Global Instrumentation and Controls Training Market for Oil and Gas Industry 2017-2021

Global instrumentation and controls training market forecast for the oil and gas industry

Research analysis on the global instrumentation and controls training market for the oil and gas industry identifies that the introduction of online instrumentation and controls training courses will be one of the major factors that will have a positive impact on the growth of the market. Technavio’s market research analysts predict that this market will grow at a CAGR of more than 11% by 2021. The introduction of numerous online courses with a live demonstration on the usage instructions of instrumentation and control systems is also a vital driver for the growth of the market. Individual learners, especially people looking for better jobs or for a role change in the present organization spend more time in learning critical aspects of oil and gas instrumentation solutions, as that cannot be learned during office hours. This creates an additional demand for online courses that can be taken up anytime and anywhere. The rising need for individual learning has led to a rapid growth of online courses for oil and gas instrumentation and controls, which will eventually drive the growth of the market.

In terms of geographic regions, EMEA will be the major revenue contributor to the instrumentation and controls training market for the oil and gas industry throughout the forecast period. The constant expansion of the oil and gas industries and the increased production of oil will be the major factors driving the growth of the instrumentation and controls training market value in this region.

Competitive landscape and key vendors  

The instrumentation and controls training market for the oil and gas industry consists of many small and medium players. The high adoption of Internet services and technological advancements has led to the emergence of numerous companies that offer courses in numerous segments and concepts using real-time scenarios on working on oil rigs.

The leading vendors in the market are -

• ABLE Instruments & Controls
• Forbes Marshall
• Mobility Oil and Gas
• PetroSkills

The other prominent vendors in the market are Enform, TPC Training Systems, PetroKnowledge, NAIT, Abhisam Software, GLOMACS, NExT, Maersk Training, IDC Technologies, and ISA.

Segmentation by learning method and analysis of the instrumentation and controls training market for the oil and gas industry

• Boot camps
• Workshops

During 2016, the boot camps segment accounted for the major shares of the instrumentation and controls training market for the oil and gas industry. Factors such as the availability of fieldwork and the ability to learn critical aspects through intensive hands-on training programs will contribute to the growth of this industry segment in the coming years.

Segmentation by end-user and analysis of the instrumentation and controls training market for the oil and gas industry

• Institutional learners
• Individual learners

According to this market research report, the institutional learners will be the major end-users to the instrumentation and controls training market for the oil and gas industry until 2021. The rise in the number of organizations collaborating with course providers to provide in-house training in institutions will drive the growth of the instrument technician training market in this segment. 

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global instrumentation and controls training market for the oil and gas industry?
• What are the key market trends impacting the growth of the global instrumentation and controls training market for the oil and gas industry?
• What are the challenges to market growth?
• Who are the key vendors in the global instrumentation and controls training market for the oil and gas industry?
• What are the market opportunities and threats faced by the vendors in the global instrumentation and controls training market for the oil and gas industry?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global instrumentation and controls training market for the oil and gas industry?

Technavio also offers customization on reports based on specific client requirement.