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North America Oil And Gas Process Automation And Instrumentation Market Forecast 2017-2024

North America Oil And Gas Process Automation And Instrumentation Market Forecast 2017-2024

KEY FINDINGS
The North America oil & gas process automation and instrumentation market is anticipated to grow at a CAGR of 6.10%. The market worth is estimated to increase from $2.75 billion in 2016 and reach $4.45 billion by 2024.

MARKET INSIGHTS
The North America oil & gas process automation and instrumentation market is segmented on the basis of instruments, solutions, and technology. The instruments can be further classified as communication instruments, field instruments, control valves, etc. The solution segment can be further classified into service solutions, hardware and software solutions. The technology segment consists of DCS (Distributed Control System), PLC (Programmable Logic Controller), SCADA (Supervisory Control And Data Acquisition), ACS (Automation And Control System), MES (Manufacturing Execution System), and SIS (Safety Instrumented Systems). The high cost of capital required for the installation of process automation systems coupled with the need for specialized personnel to install as well as operate is the major restraint for the market.

COMPETITIVE INSIGHTS
Some of the major players in the market include Eaton Corporation Plc, Royal Dutch Shell Plc, Sigit Automation Inc, Tyco International Plc, Bp Plc, Baker Hughes Incorporated, Yokogawa Electric Corporation, Weatherford International Ltd., General Electric Corporation (Ge), Mitsubishi Electric Corporation, Rockwell Automation Inc., Schneider Electric Se, ABB Ltd , and Siemens Ag,.


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 North 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. North America 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. North America Oil & Gas Process Automation & Instrumentation Market By Solutions 2017-2024 ($ Billion)
6.1. Hardware
6.2. Software
6.3. Services
7. North America 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. North America Oil & Gas Process Automation & Instrumentation Market By Geography 2017-2024 ($ Billion)
9.1. U.S.
9.2. Canada
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 North America Oil And Gas Process Automation Market By Country 2017 - 2024 ($ Billion)
Table 2 North America Oil & Gas Process Automation & Instrumentation Market By Technology 2017-2024 ($ Billion)
Table 3 North America Oil And Gas Process Automation Market By Type Of Solutions 2017-2024 ($ Billion)
Table 4 Hardware Components
Table 5 North America Oil And Gas Process Automation Market By Instrument 2017-2024 ($ Billion)
Table 6 North America Oil & Gas Process Automation And Instrumentation Market By Country 2017-2024 ($ Billion)
Figure List
Figure 1 North America 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 North America Oil & Gas Process Automation & Instrumentation Market By Dcs 2017-2014 ($ Billion)
Figure 5 North America Oil & Gas Process Automation & Instrumentation Market By Plc 2017-2014 ($ Billion)
Figure 6 North America Oil & Gas Process Automation & Instrumentation Market By Scada 2017-2014 ($ Billion)
Figure 7 North America Oil & Gas Process Automation & Instrumentation Market By Acs 2017-2014 ($ Billion)
Figure 8 North America Oil & Gas Process Automation & Instrumentation Market By Mes 2017-2014 ($ Billion)
Figure 9 North America Oil & Gas Process Automation & Instrumentation Market By Sis 2017-2014 ($ Billion)
Figure 10 North America Oil & Gas Process Automation & Instrumentation Market By Others 2017-2014 ($ Billion)
Figure 11 North America Oil And Gas Process Automation Market By Hardware Components 2017 - 2024 ($ Billion)
Figure 12 North America Oil And Gas Process Automation Market By Software 2017 - 2024 ($ Billion)
Figure 13 North America 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 North America Oil And Gas Process Automation Market By Control Valves & Positioners 2017 - 2024 ($ Billion)
Figure 16 North America Oil And Gas Process Automation Market By Communication ($ Billion)
Figure 17 North America Oil And Process Automation Market 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)

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