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Oil and Gas Pipeline and Transportation Automation Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Apr 2022
  • Pages: 120
  • SKU: IRTNTR40118
Technavio

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The oil & gas pipeline and transportation automation market growth will accelerate at a CAGR of 2.18% and reach an estimated value of USD 960.46 million by 2026.

The oil and gas pipeline and transportation automation market report extensively covers market segmentation by application (pipeline and LNG and terminal) and geography (North America, APAC, Europe, MEA, and South America).

The report also offers key details on several market vendors that include ABB Ltd., Eaton Corporation Plc, Emerson Electric Co., Honeywell International Inc., Mitsubishi Electric Corp., OMRON Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp. among others. Furthermore, this report offers valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.

What will the Oil and Gas Pipeline and Transportation Automation Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Oil and Gas Pipeline and Transportation Automation Market Size for the Forecast Period and Other Important Statistics

 

Oil and Gas Pipeline and Transportation Automation Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The expansion of oil terminals is notably driving the oil and gas pipeline and transportation automation market growth, although factors such as increased use of alternative energy sources may impede 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 pipeline and transportation automation industry. 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 Pipeline and Transportation Automation Market Driver

One of the key factors driving the global oil and gas pipeline and transportation automation industry growth is the expansion of oil terminals. The rising energy demand has resulted in an increase in new terminals and pipeline construction including oil and gas pipeline and transportation automation, especially in APAC and Africa.

  • Saudi Aramco has already constructed the Muajjiz oil terminal with a holding capacity of 15 million barrels per day.
  • The Port of Corpus Christi Commission approved the construction of crude oil condensate and refined petroleum products terminals.

These new oil and gas exploration and production activities, along with improved and efficient pipelines for oil and gas transportation will drive the growth of the during the forecast period.

Key Oil and Gas Pipeline and Transportation Automation Market Trend

Increased adoption of IoT in midstream oil and gas operations is one of the key oil and gas pipeline and transportation automation market trends that is expected to impact the industry positively in the forecast period. The use of the intermediary software called hypervisor for the virtualization of automation control systems will be one of the market trends of the market in focus. The benefits of virtualization are as follows:

  • Optimum resource utilization and operation
  • Power cost savings
  • Operational flexibility

The integration of different oil and gas pipelines and transportation automation systems such as SCADA and PLC, which can be easily accessed at a different location on the plant floor using virtual machines, reduces operational and maintenance costs. The increasing awareness regarding virtual software and flexibility in operating automation software is expected to influence the market growth in the coming years.

Key Oil and Gas Pipeline and Transportation Automation Market Challenge

One of the key challenges to the global oil and gas pipeline and transportation automation industry growth is the increased use of alternative energy sources. The market growth will be affected by the ongoing investments in alternative renewable and non-renewable energy sources such as solar energy, geothermal energy, small hydroelectric energy sources, biofuels/bioenergy, nuclear/thermal energy, and other energy sources. This is attributed to the growing environmental pollution, geopolitical risks, and rising foreign deficit. With the growing need for ensuring energy security, countries are increasingly focusing on the diversification of energy sources rather than relying on a single or few energy sources. Such factors may limit the market growth in the forecast years.

This oil and gas pipeline and transportation automation market 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 global oil and gas pipeline and transportation automation market 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 pipeline and transportation automation market during the forecast period.

Who are the Major Oil and Gas Pipeline and Transportation Automation Market Vendors?

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

 

  • ABB Ltd.
  • Eaton Corporation Plc
  • Emerson Electric Co.
  • Honeywell International Inc.
  • Mitsubishi Electric Corp.
  • OMRON Corp.
  • Rockwell Automation Inc.
  • Schneider Electric SE
  • Siemens AG
  • Yokogawa Electric Corp.

 

This statistical study of the oil and gas pipeline and transportation automation market encompasses successful business strategies deployed by the key vendors. The oil and gas pipeline and transportation automation market is fragmented and the vendors are deploying growth strategies such as investments in R&D to compete in the market.

Product Insights and News

  • Eaton Corporation Plc - The company offers railway traction motors from 50 kW to 1600 kW, to suit all types of rolling stock and their different operating and integration requirements and generate the performance, reliability, energy savings, and life cycle costs.
  • Eaton Corporation Plc - Through the rolling stock segment, the company offers products for trams and light rail vehicles, metros, and other locomotives.

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 pipeline and transportation automation market 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 Pipeline and Transportation Automation Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the oil and gas pipeline and transportation automation market, 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.

Which are the Key Regions for Oil and Gas Pipeline and Transportation Automation Market?

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31% of the market’s growth will originate from APAC during the forecast period. China is a key market for oil and gas pipeline and transportation automation in APAC. Market growth in this region will be faster than the growth of the market in Europe, North America, and South America.

