Press release
Oil & Gas Automation Market - Current Impact to Make Big Changes | Halliburton, Emerson Electric, Honeywell International
According to AMA Market Analyst, the Global Oil & Gas Automation market is expected to see growth rate of 8.01% and may see market size of USD11.93 Billion by 2024.
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The ongoing COVID-19 pandemic and the worldwide reaction to it has compelled companies to radically rethink their strategies and the way they operate. We salute the industry experts helping companies survive and sustain in this pandemic. At AMA Market Analysts, are undertaking continuous efforts to provide analysis of the COVID-19 impact on the Oil & Gas Automation Market. We are working diligently to help companies take rapid decisions by studying.
Definition:
The manual labor cost, as well as distribution overheads, are increasing day by day which is ultimately affecting the overall operational expenses of the oil and gas industry. Moreover, the probability of human error is always more than that of machine errors. Thus the inclusion of automated systems in the oil and gas industry will significantly reduce the distribution overhead as well as labor cost which is incurred in operations. Thus the global oil and gas automation market will grow at a significant rate over the forecasted period. Oil and gas automation systems can be used in both offshore & onshore operations with the help of numerous technologies such as distributed control system (DCS), the programmable logic controller (PLC), safety instrumented system (SIS) and many others.
Market Trend
o Totally Machine Oriented and Highly Automated Daily Drilling Operations
o Introduction Precise and Accurate Diagnostics and Inspections
Market Drivers
o Continuously Escalating Demand for Petroleum Products
o Minimized Operational Expenses Due to Increased Automation
Opportunities
o Adoption of Oil and Gas Automation System equipped Weather Monitoring Systems
o Simplified and Risk Free Monitoring of the overall Process of Oil and Gas Transmission
Restraints
o Higher Initial Investments and Continues Maintenance Required
o Data Vulnerability due to Extreme Data Dependency on Centralized Monitoring Software
Challenges
o Complex Automation Software and their respective Integration with the Existing System
o Lack of Skilled Workers to Understand Oil and Gas Automation System Operations
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The Global Oil & Gas Automation Market segments and Market Data Break Down are illuminated below:
by Application (Offshore, Onshore), Technology (Distributed Control System (DCS), Programmable Logic Controller (PLC), Safety Instrumented System (SIS), Supervisory Control and Data Acquisition (SCADA), Manufacturing Execution System (MES), Other), Offering (Hardware, Software, Services)
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Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
Strategic Points Covered in Table of Content of Global Oil & Gas Automation Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Oil & Gas Automation market
Chapter 2: Exclusive Summary - the basic information of the Oil & Gas Automation Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Oil & Gas Automation
Chapter 4: Presenting the Oil & Gas Automation Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region 2013-2018
Chapter 6: Evaluating the leading manufacturers of the Oil & Gas Automation market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Finally, Oil & Gas Automation Market is a valuable source of guidance for individuals and companies.
Data Sources & Methodology
The primary sources involves the industry experts from the Global Oil & Gas Automation Market including the management organizations, processing organizations, analytics service providers of the industry's value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.
In the extensive primary research process undertaken for this study, the primary sources - Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company's Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weight-age.
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What benefits does AMA research studies provides?
o Supporting company financial and cash flow planning
o Open up New Markets
o To Seize powerful market opportunities
o Key decision in planning and to further expand market share
o Identify Key Business Segments, Market proposition & Gap Analysis
o Assisting in allocating marketing investments
Definitively, this report will give you an unmistakable perspective on every single reality of the market without a need to allude to some other research report or an information source. Our report will give all of you the realities about the past, present, and eventual fate of the concerned Market.
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
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AMA Research & Media LLP
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Our Analyst is tracking high growth study with detailed statistical and in-depth analysis of market trends & dynamics that provide a complete overview of the industry. We follow an extensive research methodology coupled with critical insights related industry factors and market forces to generate the best value for our clients. We Provides reliable primary and secondary data sources, our analysts and consultants derive informative and usable data suited for our clients business needs. The research study enable clients to meet varied market objectives a from global footprint expansion to supply chain optimization and from competitor profiling to M&As.
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