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

The oil and gas automation market in Latin America is fragmented, and the degree of fragmentationwill accelerateduring 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:

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:

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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

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Oil And Gas Automation Market In Latin America Scope

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

USD 179.76 million

Market structure

Fragmented

YoY growth (%)

3.07

Regional analysis

Brazil, Mexico, Argentina, and Rest of Latin America

Performing market contribution

Brazil at 33%

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

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 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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Table of Contents

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Product

Customer landscape

Geographic Landscape

Vendor Landscape

Vendor Analysis

Appendix

About UsTechnavio 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.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [emailprotected]Website: http://www.technavio.com/

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