USD 179.76 mn growth in Oil and Gas Automation Market in Latin America | Technavio

NEW YORK, Feb. 16, 2022 /PRNewswire/ -- The size of the oil and gas automation market in Latin America is expected to grow by USD 179.76 mn from 2021 to 2026, according to Technavio. The growth momentum of the market will accelerate at a CAGR of 3.66%.

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The oil and gas automation market in Latin America is fragmented, and the degree of fragmentation will accelerate during the forecast period. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.

Automation Market in Latin America 2022-2026: Scope

The report also covers the following areas:

• Oil and Gas Automation Market in Latin America size
• Oil and Gas Automation Market in Latin America trends
• Oil and Gas Automation Market in Latin America industry analysis

Automation Market in Latin America 2022-2026: Segmentation

By product, the oil and gas automation market in Latin America has been segmented into SCADA, DCS, PLC, and MES. The SCADA segment will have significant market share growth during the forecast period. 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. They provide real-time information to decision-makers located away from the oil fields.

By geography, the oil and gas automation market in Latin America has been segmented into Brazil, Mexico, Argentina, and Rest Of Latin America. Brazil will have the highest market share growth during the forecast period.

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Oil and Gas Automation Market in Latin America 2022-2026: Vendor Analysis

To help businesses improve their market position, Technavio's report provides a detailed analysis of around 25 vendors operating in the market. Some of the major vendors of the oil and gas automation market in Latin America include 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. The key offerings of some of these vendors are mentioned below:

• ABB Ltd. - The company offers oil and gas automation solutions and process control for the petrochemical industry.
• Andritz AG - The company offers solutions for oil and gas automation such as BrainWave SRU, which reduces energy and chemical consumption, produces higher quality products more consistently, and lowers production costs.
• Emerson Electric Co. - The company offers oil and gas automation solutions that help in maximizing production, optimize drainage, reduce operational costs, and improve efficiency.

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Oil and Gas Automation Market in Latin America 2022-2026: Parent Market Analysis

Technavio has categorized the oil and gas automation market in Latin America as a part of the global industrial machinery market. This 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.

Oil and Gas Automation Market in Latin America 2022-2026: Key Highlights

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist oil and gas automation market growth in Latin America during the next five years
• Estimation of the oil and gas automation market size in Latin America and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the oil and gas automation market in Latin America
• 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 

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Table of Contents

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2021
• Market outlook: Forecast for 2021 - 2026

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Product

• Market segments
• Comparison by Product
• SCADA - Market size and forecast 2021-2026
• DCS - Market size and forecast 2021-2026
• PLC - Market size and forecast 2021-2026
• MES - Market size and forecast 2021-2026
• Market opportunity by Product

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• Brazil - Market size and forecast 2021-2026
• Mexico - Market size and forecast 2021-2026
• Argentina - Market size and forecast 2021-2026
• Rest of Latin America - Market size and forecast 2021-2026
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• ABB Ltd.
• Andritz AG
• Emerson Electric Co.
• FURUKAWA Co. Ltd.
• General Electric Co.
• Honeywell International Inc.
• Rockwell Automation Inc.
• Schneider Electric SE
• Siemens AG
• Wipro Ltd.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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