Global Oil & Gas Automation Solutions Market 2022-2032 by Offering (Hardware, Software, Services), Solution (SCADA, PLC, DCS, MES, SIS, Others), Operation (Upstream, Midstream, Downstream), and Region: Trend Forecast and Growth Opportunity
Global oil & gas automation solutions market will reach $28.65 billion by 2032, growing by 6.1% annually over 2022-2032, driven by the rising adoption of automation solutions in oil & gas, the growing importance of big data analytics and IoT, the shift from on-premises to cloud-based systems, and the favorable government initiative and regulations.
Highlighted with 84 tables and 84 figures, this 166-page report “Global Oil & Gas Automation Solutions Market 2022-2032 by Offering (Hardware, Software, Services), Solution (SCADA, PLC, DCS, MES, SIS, Others), Operation (Upstream, Midstream, Downstream), and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global oil & gas automation solutions market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global oil & gas automation solutions market in every aspect of the classification from perspectives of Offering, Solution, Operation, and Region.
Based on Offering, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Hardware
o Industrial Robots
o Control Valves
o Field Instruments
o Human-Machine Interfaces
o Flow Computers
o Process Analyzers
o Intelligent Pigging
o Other Hardware
• Software
• Services
o Professional Services
o Managed Services
Based on Solution, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Supervisory Control and Data Acquisition (SCADA)
• Programmable Logic Controller (PLC)
• Distributed Control Systems (DCS)
• Manufacturing Execution System (MES)
• Safety Instrumented System (SIS)
o Fire & Gas Monitoring and Control (FGMC)
o High Integrity Pressure Protection Systems (HIPPS)
o Burner Management Systems (BMS)
o Emergency Shutdown Systems (ESD)
o Turbomachinery Control (TMC)
• Other Solutions
By Operation, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Upstream
• Midstream
• Downstream
Geographically, the following regions together with the listed national/local markets are fully investigated:
• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, Norway, Kazakhstan, Azerbaijan, Russia, Rest of Europe; Rest of Europe is further segmented into Switzerland, Poland, Sweden, Belgium, Austria, Ireland, France, Spain, Italy, Netherlands, Denmark, and Finland)
• APAC (Indonesia, China, Australia, India, Malaysia, and Rest of APAC; Rest of APAC is further segmented into Singapore, Japan, South Korea, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Argentina, Venezuela, Rest of South America)
• MEA (UAE, Saudi Arabia, Iran, and Rest of MEA)
For each region and country, detailed analysis and data of annual revenue ($ mn) are available for 2022-2032. The breakdown of all regional markets by country and the breakdown of each national market by Offering, Solution, and Operation over the forecast years are also included.
The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
ABB Ltd.
Emerson Electric Co.
Endress+Hauser AG
Fanuc Corp.
General Electric Co.
Hitachi, Ltd.
Honeywell International Inc.
Mitsubishi Electric Corp.
Rockwell Automation Inc.
