Oil And Gas

How Fast Is the Oil And Gas Automation Market Growing? Forecast Through 2029

October 22, 2025 by The Business Research Company

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What Valuation Will The Oil And Gas Automation Market Reach By 2029 Compared To 2024?

The size of the oil and gas automation market has seen considerable expansion in the past couple of years. It is expected to surge from a market value of $22.24 billion in 2024 to a substantial $23.75 billion in 2025, indicating a compound annual growth rate (CAGR) of 6.8%. The historic rise in this market can mainly be traced back to the burgeoning demand for energy, urgency for cost cutting, considerations around safety, and challenges in exploration and production.

The market size of the oil and gas automation is projected to witness robust expansion in the forthcoming years, escalating to a worth of $29.73 billion in 2029 with a CAGR of 5.8%. This projected growth within the given timeframe is ascribed to the rising emphasis on operational performance, escalating intricacy of operations, burgeoning implementation of digitalization, focus on maintaining ecological sustainability, and a shift towards off-site operations. Foreseen trends within this period comprise augmented utilization of sophisticated analytics, the growth of industrial iot (IoT) incorporation, the emergence of self-governing operations, a tilt towards cloud-centric solutions, and a stress on cybersecurity.

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Which Strategic Drivers Are Contributing To The Oil And Gas Automation Market Development?

The increased oil and gas exploration activities are anticipated to boost the oil and gas automation market’s growth. The term ‘oil and gas exploration activities’ relates to the methodical procedure of uncovering underground reserves of oil and natural gas resources. The automation process in the oil and gas sector provides effective, affordable, and secure solutions. By employing advanced analytics, automation is conforming to industry objectives for enhanced, sustainable exploration methods. For instance, in March 2024, the Energy Information Administration reported that there was a 9% growth in U.S. crude oil production in 2023 compared to 2022, hitting a new high of 12.9 million barrels per day. This rise bolstered crude oil exports, even though U.S. refineries kept optimizing for processing denser crude oils. Hence, the heightened oil and gas exploration activities are bolstering the oil and gas automation market’s growth.

How Are The Oil And Gas Automation Market Segments Expected To Evolve Over The Forecast Period?

The oil and gas automationmarket 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

Subsegments:

1) By Software: Supervisory Control And Data Acquisition (SCADA) Systems, Distributed Control Systems (DCS), Advanced Process Control (APC) Software, Asset Management Software, Safety And Security Software

2) By Service: Consulting Services, Integration Services, Maintenance And Support Services, Managed Services, Training And Education Services

What Long-Term Trends Are Expected To Influence The Oil And Gas Automation Market?

Leading companies in the oil and gas automation sector are creating innovative technological approaches, including actuator solutions, to reduce carbon footprint and enhance their service to consumers with progressive features. These actuator solutions work by utilizing advanced technology to lessen or even eradicate emission of greenhouse gases that result from industrial, transportation, and energy production processes. For example, Automation Technology Inc., a valve automation producer based in the US, in August 2023, introduced a zero-emission actuator solution. Without the need for a pipeline, the zero-emission electro-hydraulic bundle offers a thorough approach to curtail emissions. Pipeline actuators make use of pipeline gas to produce electricity, which is subsequently discharged into the atmosphere. The self-contained zero-emission electro-hydraulic system from ATI fuses the power supply and actuator in a compact package. The solution, comprising of the actuator, pump, motor, manifold, reservoir and all controls, negates the need for gas as an energy source.

Who Are The Top Performers Impacting The Oil And Gas Automation Market Dynamics?

Major companies operating 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

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Which Regions Present The Highest Growth Opportunities For The Oil And Gas Automation Market?

North America was the largest region in the oil and gas automation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the oil and gas automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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