Oil and Gas Automation Market in Latin America by Product and Geography - Forecast and Analysis 2022-2026

Published: Feb 2022

Pages: 120

SKU: IRTNTR72253

Snapshot

The oil and gas automation market share in Latin America share is expected to increase by USD 179.76 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.66%.

This oil and gas automation market in Latin America research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers oil and gas automation market in Latin America segmentation by product (SCADA, DCS, PLC, and MES) and geography (Brazil, Mexico, Argentina, and Rest of Latin America). The oil and gas automation market in Latin America report also offers information on several market vendors, including ABB Ltd., Andritz AG, Emerson Electric Co., FURUKAWA Co. Ltd., General Electric Co., Honeywell International Inc., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Wipro Ltd. among others.

What will the Oil And Gas Automation Market Size in Latin America be During the Forecast Period?

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Oil and Gas Automation Market in Latin America: Key Drivers, Trends, and Challenges

The growth in shale oil production is notably driving the oil and gas automation market growth in Latin America, although factors such as growing cybersecurity concerns may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the oil and gas automation market industry in Latin America. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Oil and Gas Automation Market Driver in Latin America

The growth in shale oil production is one of the key drivers supporting the oil and gas automation market growth in Latin America. With better designs and advances in drilling automation technology, several vendors such as Schlumberger and RigMinder have started offering automated drilling solutions specifically designed for shale oil and gas extraction. Automated solutions enable customers to minimize the time spent to develop, install, integrate, and initiate the drilling and extraction of shale assets. The industry is still in its nascent stage, with the key producing countries being Brazil and Argentina. Thus, the rapid growth of the shale oil industry is expected to continue driving the growth of the oil and gas automation market in Latin America during the forecast period

Key Oil and Gas Automation Market Trend in Latin America

The growing importance of big data analytics and IoT is another factor supporting the oil and gas automation market growth in Latin America. The integration of automation solutions with big data analytics provides the ability to predict future risks and take the required steps for risk mitigation. It helps in proper decision-making as it provides accurate information and identifies the actual cause of a problem. Meanwhile, a wide range of electrical components and equipment such as motors and transformers are being introduced with IoT features. This allows electrical components and equipment to transmit critical operating parameters concerning the health and performance of the electric machine to transmit over the internet protocol to a control room or device. The data helps increase the efficiency of the machine, reduces its downtime, and improves useful life and safety. This will increase the adoption of IoT-enabled electric components and equipment, which are being used in the oil and gas industry during the forecast period.

Key Oil and Gas Automation Market Challenge in Latin America

The growing cybersecurity concerns is hindering the oil and gas automation market growth in Latin America. The data of oil and gas companies can be used by cybercriminals to achieve financial or intellectual gains. The data of a company, when shared with competitors, can bring about major changes in the market landscape. Industrial automation vendors have introduced many defensive anti-malware that ensure data safety. However, such security can also be bypassed by hackers. As automation technologies integrate multiple systems within a manufacturing plant, an attack on one system in a network can compromise other systems, causing the entire communication network to crash. Although vendors and end-users are focusing on improving security measures to prevent cyberattacks, the constantly evolving nature of cyberattacks has put automation solutions at high risk, thus challenging the growth of the oil and gas automation market in Latin America

This oil and gas automation market in Latin America analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the oil and gas automation market in Latin America as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the oil and gas automation market in Latin America during the forecast period.

Who are the Major Oil and Gas Automation Market Vendors in Latin America?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

This statistical study of the oil and gas automation market in Latin America encompasses successful business strategies deployed by the key vendors. The oil and gas automation market in Latin America is fragmented and the vendors are deploying growth strategies such as price, quality, brand identity, technology, and distribution channels to compete in the market.

