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Oil and Gas Remote Monitoring Market Share

  • Report ID: 2948
  • Published Date: Sep 24, 2024
  • Report Format: PDF, PPT

Oil and Gas Remote Monitoring Market Share

Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. The Asia Pacific industry is poised to account for largest revenue share by 2036, due to increasing adoption of industrial automation in the region. According to IBEF, ONGC is investing USD 2.73 billion in drilling oil & gas wells from 2018 to 2019. Furthermore, Saudi Aramco plans to invest in the downstream sector in India. â€‹â€‹â€‹â€‹â€‹â€‹

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Author Credits:  Dhruv Bhatia


  • Report ID: 2948
  • Published Date: Sep 24, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing trend of new devices and rising demand for industrial automation are the key factors driving market growth.

The market is anticipated to attain a moderate CAGR over the forecast period, i.e., 2021-2029.

Rising investment in the non- conventional source of energy and high cost of implementation are estimated to hamper market growth.

The market in Asia Pacific region will provide ample growth opportunities owing to the increasing adoption of industrial automation in the region.

The major players dominating the oil and gas remote monitoring market are Emerson, ABB Ltd, Siemens AG, Sensaphone, Honeywell International Inc., TE Connectivity, MTS Sensor Technologies GmbH, Indutrade and Robert Bosch GmbH.
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