TechNavio's analysts forecast the Global
Automation Market in the Oil and Gas industry to grow at a CAGR of 6.9 percent
over the period 2012-2016. One of the key factors contributing to this market
growth is the rising demand for oil and gas across the globe, which is leading
to greater production and thus providing greater scope for automation. The
Global Automation Market in the Oil and Gas industry has also been witnessing
the presence of Programmable Logic Controllers (PLC) and Supervisory Control
and Data Acquisition (SCADA) products with functionalities that can rival
Distributed Control Systems (DCS). However, the fall in price of automation
solutions could pose a challenge to the growth of this market.
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TechNavio's report, the Global
Automation Market in the Oil and Gas industry, has been prepared based on an
in-depth market analysis with inputs from industry experts. The report covers
the Global Automation market in the Oil and Gas industry in the Americas, the
EMEA, and the APAC regions, its market landscape, and growth prospects in the
coming years. The report also includes a discussion of the key vendors
operating in this market.
The key vendors dominating this
market space include ABB Ltd., Emerson Electric Co., Honeywell International
Inc., and Siemens AG Inc.
The other vendors mentioned in the
report are Invensys plc and Yokogawa Electric Corp.
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Key questions answered in this
report:
- What will the market size be in 2016 and at what will be the growth rate?
- What are key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by key vendors?
- What are the strengths and weaknesses of each of these key vendors?
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