Schneider Electric SE
Siemens AG
Yokogawa Electric Corporation
(Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
1 Introduction 9
1.1 Industry Definition and Research Scope 9
1.1.1 Industry Definition 9
1.1.2 Research Scope 10
1.2 Research Methodology 13
1.2.1 Overview of Market Research Methodology 13
1.2.2 Market Assumption 14
1.2.3 Secondary Data 14
1.2.4 Primary Data 14
1.2.5 Data Filtration and Model Design 15
1.2.6 Market Size/Share Estimation 16
1.2.7 Research Limitations 17
1.3 Executive Summary 18
2 Market Overview and Dynamics 20
2.1 Market Size and Forecast 20
2.1.1 Impact of COVID-19 on World Economy 21
2.1.2 Impact of COVID-19 on the Market 24
2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 26
2.2 Major Growth Drivers 30
2.3 Market Restraints and Challenges 36
2.4 Emerging Opportunities and Market Trends 39
2.5 Porter’s Fiver Forces Analysis 43
3 Segmentation of Global Market by Offering 47
3.1 Market Overview by Offering 47
3.2 Hardware 49
3.2.1 Industrial Robots 51
3.2.2 Control Valves 52
3.2.3 Field Instruments 53
3.2.4 Human-Machine Interfaces 54
3.2.5 Flow Computers 55
3.2.6 Process Analyzers 56
3.2.7 Intelligent Pigging 57
3.2.8 Other Hardware 58
3.3 Software 59
3.4 Services 60
3.4.1 Professional Services 61
3.4.2 Managed Services 62
4 Segmentation of Global Market by Solution 63
4.1 Market Overview by Solution 63
4.2 Supervisory Control and Data Acquisition (SCADA) 65
4.3 Programmable Logic Controller (PLC) 66
4.4 Distributed Control Systems (DCS) 67
4.5 Manufacturing Execution System (MES) 68
4.6 Safety Instrumented System (SIS) 69
4.7 Other Solutions 71
5 Segmentation of Global Market by Operation 72
5.1 Market Overview by Operation 72
5.2 Upstream 75
5.3 Midstream 76
5.4 Downstream 77
6 Segmentation of Global Market by Region 78
6.1 Geographic Market Overview 2022-2032 78
6.2 North America Market 2022-2032 by Country 82
6.2.1 Overview of North America Market 82
6.2.2 U.S. 86
6.2.3 Canada 89
6.2.4 Mexico 91
6.3 European Market 2022-2032 by Country 93
6.3.1 Overview of European Market 93
6.3.2 Germany 97
6.3.3 U.K. 99
6.3.4 Norway 101
6.3.5 Kazakhstan 103
6.3.6 Azerbaijan 105
6.3.7 Russia 107
6.3.8 Rest of European Market 109
6.4 Asia-Pacific Market 2022-2032 by Country 111
6.4.1 Overview of Asia-Pacific Market 111
6.4.2 Indonesia 115
6.4.3 China 118
6.4.4 Australia 120
6.4.5 India 122
6.4.6 Malaysia 124
6.4.7 Rest of APAC Region 126
6.5 South America Market 2022-2032 by Country 128
6.5.1 Argentina 131
6.5.2 Brazil 133
6.5.3 Venezuela 135
6.5.4 Rest of South America Market 137
6.6 MEA Market 2022-2032 by Country 138
6.6.1 UAE 141
6.6.2 Saudi Arabia 143
6.6.3 Iran 145
6.6.4 Other National Markets 147
7 Competitive Landscape 148
7.1 Overview of Key Vendors 148
7.2 New Product Launch, Partnership, Investment, and M&A 152
7.3 Company Profiles 153
ABB Ltd. 153
Emerson Electric Co. 155
Endress+Hauser AG 156
Fanuc Corp. 157
General Electric Co. 158
Hitachi, Ltd. 159
Honeywell International Inc. 160
Mitsubishi Electric Corp. 161
Rockwell Automation Inc. 162
Schneider Electric SE 163
Siemens AG 164
Yokogawa Electric Corporation 165
RELATED REPORTS 166
List of Tables:
Table 1. Snapshot of Global Oil & Gas Automation Solutions Market in Balanced Perspective, 2022-2032 19
Table 2. World Economic Outlook, 2021-2031 22
Table 3. World Economic Outlook, 2021-2023 23
Table 4. Scenarios for Economic Impact of Ukraine Crisis 27
Table 5. Main Product Trends and Market Opportunities in Global Oil & Gas Automation Solutions Market 39
Table 6. Global Oil & Gas Automation Solutions Market by Offering, 2022-2032, $ mn 47
Table 7. Global Oil & Gas Automation Solutions Market: Hardware by Component, 2022-2032, $ mn 50