The significant increase in offshore capital expenditure and the rising number of oil rigs and new oil platform installation projects will facilitate the oil and gas pipeline and transportation automation market growth in APAC 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

In 2020, the COVID-19 pandemic led to the reduction in oil and gas prices, which has intensified the pressure on oil and gas companies to boost productivity and minimize production costs. For instance, according to the US Energy Information Administration (EIA), in May 2020, crude oil production had fallen to 11.7 million barrels per day (b/d) in the same year and further to 10.9 b/d in 2021, compared to the average of 12.2 b/d in 2019. The sudden fall in the production of crude oil and gas in the region had negatively impacted the demand for automation solutions in the oil and gas pipeline and transportation automation market in the region. However, due to various government initiatives such as mass vaccination drives and social distancing, the number of COVID-19 cases has declined significantly. This has further led to a gradual increase in regional economic activities. As a result, the demand of oil and gas surged since the beginning of 2021, which is further expected to drive the market growth in the forecast period.

What are the Revenue-generating Application Segments in the Oil and Gas Pipeline and Transportation Automation Market?

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The oil and gas pipeline and transportation automation market share growth by the pipeline segment will be significant during the forecast period. Pipelines are highly complex systems that transport high volumes of fluids and are governed by several key performance indicators, such as material flow, pressure, temperature, material density, and viscosity. The growth is attributed to the innovations in the segment in focus owing to increasing regulatory control over the oil and gas industry and the construction of new pipelines.

  • The use of smart sensors, instruments, and software that help pipeline operators to capture data from multiple locations where it was earlier not possible. 

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

 

Oil and Gas Pipeline and Transportation Automation Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 2.18%

Market growth 2022-2026

$ 960.46 million

Market structure

Fragmented

YoY growth (%)

1.55

Regional analysis

North America, APAC, Europe, MEA, and South America

Performing market contribution

APAC at 31%

Key consumer countries

US, China, Canada, Russian Federation, and Saudi Arabia

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ABB Ltd., Andritz AG, Azbil Corp., Beckhoff Automation GmbH and Co. KG, Bosch Rexroth AG, Eaton Corporation Plc, Emerson Electric Co., Endress+Hauser Group Services AG, FANUC Corp., Fuji Electric Co. Ltd., Honeywell International Inc., INTECH Process Automation Inc., Mitsubishi Electric Corp., OMRON Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Toshiba Corp., Valmet Oyj, and Yokogawa Electric Corp.

