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Oil & Gas Robotics Market Size

Report ID: GMI12410
Published Date: Nov 2024
Report Format: PDF

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Oil & Gas Robotics Market Size

The global oil & gas robotics market size was valued at USD 1.6 billion in 2024 and is estimated to register a CAGR of 9.9% between 2025 and 2034. The increasing focus on operational safety, rising demand for autonomous solutions, and growing emphasis on predictive maintenance are key factors driving market growth. Companies are actively pursuing strategic partnerships to enhance technological capabilities and expand market presence.

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For instance, in November 2024, ANYbotics announced a partnership with SLB to deliver advanced robotics solutions for the oil and gas sector. This collaboration aims to support operators in managing inspections, enhancing predictive maintenance, and improving safety standards.

Oil & Gas Robotics Market Report Attributes
Report Attribute	Details
Base Year:	2024
Oil & Gas Robotics Market Size in 2024:	USD 1.6 Billion
Forecast Period:	2025 to 2034
Forecast Period 2025 to 2034 CAGR:	9.9%
2034 Value Projection:	USD 4.1 Billion
Historical Data for:	2021 – 2024
No. of Pages:	160
Tables, Charts & Figures:	185
Segments covered:	Product, Deployment Environment, Automation Level, Application
Growth Drivers:	Increasing operational safety improvements Rising autonomous solution demand in oil & gas Growing predictive maintenance capabilities Reduced human risk exposure
Pitfalls & Challenges:	Regulatory compliance complexities Cybersecurity concerns

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The market is expanding rapidly due to the growing need for minimizing human risk in hazardous environments and increasing adoption of advanced robotics technologies. As oil & gas companies focus on digital transformation, the demand for autonomous and remote-operated robotic solutions has surged, leading to greater investment in innovative technological solutions.

Additionally, the growing demand for advanced solutions in the market is significantly driven by the rise of the oil & gas analytics market. As oil and gas companies increasingly rely on data-driven insights for operational decision-making, robotics technologies are being integrated with analytics platforms to enhance efficiency and predict maintenance needs. The oil & gas analytics market is projected to grow and generate revenue of around USD 33 billion by 2030, with an annual growth rate of over 20%.

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of oil & gas robotics reached USD 1.6 billion in 2024 and is set to grow at a 9.9% CAGR from 2025 to 2034, driven by increasing focus on operational safety and demand for autonomous solutions.

The onshore segment is anticipated to register a CAGR of over 8.5% from 2025 to 2034, led by the need for automation in exploration, drilling, and maintenance operations.

The North America market accounted for 30% of the revenue share in 2024, propelled by the increasing adoption of automation technologies to enhance operational efficiency and safety.

The key players in the industry include ABB, ANYbotics, Baker Hughes, Blue Ocean Robotics, Eelume, Fanuc, Halliburton, Oceaneering, Schlumberger, and TechnipFMC.