Industrial Automation Oil And Gas Market Insights: In-Depth Look at Growth Trends, Market Size, and Opportunities for 2025-2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Are the Primary Drivers Supporting the Market Growth of theIndustrial Automation Oil And Gas Market?
The exponential growth of the industrial automation oil and gas market is anticipated to be fuelled by the escalating deployment of the Internet of Things (IoT). Defined as a system where electronic and mechanical machinery interconnect via a networked computing system, IoT flaunts unique identities (UIDs) and the capability to transmit data without requiring human-human or human-computer intervention. The oil and gas sector can extract maximum benefits by applying IoT devices and sensors to different components and functions, paving the way for real-time supervision and data gathering. Factors such as equipment efficiency, environment conditions, and safety systems can be effortlessly tracked, paving the way for improved preventive upkeep and minimizing downtime. The Global Mobile Supplier Association (GSA), a non-profit entity of the UK that represents the mobile communication industry’s suppliers, published a report in March 2023 stating that global IoT connections touched 13.2 billion in 2022. Furthermore, this figure is predicted to see an 18% rise, reaching 34.7 billion by 2028. Thus, the increasing implementation of IoT continues to steer the industrial automation oil and gas market.
Get Your Free Sample Report Now – Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=12707&type=smp
#What is the Projected CAGR for the Industrial Automation Oil And Gas Market Size from 2025 to 2034?
In recent times, there has been a robust expansion in the size of the industrial automation oil and gas market. The market, which is set to surge from $17.74 billion in 2024 to $18.91 billion in 2025, will experience a compound annual growth rate (CAGR) of 6.6%. This notable growth in the historical period can be linked to the digitization of the oil and gas industry, an increasing concentration on operational efficiency, a surge in exploration and production activities, a growing need for safety and compliance, and the expansion of offshore drilling.
The market size of industrial automation in oil and gas is predicted to experience significant growth in the coming years. By 2029, it is expected to increase to $26.18 billion with a CAGR of 8.5%. This projected expansion in the forecast period is due to a rising demand for remote control and monitoring, acceptance of SCADA systems, growth in unconventional oil and gas resources, the application of Advanced Process Control (APC), and the proliferation of the Industrial Internet of Things (IIoT). Increased focus on industrial automation cybersecurity, the adoption of cloud-based automation solutions, and the amplified use of wireless sensor networks also contribute to this growth. Key trends for this period involve the enhancement of control systems and sensors, the incorporation of AI in automation, the emergence of robotics and autonomous systems, emphasis on energy efficiency and sustainability, partnerships between automation vendors and oil companies, the creation of digital twins for asset management, and the application of augmented reality in training and maintenance.
You can Directly Purchase the Report Here:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=12707
What Are the Latest Innovations Influencing theIndustrial Automation Oil And Gas Market?
Introducing novel products is a fundamental strategy for achieving visibility in the industrial automation oil and gas market. Major players in this sector are launching innovative software tools in the oil and gas field to maintain their market standing. For example, in June 2022, US-based firm GE Digital LLC, known for its data analysis and software development services, debuted its Accelerator tools. These top-notch software tools are designed to aid companies in asset-heavy energy industries in swiftly setting up their asset performance management (APM) and other services. The goal is to speed up the time to value, expand APM to a broader array of assets, and help organizations reap monetary benefits at their facilities and across their enterprises. The tools are relevant throughout the entire energy value chain, spanning from oil and gas to power production assets, including renewable energy as well as conventional gas power and nuclear production facilities. Companies can quickly establish enterprise-level asset reliability and performance programs using these sophisticated pre-built product configurations, integrating prioritized actionable information into their daily operations.
Who Are the Major Industry Players Accelerating Growth in theIndustrial Automation Oil And Gas Market?
Major companies operating in the industrial automation oil and gas market include Siemens AG, General Electric Company, Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Eaton Corp., Emerson Electric Co., Rockwell Automation Inc., FANUC CORPORATION, Fuji Electric Co. Ltd., Omron Corporation, AMETEK Inc., Phoenix Contact, Festo Group, Endress+Hauser Group, Yokogawa Electric Corporation, AZBIL North Americas Inc., KUKA AG, WAGO Corp., Krohne Group, Pepperl+Fuchs SE, Beckhoff Automation LLC, Yokohama Industries Americas, Hitachi Industrial Equipment Systems Co. Ltd., VEGA Grieshaber KG
Order Your Report Now For A Swift Delivery:
Which Primary Segments of the Industrial Automation Oil And Gas Market Are Driving Growth and Industry Transformations?
The industrial automation oil and gas market covered in this report is segmented –
1) By Component: Industrial Robots, Control Valves, Field Instruments, Human Machine Interference (HMI), Industrial PC, Process Analyzer, Intelligent Pigging, Vibration Monitoring
2) By Stream: Upstream, Midstream, Downstream
3) By Solutions: Supervisory Control And Data Acquisition (SCADA), Programmable Logic Controller (PLC), Distributed Control Systems (DCS), Manufacturing Execution System (MES), Functional Safety, Plant Asset Management (PAM)
Subsegments:
1) By Industrial Robots: Articulated Robots, SCARA Robots, Collaborative Robots (Cobots)
2) By Control Valves: Ball Valves, Gate Valves, Globe Valves, Butterfly Valves
3) By Field Instruments: Pressure Transmitters, Flow Meters, Temperature Sensors
4) By Human Machine Interface (HMI): Software HMI, Hardware HMI
5) By Industrial PC: Panel PCs, Rack-Mount PCs
6) By Process Analyzer: Gas Analyzers, Liquid Analyzers
7) By Intelligent Pigging: Magnetic Flux Leakage (MFL) Pigs, Ultrasonic Pigs
8) By Vibration Monitoring: Portable Vibration Analyzers, Online Vibration Monitoring Systems
Gain Exclusive Market Insights—Customize Your Research Report Today for Fast Delivery!
https://www.thebusinessresearchcompany.com/customise?id=12707&type=smp
Which Regions Are Key Players in the Growth of the #What Are the Primary Drivers Supporting the Market Growth of theIndustrial Automation Oil And Gas Market?# Market?
Asia-Pacific was the largest region in the industrial automation oil and gas market in 2024. The regions covered in the industrial automation oil and gas market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Browse Through More Reports Similar to the Gobal Industrial Automation Oil And Gas Maret 2025, By The Business Research Company:
Oil Downstream Products Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/oil-downstream-products-global-market-report
Industrial Automation Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/industrial-automation-global-market-report
Oil And Gas Supporting Activities Global Market Report 2024
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:
