Global Leader in International Oil and Gas Industry News

posted in:

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

To access over 3,000 of the latest oil projects from across the world visit Projects OGP for free trial today

posted in:

Other Oil & Gas News

Gastar Exploration begins drilling new well in Utica Shale 17-04-2014
Osiris Projects nearing completion of the ambitious works on the subsea cabling project which will help deliver fast, fibre optic broadband to the H 17-04-2014
Corlena Oil Company II, LLC to sell horizontal Texas Panhandle properties 17-04-2014
Xylem’s Godwin pumps restore critical operations at flooded oil refinery in Argentina 17-04-2014
TXON Partners, LLC to sell North Texas oil properties 17-04-2014
Samson Oil & Gas operational advisory 17-04-2014
Shell announces Malaysia deep-water gas discovery 17-04-2014
Canadian Natural Resources Limited Announces Discovered Presence of Light Oil/Hydrocarbons Offshore Cote d'Ivoire 17-04-2014
Samson Oil & Gas announces equity placement 17-04-2014
Gazprom and Gasunie emphasize long-term nature of strategic partnership 17-04-2014