(MENAFN- America News Hour) In the modern world and the fierce competition, every industry needs to welcome automation to upgrade their operations and stay ahead. Broadly speaking, automation control is a technological phenomenon in which the scheduled task is performed without human assistance. The presence of automated technologies is also needed in the oil and gas sector. The industries in this sector need to understand the environment surrounding them and upgrade their technologies as that would help the firms become more efficient. Another important benefit of implementation of automation is that the work involved in this industry is risky and hazardous to humans, and should be done by machines.
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End User Industry
The end users of the [To enable links contact MENAFN] oil and gas automation and control market are the various firms which would utilize this change to improve their efficiency and other aspects. The logistics business is also an end user of these technologies.
Market Dynamics
The hazardous working environment in the onshore industrial processes paves the way for the implementation of automation and control system. Fast access to information, optimised functions, quick identification of faults, and operational functions are some examples in which automation can enhance this industry. Modernisation of the processes is being followed by many industries and the strong environmental and safety needs drive this change in the oil and gas industry.
Market Segmentation
Oil and gas automation and control market operates in four different sectors, namely Upstream, Downstream, Midstream, and Power Control Systems. The work done by the automated technology can be manufacturing, maintenance, logistics, and operations. The market can also be segmented on the basis of various control systems implemented, few of which are Supervisory Control and Data Acquisition, Programmable Logic Controller, Safety Instrumented System, and Distributed Control Systems. The reason for the firm to implement automation and control is another basis for the segmentation of this market. The reasons can be cost optimization, HSE, operational efficiency, and staying ahead of the competition.
Regional/Geographic Analysis
The oil and gas projects in the Asia-Pacific region are still on a rise and automation is quickly entering into the work of the industries. The European and North American region has a high demand for automation and control systems in the onshore and offshore plants, and there is also a strong need for maintenance.
Opportunities
The oil and gas sector has a lot of scope for the implementation of automation and control systems. Numerous functions of the industry can be optimised by replacing human interaction with machines. The opportunities for the automation industry are immense and there is strong competition in the automation field. Firms need to innovate quickly and also battle on cost aspects. Multinational companies looking to expand operations into the oil and gas sector can look towards a brighter future. But, firms have to be careful as the oil and gas industries have a dangerous and hazardous environment in the factories, and malfunctioning may lead to large-scale accidents.
Key Players
The major players in the oil and gas automation and control market are General Electric, ENI, Siemens AG, and Rockwell Automation.
Report Contents Regional Analysis Report Highlights
Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R & D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
North America
US and Canada
Latin America
Mexico, Brazil, Argentina and Rest of Latin America
Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa
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This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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