Global Oil And Gas Automation Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024 Oil And Gas Automation Market report contains a forecast of the next 5 years, starting 2019 and ending 2024 with a host of metrics like supply-demand ratio, Oil And Gas Automation market frequency, dominant players of Oil And Gas Automation market, driving factors, restraints, and challenges. The report also contains market revenue, sales, Oil And Gas Automation production and manufacturing cost that could help you get a better view on the market. The Report Focuses on the key Global Oil And Gas Automation manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
The oil and gas automation market is expected to register a CAGR of over 6.47% during the forecast period, 2019 – 2024.
Top Companies in the Global Oil And Gas Automation Market: Mitsubishi Electric Corporation, Schneider Electric SE, Emerson Electric Co., Eaton Corporation, Dassault Systemes, Honeywell International Inc., ABB Ltd, Rockwell Automation Inc., Yokogawa Electric Corporation, Siemens Corporation, Robert Bosch GmbH, Texas Instruments Inc., Johnson Controls Inc. And others.
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From the past, it is observed that even though the oil prices are fluctuating, the demand for oil and gas remained stable. Price of oil per barrel has gone to a peak level of more than USD 140, and also, a trough low to USD 20, but the average energy consumption is steadily increasing, globally. As of 2017, it was estimated that the world consumed over 98 million barrels of oil every day, indicating a growth of almost 2% when compared to 2016. Such a rate of consumption was primarily spiked by the reduced crude oil prices and increasing demand from automobiles.
In addition to that, since the low prices of crude hit the market in early 2014, the major consumption groups in the Asian and European countries have predominantly benefited from these changes. In fact, according to the British Petroleums estimates, the regions witnessed a towering increase in the refinery capacities and throughputs. The refining capacity and throughput of the Asia-Pacific region spiked by 1.3% and 8.6%, respectively, between 2013 and 2016. It is estimated that the region was able to refine over 27,000 million barrels of oil every day, in 2016, owing to cheaper crude oil.
The low crude oil price situation occurred toward the end of 2014, due to the oversupply situation of crude oil, globally. The new-found shale resources in North America and high production in the Middle East forced down the prices in the global market.
Regional Analysis For Oil And Gas Automation Market:
For comprehensive understanding of market dynamics, the Global Oil And Gas Automation market is analyzed across key geographies namely: North America (Global Canada, Mexico), Europe (Germany, UK, France, Rest of Europe), Asia Pacific (China, Japan, Global Rest of Asia Pacific), Latin America (Brazil, Argentina, Rest of Latin America) And Rest of the World.
The report has 150 tables and figures browse the report description and TOC:
What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a Global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Oil And Gas Automation Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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