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

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What are the Key Data Covered in this Oil and Gas Pipeline and Transportation Automation Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive oil and gas pipeline and transportation automation market growth during the next five years
  • Precise estimation of the oil and gas pipeline and transportation automation market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the oil and gas pipeline and transportation automation industry across North America, APAC, Europe, MEA, and South 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 pipeline and transportation automation market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Pipeline - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Pipeline - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Pipeline - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Pipeline - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Pipeline - Year-over-year growth 2021-2026 (%)
    • 5.4 LNG and terminal - Market size and forecast 2021-2026
      • Exhibit 32: Chart on LNG and terminal - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on LNG and terminal - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on LNG and terminal - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on LNG and terminal - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Application
      • Exhibit 36: Market opportunity by Application ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 APAC - Market size and forecast 2021-2026
      • Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Canada - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.11 Russia - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Russia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Russia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Russia - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Russia - Year-over-year growth 2021-2026 (%)
    • 7.12 Saudi Arabia - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Saudi Arabia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Saudi Arabia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Saudi Arabia - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Saudi Arabia - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 ABB Ltd.
              • Exhibit 89: ABB Ltd. - Overview
              • Exhibit 90: ABB Ltd. - Business segments
              • Exhibit 91: ABB Ltd. - Key news
              • Exhibit 92: ABB Ltd. - Key offerings
              • Exhibit 93: ABB Ltd. - Segment focus
            • 10.4 Eaton Corp. Plc
              • Exhibit 94: Eaton Corp. Plc - Overview
              • Exhibit 95: Eaton Corp. Plc - Business segments
              • Exhibit 96: Eaton Corp. Plc - Key news
              • Exhibit 97: Eaton Corp. Plc - Key offerings
              • Exhibit 98: Eaton Corp. Plc - Segment focus
            • 10.5 Emerson Electric Co.
              • Exhibit 99: Emerson Electric Co. - Overview
              • Exhibit 100: Emerson Electric Co. - Business segments
              • Exhibit 101: Emerson Electric Co. - Key news
              • Exhibit 102: Emerson Electric Co. - Key offerings
              • Exhibit 103: Emerson Electric Co. - Segment focus
            • 10.6 Honeywell International Inc.
              • Exhibit 104: Honeywell International Inc. - Overview
              • Exhibit 105: Honeywell International Inc. - Business segments
              • Exhibit 106: Honeywell International Inc. - Key news
              • Exhibit 107: Honeywell International Inc. - Key offerings
              • Exhibit 108: Honeywell International Inc. - Segment focus
            • 10.7 Mitsubishi Electric Corp.
              • Exhibit 109: Mitsubishi Electric Corp. - Overview
              • Exhibit 110: Mitsubishi Electric Corp. - Business segments
              • Exhibit 111: Mitsubishi Electric Corp. - Key news
              • Exhibit 112: Mitsubishi Electric Corp. - Key offerings
              • Exhibit 113: Mitsubishi Electric Corp. - Segment focus
            • 10.8 OMRON Corp.
              • Exhibit 114: OMRON Corp. - Overview
              • Exhibit 115: OMRON Corp. - Business segments
              • Exhibit 116: OMRON Corp. - Key news
              • Exhibit 117: OMRON Corp. - Key offerings
              • Exhibit 118: OMRON Corp. - Segment focus
            • 10.9 Rockwell Automation Inc.
              • Exhibit 119: Rockwell Automation Inc. - Overview
              • Exhibit 120: Rockwell Automation Inc. - Business segments
              • Exhibit 121: Rockwell Automation Inc. - Key news
              • Exhibit 122: Rockwell Automation Inc. - Key offerings
              • Exhibit 123: Rockwell Automation Inc. - Segment focus
            • 10.10 Schneider Electric SE
              • Exhibit 124: Schneider Electric SE - Overview
              • Exhibit 125: Schneider Electric SE - Business segments
              • Exhibit 126: Schneider Electric SE - Key news
              • Exhibit 127: Schneider Electric SE - Key offerings
              • Exhibit 128: Schneider Electric SE - Segment focus
            • 10.11 Siemens Energy AG
              • Exhibit 129: Siemens Energy AG - Overview
              • Exhibit 130: Siemens Energy AG - Business segments
              • Exhibit 131: Siemens Energy AG - Key news
              • Exhibit 132: Siemens Energy AG - Key offerings
              • Exhibit 133: Siemens Energy AG - Segment focus
            • 10.12 Yokogawa Electric Corp.
              • Exhibit 134: Yokogawa Electric Corp. - Overview
              • Exhibit 135: Yokogawa Electric Corp. - Business segments
              • Exhibit 136: Yokogawa Electric Corp. - Key offerings
              • Exhibit 137: Yokogawa Electric Corp. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 138: Inclusions checklist
                • Exhibit 139: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 140: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 141: Research methodology
                • Exhibit 142: Validation techniques employed for market sizing
                • Exhibit 143: Information sources
              • 11.5 List of abbreviations
                • Exhibit 144: List of abbreviations
              • in manufacturing industry: Market dynamics in some major processes and discrete industries are changing drastically, and manufacturers are gradually feeling the brunt of excessive demand fluctuations. The fluctuating prices of oil and gas and metals in the global market and the shortage of a skilled workforce worldwide have directly affected the profitability of manufacturing companies. A sudden and unexpected shift in market dynamics can drastically impact manufacturing processes and investments in capital goods.
                • slowdown in the automotive industry: High motorization rates in North America and Europe, the increase in tariffs on imported vehicles in the US and China, and the global economic slowdown are likely to reduce vehicle sales in the coming years. Anticipating a decline in vehicle sales, several vehicle manufacturers are halting their vehicle production. For instance, in March 2019, Ford announced the shutdown of its three vehicle-manufacturing sites in Russia. Similarly, in August 2019, Mahindra and Mahindra Ltd. stopped vehicle production at its manufacturing units in India for 8-14 days. During the same month, Maruti Suzuki announced that it had cut its vehicle production for the sixth consecutive month in 2019. In August 2019, Honda announced a halt in car production at its Argentina-based manufacturing plants. Such a slowdown in the automotive industry is expected to hamper the growth of the market during the forecast period.

                  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.

                  TechnavioINFORMATION 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
                  Technavio

                  TechnavioDATA 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
                  Technavio

                  TechnavioREPORT 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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                  The oil and gas pipeline and transportation automation market growth will increase by $960.46 million during 2022-2026.
                  The oil and gas pipeline and transportation automation market is expected to grow at a CAGR of 2.18% during 2022-2026.
                  Technavio has segmented the oil and gas pipeline and transportation automation market by application (Pipeline and LNG and terminal) and geographic (North America, APAC, Europe, Middle East and Africa, and South America).
                  ABB Ltd., Eaton Corp. Plc, Emerson Electric Co., Honeywell International Inc., Mitsubishi Electric Corp., OMRON Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens Energy AG, Yokogawa Electric Corp., Andritz AG, Azbil Corp., Beckhoff Automation GmbH and Co. KG, Endress Hauser Group Services AG, Fuji Electric Co. Ltd., INTECH Process Automation Inc., Robert Bosch GmbH, Toshiba Corp., Valmet Oyj, FANUC Corp. are a few of the key vendors in the oil and gas pipeline and transportation automation market.
                  APAC will register the highest growth rate of 31.12% among the other regions. Therefore, the oil and gas pipeline and transportation automation market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
                  The key factors driving the oil and gas pipeline and transportation automation market growth are:
                  • Expansion of oil terminals
                  • Increased adoption of IoT in midstream oil and gas operations
                  The oil and gas pipeline and transportation automation market vendors should focus on grabbing business opportunities from the pipeline segment as it accounted for the largest market share in the base year.
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