What is the current Oil & Gas Automation Market size?

The Oil & Gas Automation Market is projected to register a CAGR of 5.90% during the forecast period (2024-2029) Read More

Who are the key players in Oil & Gas Automation Market?

ABB Ltd, Honeywell International Inc, Rockwell Automation Inc, Mitsubishi Corporation and Schneider Electric SE are the major companies operating in the Oil & Gas Automation Market. Read More

Which is the fastest growing region in Oil & Gas Automation Market?

Middle East and Africa is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Oil & Gas Automation Market?

In 2024, the North America accounts for the largest market share in Oil & Gas Automation Market. Read More

What years does this Oil & Gas Automation Market cover?

The report covers the Oil & Gas Automation Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Oil & Gas Automation Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Oil & Gas Automation Systems Market - Size, Share & Industry Analysis

Oil & Gas Automation Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Global Automation System in Oil and Gas Industries is segmented by Process (Upstream, Midstream, Downstream), by Technology (Sensors & Transmitters, Distributed Control Systems (DCS), Programmable Logic Controllers (PLC), Supervisory Control and Data Acquisition System (SCADA), Safety Instrumented Systems (SIS), Variable Frequency Drive (VFD), Manufacturing Execution System, Industrial Asset Management) and by Geography (North America, Europe, and Asia-Pacific). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Oil & Gas Automation Industry Overview

The Oil & Gas automation market is fragmented and competitive in nature. Some of the players are ABB Ltd, Honeywell International Inc, Rockwell Automation Inc, Mitsubishi Corporation, and Schneider Electric, among others. These players are continuously introducing innovative solutions in order to compete in the fragmented market.

In September 2022, ANYbotics announced commercial sales for ANYmal X to supply the oil, gas, and chemical industries with scalable autonomous assessment solutions. The impact of installing ANYmal X is causing businesses to increase robotic inspection automation.

In August 2022, TWMA introduced a real-time automation and tracking solution. The new XLink tool from TWMA is intended to give oil and gas producers more automation, more in-depth understanding, and real-time data monitoring to increase the effectiveness of their wellsite drill cuttings management system.

In July 2022, Sensia, a Rockwell Automation and Schlumberger combined venture, is the premier automation expert in oil and gas production, transportation, and processing. The cloud-native system provides a scalable, bundled platform for implementing digital initiatives for oil and gas enterprises. Choosing and combining solutions from many suppliers can reduce time, money, and effort instead of establishing a customized digital platform.