The Oil And Gas Automation Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Oil And Gas Automation Market?
The global oil and gas automation market has seen a robust growth pattern in the past. It is set to increase from $22.24 billion in 2024 to $23.9 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.5%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Oil And Gas Automation Industry?
The Oil and Gas Automation Global Market is predicted to reach a total size of $30.15 billion by the year 2029. This represents a compound annual growth rate (CAGR) of 6.0%.
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What are the Key Growth Drivers Fueling the Oil And Gas Automation Market?
The key drivers in the oil and gas automation market are:
• Increasing focus on operational efficiency in the industry.
• Growing complexity of oil and gas operations.
• Rising adoption of digitalization in oil and gas sector.
• Shift towards remote and autonomous operations for environmental sustainability.
Global Market Segmentation: Identifying Major Oil And Gas Automation Industry Segments
The oil and gas automation market covered in this report is segmented –
1) By Component: Software, Service
2) By Technology, Distributed Control System (DCS), Enterprise Resource Planning (ERP), Supervisory Control And Data Acquisition (SCADA), Machine Execution System (MES), Product Lifecycle Management (PLM), Programmable Logic Controller (PLC)
3) By Process: Midstream, Upstream, Downstream
4) By Application, Chemical And Petrochemical, Paper And Pulp, Water And Waste Water Treatment, Energy And Utilities, Oil And Gas Pharmaceutical: Other Applications
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What are the Emerging Trends Shaping the Future of the Oil And Gas Automation Market?
The key trends in the oil and gas automation market are:
• There is an expanding trend of advanced analytics adoption in the industry.
• The integration of industrial IoT is also increasingly shaping the market.
• The move towards autonomous operations is a significant emerging trend.
• A shift towards cloud-based solutions and heightened focus on cybersecurity are also trending in the oil and gas automation market.
Who Are the Top Competitors & Leading Players in the Oil And Gas Automation Market?
Major companies in the oil and gas automation market are:
• BP Plc
• Robert Bosch GmbH
• Siemens AG
• General Electric Company
• Mitsubishi Electric Corporation
• Honeywell International Inc.
• ABB Ltd.
• Schlumberger Limited
• Johnson Controls International plc
• Baker Hughes Inc.
• Eaton Corp PLC
• Texas Instruments Inc.
• Cognizant Technology Solutions Corp.
• Alstom SA
• Tyco International Ltd.
• Jacobs Engineering Group
• Parker Hannifin Corporation
• Emerson Electric Co.
• Rockwell Automation Inc.
• Dassault Systèmes SE
• SNC-Lavalin Group Inc.
• Weatherford International Ltd.
• Black & Veatch Holding Company
• TETRA Technologies Inc.
• Yokogawa Electric Corporation
• Kongsberg Gruppen ASA
• Petrofac Limited
Regional Dominance: Which Area Leads the Global Oil And Gas Automation Market?
North America was the largest region in the oil and gas automation market in 2024
