LONDON--(BUSINESS WIRE)--Technavio has announced the top six leading vendors in their recent global automation solutions market in the oil and gas industry report. This research report also lists 10 other prominent vendors that are expected to impact the market during the forecast period.
Reduction in oil prices will lead to high demand and less production, which in turn will help in balancing the market and pave the way for the recovery of oil prices. However, this process may take two to three years to reach an equilibrium point. Once equilibrium is achieved, companies will adopt a wait-and-watch approach before restarting their proposed projects and announcing new investments. Hence, we estimate that the market will show growth only during the latter half of the forecast period.
Competitive vendor landscape
The global automation solutions market in the oil and gas industry is highly concentrated and dominated by large key vendors such as ABB, Emerson Electric, Siemens, and Honeywell. The existence of global players and reduced cost structure of the oil and gas companies has bred a competitive environment, which is expected to intensify further in the light of future innovations in technology.
“Vendors are increasing profitability by offering cost-effective services such as mobile and web services. In addition, vendors are also offering value-added services such as consultancy, solution integration, support and maintenance, and staff training to address opportunities and risks,” says Bharath Kanniappan, a lead automation analyst from Technavio.
Intense competition, rapid changes in technology, and the turbulent scenario of the oil and gas industry also represent significant risks for vendors. Therefore, market vendors are distinguishing their product offers with unique selling propositions (USP) to survive and succeed in this intensely competitive environment.
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Top six automation solutions market vendors in the oil and gas industry
ABB
ABB provides power and automation technologies for industry, utility, transport, and infrastructure customers worldwide. This business unit is focused on engaging in manufacturing and marketing of a variety of products, including variable speed drives, wind converters, industrial automation solutions, motors, generators, robots and robotics, solar inverters, and subsystems for railways, and related services. The company has a presence in 100 countries worldwide.
Emerson Electric
The company provides systems and software, measurement and analytical instrumentation, valves, actuators, and regulators. It also provides reliability consulting, including digital plant architecture that allows communication of devices with the centralized system for industries such as petroleum, chemicals, food and beverages, pulp and paper, pharmaceuticals, and municipal water supplies.
Honeywell
Honeywell provides Experion SCADA that provides good HMI with a scalable and integrated multi-server system. It is supported by the Honeywell RTU2020, the modular and scalable controller capable of remote automation and control applications.
Experion SCADA's real-time databases provide data to client applications, including Experion Flex Stations. Its advanced system infrastructure includes alarm/event management subsystem, built-in system displays, configurable reports, history collection, and standard system trends. Experion SCADA can be used as a standalone system and provides RTU, meter, and controller communications via native protocol.
Rockwell Automation
Rockwell Automation is focused on the automation and controls industry with its strong product brands such as Allen-Bradley and Rockwell Software. It provides PlantPAx DCS that features scalable and modular system architecture and information-enabled networking systems. It reduces the tasks associated with engineering, maintenance, inventory, expansions, and operations.
Schneider Electric
Schneider Electric offers StruxureWare SCADA Expert ClearSCADA systems. It is an open, integrated scalable SCADA software optimized for managing remote assets spread across geographically dispersed infrastructure. The SCADA system provides good operator visibility of the plant and is customized according to specific requirements. Single and redundant servers collect historical field data over long-distance communication infrastructure. These data are made available to local and remote users via integrated clients and third-party data management applications.
Siemens
Siemens provides SIMATIC WinCC range of SCADA systems that operate and monitor automated processes and functions for various industry segments. It allows the user to visualize machines, lines, and entire plants. The solution includes both single-user system and distributed multi-user system with redundant servers. WinCC SCADA systems are scalable in their entire lifecycle making it convenient to expand existing systems at any time. They are used in combination with standard and user programs to facilitate cross-company information exchange and vertical integration.
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