North America Oil & Gas Automation Solutions Market 2022-2032 by Offering (Hardware, Software, Services), Solution (SCADA, PLC, DCS, MES, SIS, Others), Operation (Upstream, Midstream, Downstream), and Country: Trend Forecast and Growth Opportunity
North America oil & gas automation solutions market is projected to grow by 5.4% annually in the forecast period and reach $8.67 billion by 2032, driven by the rising adoption of automation solutions in oil & gas, the growing importance of big data analytics and IoT, the shift from on-premises to cloud-based systems, and the favorable government initiative and regulations.
Highlighted with 25 tables and 48 figures, this 103-page report “North America Oil & Gas Automation Solutions Market 2022-2032 by Offering (Hardware, Software, Services), Solution (SCADA, PLC, DCS, MES, SIS, Others), Operation (Upstream, Midstream, Downstream), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America oil & gas automation solutions market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify North America oil & gas automation solutions market in every aspect of the classification from perspectives of Offering, Solution, Operation, and Country.
Based on Offering, the North America market is segmented into the following sub-markets with annual revenue ($ 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 North America 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 North America 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 national/local markets are fully investigated:
• U.S.
• Canada
• Mexico
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2032. The breakdown of national markets 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 6
1.1 Industry Definition and Research Scope 6
1.1.1 Industry Definition 6
1.1.2 Research Scope 7
1.2 Research Methodology 10
1.2.1 Overview of Market Research Methodology 10
1.2.2 Market Assumption 11
1.2.3 Secondary Data 11
1.2.4 Primary Data 11
1.2.5 Data Filtration and Model Design 12
1.2.6 Market Size/Share Estimation 13
1.2.7 Research Limitations 14
1.3 Executive Summary 15
2 Market Overview and Dynamics 17
2.1 Market Size and Forecast 17
2.1.1 Impact of COVID-19 on World Economy 18
2.1.2 Impact of COVID-19 on the Market 21
2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 23
2.2 Major Growth Drivers 27
2.3 Market Restraints and Challenges 33
2.4 Emerging Opportunities and Market Trends 36
2.5 Porter’s Fiver Forces Analysis 40
3 Segmentation of North America Market by Offering 44
3.1 Market Overview by Offering 44
3.2 Hardware 46
3.2.1 Industrial Robots 48
3.2.2 Control Valves 49
3.2.3 Field Instruments 50
3.2.4 Human-Machine Interfaces 51
3.2.5 Flow Computers 52
3.2.6 Process Analyzers 53
3.2.7 Intelligent Pigging 54
3.2.8 Other Hardware 55
3.3 Software 56
3.4 Services 57
3.4.1 Professional Services 58
3.4.2 Managed Services 59
4 Segmentation of North America Market by Solution 60
4.1 Market Overview by Solution 60
4.2 Supervisory Control and Data Acquisition (SCADA) 62
4.3 Programmable Logic Controller (PLC) 63
4.4 Distributed Control Systems (DCS) 64
4.5 Manufacturing Execution System (MES) 65
4.6 Safety Instrumented System (SIS) 66
4.7 Other Solutions 68
5 Segmentation of North America Market by Operation 69
5.1 Market Overview by Operation 69
5.2 Upstream 72
5.3 Midstream 73
5.4 Downstream 74
6 North America Market 2022-2032 by Country 75
6.1 Overview of North America Market 75
6.2 U.S. 78
6.3 Canada 81
6.4 Mexico 83
7 Competitive Landscape 85
7.1 Overview of Key Vendors 85
7.2 New Product Launch, Partnership, Investment, and M&A 89
7.3 Company Profiles 90
