Research Report Oil and Gas Automation Market 2016 - 2024 Nov 2016 | Page 2

REPORT DESCRIPTION

Oil and Gas Automation Market: Overview
Automation in the oil and gas industry refers to the completion of tasks by the use of control systems, with minimal
human intervention. Automation in the oil and gas industry helps in improving the safety and enhancing the efficiency of
various operations. Work-related fatalities in the oil and gas industry is increasing every year and thus, automation in the
industry helps in avoiding accidents and ensuring safety for the workforce. Automation in the oil and gas industry has
applications such as retailing and distribution of petroleum products, start-up, commissioning, and processing and
production of plants.
The market study offers an in-depth analysis of the global oil and gas automation industry, studying it by segmenting the
market based on various key criteria. It provides an executive-level blueprint of the global oil and gas automation market
using Porter’s five forces, market attractiveness analysis, and value chain analysis. It discusses the degree of competition,
bargaining power of buyer and supplier, threat of new entrants, and threat of substitutes. In addition to this, the report
discusses the company market share and market attractiveness analysis. The report assesses industry policies that
influence the global oil and gas automation market.
Complete Report Oil and Gas Automation Market with TOC : http://www.transparencymarketresearch.com/oil-gasautomation-market.html
The global oil and gas automation market can be segmented on the basis of technology, sector, petroleum derivative
products, and by geography. On the basis of technology, the market can be segmented into distributed control systems
(DCS), programmable logic controller (PLC), human machine interface (HMI), supervisory control and data acquisition
(SCADA), and real-time optimization and simulation (RTOS). By derivative products, the market can be segmented into
liquefied petroleum gas, petrol, and diesel.
Oil and Gas Automation Market: Trends and Opportunities
The key factors driving the global oil and gas automation market include effective and easy maintenance made possible
by automation, enhanced safety and security, and effective exploration from aging reservoirs. In order to satisfy the
increasing demand of oil and gas by both domestic and international consumers, there is a need for a delivery system
that is both efficient and accurate. Thus, different products such as DCS, PLC, HMI, and SCADA can be used to ensure
adequate safety. The oil and gas companies are chiefly aiming at automation systems so as to achieve a higher level of
transparency which subsequently leads to profits by complying with stringent regulations regarding carbon emissions.
This is expected to continue to drive the market in the coming years.