Process Automation & Instrumentation Market in the Oil & Gas Industry Estimated to Reach $31.24 Billion by 2020

Reportlinker.com announces that a new market research report is available in its catalogue: Process Automation & Instrumentation Market in Oil & Gas Industry by Process Automation (SCADA, DCS, PLC & MES), Instrumentation, Analyzers, Flow Computers, Leakage Detection, Operation & Geography – Analysis & Forecast (2013 - 2020)

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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.

The report covers the market by technology, operation, and geography— of the process automation and instrumentation market in the oil and gas industry; it provides a detailed analysis of the current market scenario and its estimation till the year 2020. The process automation accounts for a major share of the global process automation and instrumentation market in the oil and gas industry. The market is expected to grow well in the developing regions, which is mainly attributed to the fact that there is rise in demand of oil and gas due to rise in the population in these regions.

This report describes the value chain for process automation and instrumentation market in the oil and gas industry by considering all the major stakeholders in the market and their role in the analysis. The report also provides a detailed scrutiny of the Porter's five force analysis of the market. All the five major factors in these markets have been quantified using the internal key parameters governing each of them.

Middle East, currently, leads the market share for global process automation and instrumentation market in the oil and gas industry, as this region accounts for the maximum production of oil and gas. APAC is the emerging market for process automation and instrumentation and has the highest growth rate amongst all the geographic regions. It is estimated that the APAC market will grow at the rate of 9.91% from 2013 to 2020.

The report covers the companies that are the major players, and active in the oil and gas industries. The report provides the competitive landscape of the players which covers the key growth strategies followed by all the major players.

Scope of the report

The research report categorizes the "global process automation and instrumentation market in the oil and gas industry" on the basis of the different technologies, operation, and geographical analysis; and the forecasted revenue and analyzing trend in the market.

On the basis of products

The basic heads under this include: process automation (Supervisory Control and Data Acquisition (SCADA), Distributed Control Systems (DCS), Programmable Logic Controller (PLC), Manufacturing Execution Systems (MES)); process instrumentation (pressure transmitters, temperature transmitters, level transmitters, and flow transmitters); process analyzer (liquid analyzer, gas analyzer and gas chromatograph); flow computers; and leakage detection systems.

On the basis of operation

The basic operations in the process automation and instrumentation in the oil and gas industry include upstream (exploration & extraction), midstream (transmission), and downstream (refineries).

On the basis of geography

  • Americas
    • North Americas (U.S., Canada, and Mexico)
    • South Americas (Brazil and Others)
  • Middle East (Saudi Arabia, Iran, Iraq, UAE, Kuwait, and Others)
  • Africa
  • APAC (China, India, Malaysia, and Others)
  • Europe(Norway, and Others)
  • Rest of World (Russia, Kazakhstan, Azerbaijan, and Others)

The report covers the market data and information, with regards to the market drivers, trends and opportunities, key players, and competitive outlook. This report also makes ways for market tables to cover the sub-segments and micro-markets. In addition, it profiles around 26 companies covering all the sub-segments; such as overview, products & services, financials, strategy, and developments.
Global process automation & instrumentation in the oil & gas industry is the future of the oil & gas market. The oil & gas market is expected to grow due to the automated products because of the high output provided by them; thus, resulting in high revenue for the oil & gas companies. Automated products' demand will be driven by various factors such as consumers' need & demand for petroleum products, and oil & gas companies' need for an improved and sophisticated work-flow during the production. Automated products are, relatively, a new invention, which not only allow the user to reduce the functional time but also provide the feel of sophistication in service.

Automated machines & technologies are the easiest tools for completing the functions related to oil & gas production as well as refining. There are various automated products available in the market, which facilitate better service; such as SCADA, DCS, PLC, transmitters, analyzers, flow computers, and leakage detection system. Not only the oil & gas exploration sites, but even the refining plants also require automation in order to follow a sophisticated procedure. Automation & instrumentation, with its technologies, allows the producers to execute and experience a secured way of production.

The process automation & instrumentation market in the oil & gas industry is expected to grow at a CAGR of 8.23% in the next seven years (2013-2020) so as to reach $31.24 billion in 2020. In the report— the drivers, restraints, and opportunities for the process automation & instrumentation market in the oil & gas industry are also covered. The major driving factors for the process automation & instrumentation market in the oil & gas industry are: the growth of the oil & gas market and the oil & gas companies' desire to reduce the operational costs.

Some of the major companies dominating the process automation & instrumentation market in the oil & gas industry are ABB (Switzerland), Emerson Process Management (U.S.), Siemens (Germany), Honeywell (U.S.), Rockwell Automation (U.S.), and Yokogawa (Japan).

Geographically, the global process automation & instrumentation market in the oil & gas industry is majorly covered by Americas, Middle East, and ROW. The Middle East market is followed by the ROW market, which, is mainly driven by Russia. ROW is followed by the Americas; and the U.S. is the main driving market for the Americas. All the rest of the regions cover a small market share at present, but they are expected to show a growth in coming five to seven years due to the increasing need for petroleum and, as a result, the subsequent pressure on the oil & gas companies to increase their production rate.

Source: http://www.reportlinker.com/

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