ABB Ltd. 90
Emerson Electric Co. 92
Endress+Hauser AG 93
Fanuc Corp. 94
General Electric Co. 95
Hitachi, Ltd. 96
Honeywell International Inc. 97
Mitsubishi Electric Corp. 98
Rockwell Automation Inc. 99
Schneider Electric SE 100
Siemens AG 101
Yokogawa Electric Corporation 102
RELATED REPORTS 103
List of Tables:
Table 1. Snapshot of North America Oil & Gas Automation Solutions Market in Balanced Perspective, 2022-2032 16
Table 2. World Economic Outlook, 2021-2031 19
Table 3. World Economic Outlook, 2021-2023 20
Table 4. Scenarios for Economic Impact of Ukraine Crisis 24
Table 5. Main Product Trends and Market Opportunities in North America Oil & Gas Automation Solutions Market 36
Table 6. North America Oil & Gas Automation Solutions Market by Offering, 2022-2032, $ mn 44
Table 7. North America Oil & Gas Automation Solutions Market: Hardware by Component, 2022-2032, $ mn 47
Table 8. North America Oil & Gas Automation Solutions Market: Services by Type, 2022-2032, $ mn 57
Table 9. North America Oil & Gas Automation Solutions Market by Solution, 2022-2032, $ mn 60
Table 10. North America Oil & Gas Automation Solutions Market: Safety Instrumented System (SIS) by Application, 2022-2032, $ mn 67
Table 11. North America Oil & Gas Automation Solutions Market by Operation, 2022-2032, $ mn 70
Table 12. North America Oil & Gas Automation Solutions Market by Country, 2022-2032, $ mn 76
Table 13. U.S. Oil & Gas Automation Solutions Market by Offering, 2022-2032, $ mn 80
Table 14. U.S. Oil & Gas Automation Solutions Market by Solution, 2022-2032, $ mn 80
Table 15. U.S. Oil & Gas Automation Solutions Market by Operation, 2022-2032, $ mn 80
Table 16. Canada Oil & Gas Automation Solutions Market by Offering, 2022-2032, $ mn 82
Table 17. Canada Oil & Gas Automation Solutions Market by Solution, 2022-2032, $ mn 82
Table 18. Canada Oil & Gas Automation Solutions Market by Operation, 2022-2032, $ mn 82
Table 19. Mexico Oil & Gas Automation Solutions Market by Offering, 2022-2032, $ mn 84
Table 20. Mexico Oil & Gas Automation Solutions Market by Solution, 2022-2032, $ mn 84
Table 21. Mexico Oil & Gas Automation Solutions Market by Operation, 2022-2032, $ mn 84
Table 22. Main Vendors and Product Offerings 87
Table 23. ABB Ltd.: Company Snapshot 90
Table 24. ABB Ltd.: Business Segmentation 91
Table 25. ABB Ltd.: Product Portfolio 91
List of Figures:
Figure 1. Research Method Flow Chart 10
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 13
Figure 3. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 15
Figure 4. North America Oil & Gas Automation Solutions Market, 2022-2032, $ mn 17
Figure 5. Impact of COVID-19 on Business 21
Figure 6. Primary Drivers and Impact Factors of North America Oil & Gas Automation Solutions Market 27
Figure 7. World Population, GDP and Energy Demand, 1990-2030 30
Figure 8. World Industry 4.0 Market, 2019-2030, $ bn 30
Figure 9. World Oil & Gas Offshore and Deepwater Production, 1970-2020 31
Figure 10. World Crude Oil Production, 2000-2021, million tons 32
Figure 11. Primary Restraints and Impact Factors of North America Oil & Gas Automation Solutions Market 33
Figure 12. Investment Opportunity Analysis 37
Figure 13. Porter’s Fiver Forces Analysis of North America Oil & Gas Automation Solutions Market 40
Figure 14. Breakdown of North America Oil & Gas Automation Solutions Market by Offering, 2022-2032, % of Revenue 45
Figure 15. North America Addressable Market Cap in 2023-2032 by Offering, Value ($ mn) and Share (%) 45
Figure 16. North America Oil & Gas Automation Solutions Market by Offering: Hardware, 2022-2032, $ mn 46
