Industrial Automation Market for Oil & Gas worth 15.52 Billion USD by 2023

1
MarketsandMarkets Presents
Industrial Automation Market for Oil Gas by
Solution (Distributed Control System, Programable
Logic Controller, SCADA), Instruments (Field
Instruments, Control Valve, Leakage Detection
System, Flow Computer), and Geography - Global
Forecast to 2023 The industrial automation
market for oil gas is expected to reach USD
15.52 Billion by 2023, growing at a CAGR of 3.2
between 2017 and 2023. Factors that are driving
the growth of the market include value addition
to the industrial automation for oil gas by the
Internet of Things, and optimum and effective
exploration of aging reservoirs.
2
MarketsandMarkets Presents
The industrial automation market for oil gas
for manufacturing execution system expected to
grow at the highest rate between 2017 and
2023 The manufacturing execution system (MES) in
industrial automation is a core solution for
gathering real-time data, analyzing the data, and
storing them for current and future
decision-making process. MES helps maintain the
updated data pertaining to product life cycle,
product quality, order execution and dispatch,
resource scheduling, downtime management for
overall equipment effectiveness (OEE), and
production analysis. Download PDF Brochure _at_
https//www.marketsandmarkets.com/pdfdownloadNew.a
sp?id1289 These factors are expected to
continue to gain a large share in the industrial
automation market for oil gas.
3
MarketsandMarkets Presents
Market for leakage detection system is expected
to grow at the highest rate during the forecast
period The industrial automation market for oil
gas for leakage detection system is expected to
grow at the highest rate during the forecast
period. As pipelines transport a huge amount of
oil and condensate over long distances, they
require the most accurate technique for leakage
monitoring and detection The Middle East and
Africa expected to hold the largest share of the
industrial automation market for oil gas during
the forecast period The growing competition in
the global market is forcing companies in the
process industries in the Middle Eastern
countries to adopt innovative cost reduction
techniques and solutions along with increasing
productivity. This is expected to boost the
demand for industrial automation market for oil
gas in the Middle East and Africa. The various
exhibitions held in this region further boost the
market.
4
MarketsandMarkets Presents
The major players involved in the industrial
automation market for oil gas ABB
(Switzerland), Emerson Electric Co. (US), General
Electric Co. (US), Honeywell International Inc.
(US), Rockwell Automation Inc. (US) Schneider
Electric SE (France), EndressHauser AG
(Switzerland), Mitsubishi Electric Corporation
(Japan), Siemens AG (Germany), and Yokogawa
Electric Corporation (Japan).
5
MarketsandMarkets Presents
About MarketsandMarkets MarketsandMarkets
provides quantified B2B research on 30,000 high
growth niche opportunities/threats which will
impact 70 to 80 of worldwide companies
revenues. Currently servicing 7500 customers
worldwide including 80 of global Fortune 1000
companies as clients. Almost 75,000 top officers
across eight industries worldwide approach
MarketsandMarkets for their painpoints around
revenues decisions. MarketsandMarkets now
coming up with 1,500 MicroQuadrants (Positioning
top players across leaders, emerging companies,
innovators, strategic players) annually in high
growth emerging segments. MarketsandMarkets is
determined to benefit more than 10,000 companies
this year for their revenue planning and help
them take their innovations/disruptions early to
the market by providing them research ahead of
the curve.
6
MarketsandMarkets Presents
MarketsandMarketss flagship competitive
intelligence and market research platform,
"Knowledgestore" connects over 200,000 markets
and entire value chains for deeper understanding
of the unmet insights along with market sizing
and forecasts of niche markets. ContactMr.
Shelly SinghMarketsandMarkets INC. 630 Dundee
Road Suite 430 Northbrook, IL 60062 USA
1-888-600-6441