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Automation Solutions in Oil and Gas Market Expected to Reach 82400 Million US$ By 2025, Growing At A CAGR Of 1.0% | ABB Ltd., Emerson Electric Co., Endress+Hauser AG, Fanuc Corp., General Electric Co., Hitachi, Ltd., Honeywell International Inc., Mitsubis

03-28-2019 12:44 PM CET | Energy & Environment

Press release from: ReportsWeb

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In the short term, midstream companies are minimally impacted due to low energy prices and a decline in the price of oil. Since contracts in the oil and gas industry are fee-based, most contracts are finalized at fixed rates and contain minimum volume commitments or guarantees of minimum ROI. The augmented implementation of automation solutions, such as SCADA and DCS, to overcome issues like the unstable flow of fluids in pipelines and risers in the midstream infrastructure will lead to the growth of this market over the next four years.

The global Automation Solutions in Oil and Gas market is valued at 76900 million US$ in 2018 is expected to reach 82400 million US$ by the end of 2025, growing at a CAGR of 1.0% during 2019-2025.

Another trend influencing this market's growth is the availability of automation solutions on the cloud. In the oil and gas sector, automation solutions are likely to be the next logical step in the evolution of automation technology. By shifting towards cloud-based environments, oil and gas companies can significantly reduce costs, achieve greater flexibility, and enhance functionality. A cloud-based platform shifts the task of maintaining data from the oil and gas service companies to the cloud service provider and eliminates the expenses incurred and problems related to the hardware layer of IT infrastructure for companies.

Top Companies Covered in this Report are:
ABB Ltd., Emerson Electric Co., Endress+Hauser AG, Fanuc Corp., General Electric Co., Hitachi, Ltd., Honeywell International Inc., Mitsubishi Electric Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Yokogawa Electric Corporation

Get sample copy of “Automation Solutions in Oil and Gas Market” at: https://www.reportsweb.com/inquiry&RW00012576567/sample

Automation Solutions in Oil and Gas Market Breakdown Data by Type
Supervisory Control and Data Acquisition (SCADA)
Programmable Logic Controller (PLC)
Distributed Control Systems (DCS)
Manufacturing Execution System (MES)
Safety Instrumented System (SIS)

Automation Solutions in Oil and Gas Breakdown Market Data by Application
Oil
Gas

The study objectives are:

To analyze and research the global Automation Solutions in Oil and Gas status and future forecast, involving, production, revenue, consumption, historical and forecast.
To present the key Automation Solutions in Oil and Gas manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Have any query? Enquire about report: https://www.reportsweb.com/inquiry&RW00012576567/discount

Fundamentals of Table of Content:

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Automation Solutions in Oil and Gas Market Size
2.2 Automation Solutions in Oil and Gas Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Automation Solutions in Oil and Gas Market Size by Manufacturers
3.2 Automation Solutions in Oil and Gas Key Players Head office and Area Served
3.3 Key Players Automation Solutions in Oil and Gas Product/Solution/Service
3.4 Date of Enter into Automation Solutions in Oil and Gas Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Automation Solutions in Oil and Gas Sales by Product
4.2 Global Automation Solutions in Oil and Gas Revenue by Product
4.3 Automation Solutions in Oil and Gas Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Automation Solutions in Oil and Gas Breakdown Data by End User

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