|By PR Newswire||
|January 16, 2014 04:00 PM EST||
DUBLIN, January 16, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/prppkq/process) has announced the addition of the "Process Automation & Instrumentation Market in Oil & Gas Industry by Process Automation, Instrumentation, Analyzers, Flow Computers, Leakage Detection, Operation & Geography - Analysis & Forecast (2013 - 2020)" report to their offering.
(Logo: http://photos.prnewswire.com/prnh/20130307/600769 )
Process automation and instrumentation in the oil and gas industry is employed to automate the simple, as well as, some of the most complicated processes involved in the extraction, transmission, and refining of oil and gas. Automating the systems offers several advantages which includes reduction of cost, increased productivity, and enhanced safety and security.
Automation has become an important installation, as most of the new oil and gas wells are located in deep sea or at a location, which, in a majority of the cases, is considered as a harsh environment condition for the humans. Implementation of automation in the oil and gas industry also helps in controlling and maintaining the geographically scattered oil and gas wells.
The growth of the process automation and instrumentation market in the oil and gas industry in the coming years is expected to be significant, with the revenue growth estimated to reach $31.24 billion by 2020, at an estimated CAGR of 8.23% from 2013 to 2020. The major players in the process automation and instrumentation market in the oil and gas industry include ABB (Switzerland), Emerson Process Management (U.S.), Siemens (Germany), Honeywell (U.S.), Rockwell Automation (U.S.), and Yokogawa (Japan).
The main drivers for the process automation and instrumentation market in the oil and gas industry include exploration and extraction of shale' gas, rising demand of oil and gas, upgradation of old oil and gas platform, exploration and extraction from aging oil and gas wells, and the increasing emphasis on safety and security. Development of oil and gas in emerging economies is a major growth opportunity for the process automation and instrumentation market in the oil and gas industry. Moreover, major restraints for the market include matured and saturated developed economies, and issues pertaining to the integration of data generated by installed automation products.
Key Topics Covered:
2 Executive Summary
3 Cover Story - Interview with Founder and Director, IOG Solutions
4 Market Overview
5 Market Analysis
6 Oil & Gas Automation & Instrumentation Market, By Technology
7 Oil & Gas Automation & Instrumentation Market, By Operation
8 Oil & Gas Automation & Instrumentation Market, By Geography
9 Competitive Landscape
10 Company Profiles
- Abb Ltd
- Alstom SA
- Baker Hughes Inc
- Bp Plc
- Eaton Corp PLC
- Emerson Process Management
- Endress+Hauser AG
- General Electric Corporation
- Halliburton Corporation
- Honeywell Process Solutions
- Intech Process Automation Inc
- Iog Solutions
- Kongsberg Gruppen ASA
- Mitsubishi Electric Corporation
- Oil India Ltd
- Omron Corporation
- Petrofac Limited
- Rockwell Automation Inc
- Royal Dutch Shell PLC
- Schlumberger Limited
- Schneider Electric SA
- Siemens Ag
- Sigit Inc
- Tyco International Ltd
- Weatherford International Ltd
- Yokogawa Electric Co
For more information visit http://www.researchandmarkets.com/research/prppkq/process
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
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