Product Insights and News

ABB Ltd. - The company offers oil and gas automation solutions and process control for petrochemical industry

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The oil and gas automation market in Latin America forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Oil and Gas Automation Market in Latin America Value Chain Analysis

Our report provides extensive information on the value chain analysis for the oil and gas automation market in Latin America, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the industrial machinery market includes the following core components:

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Oil And Gas Automation Market in Latin America?

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33% of the market's growth will originate from Brazil during the forecast period. Brazil is the key market for the oil and gas automation market in Latin America. Market growth in this region will be slower than the growth of the market in other regions.

Several E&P projects in the pipeline for 2022 will facilitate the oil and gas automation market growth in Brazil over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

the increase in the number of COVID-19 cases in 2020 and in early 2021 negatively impacted the demand for oil and gas automation solutions in the country. As of January 26, 2021, the number of COVID-19 cases in Brazil crossed 24 million, with more than 620,000 deaths. However, with the lifting of lockdown restrictions during the second half of 2020 and with several E&P projects in the pipeline for 2022, the market is expected to witness growth during the forecast period.

What are the Revenue-generating Product Segments in the Oil and Gas Automation Market In Latin America?

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The oil and gas automation market share growth in Latin America by the SCADA segment will be significant during the forecast period. SCADA systems help to acquire data from remote devices, such as transmitters, pumps, and valves, installed in a field. It remotely controls and helps to turn on and off the field instruments such as actuators, valves, and other electrical equipment. Therefore, SCADA systems play a crucial role in ensuring the safety and security of personnel involved in the upstream process of the oil and gas industry by providing real-time information to decision-makers located away from the oil fields. Such factors are expected to propel the segment growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the oil and gas automation market size in Latin America and actionable market insights on post COVID-19 impact on each segment.

Oil and Gas Automation Market Scope in Latin America
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 3.66%
Market growth 2022-2026	$ 179.76 million
Market structure	Fragmented
YoY growth (%)	3.07
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	ABB Ltd., Andritz AG, Emerson Electric Co., FURUKAWA Co. Ltd., General Electric Co., Honeywell International Inc., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Wipro Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Oil and Gas Automation Market in Latin America Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive oil and gas automation market growth in Latin America during the next five years
Precise estimation of the oil and gas automation market size in Latin America and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the oil and gas automation market industry in Latin America across Brazil, Mexico, Argentina, and Rest of Latin America
A thorough analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of oil and gas automation market vendors in Latin America

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Table of Contents

***1. Executive Summary

**1.1 Market Overview

*Exhibit 01: Key Finding 1

*Exhibit 02: Key Finding 2

*Exhibit 03: Key Finding 3

*Exhibit 04: Key Finding 5

*Exhibit 05: Key Finding 6

*Exhibit 06: Key Finding 7

***2. Market Landscape

**2.1 Market ecosystem

*2.1.1 Parent Market

*Exhibit 07 Parent market

*Exhibit 08: Market characteristics

**2.2 Value Chain Analysis

*Exhibit 09: Value Chain Analysis: Industrial machinery

*2.2.1 Inputs

*2.2.2 Inbound logistics

*2.2.3 Operations

*2.2.4 Outbound logistics

*2.2.5 Marketing and sales

*2.2.6 Aftermarket and service

*2.2.7 Industry innovations

***3. Market Sizing

**3.1 Market definition

*Exhibit 10: Offerings of vendors included in the market definition

**3.2 Market segment analysis

*Exhibit 11: Market segments

**3.3 Market size 2021

**3.4 Market outlook: Forecast for 2021 - 2026

*3.4.1Estimating growth rates for emerging and high-growth markets

*3.4.2Estimating growth rates for mature markets

*Exhibit 12: Global - Market size and forecast 2021 - 2026 ($ million)

*Exhibit 13: Global market: Year-over-year growth 2021 - 2026 (%)

