DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/sc3hxf/global_automation) has announced the addition of the Global Automation Market in the Oil and Gas Industry 2013 Report to their offering.
Global Automation Market In The Oil And Gas Industry Expected To Grow At A CAGR Of 6.9 Percent Over The Period 2012-2016
The report provides an in-depth market analysis with inputs from industry experts. Commenting on the report, an analyst from the researchers' team said: DCS has been the most preferred automation solution in the Oil and Gas industry as it is equipped with a myriad of features that are capable of handling a variety of complex processes that generally prevalent in the industry. In the last few years, the functionalities of PLC and SCADA equipment have vastly improved and are slowly starting to gain a greater penetration in the Automation market. This in turn has led to lack of distinguishability between PLC, DCS, and SCADA. The blurring of lines in the segmentation of DCS, PLC, and SCADA could lead to one product segment eating into the share of another product segment. PLC and SCADA currently available has the functionalities that could rival a DCS and are also priced competitively, which could lead to a growing preference for these products in the Oil and Gas industry.
According to the report, the leading factor for this market is the increasing demand for energy across the globe. Post the global economic recession, many countries have begun to recover with the increasing demand for energy witnessed in the past three years. As the demand increases, green-field exploration projects increases, and the projects that had been shelved are brought back to the fold. This directly provides greater opportunity for the growth of the Automation market in the Oil and Gas industry.
Further, the report states that one of the major challenges is the declining price of automation solutions. This reduction in price due to intense competition among vendors is affecting the overall revenue of the market. This price war among vendors is expected to continue for the next few years as product differentiation between PLC, SCADA, and DCS continues.
Key Topics Covered
1. Executive Summary
2. List of Abbreviations
3. Introduction
4. Market Research Methodology
5. Scope of the Report
6. Market Landscape
7. Product Segmentation
8. Geographical Segmentation
9. Key Leading Countries
10. Vendor Landscape
11. End User Outlook: Oil and Gas Industry
12. Buying Criteria
13. Market Growth Drivers
14. Drivers and their Impact
15. Market Challenges
16. Impact of Drivers and Challenges
17. Market Trends
18. Key Vendor Analysis
Companies Mentioned
- ABB
- Emerson Electric
- Honeywell International
- Invensys
- Siemens
- Yokogawa Electric
For more information visit http://www.researchandmarkets.com/research/sc3hxf/global_automation
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