Table 8. Global Oil & Gas Automation Solutions Market: Services by Type, 2022-2032, $ mn 60
Table 9. Global Oil & Gas Automation Solutions Market by Solution, 2022-2032, $ mn 63
Table 10. Global Oil & Gas Automation Solutions Market: Safety Instrumented System (SIS) by Application, 2022-2032, $ mn 70
Table 11. Global Oil & Gas Automation Solutions Market by Operation, 2022-2032, $ mn 73
Table 12. Global Oil & Gas Automation Solutions Market by Region, 2022-2032, $ mn 79
Table 13. Leading National Oil & Gas Automation Solutions Market, 2022 and 2032, $ mn 81
Table 14. North America Oil & Gas Automation Solutions Market by Country, 2022-2032, $ mn 84
Table 15. U.S. Oil & Gas Automation Solutions Market by Offering, 2022-2032, $ mn 88
Table 16. U.S. Oil & Gas Automation Solutions Market by Solution, 2022-2032, $ mn 88
Table 17. U.S. Oil & Gas Automation Solutions Market by Operation, 2022-2032, $ mn 88
Table 18. Canada Oil & Gas Automation Solutions Market by Offering, 2022-2032, $ mn 90
Table 19. Canada Oil & Gas Automation Solutions Market by Solution, 2022-2032, $ mn 90
Table 20. Canada Oil & Gas Automation Solutions Market by Operation, 2022-2032, $ mn 90
Table 21. Mexico Oil & Gas Automation Solutions Market by Offering, 2022-2032, $ mn 92
Table 22. Mexico Oil & Gas Automation Solutions Market by Solution, 2022-2032, $ mn 92
Table 23. Mexico Oil & Gas Automation Solutions Market by Operation, 2022-2032, $ mn 92
Table 24. Europe Oil & Gas Automation Solutions Market by Country, 2022-2032, $ mn 96
Table 25. Germany Oil & Gas Automation Solutions Market by Offering, 2022-2032, $ mn 98
Table 26. Germany Oil & Gas Automation Solutions Market by Solution, 2022-2032, $ mn 98
Table 27. Germany Oil & Gas Automation Solutions Market by Operation, 2022-2032, $ mn 98
Table 28. U.K. Oil & Gas Automation Solutions Market by Offering, 2022-2032, $ mn 100
Table 29. U.K. Oil & Gas Automation Solutions Market by Solution, 2022-2032, $ mn 100
Table 30. U.K. Oil & Gas Automation Solutions Market by Operation, 2022-2032, $ mn 100
Table 31. Norway Oil & Gas Automation Solutions Market by Offering, 2022-2032, $ mn 102
Table 32. Norway Oil & Gas Automation Solutions Market by Solution, 2022-2032, $ mn 102
Table 33. Norway Oil & Gas Automation Solutions Market by Operation, 2022-2032, $ mn 102
Table 34. Kazakhstan Oil & Gas Automation Solutions Market by Offering, 2022-2032, $ mn 104
Table 35. Kazakhstan Oil & Gas Automation Solutions Market by Solution, 2022-2032, $ mn 104
Table 36. Kazakhstan Oil & Gas Automation Solutions Market by Operation, 2022-2032, $ mn 104
Table 37. Azerbaijan Oil & Gas Automation Solutions Market by Offering, 2022-2032, $ mn 106
Table 38. Azerbaijan Oil & Gas Automation Solutions Market by Solution, 2022-2032, $ mn 106
Table 39. Azerbaijan Oil & Gas Automation Solutions Market by Operation, 2022-2032, $ mn 106
Table 40. Russia Oil & Gas Automation Solutions Market by Offering, 2022-2032, $ mn 108
Table 41. Russia Oil & Gas Automation Solutions Market by Solution, 2022-2032, $ mn 108
Table 42. Russia Oil & Gas Automation Solutions Market by Operation, 2022-2032, $ mn 108
Table 43. Oil & Gas Automation Solutions Market in Rest of Europe by Country, 2022-2032, $ mn 110
Table 44. APAC Oil & Gas Automation Solutions Market by Country, 2022-2032, $ mn 113
Table 45. Indonesia Oil & Gas Automation Solutions Market by Offering, 2022-2032, $ mn 117
Table 46. Indonesia Oil & Gas Automation Solutions Market by Solution, 2022-2032, $ mn 117
Table 47. Indonesia Oil & Gas Automation Solutions Market by Operation, 2022-2032, $ mn 117
