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Global oil & gas automation & control systems market to be worth $8.63bn in 2013

Wednesday, Jan 23, 2013

LONDON, January 22, 2013 /PRNewswire/ --Visiongain's analysis indicates that the global oil & gas automation & control systems market will reach a value of $8.63bn in 2013, with safety and optimisation of oil and gas processes driving expenditure in the market.

The global oil & gas automation & control systems market is forecast by Visiongain to record moderate and continuous growth over the next decade, as oil, gas and power companies try to increase productivity, reduce costs and improve their safety standards. Automation and control systems are used throughout the industry from oil & gas field operations, to production and processing plants, and distribution and retailing of petroleum products. Integrated monitoring and control systems raise efficiency, speed and performance of companies' operations.

The lead analyst of The Oil & Gas Automation & Control Systems Market 2013-2023 report commented that 'Oil & gas industry leaders are investing in automation & control systems to ensure that their facilities are running at maximum efficiency and at the highest safety standards. Such a move is becoming evermore critical with narrowing margins in the downstream industry driving operational improvements, while increasingly challenging environments in the upstream oil and gas industry demand the highest safety and monitoring standards.'

The report contains 112 tables, charts and graphs that add visual analysis in order to explain developing trends within the oil & gas automation & control systems market. Visiongain provides a global forecasts for the period 2013-2023 in terms of value (US$) for the oil & gas automation & control systems market. In addition, 7 regional markets are forecast and analysed by Visiongain over the period 2013-2023 covering North America, Latin America, the Middle East, Eurasia, Europe, Asia Pacific and Africa. Details of past, current and planned oil & gas automation & control systems projects are outlined and potential oil and gas developments that lead to automation and control system projects are also identified. The report provides profiles of 17 leading automation and control system providers for oil and gas fields within the market. In addition, this report includes 5 interviews with principal automation & control system providers, offering insight alongside Visiongain analysis.

The Oil & Gas Automation & Control Systems Market 2013-2023 will be of value to current and future potential investors in this industry, as well as companies and research centres who wish to broaden their knowledge of the automation and control systems applications in the oil and gas market.

Source: Visiongain

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