Global “Oil & Gas Automation and Control System Market” Report 2020 offers Complete analysis of industry status and outlook of major regions based on of key players, countries, product types, and end industries. This report focuses on the Oil & Gas Automation and Control System in Global market, especially in United States, Europe, China, Japan, South Korea, North America, India. Oil & Gas Automation and Control System Market report categorizes the market based on manufacturers, regions, type and application. Oil & Gas Automation and Control System Report 2020 (value and volume) by company, regions, product types, end industries, history data and estimate data.
Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. Oil & Gas Automation and Control System Market report categorizes the market based on manufacturers, regions, type, and application. Oil & Gas Automation and Control System Market reports offer a detailed assessment of the Oil & Gas Automation and Control System including enabling technologies, current market situation, market assumptions, restraining factors.
List of Top Key-players in 2020 of Oil & Gas Automation and Control System Market:-
- Rockwell Automation
- Siemens AG
- General Electric
- Honeywell International Inc.
- Schneider Electric
- Emerson Electric Co.
- Yokogawa Electric Corp.
- INTECH Process Automation Inc.
- GS Automation
The Global Oil & Gas Automation and Control System market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
Automation and control system in oil & gas industry has helped in remote management of infrastructure, reduced the chances of downtime and risk, speeded up various process, etc. The demand for oil & gas infrastructure is increasing demand for automation and control system. The global crude oil & natural gas consumption grew by 1.2% and 2.24% annually, during 2005-16 (except in 2009). The outlook for upstream sector also looks positive as the crude oil price has recovered in 2017, and crossed USD 60 per barrel in November 2017. The significant growth in the oil & gas industry in the forecast period is expected to drive the automation and control system market in the industry.
Increase in Drilling Activity is Driving the Market
Drilling activity has been most affected by the downturn in upstream oil & gas industry. Automatic control of pipe handling and managed pressure drilling have reduced the risk significantly and speeded up the drilling process. It also reduces the operational downtime. Offshore oil & gas industry uses dynamic positioning rig for station keeping of floaters and drillships, drones for inspection of the platform, monitoring of gas emission, and others. The offshore drilling activity is expected to witness increased activity in the Golden Triangle – Gulf of Mexico, Brazil, and West Africa, along with the discovery of Egypt’s mammoth offshore natural gas field “Zohr.” In case of onshore the United States is expected to lead the market regarding drilling activity. As a result, the demand for automation and control system is expected to drive the market.
Growing Refinery Sector in Asia-Pacific is supporting the Market
The development of digital technologies, automation, and control systems has improved efficiency and better monitoring in the oil & gas refining sector. The refining industry uses Distributed Control System (DCS) to reduce the chances of downtime, potentially dangerous and damaging conditions, as DCS includes operational redundancy. The demand for refined fuels in Asia-Pacific is expected to outperform other regions in absolute volume terms, expanding by 17.2% between 2017 and 2026 (average annual growth rate of 1.8%). Several refinery projects are lined up in China and other countries in the region. As a result, the demand for automation in Asia-Pacific’s refinery is expected to support the market in the forecast period.
Growing Natural Gas Pipeline Infrastructure in the US is Boosting the Market
Supervisory control and data acquisition (SCADA) based automation and control technology has been used for remote management of critical pipeline infrastructure. The United States is one of the largest consumers of crude oil and natural gas, accounting for almost 20% of global consumption. The country is planning to increase the share of natural gas in its energy mix. Several large interstate natural gas pipelines has come online in the past few years. The Federal Energy Regulatory Commission (FERC) certified new natural gas projects with total capacity of 17.6 billion cubic feet per day (Bcf/d) in 2016. Between January 30 and February 3, 2017, FERC certified seven projects of the total capacity of more than 7 Bcf/d, and includes more than 1500 miles of natural gas pipeline construction and expansion. Several miles of pipeline infrastructure in under construction or is expected to start construction during the forecast period, hence driving the demand for automation technology in oil & gas pipeline infrastructure.
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The global Oil & Gas Automation and Control System market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.
Highlighted points of Oil & Gas Automation and Control System Market Size:
- Covers the varying market dynamics of the industry.
- In-depth analysis of market risks, opportunities, limitations, and growth of the market.
- Includes market driving and restraining factors.
- Participants profiles along with product description, overview, and business data.
- Include details of five years of forecast analysis by types, regions, and applications.
Key Developments in the Oil & Gas Automation and Control System Market:
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This Oil & Gas Automation and Control System Market Research/analysis Report Contains Answers to your following Questions
- Which Manufacturing Technology is Used for Oil & Gas Automation and Control System? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Oil & Gas Automation and Control System Market? What’s Their Company Profile, Their Product Information, Contact Information?
- What Was Global Market Status of Oil & Gas Automation and Control System Market? What Was Capacity, Production Value, Cost and PROFIT of Oil & Gas Automation and Control System Market?
- What Is Current Market Status of Oil & Gas Automation and Control System Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Oil & Gas Automation and Control System Market by Taking Applications and Types in Consideration?
- What Are Projections of Global Oil & Gas Automation and Control System Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
- What Is Oil & Gas Automation and Control System Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Oil & Gas Automation and Control System Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Oil & Gas Automation and Control System Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Oil & Gas Automation and Control System Industry?
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Finally, the report Global Oil & Gas Automation and Control System Market 2020 describes the Oil & Gas Automation and Control System industry expansion game plan, the Oil & Gas Automation and Control System industry knowledge supply, appendix, analysis findings, and the conclusion.
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