Global Oil and Gas Process Automation and Instrumentation Market by Type (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)), By Application (Oil& Gas, Food& Beverages, Chemicals, Pharmaceuticals, Water& Wastewater, Metals& Mining, Energy& Power, Pulp & Paper) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

The Global Oil and Gas Process Automation Market size is projected to reach USD 33.7 billion by 2028, at a CAGR of 5.1% from 2021-2028.  The major drivers for the growth are stringent government regulations, increasing demand for compliance with best practices, and growing awareness among end-users about the benefits offered by automation systems in terms of improving productivity and efficiency.

Oil and Gas Process Automation is a subset of the oil and gas process industry that deals with automated devices used to control equipment, operations, machines, or systems. The use of these automation tools allows for greater operational efficiency in extracting raw materials from deposits like natural gas, crude oil, oils, and other liquid hydrocarbons. This helps lower production costs through reduced staff requirements on site but also reduces capital expenditures by not having to invest in new infrastructure facilities.

On the basis of Types, the market is segmented into Distributed Control Systems (DCS), Programmable Logic Controller (PLC), Supervisory Control And Data Acquisition (SCADA), Automation And Control System (ACS), Manufacturing Execution System (MES), Safety Instrumented Systems (SIS).

Distributed Control Systems (DCS):

Distributed Control Systems (DCS) are computerized systems that allow a user to remotely control and monitor devices. This is accomplished by sending instructions through the network, which may be either wired or wireless. When coupled with other technologies such as SCADA, it becomes possible for operators at remote locations to access any console in order to diagnose problems or perform troubleshooting activities. DCSs are used widely across industries like oil& gas, food & beverage manufacturers, etc., worldwide.

A typical example of distributed control system application would be providing an operator with real-time information about various operational parameters on all points in a plant’s process including temperatures, pressures, and levels; displaying alarms from sensors; enabling alerts when abnormal conditions arise.

Programmable Logic Controller (PLC):

PLC is a programmable controller that operates on various input signals to output desired control actions. It assists in controlling different types of industrial processes, such as temperature and pressure controls, process timing events, and machine movements.

Supervisory Control And Data Acquisition (SCADA):

A SCADA system is centralized, computerized control and data acquisition system for an industrial process. It typically includes the hardware, software, human-machine interface (HMI), and firmware that together collect environmental sensor data from many remote locations at once to protect against unsafe operating conditions or equipment alarms. The information gathered by this network of sensors provides real-time monitoring of the entire production facility’s operations.

Automation And Control System (ACS):

Automation and Control System (ACS) is a type of system used in industries to monitor, regulate, control processes and tasks. ACS analyzes data from sensors to make decisions about when an action should be performed based on the process or task such as regulating temperature in a chemical processing unit. These systems are mainly utilized for complex industrial applications with many safety-critical components that require the integration of various types of information from different sources.

Manufacturing Execution System (MES):

MES is a software system that integrates with ERP (enterprise resource planning) to provide real-time information for manufacturing management. MES relies on the data from the enterprise’s the production and business processes, which are typically captured by an organization’s manufacturing execution systems (MES), such as PLC (Programmable Logic Controller).

The availability of this historical performance data enables proactive decision-making to improve productivity. This also allows companies in the industry sector including but not limited to food & beverage manufacturers, chemical producers, pharmaceutical makers, etc., to optimize their supply chains through the improved flow of goods from suppliers and finished products out into the marketplace.

Safety Instrumented Systems (SIS):

Safety Instrumented Systems (SIS) are safety devices that monitor and control equipment conditions to prevent hazardous situations from happening. They can be used for protection against fire, explosion, or overpressure. In the event of a dangerous situation that exceeds safe limits, SIS will respond by activating emergency shutdowns within milliseconds to protect personnel and assets nearby.

On the basis of Application, the market is segmented into Oil & Gas, Food & Beverages, Chemicals, Pharmaceuticals, Water& Wastewater (WWW), Metals& Mining, Energy& Power, and Pulp & Paper.

