Global Oil and Gas Automation Market Projected to Reach $31.5 Billion by 2030

Dublin, Nov. 22, 2024 - The global market for Oil and Gas Automation is expected to grow at a compound annual growth rate (CAGR) of 5.1% from 2023 to 2030, reaching a projected value of USD $31.5 Billion by 2030, according to a new report added to ResearchAndMarkets.com.

The report provides a comprehensive analysis of the oil and gas automation market, with an in-depth examination of trends, drivers, and forecasts. The global market is estimated at US$22.3 Billion in 2023, with significant growth expected from the Upstream Oil and Gas Automation segment, which is forecasted to reach USD $23.2 billion by 2030.

Regionally, the global market is analyzed for different segments, including North America, Europe, Asia-Pacific, and Africa, providing insights into market trends, drivers, and growth prospects for each region. Key competitors in the market are classified as strong, active, niche, or trivial players based on their market share and presence.

The report also includes independent analysis of annual sales and forecasts for each segment and company profiled industry leaders such as ABB Group, Dassault Systèmes, 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., and Yokogawa Electric Corporation.

Researchers at ResearchAndMarkets.com emphasize the importance of staying up-to-date on the latest market trends and drivers in the global oil and gas automation market. With this comprehensive report, businesses will gain valuable insights into the future directions and growth prospects of the market, enabling them to make informed strategic decisions.

Key Market Highlights:

• Global market estimated at USD $22.3 Billion in 2023
• Projected value of USD $31.5 Billion by 2030
• Compound annual growth rate (CAGR) expected to reach 5.1%
• Upstream Oil and Gas Automation segment forecasted to grow at a CAGR of 5.3% to reach USD $23.2 billion by 2030

For more information about this report, visit https://www.researchandmarkets.com/r/hq2hoc