Global Refining Industry Automation and Software Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Control Valves, Flow Meters, and Process Engineering Tools.

By Application;

Petroleum Oil Refinery, Natural Gas Processing Plant, and Metal Refinery.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn565033737 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Refining Industry Automation and Software Market (USD Million), 2021 - 2031

In the year 2024, the Global Refining Industry Automation and Software Market was valued at USD 15,775.26 million. The size of this market is expected to increase to USD 19,666.83 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.2%.

The global refining industry automation and software market is pivotal to the efficient operation and optimization of refining processes worldwide. This sector encompasses a broad range of automation technologies and software solutions designed to enhance productivity, safety, and sustainability within refineries. Automation technologies such as Distributed Control Systems (DCS), Programmable Logic Controllers (PLC), Supervisory Control and Data Acquisition (SCADA) systems, and advanced process control (APC) software play a crucial role in monitoring and controlling refinery operations in real-time.

These technologies enable refineries to achieve greater operational efficiency by automating complex processes, minimizing downtime, and optimizing resource utilization. They also facilitate predictive maintenance, ensuring equipment reliability and reducing maintenance costs. Additionally, automation and software solutions enhance safety by providing real-time monitoring of critical parameters and enabling rapid response to emergencies or abnormal conditions. This capability is particularly essential in hazardous environments where strict adherence to safety protocols is paramount.

The refining industry automation and software market is driven by the increasing adoption of digitalization initiatives and Industry 4.0 principles. These initiatives integrate automation technologies with data analytics, artificial intelligence (AI), and machine learning (ML) to enable predictive insights, optimize energy consumption, and support decision-making processes. As refineries seek to improve operational agility, reduce environmental impact, and comply with stringent regulatory requirements, investment in automation and software solutions continues to grow, shaping the future of the global refining industry.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Refining Industry Automation and Software Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Advancements in Industrial Automation Technology
        2. Focus on Safety and Compliance
        3. Need for Enhanced Process Control
        4. Rising Complexity of Refinery Operations
      2. Restraints
        1. Integration Challenges with Existing Systems
        2. Cybersecurity Concerns
        3. Skills Gap and Workforce Training
        4. Regulatory Uncertainty
      3. Opportunities
        1. Integration of Artificial Intelligence (AI)
        2. Expansion in Emerging Markets
        3. Development of Cloud-Based Solutions
        4. Focus on Sustainability and Environmental Compliance
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Refining Industry Automation and Software Market, By Type, 2021 - 2031 (USD Million)
      1. Control Valves
      2. Flow Meters
      3. Process Engineering Tools
    2. Global Refining Industry Automation and Software Market, By Application, 2021 - 2031 (USD Million)
      1. Petroleum Oil Refinery
      2. Natural Gas Processing Plant
      3. Metal Refinery
    3. Global Refining Industry Automation and Software Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Honeywell Process Solutions
      2. ABB Limited
      3. Siemens AG
      4. Emerson Process Management
      5. HollySys Automation
      6. Schneider Electric
      7. Omron Corporation
      8. Honeywell International
  7. Analyst Views
  8. Future Outlook of the Market