockwell Automation Inc. - Organizational developments
      • Table Rockwell Automation Inc. - Geographic focus
      • Table Rockwell Automation Inc. - Segment focus
      • Table Rockwell Automation Inc. - Key offerings
    • Schneider Electric SE
      • Table Schneider Electric SE - Vendor overview
      • Table Schneider Electric SE - Business segments
      • Table Schneider Electric SE - Organizational developments
      • Table Schneider Electric SE - Geographic focus
      • Table Schneider Electric SE - Segment focus
      • Table Schneider Electric SE - Key offerings
    • Siemens AG
      • Table Siemens AG - Vendor overview
      • Table Siemens AG - Business segments
      • Table Siemens AG - Organizational developments
      • Table Siemens AG - Geographic focus
      • Table Siemens AG - Segment focus
      • Table Siemens AG - Key offerings
    • Yokogawa Electric Corp.
      • Table Yokogawa Electric Corp. - Vendor overview
      • Table Yokogawa Electric Corp. - Business segments
      • Table Yokogawa Electric Corp. - Organizational developments
      • Table Yokogawa Electric Corp. - Geographic focus
      • Table Yokogawa Electric Corp. - Segment focus
      • Table Yokogawa Electric Corp. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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