May 18, 2018 - 10:21 AM EDT
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Global Oil and Gas Automation Market 2017-2018 & 2023: $18 Bn Market Segmented by Technology (SCADA, PLC, DCS), Type of Offering, Services, and Region - ResearchAndMarkets.com

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The "Global Oil and Gas Automation Market - Segmented by Technology (SCADA, PLC, DCS), Type of Offering, Services, and Region - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The oil and gas automation market was valued at USD 11.23 billion in 2017 and is expected to reach a value of USD 18.03 billion by 2023 at a CAGR of 8.02% over the forecast period (2018 - 2023).

The scope of the study covers several types of control systems and associated instrumentation used for industrial oil & gas control, such systems can range from large interconnected and interactive distributed control systems with many thousands of field connections to a few modular panel-mounted controllers.

The increasingly diverse energy market and a shortage of skilled labor the automation of daily operations will be a key factor for sustainable growth in the oil & gas industry. With a growing worldwide population, the demand for new energy sources will increase as well as increase the costs for energy companies. By automating portions of daily operations, both on the job site and in the office, oil & gas companies can not only create efficiencies within their business but will also mitigate the effects caused by a lack of skilled labor currently available in the market.

Report Highlights

  • Need For Higher Productivity and Efficiency
  • Distributed Control Systems to Hold a Significant Market Share
  • UAE to hold the Largest Market Share in the Middle East

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Market Analysis

4. Market Dynamics

5. Industry Policies

6. Technology Snapshot

7. Global Process Automation Market Segmentation

8. Competitive Intelligence

9. Investment Analysis

10. Future of the Market

Companies Mentioned

  • ABB Ltd.
  • Honeywell International Inc.
  • Rockwell Automation Inc.
  • Mitsubishi Corporation
  • Schneider Electric SE
  • Emerson Electric Co.
  • Eaton Corporation
  • Dassault Systems
  • Yokogawa Electric Corporation
  • Siemens Corporation
  • Robert Bosch GmbH
  • Texas Instruments Inc.
  • Johnson Controls Inc.

For more information about this report visit https://www.researchandmarkets.com/research/96t39v/global_oil_and?w=4

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Related Topics: Gas, Oil, Industrial Automation


Source: Business Wire (May 18, 2018 - 10:21 AM EDT)

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