Oil & Gas:

The Oil & Gas market is the largest application segment by value in the global oil and gas process automation industry. It is a major driver of this market with huge investments having been made into projects that are set to be completed over the next five years. Digitalization will have a transformative impact on how upstream production activities are managed in both conventional and unconventional fields which will see most firms developing standalone digital strategies to remain competitive.

Food & Beverages:

Food production is one of the most automated industries in existence, from agricultural products like dairy or meat processing to packaging foods for retail sale. The food industry has cited safety as their primary concern when it comes to adopting new technologies, such as IoT devices monitoring internal conditions with environmental controls that can adjust accordingly depending on what part of the world the product will be shipped to. However, there is still some apprehension among buyers about how much these types of solutions cost which may be a barrier for adoption at this time.

Chemicals:

The need for increased productivity has been driving demand from chemical manufacturing firms who want to automate processes so they can increase output without increasing costs or overtime hours worked. This could also result in reduced staff numbers if automated solutions prove successful and influential buyers adopt more stringent sustainability standards which would require producers to reduce production times by up to 50% while improving quality and efficiency levels at the same time.

Pharmaceuticals:

Pharmaceutical manufacturers are also placing a high priority on automation because they need to increase productivity without increasing costs.

Water& Wastewater (WWW):

WWW companies are investing in automation to reduce the cost of operations and increase operational efficiency.

Metals& Mining (MM):

MM firms have been developing new technologies that can monitor, control and improve their mining operations. Automation is also being used for other tasks such as inspection of equipment or process optimization.

Pulp & Paper:

The paper industry has evolved from a largely manual labor-intensive sector into one which employs technology-based solutions more extensively than any other manufacturing segment over the last 20 years. The long term trend indicates an increasing level of sophistication with respect to these technologies – especially where robots are concerned - reflecting three key trends operating across broad sectors within the pulp and paper value chain throughout recent decades; progressive substitution of capital for labor, the increase in global consumption of paper products, and a greater degree of vertical integration.

On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American market accounted for the largest share in 2018 and is expected to maintain its dominance over the forecast period.

Up Market Research published a new report titled “Oil and Gas Process Automation And Instrumentation Market research report which is segmented by Types (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)), By Applications (Oil& Gas, Food& Beverages, Chemicals, Pharmaceuticals, Water& Wastewater, Metals& Mining, Energy& Power, Pulp & Paper), By Players/Companies ABB, Siemens, Schneider Electric, Rockwell Automation, General Electric Corporation”.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Oil and Gas Process Automation and Instrumentation Market Report Segments:

The market is segmented by Type 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) and By Application Oil& Gas, Food& Beverages, Chemicals, Pharmaceuticals, Water& Wastewater, Metals& Mining, Energy& Power, Pulp & Paper.

Some of the companies that are profiled in this report are:

1. ABB
2. Siemens
3. Schneider Electric
4. Rockwell Automation
5. General Electric Corporation

Oil and Gas Process Automation and Instrumentation Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Oil and Gas Process Automation and Instrumentation Market

Overview of the regional outlook of the Oil and Gas Process Automation and Instrumentation Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Oil and Gas Process Automation and Instrumentation Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Oil and Gas Process Automation and Instrumentation Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.
6. By Type:

                1. DCS (Distributed Control System)

                2. PLC (Programmable Logic Controller)

                3. SCADA (Supervisory Control And Data Acquisition)

                4. ACS (Automation And Control System)

                5. MES (Manufacturing Execution System)

                6. SIS (Safety Instrumented Systems)

                1. Oil& Gas

                2. Food& Beverages

                3. Chemicals

                4. Pharmaceuticals

                5. Water& Wastewater

                6. Metals& Mining

                7. Energy& Power

                8. Pulp & Paper

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Oil and Gas Process Automation and Instrumentation Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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• Correctly Positioning New Products
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Reasons to Purchase the Oil and Gas Process Automation and Instrumentation Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.