Global Oil and Gas Automation Market to Reach $31.5 Billion by 2030
The global market for Oil and Gas Automation estimated at US$21.1 Billion in the year 2022, is projected to reach a revised size of US$31.5 Billion by 2030, growing at a CAGR of 5.1% over the analysis period 2022-2030. Upstream, one of the segments analyzed in the report, is projected to record 5.4% CAGR and reach US$23.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Midstream segment is readjusted to a revised 4.2% CAGR for the next 8-year period.The U.S. Market is Estimated at $6.3 Billion, While China is Forecast to Grow at 4.7% CAGR
The Oil and Gas Automation market in the U.S. is estimated at US$6.3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$5.5 Billion by the year 2030 trailing a CAGR of 4.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5% and 4.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.Select Competitors (Total 47 Featured) -
- ABB Group
- Dassault Systemes
- Eaton Corporation PLC
- Emerson Electric Company
- Honeywell International, Inc.
- Johnson Controls, Inc.
- Mitsubishi Corporation
- Robert Bosch GmbH
- Rockwell Automation, Inc.
- Schneider Electric SA
- Siemens Corporation
- Texas Instruments, Inc.
- Yokogawa Electric Corporation
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Group
- Dassault Systemes
- Eaton Corporation PLC
- Emerson Electric Company
- Honeywell International, Inc.
- Johnson Controls, Inc.
- Mitsubishi Corporation
- Robert Bosch GmbH
- Rockwell Automation, Inc.
- Schneider Electric SA
- Siemens Corporation
- Texas Instruments, Inc.
- Yokogawa Electric Corporation
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 247 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 21.1 Billion |
Forecasted Market Value ( USD | $ 31.5 Billion |
Compound Annual Growth Rate | 5.1% |
Regions Covered | Global |