Table 48. China Oil & Gas Automation Solutions Market by Offering, 2022-2032, $ mn 119
Table 49. China Oil & Gas Automation Solutions Market by Solution, 2022-2032, $ mn 119
Table 50. China Oil & Gas Automation Solutions Market by Operation, 2022-2032, $ mn 119
Table 51. Australia Oil & Gas Automation Solutions Market by Offering, 2022-2032, $ mn 121
Table 52. Australia Oil & Gas Automation Solutions Market by Solution, 2022-2032, $ mn 121
Table 53. Australia Oil & Gas Automation Solutions Market by Operation, 2022-2032, $ mn 121
Table 54. India Oil & Gas Automation Solutions Market by Offering, 2022-2032, $ mn 123
Table 55. India Oil & Gas Automation Solutions Market by Solution, 2022-2032, $ mn 123
Table 56. India Oil & Gas Automation Solutions Market by Operation, 2022-2032, $ mn 123
Table 57. Malaysia Oil & Gas Automation Solutions Market by Offering, 2022-2032, $ mn 125
Table 58. Malaysia Oil & Gas Automation Solutions Market by Solution, 2022-2032, $ mn 125
Table 59. Malaysia Oil & Gas Automation Solutions Market by Operation, 2022-2032, $ mn 125
Table 60. Oil & Gas Automation Solutions Market in Rest of APAC by Country/Region, 2022-2032, $ mn 127
Table 61. South America Oil & Gas Automation Solutions Market by Country, 2022-2032, $ mn 130
Table 62. Argentina Oil & Gas Automation Solutions Market by Offering, 2022-2032, $ mn 132
Table 63. Argentina Oil & Gas Automation Solutions Market by Solution, 2022-2032, $ mn 132
Table 64. Argentina Oil & Gas Automation Solutions Market by Operation, 2022-2032, $ mn 132
Table 65. Brazil Oil & Gas Automation Solutions Market by Offering, 2022-2032, $ mn 134
Table 66. Brazil Oil & Gas Automation Solutions Market by Solution, 2022-2032, $ mn 134
Table 67. Brazil Oil & Gas Automation Solutions Market by Operation, 2022-2032, $ mn 134
Table 68. Venezuela Oil & Gas Automation Solutions Market by Offering, 2022-2032, $ mn 136
Table 69. Venezuela Oil & Gas Automation Solutions Market by Solution, 2022-2032, $ mn 136
Table 70. Venezuela Oil & Gas Automation Solutions Market by Operation, 2022-2032, $ mn 136
Table 71. MEA Oil & Gas Automation Solutions Market by Country, 2022-2032, $ mn 140
Table 72. UAE Oil & Gas Automation Solutions Market by Offering, 2022-2032, $ mn 142
Table 73. UAE Oil & Gas Automation Solutions Market by Solution, 2022-2032, $ mn 142
Table 74. UAE Oil & Gas Automation Solutions Market by Operation, 2022-2032, $ mn 142
Table 75. Saudi Arabia Oil & Gas Automation Solutions Market by Offering, 2022-2032, $ mn 144
Table 76. Saudi Arabia Oil & Gas Automation Solutions Market by Solution, 2022-2032, $ mn 144
Table 77. Saudi Arabia Oil & Gas Automation Solutions Market by Operation, 2022-2032, $ mn 144
Table 78. Iran Oil & Gas Automation Solutions Market by Offering, 2022-2032, $ mn 146
Table 79. Iran Oil & Gas Automation Solutions Market by Solution, 2022-2032, $ mn 146
Table 80. Iran Oil & Gas Automation Solutions Market by Operation, 2022-2032, $ mn 146
Table 81. Main Vendors and Product Offerings 150
Table 82. ABB Ltd.: Company Snapshot 153
Table 83. ABB Ltd.: Business Segmentation 154
Table 84. ABB Ltd.: Product Portfolio 154List of Figures:
Figure 1. Research Method Flow Chart 13
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 16
Figure 3. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 18
Figure 4. Global Oil & Gas Automation Solutions Market, 2022-2032, $ mn 20
Figure 5. Impact of COVID-19 on Business 24
Figure 6. Primary Drivers and Impact Factors of Global Oil & Gas Automation Solutions Market 30
Figure 7. World Population, GDP and Energy Demand, 1990-2030 33
Figure 8. World Industry 4.0 Market, 2019-2030, $ bn 33
