Jun 23, 2017   SOURCE: BusinessWire

Industrial Automation Market for Oil & Gas by Solution, Instruments & Geography - Global Forecast to 2023 - Research and Markets

Research and Markets has announced the addition of the "Industrial Automation Market for Oil & Gas by Solution (Distributed Control System, Programable Logic Controller, SCADA), Instruments (Field Instruments, Control Valve, Leakage Detection System, Flow Computer) and Geography - Global Forecast to 2023" report to their offering.

The industrial automation market for oil & gas is expected to reach USD 15.52 Billion by 2023, at a CAGR of 3.2% between 2017 and 2023.

Key driving factors for the growth of the industrial automation market for oil & gas are the need for optimum and effective exploration of aging reservoirs and the Internet of Things adding value to the industrial automation for the oil & gas industry. However, the instability of the oil & gas market in Middle Eastern countries, increasing shift toward the adoption of renewable energy sources, and declining and fluctuating oil and gas prices are considered to be major restraints for the industrial automation market for oil & gas.

Distributed control system (DCS) is expected to hold a major share of the market by 2023. The distributed control system controls various components that are distributed in the overall system of industrial automation for oil & gas, enabling the maintenance of digital communication between various components such as distributed controllers, workstations, and other computing elements. The DCS controls processes such as oil & gas refineries, pipeline transport, and extraction in the oil & gas industry.

Companies Mentioned

  • ABB Ltd
  • Advantech Co. Ltd.
  • Cameron International Plc
  • Cisco Systems Inc.
  • Eaton
  • Emerson Electric Co.
  • Endress+Hauser Ag
  • Festo Group
  • Flowserve Corporation
  • General Electric Co
  • Honeywell International Inc.
  • Iconics Inc.
  • IMI Plc
  • Instruments Wika Colombia Sas
  • Mitsubishi Electric Corp
  • Mks Instruments
  • National Instruments Corporation
  • Omron Corporation
  • Orbcomm
  • (10+ Others)

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Market, By Process

8 Market, By Solution

9 Market, By Instruments

10 Market, By Geography

11 Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/research/87xpbb/industrial