Cost Reduction and Safety Prime Reasons for Growth of Global Oil and Gas Automation Market


Posted March 8, 2016 by wayne31jan

Oil and Gas Automation Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast, 2013 - 2019

 
Transparency Market Research’s report, titled “Oil and Gas Automation Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast, 2013–2019,” marks the effort taken over years to analyze the effects and needs of automation in the oil and gas sector. The report thus helps establish a solid foundation for users when it comes to taking strategic business decisions for maintaining a firm foothold in this market.

Complete Report Oil and Gas Automation Market with TOC : http://www.transparencymarketresearch.com/oil-gas-automation-market.html

The major drivers for the global oil and gas automation market include reduction of costs, improved safety standards, higher rate of productivity, and scope of easy additions to the production lines afforded by automation. The primary use of oil and gas automation lies in the distribution and retailing of petroleum products, along with other functions such as production and processing in plants and the commissioning and start-up of the plant.

The global oil and gas automation market can help fulfill tasks that can be done with little or no human intervention, as well as safely perform the tasks where human safety is a high concern. Most technological advancements in the global oil and gas automation market have therefore, been centered on safety and productivity. Additionally, the oil and gas industry is expected to be the fastest-growing market in process applications, owing to the constant evolution of technologies being used.

Major segments in the global oil and gas automation market are done keeping in perspective the flow computation, use of leakage detection systems, process automation, process instrumentation, and process analysis. In terms of operating modes, the global oil and gas automation market can be segmented into power control systems, midstream, downstream, and upstream. In terms of technology, this market can be segmented into support services, maintenance, ESD, SCADA, HMI, PLC, PAC, energy management solutions, and motor control centers.

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A large part of the global oil and gas automation market is concentrated within South East Asia, primarily due to the abundance of oil and coal resources in this region. As such, the developed oil and gas industries in this region are attracting global players in automation. Most of the companies in the South East Asia oil and gas industry are currently focused on gaining a faster mode of production while maintaining high levels of transparency, two things which automation can successfully provide.

The key players in the global oil and gas automation market are Emersion, Siemens, Mitsubishi Electric, and ABB. Other prominent players who have made major contributions in the global oil and gas automation market are Rockwell Automation and Honeywell.

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Issued By Wayne collins
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Tags Oil and Gas Automation Market , Oil and Gas Automation Market share , Oil and Gas Automation Market size , Oil and Gas Automation Market Growth
Last Updated March 8, 2016