Figure 9. World Oil & Gas Offshore and Deepwater Production, 1970-2020 34
Figure 10. World Crude Oil Production, 2000-2021, million tons 35
Figure 11. Primary Restraints and Impact Factors of Global Oil & Gas Automation Solutions Market 36
Figure 12. Investment Opportunity Analysis 40
Figure 13. Porter’s Fiver Forces Analysis of Global Oil & Gas Automation Solutions Market 43
Figure 14. Breakdown of Global Oil & Gas Automation Solutions Market by Offering, 2022-2032, % of Revenue 48
Figure 15. Global Addressable Market Cap in 2023-2032 by Offering, Value ($ mn) and Share (%) 48
Figure 16. Global Oil & Gas Automation Solutions Market by Offering: Hardware, 2022-2032, $ mn 49
Figure 17. Global Oil & Gas Automation Solutions Market by Hardware: Industrial Robots, 2022-2032, $ mn 51
Figure 18. Global Oil & Gas Automation Solutions Market by Hardware: Control Valves, 2022-2032, $ mn 52
Figure 19. Global Oil & Gas Automation Solutions Market by Hardware: Field Instruments, 2022-2032, $ mn 53
Figure 20. Global Oil & Gas Automation Solutions Market by Hardware: Human-Machine Interfaces, 2022-2032, $ mn 54
Figure 21. Global Oil & Gas Automation Solutions Market by Hardware: Flow Computers, 2022-2032, $ mn 55
Figure 22. Global Oil & Gas Automation Solutions Market by Hardware: Process Analyzers, 2022-2032, $ mn 56
Figure 23. Global Oil & Gas Automation Solutions Market by Hardware: Intelligent Pigging, 2022-2032, $ mn 57
Figure 24. Global Oil & Gas Automation Solutions Market by Hardware: Other Hardware, 2022-2032, $ mn 58
Figure 25. Global Oil & Gas Automation Solutions Market by Offering: Software, 2022-2032, $ mn 59
Figure 26. Global Oil & Gas Automation Solutions Market by Offering: Services, 2022-2032, $ mn 60
Figure 27. Global Oil & Gas Automation Solutions Market by Services: Professional Services, 2022-2032, $ mn 61
Figure 28. Global Oil & Gas Automation Solutions Market by Services: Managed Services, 2022-2032, $ mn 62
Figure 29. Breakdown of Global Oil & Gas Automation Solutions Market by Solution, 2022-2032, % of Sales Revenue 64
Figure 30. Global Addressable Market Cap in 2023-2032 by Solution, Value ($ mn) and Share (%) 64
Figure 31. Global Oil & Gas Automation Solutions Market by Solution: Supervisory Control and Data Acquisition (SCADA), 2022-2032, $ mn 65
Figure 32. Global Oil & Gas Automation Solutions Market by Solution: Programmable Logic Controller (PLC), 2022-2032, $ mn 66
Figure 33. Global Oil & Gas Automation Solutions Market by Solution: Distributed Control Systems (DCS), 2022-2032, $ mn 67
Figure 34. Global Oil & Gas Automation Solutions Market by Solution: Manufacturing Execution System (MES), 2022-2032, $ mn 68
Figure 35. Global Oil & Gas Automation Solutions Market by Solution: Safety Instrumented System (SIS), 2022-2032, $ mn 69
Figure 36. Global Oil & Gas Automation Solutions Market by Solution: Other Solutions, 2022-2032, $ mn 71
Figure 37. Upstream, Midstream and Downstream of Oil & Gas Industry 72
Figure 38. Breakdown of Global Oil & Gas Automation Solutions Market by Operation, 2022-2032, % of Sales Revenue 73
Figure 39. Global Addressable Market Cap in 2023-2032 by Operation, Value ($ mn) and Share (%) 74
Figure 40. Global Oil & Gas Automation Solutions Market by Operation: Upstream, 2022-2032, $ mn 75
Figure 41. Global Oil & Gas Automation Solutions Market by Operation: Midstream, 2022-2032, $ mn 76
Figure 42. Global Oil & Gas Automation Solutions Market by Operation: Downstream, 2022-2032, $ mn 77
Figure 43. Global Market Snapshot by Region 78
Figure 44. Geographic Spread of Worldwide Oil & Gas Automation Solutions Market, 2022-2032, % of Sales Revenue 79
