May 25, 2018 - 7:52 AM EDT
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Global Oil & Gas Automation and Control System Market Analysis, Growth, Trends & Forecast 2018-2023 -


The "Global Oil & Gas Automation and Control System Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to's offering.

The demand for oil & gas infrastructure is increasing demand for automation and control system. The global crude oil & natural gas consumption grew by 1.2% and 2.24% annually, during 2005-16 (except in 2009).

Drilling activity has been most affected by the downturn in upstream oil & gas industry. Automatic control of pipe handling and managed pressure drilling have reduced the risk significantly and speeded up the drilling process. It also reduces the operational downtime. Offshore oil & gas industry uses dynamic positioning rig for station keeping of floaters and drillships, drones for inspection of the platform, monitoring of gas emission, and others. The offshore drilling activity is expected to witness increased activity in the Golden Triangle.

The development of digital technologies, automation, and control systems has improved efficiency and better monitoring in the oil & gas refining sector. The refining industry uses Distributed Control System (DCS) to reduce the chances of downtime, potentially dangerous and damaging conditions, as DCS includes operational redundancy. The demand for refined fuels in Asia-Pacific is expected to outperform other regions in absolute volume terms, expanding by 17.2% between 2017 and 2026.

The United States is one of the largest consumers of crude oil and natural gas, accounting for almost 20% of global consumption. The Federal Energy Regulatory Commission (FERC) certified new natural gas projects with total capacity of 17.6 billion cubic feet per day (Bcf/d) in 2016. Between January 30 and February 3, 2017, FERC certified seven projects of the total capacity of more than 7 Bcf/d, and includes more than 1500 miles of natural gas pipeline construction and expansion.

Companies Mentioned

  • Rockwell Automation
  • Siemens AG
  • General Electric
  • ABB
  • Honeywell International Inc.
  • Schneider Electric
  • Emerson Electric Co.
  • Yokogawa Electric Corp.
  • INTECH Process Automation Inc.
  • GS Automation

Key Topics Covered:

1. Executive Summary

2. Research Methodology

3. Market Overview

4. Market Dynamics

5. Supply Chain Analysis

6. Industry Attractiveness - Porter's Five Forces Analysis

7. Market Segmentation and Analysis

8. Regional Market Analysis

9. Key Company Analysis

10. Competitive Landscape

11. Disclaimer

For more information about this report visit
Laura Wood, Senior Manager
[email protected]
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Related Topics: Gas, Oil, Industrial Automation

Source: Business Wire (May 25, 2018 - 7:52 AM EDT)

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