Market Share of APAC Oil & Gas Automation Industry
The oil and gas automation market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with prominent shares in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and increase their profitability. The companies operating in the market are also acquiring start-ups working on oil and gas automation to strengthen their product capabilities.
- March 2020 - Emerson and Quantum Reservoir Impact announced a partnership to develop and market next-generation applications for artificial intelligence-based analytics and decision-making tools designed for oil and gas exploration and production.
- September 2021 - Automation Anywhere announced a collaboration with Indian Oil Corporation Limited (IOCL) to speed and scale automation to drive innovation across the organization of 30,000 employees. In the first phase of the five-year plan, IOCL will use Automation 360, AI-powered robotic process automation (RPA) platform, to automate critical process choices across departments such as finance, human resources, and inventory.
APAC Oil Gas Automation Market Leaders
ABB Ltd
Honeywell International Inc.
General Electric Company
Rockwell Automation
Schneider Electric SE
*Disclaimer: Major Players sorted in no particular order
