The Global Oil & Gas Automation & Control Systems Market size is estimated to be USD
25.29 billion in 2019 and is predicted to reach USD 68.63 billion by 2030 with a CAGR of
9.5% from 2020-2030.
Oil & Gas Automation & Control Systems consist of various components which monitors the
flow of oil and gas and control the valve, it mainly consist of sensors which automatically
opens and closes the valves for supply. These systems are advanced and offer various
advantages over the conventional systems also provide information regarding damages
which can also reduce the accidents.
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Top Companies: ABB Ltd., Mitsubishi Electric Corporation, Cameron International
Corporation, Emerson Electric Company, Honeywell International, Rockwell Automation,
Siemens AG, Yokogawa Electric Corp., Schneider Electric, Texas Instruments, General
Electric and others.
The global oil & gas automation & control systems market share is analyzed on the basis of
technology, application and geography. On the basis of technology, the market is segmented
into Distributed Control System (DCS), Programmable Logic Controller (PLC), Safety
Instrumented System (SIS), Supervisory Control and Data Acquisition (SCADA),
Manufacturing Execution System (MES), and Other. On the basis of application, the market
is divided into Upstream, Midstream, Downstream, Onshore, and Offshore. Geographic
breakdown and analysis of each of the aforesaid segments includes regions comprising
North America, Europe, Asia-Pacific, and RoW.
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North America denotes a higher adoption of the oil & gas automation & control systems and
is anticipated hold the highest market share during the forecast period. This is attributable
to the factors including presence of well-established infrastructure, increase in the