FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 11754
Companies: 47 – Players covered include 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 and Others.
Coverage: All major geographies and key segments
Segments: Process (Upstream, Midstream, Downstream); Technology (Supervisory Control and Data Acquisition (SCADA), Programmable Logic Controller (PLC), Distributed Control System (DCS), Machine Execution System (MES), Product Lifecycle Management (PLM), Enterprise Resource Planning (ERP), Human Machine Interface (HMI), Other Technologies)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Oil and Gas Automation Market to Reach $21.5 Billion by 2026
Amid the COVID-19 crisis, the global market for Oil and Gas Automation estimated at US$15.8 Billion in the year 2020, is projected to reach a revised size of US$21.5 Billion by 2026, growing at a CAGR of 5.1% over the analysis period. Upstream, one of the segments analyzed in the report, is projected to record a 5.4% CAGR and reach US$16.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Midstream segment is readjusted to a revised 4.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $5 Billion in 2021, While China is Forecast to Reach $3.8 Billion by 2026
The Oil and Gas Automation market in the U.S. is estimated at US$5 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.8 Billion by the year 2026 trailing a CAGR of 4.7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5% and 4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.

Downstream Segment to Reach US$2 Billion by the year 2026
In the global Downstream segment, USA, Canada, Japan, China and Europe will drive the 4.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.2 Billion in the year 2020 will reach a projected size of US$1.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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