The Human machine interface (HMI) market for Oil and Gas industry was valued at US$360.423 million in 2018 and is estimated to grow at a CAGR of 5.37% to reach a market value of US$ 493.390 million by 2024. Human Machine Interface (HMI) refers to the graphical interface that is between the process and the operator. In oil and gas industry, it is essentially an operator’s dashboard that helps to coordinate and control industrial process and machines. The demand for HMI’s are spurring in this industry on account of its rising adoption and deployment in hazardous areas where human intervention is risky. Features like dynamic context-sensitive information and good traceability, authorization and escalation are being provided by these interfaces which in turn is augmenting its adoption in various areas of oil and gas industry. Moreover, an increasing number of players lauching advanced HMI with their SCADA system for this industry is further fueling the HMI market growth in this industry.
The Human machine interface (HMI) Market for Oil and Gas Industry – Forecasts from 2019 to 2024 is an exhaustive study which aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by type, system, component, and geography.
The Human machine interface (HMI) Market for Oil and Gas Industry market has been segmented based on type, component, system, and geography. By type, the market has been classified into touch-screen panels, PC-based HMI, and push button and switches. By System, the market has been segmented as stand-alone and distributed. By component, the market has been classified into hardware and software.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa, and the Asia Pacific regions. The report also analyzes 15 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the Human machine interface (HMI) Market for Oil and Gas Industry market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the Human machine interface (HMI) Market for Oil and Gas Industry.