***4. Five Forces Analysis

**4.1 Five Forces Summary

*Exhibit 14: Five forces analysis 2021 - 2026

**4.2 Bargaining power of buyers

*Exhibit 15: Bargaining power of the buyer

**4.3 Bargaining power of suppliers

*Exhibit 16: Bargaining power of the supplier

**4.4 Threat of new entrants

*Exhibit 17: Threat of new entrants

**4.5 Threat of substitutes

*Exhibit 18: Threat of substitutes

**4.6 Threat of rivalry

*Exhibit 19: Threat of rivalry

**4.7 Market condition

*Exhibit 20: Market condition - Five forces 2021

***5. Market Segmentation by Product

**5.1 Market segments

*Exhibit 21: Product- Market share 2021 - 2026 (%)

**5.2 Comparison by Product

*Exhibit 22: Comparison by Product

**5.3 SCADA - Market size and forecast 2021-2026

*Exhibit 23: SCADA - Market size and forecast 2021-2026 ($ million)

*Exhibit 24: SCADA - Year-over-year growth 2021-2026 (%)

**5.4 DCS - Market size and forecast 2021-2026

*Exhibit 25: DCS - Market size and forecast 2021-2026 ($ million)

*Exhibit 26: DCS - Year-over-year growth 2021-2026 (%)

**5.5 PLC - Market size and forecast 2021-2026

*Exhibit 27: PLC - Market size and forecast 2021-2026 ($ million)

*Exhibit 28: PLC - Year-over-year growth 2021-2026 (%)

**5.6 MES - Market size and forecast 2021-2026

*Exhibit 29: MES- Market size and forecast 2021-2026 ($ million)

*Exhibit 30: MES - Year-over-year growth 2021-2026 (%)

**5.7 Market opportunity by Product

*Exhibit 31: Market opportunity by Product

***6. Customer landscape

*Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

**6.1 Overview

*Exhibit 32: Customer landscape

***7. Geographic Landscape

**7.1 Geographic segmentation

*Exhibit 33: Market share by geography 2021-2026 (%)

**7.2 Geographic comparison

*Exhibit 34: Geographic comparison

**7.3 Brazil - Market size and forecast 2021-2026

*Exhibit 35: Brazil - Market size and forecast 2021-2026 ($ million)

*Exhibit 36: Brazil - Year-over-year growth 2021-2026 (%)

**7.4 Mexico - Market size and forecast 2021-2026

*Exhibit 37: Mexico - Market size and forecast 2021-2026 ($ million)

*Exhibit 38: Mexico - Year-over-year growth 2021-2026 (%)

**7.5 Argentina - Market size and forecast 2021-2026

*Exhibit 39: Argentina - Market size and forecast 2021-2026 ($ million)

*Exhibit 40: Argentina - Year-over-year growth 2021-2026 (%)

**7.6 Rest of Latin America - Market size and forecast 2021-2026

*Exhibit 41: Rest of Latin America - Market size and forecast 2021-2026 ($ million)

*Exhibit 42: Rest of Latin America - Year-over-year growth 2021-2026 (%)

**7.7 Market opportunity by geography

*Exhibit 43: Market opportunity by geography ($ million)

***8. Drivers, Challenges, and Trends

**8.1 Market drivers

*8.1.1 Growth in shale oil production

*8.1.2 Growing regulatory compliance

*8.1.3 Gradual recovery in upstream activities

**8.2 Market challenges

*8.2.1 Growing cybersecurity concerns

*8.2.2 Volatile oil and gas environment

*8.2.3 High CAPEX involved in the adoption of automated solutions

*Exhibit 44: Impact of drivers and challenges

**8.3 Market trends

*8.3.1 Growing importance of big data analytics and IoT

*8.3.2 Rising number of strategic alliances

*8.3.3 Value chain integration by automation solution providers

***9. Vendor Landscape

**9.1 Overview

*Exhibit 45: Vendor landscape

**9.2 Landscape disruption

*Exhibit 46: Landscape disruption

*Exhibit 47: Industry Risk

***10. Vendor Analysis

**10.1 Vendors covered

*Exhibit 48: Vendors covered

**10.2 Market positioning of vendors

*Exhibit 49: ?Market positioning of vendors?

