Oil & Gas Automation & Control Systems Market 2014-2024 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-17 22:09:01
The global oil & gas automation & control systems market is forecast to grow to a value of around $13.2bn in sales value during 2014. This includes the markets for Distributed Control Systems (DCSs), Programmable Logic Controllers (PLCs), Supervisory Control and Data Acquisition (SCADA) systems, Safety Instrumented Systems (SISs), Manufacturing Execution Systems (MESs) and the aggregated sales of other technologies such as Human Machine Interface (HMI) and Remote Terminal Units (RTUs).The oil and gas (O&G) automation and control (A&C) systems market is a well established sector of the oil and gas industry. A&C systems are applied to all segments from upstream to downstream, and serve a large variety of applications, from emergency shutdown of production facilities to control sensors checking flows in pipelines and automation systems assisting manufacturing processes in refineries. The first A&C systems were in operation as early as the 1960s and they continue to play a critical role in the oil and gas industry today.Nevertheless, the overall trend in the automation and control systems market over the next 10 years is one of growth, thanks to robust demand for process optimisation, safety measures and remote-control solutions in every segment of the O&G industry. A&C systems allow companies to monitor operations in real time and improve on-site decision-making in order to maximise production. They raise facility uptimes and lower maintenance costs in the long term. Finally, they are critical in cutting costs, from those related to sub-optimal processes to those of personnel.
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