Automation Solutions in Oil and Gas Market Segmentation, Industry Trends ReportPosted by snehal on August 22nd, 2018 In the short term, midstream companies are minimally impacted due to low energy prices and a decline in the price of oil. Since contracts in the oil and gas industry are fee-based, most contracts are finalized at fixed rates and contain minimum volume commitments or guarantees of minimum ROI. The augmented implementation of automation solutions, such as SCADA and DCS, to overcome issues like the unstable flow of fluids in pipelines and risers in the midstream infrastructure will lead to the growth of this market over the next four years. Scope of the Report: Another trend influencing this market’s growth is the availability of automation solutions on the cloud. In the oil and gas sector, automation solutions are likely to be the next logical step in the evolution of automation technology. By shifting towards cloud-based environments, oil and gas companies can significantly reduce costs, achieve greater flexibility, and enhance functionality. A cloud-based platform shifts the task of maintaining data from the oil and gas service companies to the cloud service provider and eliminates the expenses incurred and problems related to the hardware layer of IT infrastructure for companies. The worldwide market for Automation Solutions in Oil and Gas is expected to grow at a CAGR of roughly 1.0% over the next five years, will reach xx million US$ in 2023, from 76900 million US$ in 2017. Market Segment by Manufacturers, this report covers
Before Purchasing, Get Free Report Sample Copy Market Segment by Regions, regional analysis covers Market Segment by Type, covers Market Segment by Applications, can be divided into There are 15 Chapters to deeply display the global Automation Solutions in Oil and Gas market.
About Us: ReportsandMarkets is part of the Algoro Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe. On ReportsAndMarkets.com you will find all the globally available market research and company reports from well-respected market research companies, all leaders in their field. Reports And Markets is totally independent and serves its customers by providing the most reliable market research available, as we understand how important this is for you. Contact Us: Sanjay Jain Like it? Share it!More by this author |