Figure 45. Global Addressable Market Cap in 2023-2032 by Region, Value ($ mn) and Share (%) 80
Figure 46. North American Oil & Gas Automation Solutions Market, 2022-2032, $ mn 83
Figure 47. Breakdown of North America Oil & Gas Automation Solutions Market by Country, 2022 and 2032, % of Revenue 84
Figure 48. Contribution to North America 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 85
Figure 49. U.S. Oil & Gas Automation Solutions Market, 2022-2032, $ mn 87
Figure 50. Canada Oil & Gas Automation Solutions Market, 2022-2032, $ mn 89
Figure 51. Oil & Gas Automation Solutions Market in Mexico, 2022-2032, $ mn 91
Figure 52. European Oil & Gas Automation Solutions Market, 2022-2032, $ mn 94
Figure 53. Breakdown of European Oil & Gas Automation Solutions Market by Country, 2022 and 2032, % of Revenue 95
Figure 54. Contribution to Europe 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 96
Figure 55. Oil & Gas Automation Solutions Market in Germany, 2022-2032, $ mn 97
Figure 56. Oil & Gas Automation Solutions Market in U.K., 2022-2032, $ mn 99
Figure 57. Oil & Gas Automation Solutions Market in Norway, 2022-2032, $ mn 101
Figure 58. Oil & Gas Automation Solutions Market in Kazakhstan, 2022-2032, $ mn 103
Figure 59. Oil & Gas Automation Solutions Market in Azerbaijan, 2022-2032, $ mn 105
Figure 60. Oil & Gas Automation Solutions Market in Russia, 2022-2032, $ mn 107
Figure 61. Oil & Gas Automation Solutions Market in Rest of Europe, 2022-2032, $ mn 109
Figure 62. Asia-Pacific Oil & Gas Automation Solutions Market, 2022-2032, $ mn 112
Figure 63. Breakdown of APAC Oil & Gas Automation Solutions Market by Country, 2022 and 2032, % of Revenue 112
Figure 64. Contribution to APAC 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 114
Figure 65. Oil & Gas Automation Solutions Market in Indonesia, 2022-2032, $ mn 116
Figure 66. Oil & Gas Automation Solutions Market in China, 2022-2032, $ mn 118
Figure 67. Oil & Gas Automation Solutions Market in Australia, 2022-2032, $ mn 120
Figure 68. Oil & Gas Automation Solutions Market in India, 2022-2032, $ mn 122
Figure 69. Oil & Gas Automation Solutions Market in Malaysia, 2022-2032, $ mn 124
Figure 70. Oil & Gas Automation Solutions Market in Rest of APAC, 2022-2032, $ mn 126
Figure 71. South America Oil & Gas Automation Solutions Market, 2022-2032, $ mn 129
Figure 72. Breakdown of South America Oil & Gas Automation Solutions Market by Country, 2022 and 2032, % of Revenue 129
Figure 73. Contribution to South America 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 130
Figure 74. Oil & Gas Automation Solutions Market in Argentina, 2022-2032, $ mn 131
Figure 75. Oil & Gas Automation Solutions Market in Brazil, 2022-2032, $ mn 133
Figure 76. Oil & Gas Automation Solutions Market in Venezuela, 2022-2032, $ mn 135
Figure 77. Oil & Gas Automation Solutions Market in Rest of South America, 2022-2032, $ mn 137
Figure 78. Oil & Gas Automation Solutions Market in Middle East and Africa (MEA), 2022-2032, $ mn 139
Figure 79. Breakdown of MEA Oil & Gas Automation Solutions Market by Country, 2022 and 2032, % of Revenue 139
Figure 80. Contribution to MEA 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 140
Figure 81. Oil & Gas Automation Solutions Market in UAE, 2022-2032, $ mn 141
Figure 82. Oil & Gas Automation Solutions Market in Saudi Arabia, 2022-2032, $ mn 143
Figure 83. Oil & Gas Automation Solutions Market in Iran, 2022-2032, $ mn 145
Figure 84. Growth Stage of Global Oil & Gas Automation Solutions Industry over the Forecast Period 148
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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