The Main Automation Contractor In Oil & Gas Industry is expected to grow from USD 1.16 billion in 2024 to USD 1.52 billion by 2029, at a CAGR of 6.28% during the forecast period (2024-2029).
The automation contractor market in the oil and gas industry exhibits moderate competitiveness, owing to the presence of numerous players offering solutions both domestically and internationally. The market demonstrates a moderate level of concentration, with major industry leaders employing key strategies such as product innovation, mergers, acquisitions, and partnerships to enhance their solutions and expand their global presence. Prominent players in this market include Rockwell Automation Inc., Schneider Electric SE, Yokogawa Electric Corporation, and Honeywell International Inc.
In February 2023, Valmet and Naizak Global Engineering Systems inked a Value Added Reseller (VAR) Agreement pertaining to Valmet DNA Automation Systems. This agreement encompasses applications in various sectors, including oil, gas, power, water, wastewater, and other process industries in Saudi Arabia and Bahrain. Both companies have laid out plans to establish a dedicated Main Automation Contractor (MAC) team, with the objective of competing effectively with major distributed control system vendors.
In October 2022, Yokogawa Electric Corporation secured a significant contract as the main automation contractor (MAC) for the construction of Shell PLC's Holland Hydrogen I plant located in the Dutch port of Rotterdam. This plant is set to produce renewable hydrogen, utilizing electricity generated from an offshore wind farm. Upon its anticipated operational launch in 2025, the Holland Hydrogen I plant is poised to become the largest renewable hydrogen production facility in Europe.
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