What are the primary driving forces in the EITG system market?

The increasing demand for reliable and real-time data on tank contents, as well as the growing usage of digital technology in the oil and gas sector, are the primary drivers for the EITG system market.

What are the major problems confronting the EITG system market?

The significant issues confronting the EITG system market are the high installation and maintenance costs, the lack of standardisation, and the cybersecurity risk.

Who are the leading market participants in the Global EITG industry?

Siemens AG, Honeywell International Inc., Emerson Electric Co., Schneider Electric SE, ABB Ltd., Endress+Hauser Management AG, Varec, Inc., Toptech Systems LLC, Wärtsilä Oyj Abp, and Yokogawa Electric Corporation are the top important competitors in the Global EITG system market.

`How is the EITG system market segmented?

The EITG market is divided into components, end-users, technology, and geography.

How would COVID-19 affect the EITG system market?

The pandemic of COVID-19 has had an uneven influence on the EITG industry. The reduction in demand for oil and gas, as well as the drop-in industrial activity, has resulted in a fall in demand for EITG systems, whilst the rise in demand for digital technologies has resulted in an increase in the adoption of EITG systems that are integrated with these technologies.