*10.3 ABB Ltd.

*Exhibit 50: ABB Ltd. - Overview

*Exhibit 51: ABB Ltd. - Business segments

*Exhibit 52: ABB Ltd. - Key offerings

*Exhibit 53: ABB Ltd. - Segment focus

**10.4 Andritz AG

*Exhibit 54: Andritz AG - Overview

*Exhibit 55: Andritz AG - Business segments

*Exhibit 56: Andritz AG- Key news

*Exhibit 57: Andritz AG - Key offerings

*Exhibit 58: Andritz AG - Segment focus

**10.5 Emerson Electric Co.

*Exhibit 59: Emerson Electric Co. - Overview

*Exhibit 60: Emerson Electric Co. - Business segments

*Exhibit 61: Emerson Electric Co.- Key news

*Exhibit 62: Emerson Electric Co. - Key offerings

*Exhibit 63: Emerson Electric Co. - Segment focus

**10.6 FURUKAWA Co. Ltd.

*Exhibit 64: FURUKAWA Co. Ltd. - Overview

*Exhibit 65: FURUKAWA Co. Ltd. - Business segments

*Exhibit 66: FURUKAWA Co. Ltd. - Key offerings

*Exhibit 67: FURUKAWA Co. Ltd. - Segment focus

**10.7 General Electric Co.

*Exhibit 68: General Electric Co. - Overview

*Exhibit 69: General Electric Co. - Business segments

*Exhibit 70: General Electric Co.-Key news

*Exhibit 71: General Electric Co. - Key offerings

*Exhibit 72: General Electric Co. - Segment focus

**10.8 Honeywell International Inc.

*Exhibit 73: Honeywell International Inc. - Overview

*Exhibit 74: Honeywell International Inc. - Business segments

*Exhibit 75: Honeywell International Inc.- Key news

*Exhibit 76: Honeywell International Inc. - Key offerings

*Exhibit 77: Honeywell International Inc. - Segment focus

**10.9 Rockwell Automation Inc.

*Exhibit 78: Rockwell Automation Inc. - Overview

*Exhibit 79: Rockwell Automation Inc. - Business segments

*Exhibit 80: Rockwell Automation Inc.- Key news

*Exhibit 81: Rockwell Automation Inc. - Key offerings

*Exhibit 82: Rockwell Automation Inc. - Segment focus

**10.10 Schneider Electric SE

*Exhibit 83: Schneider Electric SE - Overview

*Exhibit 84: Schneider Electric SE - Business segments

*Exhibit 85: Schneider Electric SE- Key news

*Exhibit 86: Schneider Electric SE - Key offerings

*Exhibit 87: Schneider Electric SE - Segment focus

**10.11 Siemens AG

*Exhibit 88: Siemens AG - Overview

*Exhibit 89: Siemens AG - Business segments

*Exhibit 90: Siemens AG- Key news

*Exhibit 91: Siemens AG - Key offerings

*Exhibit 92: Siemens AG - Segment focus

**10.12 Wipro Ltd.

*Exhibit 93: Wipro Ltd. - Overview

*Exhibit 94: Wipro Ltd. - Business segments

*Exhibit 95: Wipro Ltd.- Key news

*Exhibit 96: Wipro Ltd. - Key offerings

*Exhibit 97: Wipro Ltd. - Segment focus

***11. Appendix

**11.1 Scope of the report

*11.1.1 ????Market definition

*11.1.2 ????Objectives

*11.1.3 ????Notes and caveats

**11.2 Currency conversion rates for US$

*Exhibit 98: ?Currency conversion rates for US$?

**11.3 Research Methodology

*Exhibit 99: ?Research Methodology

*Exhibit 100: ??Validation techniques employed for market sizing?

*Exhibit 101: ??Information sources

**11.4 List of abbreviations

*Exhibit 102: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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