Main Automation Contractor (Mac) Market In The Oil & Gas Industry - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The main automation contractor (MAC) market in the oil and gas industry is expected to register a CAGR of 6.2% during the forecast period. In the oil and gas industry, the growing adoption of automation is fueling the demand for MAC services. In June 2022, ABB partnered with Think Gas, a city gas distribution company, for the automation of operations across Think Gas’ gas network, which includes many remote terminals spread across multiple locations. ABB created a system to integrate, monitor, and control day-to-day operations across the company, automating workflows to support operators in improving safety.
Key HighlightsThe main automation contractor (MAC) market in the oil and gas industry is highly competitive due to the presence of multiple players in the market providing their solutions in domestic and international markets. The market appears to be moderately concentrated, with major players adopting key strategies such as product innovation, mergers, acquisitions, and partnerships to enhance their solution functionality and expand their geographic reach. Some of the major players in the market are Rockwell Automation Inc., Schneider Electric SE, Yokogawa Electric Corporation, and Honeywell International Inc.
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