Oil & Gas Automation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
Oil
& Gas Automation: Market Overview
Oil and gas, a dynamic global
industry, often faces challenges in cost management, extraction of high value
from current assets, and maximization of the up-time. Advancement in technology
has led to a connected enterprise, which helps the oil and gas industry to move
closer to operational excellence. Cloud, mobility, and analytics offer an
actionable view into real-time production data. The corresponding response to
issues can thus be made as soon as they arise, from anywhere in the world.
Improvements in exploration and production can eventually boost efficiency and
productivity. Automation is getting complex by the day. Initially, it was
limited to just machine controls. Currently, and in the future, automation
techniques are anticipated to control and manage assets. Automation helps
achieve reduction in energy consumption and make optimum use of the generated
data.
Transition to ‘renewables’ is one of
the major challenges in the oil and gas industry. Innovative automation
technologies are thus required for regulation, generation, and storage of
energy with high efficiency. Major companies operating in the global oil and
gas market are modernizing internal processes with automation along with access
to operations and maintenance information.
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Oil
& Gas Automation Market: Dynamics and Trends
Totally integrated automation systems
(TIAS) offer a range of products for efficient automation of entire production
workflow. TIAS also allows Interoperation, linking systems and equipment. This
helps optimize production processes, increase marketing time, and reduce
lifecycle costs. Avoidance of accidents and hazardous situations is one of the
important motives of automation. Various solutions such as remote mounted
transmitters, heavy duty dust tight enclosures, and non-contacting sensors help
prevent major accidents and hazardous situations.
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The future of the oil and gas
industry beholds maximum utilization of automated equipment at all the stages
of the oil and gas value chain. Highly diversified offshore and onshore assets
can be monitored and managed along with distribution of field data (from well
heads to the control room) at an enterprise level. Automation is estimated to
assist in making better, faster, and smarter decisions in operations and
management. The workforce in the oil and gas sector is constantly changing.
Access to information can now easily be made on devices as small as tablets,
smartphones, computers, and other mobile solutions. Operations can be managed
on real time basis. This operational intelligence channelizes information
passage and makes sure it reaches the right person at the right time. Thus, the
time lapse in information passage is reduces significantly. Timely action can
be taken. The oil and gas industry has moved toward digital field
Oil
& Gas Automation Market Segmentation
In terms of automation type, the Oil
& Gas Automation market can be segmented into asset optimization;
cost reduction; Health, Safety and Environment (HSE); and skills gap. In terms
of application, the Oil & Gas Automation market can be divided into gas
processing, LNG, offshore assets, onshore assets, pipeline &
transportation, and refining & petrochemical. In terms of region, the
global Oil & Gas Automation market can be segregated into North America,
Latin America, Europe, Asia Pacific, and Middle East & Africa.
Oil
& Gas Automation Market: Key Players
Key players operating in the global
Oil & Gas Automation market include ENI, Rockwell Automation, Siemens AG,
and GE.
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