Figure 17. North America Oil & Gas Automation Solutions Market by Hardware: Industrial Robots, 2022-2032, $ mn 48
Figure 18. North America Oil & Gas Automation Solutions Market by Hardware: Control Valves, 2022-2032, $ mn 49
Figure 19. North America Oil & Gas Automation Solutions Market by Hardware: Field Instruments, 2022-2032, $ mn 50
Figure 20. North America Oil & Gas Automation Solutions Market by Hardware: Human-Machine Interfaces, 2022-2032, $ mn 51
Figure 21. North America Oil & Gas Automation Solutions Market by Hardware: Flow Computers, 2022-2032, $ mn 52
Figure 22. North America Oil & Gas Automation Solutions Market by Hardware: Process Analyzers, 2022-2032, $ mn 53
Figure 23. North America Oil & Gas Automation Solutions Market by Hardware: Intelligent Pigging, 2022-2032, $ mn 54
Figure 24. North America Oil & Gas Automation Solutions Market by Hardware: Other Hardware, 2022-2032, $ mn 55
Figure 25. North America Oil & Gas Automation Solutions Market by Offering: Software, 2022-2032, $ mn 56
Figure 26. North America Oil & Gas Automation Solutions Market by Offering: Services, 2022-2032, $ mn 57
Figure 27. North America Oil & Gas Automation Solutions Market by Services: Professional Services, 2022-2032, $ mn 58
Figure 28. North America Oil & Gas Automation Solutions Market by Services: Managed Services, 2022-2032, $ mn 59
Figure 29. Breakdown of North America Oil & Gas Automation Solutions Market by Solution, 2022-2032, % of Sales Revenue 61
Figure 30. North America Addressable Market Cap in 2023-2032 by Solution, Value ($ mn) and Share (%) 61
Figure 31. North America Oil & Gas Automation Solutions Market by Solution: Supervisory Control and Data Acquisition (SCADA), 2022-2032, $ mn 62
Figure 32. North America Oil & Gas Automation Solutions Market by Solution: Programmable Logic Controller (PLC), 2022-2032, $ mn 63
Figure 33. North America Oil & Gas Automation Solutions Market by Solution: Distributed Control Systems (DCS), 2022-2032, $ mn 64
Figure 34. North America Oil & Gas Automation Solutions Market by Solution: Manufacturing Execution System (MES), 2022-2032, $ mn 65
Figure 35. North America Oil & Gas Automation Solutions Market by Solution: Safety Instrumented System (SIS), 2022-2032, $ mn 66
Figure 36. North America Oil & Gas Automation Solutions Market by Solution: Other Solutions, 2022-2032, $ mn 68
Figure 37. Upstream, Midstream and Downstream of Oil & Gas Industry 69
Figure 38. Breakdown of North America Oil & Gas Automation Solutions Market by Operation, 2022-2032, % of Sales Revenue 70
Figure 39. North America Addressable Market Cap in 2023-2032 by Operation, Value ($ mn) and Share (%) 71
Figure 40. North America Oil & Gas Automation Solutions Market by Operation: Upstream, 2022-2032, $ mn 72
Figure 41. North America Oil & Gas Automation Solutions Market by Operation: Midstream, 2022-2032, $ mn 73
Figure 42. North America Oil & Gas Automation Solutions Market by Operation: Downstream, 2022-2032, $ mn 74
Figure 43. Breakdown of North America Oil & Gas Automation Solutions Market by Country, 2022 and 2032, % of Revenue 76
Figure 44. Contribution to North America 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 77
Figure 45. U.S. Oil & Gas Automation Solutions Market, 2022-2032, $ mn 79
Figure 46. Canada Oil & Gas Automation Solutions Market, 2022-2032, $ mn 81
Figure 47. Oil & Gas Automation Solutions Market in Mexico, 2022-2032, $ mn 83
Figure 48. Growth Stage of North America Oil & Gas Automation Solutions Industry over the Forecast Period 85
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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