The Business Research Company’s Industrial Automation Oil And Gas Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Industrial Automation Oil And Gas Global Market Report 2023 evaluates industrial automation oil and gas market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global industrial automation oil and gas market has been a pivotal focus of growth and innovation, characterized by a trajectory poised for significant expansion. In the year 2022, the market held a valuation of $15.59 billion, and the outlook for 2023 is even more promising, with an expected increase to $16.82 billion, underpinned by a robust compound annual growth rate (CAGR) of 7.9%. This growth trajectory exemplifies a sector marked by adaptability and technological progress, indicating its sustained relevance and significance in the industry.
However, this narrative of advancement cannot be fully grasped without acknowledging the external factors that have exerted their influence. The Russia-Ukraine conflict, a substantial geopolitical disruption, has cast a discernible shadow over the prospects of global economic recovery post-COVID-19. This war has rendered the path to recovery tumultuous, marked by economic sanctions levied on multiple nations, an upsurge in commodity prices, and intricate supply chain disruptions. These multifaceted repercussions have ignited inflationary pressures, which, in turn, have led to increased interest rates that have reverberated across markets worldwide.
Nonetheless, the industrial automation oil and gas market remains poised for further expansion, with a projected valuation of $22.18 billion anticipated by 2027, underpinned by a robust CAGR of 7.2%. This trajectory underscores the industry’s resilience and its unwavering commitment to innovation, even in the face of global adversity.
In summary, the global industrial automation oil and gas market serves as a prime example of the dynamic interplay between technological innovation and external geopolitical factors. The numerical projections affirm the sector’s capacity to evolve and thrive, even in the midst of global turbulence. As the journey unfolds, this market is poised to continue delivering innovative solutions that reshape industries and contribute significantly to technological advancements on a global scale.
1) By Component: Industrial Robots, Control Valves, Field Instruments, Human Machine Interference (HMI), Industrial PC, Process Analyzer, Intelligent Pigging, Vibration Monitoring
2) By Stream: Upstream, Midstream, Downstream
3) By Solutions: Supervisory Control And Data Acquisition (SCADA), Programmable Logic Controller (PLC), Distributed Control Systems (DCS), Manufacturing Execution System (MES), Functional Safety, Plant Asset Management (PAM)
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The table of contents in TBRC’s industrial automation oil and gas market report includes:
1. Executive Summary
2. Industrial Automation Oil And Gas Market Characteristics
3. Industrial Automation Oil And Gas Market Trends And Strategies
4. Industrial Automation Oil And Gas Market – Macro Economic Scenario
5. Industrial Automation Oil And Gas Market Segmentation
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32. Global Industrial Automation Oil And Gas Market Competitive Benchmarking
33. Global Industrial Automation Oil And Gas Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Industrial Automation Oil And Gas Market
35. Industrial Automation Oil And Gas Market Future Outlook and Potential Analysis
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