Global Sales of Oil & Gas Automation & Control Systems to Total $13,194M in 2014

Monday 6 January 2014, Amsterdam

Global sales of automation & control systems for the oil & gas industry will stand at $13,194m by the end of next year, according to the new report Oil & Gas Automation & Control Systems Market 2014-2024.

‘Automation & control systems are well established in the oil & gas industry as a means to optimise production, raise heath and safety standards, but also cut costs and de-skill critical processes that otherwise require highly-skilled – and typically scarce – personnel’, commented the lead analyst of the report. ‘Yet, this sector will experience robust growth over the next 10 years, thanks to major developments in the oil & gas industry such as hefty investments in midstream and downstream infrastructure in the Americas, Asia-Pacific and Middle East, and upstream operations increasingly moving into riskier offshore environments in South America and Africa.’

The 149 page report contains 100 tables, graphs and charts that add visual understanding to the analysis of the oil & gas automation & control systems market, together with forecasts for the 2014-2024 period on global and regional sales, and future investments on five crucial technology submarkets: Distributed Control Systems (DCSs), Programmable Logic Controllers (PLCs), Supervisory Control and Data Acquisition (SCADA) systems, Safety Instrumented Systems (SISs) and Manufacturing Execution Systems (MESs), plus a 10-year aggregated forecast for other oil & gas automation & control technologies.

In addition, the report profiles and analyses the market share of the 10 largest producing companies by sales in 2013, and profiles a further 48 leading companies in the sector. The report also includes the full transcripts of original and exclusive interviews with Boris Shcharansky, Vice President-Business Development at CCS, LLC; Esa Jokiniemi, Director-Automation Systems at Metso Automation; Louis Meyer, Director of Process Industries at Mitsubishi Electric’s Factory Automation-European Business Group; and Minoru Morita, General Manager of the Industrial Automation Marketing Planning Department at Yokogawa Electric.